Top 5 Reasons Why SaaS Will Be The Future Of The Business World
By: James Magallanes
Tags: Software Architecture, Technology News, Business Intelligence, Business Development, Software Engineering

Photo by Maxwell Nelson on Unsplash

The business industry both in the online and physical world are growing at an incredibly faster rate that humans could have ever imagined.

I know, times have really changed…

The good old ledgers and calculators in today’s world are definitely not enough to survive in this overly competitive market.

Demands are rising exponentially, making every entrepreneur on Earth strive for continual development for faster processing of all business operations.

Not using technology’s power to scale the business is now the perfect recipe for complete failure…

That’s why I am now telling you the words of the future in advance.

No matter if you’re an existing or aspiring businessman, you’re in the right time to discover why the SaaS industry is the future of all businesses in the succeeding decades.

In case you’re new to the term, SaaS or also known as Software as a Service, is an industry that is already gaining worldwide traction for businessmen and entrepreneurs.

But what exactly is SaaS?

Software as a Service is actually a method of software delivery which permits data to be accessed using any device as long as you have an internet and a web browser like Google Chrome.

You might be new to the term but I bet you’ve already encountered or even used some of it online!

A great example is Canva, a website for non-graphic designers to create a variety of template designs that can be used for advertising and non-advertising purposes such as brochures and Instagram posts.

Canva is doing an excellent performance as a SaaS website, since it helps millions of people create their own designs without hiring graphic designers.

Other excellent SaaS examples include Netflix and Spotify premium, which both provide entertainment to their monthly subscribers.

Now that you have an idea of what SaaS does, here are 10 important reasons why the SaaS industry will dominate the business world in the near future.

Continue reading so you can take advantage of this massive opportunity we are facing right now…

Its enormous impact to businesses

There’s a reason why major businesses are continuously coping up with their customers’ demands.

SaaS providers are helping them in almost all aspects of customer relationship management so they can always meet expectations and retain their customers without getting stressed out.

Talking about technology’s power!

There is no telling how big this industry is going to get in the coming years but I’m assuring you, Software as a Service will continue to expand quickly and massively.

When it becomes a major factor of every business’ success, this could emerge into a trillion dollar industry faster than anyone could expect!

What kind of business would ignore such goldmine when presented with the opportunity to get the helping hand of SaaS to make more profits?

It’s only a matter of time ’til majority of today’s businesses recognize its authority and they should be prepared.

Not everybody is going to adapt to the technological changes, but the number of businesses subscribing to B2B (Business to Business) SaaS products such as CRM and Email Marketing automations will be colossal.

In case you’re curious, here are some SaaS providers that offers CRM (Customer Relationship Management) services to businesses online:

2. Automations = Less expenses

Before SaaS existed, it has always been a troubling experience for business companies around the world to scale their business without the help of softwares that can provide the automations they need to keep up with the increasing demands of the market.

Business automation is already a no-brainer to the modern day entrepreneurs.

The enterprise softwares that businesses are using in the previous decades are extremely difficult and expensive to maintain, a major problem that SaaS eliminates.

Why waste millions maintaining an expensive software when you can continuously subscribe to SaaS providers to automate your business operations for less than $300 a month? How convenient.

It’s not just a smart tactic, it’s becoming more of a requirement to succeed.

The more opportunities to lessen unnecessary expenses, the more businesses will be chasing for it to increase their yearly revenue.

Here are some outstanding automation tools that are usually needed by big businesses and are offered by some SaaS companies online:

You might want to take a look at each one of those especially if you’re an entrepreneur struggling to automate your systems.

I’m telling you, subscribing to SaaS will definitely save you a lot of valuable time.

3. Scalability

The main purpose of automation isn’t just to lessen the stress caused by doing manual work in the business.

It’s to fast track the scalability of the business by reducing the number of manual work that takes a lot of time to perform.

Any business can be scaled when done right, but without the power of automations, it will take a much longer time.

And successful entrepreneurs as we know it, will be willing to invest in services that could save them a lot of time and money to further amplify their revenues and increase their cash reserves!

Entrepreneurs have no time to waste to continue doing things that can be done faster than ever when automated by the computers.

The more the business is automated, the easier it is to scale, making millions of companies around the world hungry for SaaS automations.

But let me remind you that not all businesses are prioritizing automations for ALL of their business operations.

There’s just some business systems that are better done manually.

It wouldn’t be a great idea to automate all processes within the business. There has to be some legit work for a business team to perform more efficiently than the computers!

But no worries, even if some entrepreneurs decided to automate all of their activities, it can’t be done due to some limitations anyway.

For example, a SaaS product may yield excellent results in presenting company reports but it can’t do the final decision-making responsibilities of the business.

4. Entertainment

The entertainment industry is one of the billion dollar industries on the planet. Imagine a world without Netflix and Youtube in these modern days…

Quite depressing, isn’t it?

No matter how expensive Netflix and Youtube premium is, there will always be people who would be willing to subscribe and say “Shut up and take my money!”.

In fact, there are more than 180 million people who are currently subscribed to Netflix this year! Better invest in watching quality movies during the quarantine caused by COVID-19.

There’s no better opportunity for people to watch what phenomenal shows they missed, making them pay without hesitation just to satisfy themselves.

It’s also quite interesting to know that even Spotify raked in billions last year, proving how music can be very powerful for SaaS companies to thrive exceptionally.

So, if you have the next big idea of turning any form of entertainment into a SaaS product, make sure to share it to the world.

Who knows, maybe you’ll be the next CEO of a billion dollar SaaS company!

You should take the time to research more about SaaS in the entertainment field if you want to get more ideas. It might come useful to you someday.

However, I have an important advice: Never make the next Youtube or Netflix!

Brainstorm on something that the world has never seen.

That will make your idea even better to implement rather than copying what other people have done.

Originality is the key.

5. It’s gaining attention from hundreds of millions of customers incredibly fast

There’s no need to show statistics. The numbers of Netflix subscribers ALONE already amounts to 180+ million. Pretty insane.

It’s already obvious that there’s no point telling you how humongous this industry is based from the numbers I’m showing to you.

Don’t believe me? Go search on Google, it’s free. I’m too lazy to make citations, I have nothing to gain from lying anyway.

Think of it, if the numbers are already getting to hundreds of millions and we’re not even reaching the first half of 2020, how crazy would the numbers get by 2025?

SaaS is the future. I am not saying that it will overtake major industries such as food and finance but they will definitely coexist on the same level.

If you’re getting excited and want to know more about SaaS, check out this awesome article I’ve just read online (not my creation).

The article presents you with statistics regarding the growth rates of SaaS. I’ll be honest here, they’re pretty mind blowing.

There’s no stopping you from reading anyways so better take advantage of it while you can.

Hope you’re learning something today. Feel free to comment on your concerns below, I’d be happy to help!