Government agencies and businesses alike are looking to move more workloads than ever to the cloud. This type of approach is understandable – cloud resources can offer cost savings, increased productivity and access as well as simplified management and expert support. A cloud-first strategy, which initially took hold with federal institutions, has bled out to the enterprise sector, driving cloud adoption across the board.
An array of critical activities now take place in the cloud, and software access and use is no different. Currently, the Software-as-a-Service market, supported and driven by cloud technology, is making waves for companies in all industry verticals. But what exactly is SaaS, how does it contribute to a cloud-first strategy and what benefits can it bring for your organization? Let's take a look:
As No Jitter contributor Vadym Fedorov pointed out, cloud-first is pretty self-explanatory, and involves adopting cloud solutions to replace often more expensive, less efficient on-premises technologies. In this way, businesses are able to take advantage of expertly managed IT resources and are free from the high costs of initial equipment investments and ongoing maintenance.
"SaaS enables companies to shift the way they license and access software systems."
SaaS resources come as a part of this strategy. In addition to leveraging other types of cloud environments – including public, shared platforms and dedicated, private cloud solutions – SaaS enables companies to shift the way they license and access software systems. As opposed to hosting these critical applications in on-premises environments, SaaS provides a new software delivery model where organizations pay for a subscription and access software in centrally hosted environments belonging to service providers.
As more institutions move toward a cloud-first strategy, SaaS solutions play an important role. This is helping the global SaaS market grow at a considerably fast pace – Cloud Computing reported that by 2024, the market will reach a value of $50 billion, a significant expansion from 2016's $12 billion in product spending.
"[A]lmost two-thirds (64 percent) of small and medium businesses rely on cloud technologies to drive growth and workforce efficiency, while more than three-quarters (78 percent) of companies polled expect to expand the number of SaaS platforms they use in the next three years, taking the number of apps up with it," Cloud Computing's James Bourne wrote.
There are a few key advantages that are contributing to the growth of SaaS. These include:
The cloud has become a powerful asset for today's businesses, and SaaS applications will only increase the impact these types of solutions can provide. To find out more about the benefits of SaaS and the options available to suit your organization's unique requirements, contact the experts at iT1 Source. We've cemented robust partnerships with industry-leading SaaS providers, including Microsoft and Cisco. Check out our partners page for more details, and connect with an iT1 Source consultant today.