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Why SaaS-based Business Model is best for On-Demand startups?

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YelowSoft Inc
Why SaaS-based Business Model is best for On-Demand startups?

Software-as-a-Service is referred to as SaaS, a delivery model which runs using the cloud infrastructure and is centrally hosted. Both start-ups and established companies can opt for SaaS applications via a subscription plan. The SaaS-based on-demand delivery model is accessible through the web interface and mobile applications.


As SaaS companies offer various subscription plans which is beneficial for start-up companies as they don’t have to make any huge investment for developing the on-demand delivery applications.


Businesses are escalating and expanding their income sources with SaaS applications and SaaS business models. BMC data shows that the SaaS market is growing by 18% each year and by end of 2021 more than 74% of companies are expected to have SaaS-based applications.


Harvard Business Review data shows that U.S. consumers have already spent $57.6 million in the on-demand economy and are attracting more than 22.4 million users yearly. According to PwC Research, the on-demand economy is predicted to reach $335 billion by 2025.


READ MORE : Why SaaS-based Business Model is best for On-Demand startups?



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