SaaS, or Software-as-a-Service, is an on-demand, cloud-based delivery model for software applications. A service provider hosts the application at a remote location and it reaches the user by using a web browser on the internet. The infrastructure over which the application runs is managed by the service provider. The customer pays for a monthly or yearly subscription, and it is the number of users through which the fee for service is normally decided. Here are the top 10 SaaS companies to watch out for in 2017:
Presented here are the top 10 SaaS technology trends that will dominate 2017:
1. Artificial Intelligence (AI)
The previous year was a boon where Google Home, Amazon Alexa, and Siri’s Macbook debut brought Artificial Intelligence (AI) personal assistant space to the people. The same is to be anticipated this year where home enhancement and simplification is unquestionably a trend in AI. For instance, there will be developments in everyday activities such as lights, garage doors, and more. All this can be controlled through your smartphone! AI will become increasingly prevalent in technology advancement in 2017.
2017 will see the ever more growing significance of mobile-friendly applications because smartphones and tablets are being used by increasing number of people. Also, with the help of mobility, the cost for companies to outfit their employees’ desks has diminished. The customer response time has grown because of this.
With the increase in mobile usage, security is becoming an important subject because mobile raises the risks of security gaps and it can reveal both personal and enterprise networks. It is anticipated that 2017 will bring various solutions to make us less vulnerable to hackers and increase the security.
Considering its effectiveness, SaaS has grown ahead itself to something now termed as the XaaS model, “Everything-as-a-Service.” Pay-as-you-go models are being used by a majority of manufacturers and channel partners to compute their companies as they welcome new technology through cloud-based services. XaaS is believed to bring more innovations to cloud-based online businesses.
5. SaaS Marketplaces
Having products that are employable to only one function is not effective enough for b2b SaaS companies anymore. In 2017, products that have met their niches will move forth to an even highly developed platform. An increasing number of SaaS companies will develop from single product services to platforms by going ahead from things they are presently dominating to diverse areas. For instance, Hubspot has brought collaborative spaces in their CRM and tools of task management.
Facts, Figures and Future Predictions of SaaS – An Infographic
6. Shadow IT is Making Transparency Murky
A study by Cisco showed that 75% of enterprises didn’t possess a complete organization cohesive cloud strategy. With no clarity into what software employees are using every day to meet goals, CIO’s are unable to regulate processes, create future plans and preserve a critical business or client data. In order to discover shadow IT within departments, these SaaS discovery tools must function so that organizations are alerted and solutions are found.
7. The Importance of APIs
Some companies are seeking to completely migrate their data to cloud software and platform services, whereas others are simply seeking for service resolutions to blend within current infrastructure in order to make it enhanced. Now that the legacy systems are in place and data security concerns are present, it is the responsibility of SaaS MSP of full integration without breaking or leaking anything critical.
8. With Multiple Applications, Confusion May Abound
It is known from latest data that around 3.97 million apps are present for download or purchase in the Apple App Store, the Android Google Play store, the Amazon App Store, the Windows Phone Store and Blackberry World. An important trend of stepping in the SaaS market is from cloud MSP’s requirement to favorably integrate their apps with comparable but competing applications. This will help in making sure that there is no fear of data security faults, work production lapses or communication failure so that collaborative work by various companies is achieved.
9. More SaaS Players, Quicker Growth, and More Funding
In a very short span of time, an increasing number of financially powerful cloud application MSP’s are progressing above the $50 million mark. Thus they are efficiently growing and generating a surplus of venture capital firms who are seeking to make ground floor investments. The trend is SaaS explosion, however, in the coming years, an explosion of funding will become increasingly contentious.
10. The Emergence of DaaS (Data as a Service)
As the tech market is constantly evolving, 2017 and the following years will present DaaS (Data as a Service) to the market in a significant manner. The fundamental idea of DaaS is to present companies with a considerable volume and wide variety cloud-based data at a fraction of the cost so that they eventually become smarter in their strategy planning decisions.
2017 will definitely be turning into a year of innovation so keep looking out for these top emerging SaaS technology trends that are enclosed with innovative and unique ideas.