SaaS Industry

The software as a service (SaaS) industry has experienced only steady, constant growth ever since it was introduced in the 1960s. A report notes that SaaS is progressing at a rapid speed, expanding “five times faster than the software market as a whole”. Another report predicts that the continuous growth of the SaaS industry will lead to a total of $116 billion in 2020. This trend says a lot about how SaaS will continue to dominate the market. And no wonder: Every business requires software. 

Through software, data and services can be quickly accessed as long as the device being used is connected to the Internet. With software, your company can run smoothly and efficiently. 

For example, the main platform in e-commerce is the software because it is where shopping and transactions are made. Another example is how companies in general need software as an organizational tool so that tasks, such as finance management, are more securely and accurately done. Software can also help companies with their customer service, internal communications, and time management.

Some of the primary industries that SaaS helps are:

  • Healthcare and Medicine
  • Education
  • Marketing
  • Non-Governmental and Nonprofit Organizations
  • Retail

These industries require bulks of data to be stored, processed, and analyzed on time, which can presently be achieved only through optimized software.

Internally, software has a role to play in virtually every department of a company:

  • Human Resources can keep track of their employees speedily and easily;
  • Finance can trace and update where the company’s finances go, and;
  • Marketing can obtain data that will help them strategize better.

But developing software can be tricky for a company that does not have any experience in programming, and it will be especially challenging if the company does not have the hardware to execute it in the first place. 

According to a survey conducted in 2014, more than 250 out of the 539 global business executives said the “implementation costs for adopting new cloud-based software was the most challenging aspect of cloud deployment”. Some of the key concerns involved data protection, integration to existing structures, and implementation costs.

How Outsourcing SaaS Can Help Your Company

Aside from the very obvious benefit of price, outsourcing can help your company through the manpower and hardware already in place. This significantly eliminates the extra work you need to do if you’re going to develop software internally. 

As previously mentioned, one of the main challenges of executives when implementing software is ensuring that their data is protected from security breaches. By outsourcing a software development firm, their team’s experience and skills can guarantee your data’s privacy remains intact. 

Additionally, outsourcing SaaS to a software development firm means the equipment needed to develop programs is already available, effectively avoiding needless expenditure by the company.

With NarraSoft, you get all these advantages and more. Our team of programmers can give you software that’s specially designed for your company needs and objectives, and we make sure to execute and develop your software flawlessly before delivering it to your company. Moreover, we do software maintenance, which contributes to the reduction of costs as it removes the additional expenses of in-house training. 

Removed from updated SaaS page:

How do you make sure your software is secure? Companies aiming to build an in-house team of developers often find themselves struggling with their company’s software needs, and you might be one dealing with this specific problem now. 

Data security is a complex issue common among companies across industries. Encountering data security problems is likely to occur if this is your first time figuring out how to develop your software.

But with outsourced SaaS services, you gain access to a high level of security that results from experienced developers trained in implementing systems and stringent safety measures — both legal and technical — to keep your software safe from threats.