SaaS is a software delivery method that provides access to software and its function remotely as a web-based service. Here the customers can have access to software that otherwise had to be purchased. SaaS allows organizations to access business functionality at a cost typically less than paying for licensed applications since SaaS pricing is based on a monthly fee. Also, because the software is remotely hosted, users don't need to invest in additional hardware. It also removes the overhead installation, set-up and maintenance costs. Google Apps, Microsoft 365 and Amazon web services are already providing this SaaS services.
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