The Future of SaaS Platforms: A Comprehensive Review
Varad Khoriya · Vidhyayana · 2024
SaaS, or software as a service, has completely changed how companies use technology and do business. This review study looks at the current condition of SaaS platforms. It investigates potential future developments that might influence how they develop. By examining recent studies, we address important topics such as adoption barriers, security issues, performance enhancement, artificial intelligence integration, and environmental effects. Insights into the possible future of SaaS and its consequences for companies and technology ecosystems are provided in the paper's conclusion. Beyond the essential requirement that hosted applications full-fill the needs of businesses, vendors must continuously evaluate whether their hosted service offerings contribute positively to growth and margin objectives. Even within SaaS or ASP service models, differentiation among the offerings available exists and vendor decisions reflect those differences. The introduction, growth, and continued investment in portfolio development of hosted applications suggest that, although the basic model revolves around the service of providing an application on a platform that is not installed on the customer's premises but rather is hosted and made available over the Internet, similarities among hosting decisions exist.