What is SaaS (Software as a Service)?
The SaaS model or Software as a Service is based on a compute cloud where users connect directly to external apps using the network. The simplest examples of SaaS (Software as a Service) where the Internet is just an interface are portals such as Dropbox, OneDrive, or the Google-based package G Suit.
Since there are several types of services in the cloud, you may come across terms such as PaaS (Platform as a Service or Virtual Work Environment) and IaaS (Infrastructure as a Service), but they are all based on the same principle. increase.
What is the value of apps in the cloud? Software as a Service generates approximately two-thirds of the revenue from the cloud computing market. SaaS app revenue in 2017 increased 21% (~$60 billion) compared to 2016 (~$47 billion). Gartner.com forecasts revenue growth of 22.2% in 2018, worth nearly $74 billion. Statista.com predicts that SaaS will bring in nearly $300 billion in revenue in 2025.
How much do SaaS developers earn?
Let’s look at the numbers related to SaaS on a slightly smaller scale. Browse our Pitch Deck for Venture Capital Investors https://500.co/ and you’ll come across some interesting data on 30 early growth SaaS start-ups. On average, software-as-a-service startups were generating $58,000 in monthly revenue at the time of funding.
Where is this growing interest in cloud computing coming from?
SaaS has many advantages. From the user’s point of view, we can say:
Low total cost of ownership (TCO)
Fixed low subscriptions and costs in a timely manner without a one-time license purchase
Low app implementation costs and no IT infrastructure costs
Low risk and fast deployment time
Standardization and enhanced security
Easier to work remotely and access data
Always up-to-date software
Great scalability and unlimited users
From a software provider’s perspective, the main benefits are:
Easier access to customers, worldwide distribution
No major restrictions on hardware and software requirements and types of platforms supported
No software fragmentation, all users always using the same version
You may not use unauthorized copies of the software
A big advantage of the SaaS (Software as a Service) model is that you can validate your ideas before building the app. One of the most famous examples is:
The company started by creating a landing page explaining how the app works and offering the option to sign up for the newsletter. Next, the page was expanded to include pricing plans for monthly subscriptions. However, the app itself was not yet in production. This is how the creators of buffer.com reached out to potential customers in the future, and it has had a huge impact on what the software will look like in the future. Therefore, the risk associated with the project and the first prototype was almost zero.
The history of zappos.com is equally interesting. In 1999, Nick Swinmurn, one of the project’s founders, decided to open his online store for shoes. If anyone bought anything, Nick would personally buy selected shoes from local stores and send them to customers. It started with Ten years later, the famous clothing store was acquired by Amazon for $1.2 billion.
Why is it worth starting with a Minimum Viable Product (MVP)? MVP or Minimum Viable Product is another name for a product that has a minimum maturity before launch. In practice, this probably means the simplest product that can be manufactured and presented to potential customers with little effort.
With new tech startups being mentioned almost daily, the time from idea to finished product should be as short as possible. MVPs have been created for many different products in many industries. For Software as a Service, implementation is in high demand and recommended if possible.
The definition of Minimum Viable Product (MVP) is so broad that it is often difficult to distinguish it from a mockup. focus is important
What’s important when creating an MVP?
Perhaps creating the best MVP (minimum viable product) involves applying a few golden rules here and there.
First of all, in this busy world of start-ups, waiting too long for a launch is not recommended. A Minimum Viable Product (MVP) is not intended to be mature software with complete functionality, but rather a means of testing our ideas. Waiting for the right moment and working on the details might get someone one step ahead. Second, if you have already defined your essential minimum, consider whether it is possible to implement your idea with half the means and functions.If the answer is yes please run.
The most important lesson we can learn is from our users. Over time, we find that the final product is very different from what we first envisioned.These changes are intended to meet the demands of our customers. Therefore, it is worth responding to your suggestions and starting a dialogue if possible.
Which technology is best for building an MVP SaaS? Despite the many examples where the Minimum Viable Product has become a ‘regular’ website, not all ideas can be easily verified. There are many languages u200bu200bthat are suitable for our MVP. Most of these languages u200bu200bcan produce working code very quickly when used only by experienced developers.
Over time, precise scaling can become an obstacle to further development of the product. Not all technologies are efficient enough for complex projects. A comprehensive ASP.NET-like framework is much more reliable and opens up a lot of possibilities. It is an environment that requires more effort and experience. Considering the above and that it is a commercial solution, an MVP built with such technology can prove to be very resource intensive.
Which programming language is best for MVP?
But it is most important to choose a technology in which we feel the strongest, or which is the main technology of our specialists. It’s difficult to specifically choose one language, nevertheless all specialists point towards Open Source environments. In spite of its limitations, open software is usually the cheapest and most effective in deploying MVP.
Why is it worth benefiting from readymade solutions?
If a model was created before, its use may spare you a lot of time and money. Integration of payments, reservations, forms or live chat; if only this is what our MVP (Minimum Viable Product) requires, it may be really simple with the use of the right language.
We can search for readymade solutions in free databases. Management systems like MySQL are supported by many other platforms and allow for agile MPV data handling for a large number of users. As our project grows, it’s always possible to move to a more extensive commercial solution.
What is most important from the start?
When making difficult choices connected with technology dedicated to our Minimum Viable Product, we should always keep in mind the future development of our product. The basis here is to ensure the right protection of software and its users. We’ve already mentioned that the cloud has become a popular concept partly due to the data leak of iCloud users. Getting the right data security, apart from the clients’ trusts, is also key in legal terms, particularly in the light of the ever-changing legal regulations.
When taking on the creation of your own cloud software, you should always keep its future in mind. An important aspect of the chosen technology is its scalability. Like in most classical business models, the sales of our product to the biggest number of clients possible lies at the basis of the SaaS (Software as a Service) model. Having in mind how our user database may grow with time, we should always be ready to provide a comprehensive product to all those willing to actively engage. Even at the MVP stage, the chosen architecture must to some degree be ready for a further increase of the number of our customers.
Why is it recommended to not take shortcuts?
The effectiveness of our product is also important for its future development. Our software’s stability may to a greater extent be threatened, and not by the growing number of users, but rather the quality of its optimization. It is easier to turn a blind eye to mild imperfections of our interface or lack of additional options, when the basic functions are working just like we expect them to. Performance is key here. That is why, despite the whole minimalism of MVP, it’s not recommended to take shortcuts.
Despite the dynamic growth of this market, there’s still some tremendous, untapped potential there. Even with such fierce competition, good ideas have their way of making it big and finding an audience across the entire world. It’s possible that you already have an idea and keep pondering on it… One that you haven’t presented to the world yet.
Why is it worth outsourcing the development of a SaaS product?
Developing an MVP ourselves for our SaaS (Software as a Service) can prove to be quite a challenge. That’s why it’s good to benefit from the talent and experience of an external developer. Outsourcing our product and placing it in the hands of professionals enables the implementation of languages and tools that we would not optimally use ourselves. Picking the right crew will ensure the best possible start to our minimum viable product. By creating an MVP in collaboration with specialists, we can focus on its development and sales, saving time and money.
Who should be your ideal developer?
A developer who understands the specifics of a minimum viable product (MVP) for a SaaS model can provide us with rapid application development while maintaining high code quality. It is much easier to find a qualified company to implement our idea than to hire our own full-time employees. Recruiting in this competitive IT market is difficult and time-consuming, and hiring another person is a serious commitment. when a key developer resigns MVP is put on a hold.
Outsourcing gives us that continuity in working on our project. Even if our product leaves the MVP stage and our dynamically functioning startup has its own team at hand, we can still use the help of an external developer if needed.
The cloud continues to grow. More and more software vendors are leaning towards it. Every day, companies are trying to move existing applications to the Software-as-a-Service model.
Despite the dynamic growth of this market, there is still some huge, untapped potential. Even in such tough competition, good ideas have a way of gaining ground and finding an audience around the world. It’s possible that you already have an idea and are still thinking about it… One that you haven’t presented to the world yet. We hope this convinces you to stop waiting for the perfect moment, stop working on these hypothetical features and possible solutions, and actually test it in real life and develop your own minimum viable product.
Also read about https://kalpas.in/offshore-software-development/