Did you know that the worth of the global SaaS market is expected to be more than $60 billion by the year 2023?
It is becoming increasingly common to see the use of a SaaS platform or SaaS application within a business. But what is SaaS? What purpose does it provide and why is it such a popular option with businesses?
There are tons of great SaaS examples that provide insight into how to properly set up a SaaS company, and you’ve come to the right place to learn more about those examples.
Continue reading to learn more about the five best SaaS examples that will inspire you to create your own SaaS company.
What Is SaaS?
SaaS stands for Software as a Service, and it is the most popular cloud-based service available in today’s market. It is cloud-based because all of the required maintenance, updates, and improvisations are done through the organization that operates the software.
SaaS companies like agreed.io are great because they provide a low maintenance option for organizations that help them grow their business and all they need to do is pay a monthly or yearly subscription fee for the service.
The biggest reason for the growth of SaaS is that it allows for global sharing of information through a single server or platform. This is great because you’re no longer required to store your data on a hard drive when you use a SaaS platform.
As long as you have a connection to the internet and the proper credentials to log in, you’re able to access the information and data through the SaaS application no matter where you are in the world.
This is especially important in today’s climate during the COVID-19 pandemic, as businesses have been operating remotely.
Top Five SaaS Examples
There are a variety of popular SaaS platforms and applications that each have their own benefits depending on what you need from the software. The biggest perks that businesses get from investing in SaaS are a low initial cost and more efficient processes.
They also increase the scalability of an organization that allows it to stay efficient even as the business starts to take off and grow.
Here are some of the most inspirational SaaS examples on the market.
One of the most popular and successful SaaS companies of all time, SalesForce is a cloud-based customer relationship management service. It was built to help organizations boost their sales by managing all leads and prospects in one platform.
Over the past decade, SalesForce has developed a massive following and has an annual revenue of over $10 billion. It is one of the most widely used and popular options on the market.
It has helped small and medium-sized businesses grow their return on investment because of the elite sales paradigms that their service offers to their customers.
DropBox is another successful and popular SaaS company. The biggest perk that DropBox provides its customers is the storage solutions that allow data to be shared with multiple users.
This SaaS platform acts as a hard drive for multiple users on a cloud and it has grown to be worth over $10 billion. It is one of the most valuable startup SaaS companies in the world.
It offers users a free amount of storage, up to 2GB of data, but it has a premium option that users can pay for. The premium service provides users with 2 terabytes of storage on DropBox’s servers, along with advanced sharing and other special features.
Shopify has grown dramatically as an eCommerce software as a service company. It is a great option for businesses that sell a product and creates a one-stop shop for their customers.
It is a content management software system that includes flexible plans for its users. It is most popular with small and medium-sized businesses because it helps them to create their own eCommerce website.
It has the added benefit of allowing the users to create as simple or complex of an eCommerce website as they desire. Shopify has grown as eCommerce has grown.
There are more mobile purchases now than ever before, and Shopify allows smaller businesses to get their products in front of millions of people. It is one of the best eCommerce SaaS companies on the market today.
4. SAP Concur
This SaaS company specializes in helping its customers to manage their travel and business expenses through their software. It helps them to automate their traveling and expense management through a digital expense sheet.
This digital expense sheet helps the user to view airline ticket expenses and the costs of hotel stays at their convenience and fingertips. This is especially useful for businesses that have employees who frequently travel because it allows them to offload a ton of accounting work on the automated system.
SAP Concur is a great example of a straightforward SaaS company that offers a needed and easy-to-use service to its users.
Email marketing is another industry that has grown rapidly over the past decade, and MailChimp is the leader in that industry. They are the pioneers of email marketing.
MailChimp has greatly refined the process of email marketing and their service helps business to grow their revenue through the email marketing campaigns that MailChimp offers to their users.
One of the big benefits of MailChimp is that it provides its users with a simple and easy-to-use interface that is customizable to fit the user’s needs. This helps the user to analyze the success of the email campaign and change it as is needed.
Start Your SaaS Company Today
When it comes to SaaS examples, you don’t have to look far to find inspiration from these five companies. While their services are each tailored to a different industry, they found a way to meet the needs of businesses across the globe.
Whether a business needs a way to store data in a way that is accessible for multiple team members, or they just need an efficient email marketing campaign, there is a perfect niche for your SaaS company.
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