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Since 2015, the Software as a Service (SaaS) industry has grown to an estimated value of $31.5 billion. In 2022, it is expected to grow by up to $171.9 billion, according to the research. This means more companies are building SaaS products. After all, cloud computing makes SaaS products cost-efficient, scalable, and reliable. Are you looking to create Software as a Service (SaaS) products for your company? Then, this blog is for you. Read on. What is a SaaS Application? A SaaS application refers to a software licensed Software as a Service application. Using the SaaS approach, companies can market their applications as a service where customers can subscribe. These services are hosted with the help of the cloud, which means the application or customer data doesn’t have to be physically installed on the computer.  Here are some key benefits of SaaS applications: There is no need to buy expensive hardware, which makes it very cost-efficient. SaaS applications can be upgraded o