Several years ago, the software-as-a-service (SaaS) industry was growing like wildfire. Yet, analysts noted that its stability was in question. Start-ups continued to pop up, software giants were still jockeying for market share, and a critical mass of companies had yet to venture into the cloud. In 2017, the SaaS industry has stabilized as legacy software companies have attained a better grip on the market, startups have been acquired and customer adoption gets closer to maturity.
Service users are becoming more dependent on their SaaS solutions, while at the same time they’re also becoming more knowledgeable and solutions providers are needing to spend less time convincing customers of the benefits of SaaS.
While it’s not easy to predict what’s likely to happen to such a dynamic market in the future, there are a few trends that will affect the growth and shape of the market going forward.
Mobility in the SaaS Industry
We’re a nation of smartphones, and we’re no longer limiting them to calls, games and messaging. Today, about 43 percent of all business owners are using their smartphones daily to manage their operations, which is increasing the demand on the SaaS industry for mobile apps and “mobile first” solutions. Opportunities here aren’t just for mobile users, but for networked devices, machinery and even products SaaS solutions with a strong mobility presence will connect not only people to solutions, but also things like sales displays, information kiosks in stores and even products themselves.
In the earlier days of SaaS, companies perceived that they had a choice between the cost advantages and ease of using SaaS and the security features of premise-based solutions. Experts say that’s changing now as cloud security improves and international laws governing cyber security once something of a “no-man’s land”are formulated, implemented and enforced.
Just a few years ago, a small handful of companies had a lock on the SaaS industry-particularly with regards to horizontal solutions-largely because they controlled closed platforms that prevented interoperability except with a few chosen partners. Going forward, there will be increasing opportunities for more open platforms that integrate with a variety of complementary services. Strong integration strategies, enabled by robust APIs connected to integration platform ecosystems, will be a major driver of SaaS growth as well as co-marketing opportunities between complementary solutions providers.
Shifting Revenue Models
The days when developers and service providers struggled to determine a path to long-term revenue with SaaS are ending. Small business services delivered as SaaS are opening new paths to profitability. Revenue models are beginning to shift from purely fixed software models or blanket subscription fees to the transaction-based models. As software-as-a-service shifts on many fronts to better accommodate the business practices of companies of all sizes, smaller companies are becoming increasingly willing to spend on these solutions.
Wolke is at the forefront of HRMS and Payroll Software Solutions and has extended its new service in a new area SaaS- Software as a Service (SaaS) which is a HR and Payroll software delivery method that provides access to software and its functions remotely as a Web-based service.
Wolke’s software licensing and delivery model is flexible, scalable and economical wherein a software is licensed on a subscription basis and is centrally hosted. It’s easy to implement and works on taking on new modules as and when needed. SaaS is typically accessed by users using a thin client via a web browser. Talk to us for an economical switch on switch off model.
Wolke provides the best Time & Attendance Solutions integrated to Payroll, to a number of clients nationally and internationally in the UAE, GCC, MENA and European region. It is a company based in Dubai Internet City UAE and has capabilities across Abu Dhabi, Sharjah, Ras Al Khaimah, Ajman, Fujairah, Umm Al Quwain. It has also expanded across Bahrain. It solutions are robust, flexible and scalable.
Primarily, we will need an understanding of your company processes, gather requirements and eventually implement a standardized system. Wolke also provides Microsoft Dynamics NAV/AX/CRM implementation and solutions. Besides our experience in a world class affordable HCM / HRMS Suite (Human Resource Software Solution) with modules like Core HR, Payroll, Time & Attendance, Employee Self Service, Performance Appraisal, Outsourced Payroll service and SaaS payroll model we assist our clients in various ERP solutions. Talk to us on your software needs. We are reliable, responsive and economical in our approach to our customers. Period. Talk to us if you are a construction, Logistics, Banking, Hotel, Trading, Financial Services, Landscaping, Facilities Management, IT, Developer, Contractor, Consultant, Engineering, Distribution, Shipping, Retail, Wholesale, Events or a Media Company.