Essential SaaS Trends to Watch Out For in 2024

Dec 20, 2023 5 min read 729
Daria Sizova Business Development Manager
Essential SaaS Trends to Watch Out For in 2024

The prevalence of cloud technologies has a big impact on the way we do business today. The models that were used before to conduct all work processes are already quite outdated and no longer cost-effective. That's why new and more profitable ones, which involve the use of SaaS (Software as a Service), are replacing them.

SaaS: a short review

SaaS means getting access to software over the internet. That is, instead of managing the software on your own, you can access it on a subscription basis. In addition, by choosing to work with the aforementioned cloud solution, you get a number of benefits:

  • quick implementation into your workflows;
  • ability to scale rapidly;
  • updates and technical support are managed by the service provider;
  • no need to store data on your own computers and servers;
  • you can access the software at any time and from any gadget;
  • it is possible to cancel the service at any time if required and so on.

2024 SaaS trends 

Artificial Intelligence and Machine Learning

AI and its almost indispensable part ML will be one of the most common trends for SaaS in 2024. These technologies help companies quickly process large amounts of data, analyze performance to improve the quality of work, and find solutions to existing problems. Additionally, they canl automate many routine processes and eliminate errors that can be caused by employee inattention.

Blockchain

The use of blockchain technology in SaaS may become mainstream in the near future. SaaS with such capabilities will be particularly relevant for companies that want to ensure customer loyalty through the security of their sensitive data, integrity of all contracts and secure transactions.

Low-code platforms

In recent times, we can observe a high rise in the need for fast creation of websites, applications and software. Low-code platforms are exactly the answer to all these problems. They can help you create a custom project quickly, and what's more interesting is that you don't need to delve into writing code for it. Most of the work is done via visual tools, thus making development easier.

Vertical SaaS

This is a great choice if you build your business in one area. Vertical SaaS means that you will get a solution fully adapted to the regulations and specifics of your business. The main advantage is that, if the market suddenly changes, the providers of such SaaS will instantly respond to it by introducing updates. In addition, you will be able to automate any typical business processes for your field.

Micro SaaS

If your workflows are already well established, but there are still a few problematic aspects for which you have not yet found a solution, a micro SaaS is a great option. This kind of SaaS is focused on one particular task. Due to this, such software is quite clear and easy to use. These solutions are typically developed and managed by small teams, often just an individual or a few people. Also, it is crucial that the cost of such a service, scalability and deployment speed can please any entrepreneur.

DaaS

The use of DaaS (Data-as-a-Software) is suitable for almost any business model that involves working with large amounts of data. With it you no longer need to store all your information on your servers and worry about its security. You have the ability to keep all of your data in the cloud and access it on demand from any device (even multiple at once). Another benefit is that you will pay exactly as much as you consume.

Read also: AI Data Visualization: Types, Examples, and Tools

PaaS

In the conditions of high demand for the development of various programs and software, PaaS (Platform-as-a-Service) is the best option for such tasks. It provides developers with an environment for creating projects of any complexity. That is, you can get access to development tools, computing resources, as well as mechanisms that allow you to test and quickly deploy applications. This trend is gaining momentum because of its convenience and lack of need to maintain infrastructure.

API connections

At the moment, the top priority for each company is to use flexible, easily scalable systems that will be perfectly combined with other tools. SaaS with APIs is just one of the solutions that can provide all the above-mentioned opportunities. In other words, API development makes it quick and easy to incorporate new software into working processes. The two main advantages of APIs: they allow for rapid scaling, and reduce the cost of creating new functionality. This tendency is gaining more and more popularity and is really worth your attention in 2024.

Read also: How to Build SaaS Application with a Small Budget

Custom SaaS development with SDH

It has never been easier to get custom software than now, when IT outsourcing has reached a truly new level. Software Development Hub is a team of like-minded people who know exactly their business and will help you with:

  • recruiting specialists for your team,
  • developing software and applications,
  • finding the best solution for your business model,
  • analyzing your strategy, and much more.

Stop searching for your perfect partner, because you've already done it!

Categories

SaaS Trends

Share

Need a project estimate?

Drop us a line, and we provide you with a qualified consultation.

x