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Software as a service (SaaS) is a trend that is growing at an incredible rate, thanks to the accessibility and versatility of the software solutions coupled with online data analysis tools. Software as a service (SaaS) allows organizations to use such tools, without the need of running applications on their computer systems and data centres. Furthermore, SaaS is praised by many organizations for its simplicity, security and the widespread connectivity. 

However, despite the rapid growth, SaaS is still misunderstood by many.  

This blog aims to identify and explore common myths within the SaaS industry.  

Myth one: SaaS applications are not secure.

SaaS applications are incredibly secure and tend to be more secure than most individual company’s own application services. This is because security in cloud services, like SaaS, can be developed and maintained at levels that surpass what is cost-effective for most singular companies. The cost advantage is gained from the cloud-based architectures being used by multi-tenants. This means that many individuals, from an array of stakeholder groups, can share infrastructure and databases, meaning the singular price per person is reduced. The individuals within the shareholder groups, known as tenants, can share hardware on which their virtual machines or servers run.  

Furthermore, a SaaS-delivered solution automatically receives security updates and therefore is instantly updated to a more secure version when available. Even better, a SaaS services includes these automatic updates at no additional cost. 

Myth two: SaaS is less reliable than on-premises applications.

There has been an incredibly low number of service disruptions as a result of using a software as a service (SaaS). However, there have been reported disruptions experienced by Google and Salesforce. Nevertheless, such disruptions do not occur frequently and have never been reported to of lasted for a long duration.  

Furthermore, there have not been any major compromises of SaaS operations reported yet. 

Myth three: “SaaS tools offer just one application.”

This myth is simply not true. SaaS tools range in form and function, and therefore offer multiple applications. For example, you can use a SaaS based Email marketing solution or you can build a SaaS dashboard tool. 

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Myth four: “SaaS is a peripheral trend”.

All of the data demonstrates that SaaS is becoming a mainstream movement. Gartner predicted that SaaS solutions will generate an approximate revenue of $105 billion in 2020. Whereas, a year ago in 2019, Gartner estimated $20 billion less.  

Such a financial increase is supported by the number of new adopters. For example, we are now even seeing enterprise IT organisations making the use of cloud services. 

Last note…

Here at Jarvis Elliot, we pride ourselves in being a leader in SaaS recruitment. We regularly recruit for all positions within the SaaS industry and have a highly skilled exclusive talent pool.  

Get in touch today and find out how we can provide solutions for your company.