Software as a service is a way of delivering software over the internet with a licensing model in which software is licensed on a subscription basis. Since it is served to everyone via cloud, it frees yourself from complex software and hardware management.
SaaS has many business applications, such as file sharing, email, OTT media service, customer retention management, and human resources. Netflix is a well known example of SaaS. SaaS is advantageous with its faster updates, instant payments, easy scalability and a lot more. It can also be accessed from anywhere and on any device.