The software as a service (SaaS) market has seen a huge upswing in the past decade. The industry is producing market-leading solutions for businesses and end-users. Due to the pandemic, remote work has increased and this change is well-supported by the SaaS industry. From sales and marketing to human resources and development, each department is using SaaS products in one way or the other. The SaaS revenue is expected to reach $623 billion by 2023. Today, SaaS organizations are operating in more than 100 countries and they utilize the power of cloud services to provide seamless communication.
The annual growth rate of the SaaS market is recorded to be 18%. The increasing use-cases are due to the enhanced SaaS capabilities that provide manifold benefits to businesses. With this, SaaS outsourcing is also increasing and businesses that are unable to make on-premise setup for SaaS product development find outsourcing the better option. The improved SaaS automation and the high-end agile abilities are fueling the growth of the market. There are several other challenges to the digital world that are curbed through SaaS capacities.
SaaS-based product development goes through a predefined workflow. The developers and project managers are required to first perform extensive research over the scope of the project. The next step is to plan the modules, develop them, and test them. Companies are outsourcing SaaS products to eliminate the overhead of hiring staff, managing them, and providing them with hardware and equipment. The setup becomes very expensive. Instead of investing this much, businesses find outsourcing a more convenient solution. This article describes some other reasons why companies should consider outsourcing SaaS development.
Rapid Project Development
A SaaS product development outsourcing company provides you with the experience of a team that has worked on various projects before. From human resource services to development and marketing, they provide complete assistance for your SaaS product. You do not need to find the right candidates for your project development. The outsourcing companies have a team of experts that are available 24 hours a day to ensure mature software development.
As you don’t need to manage the project or resources and have a dedicated team doing it, outsourcing completes the project rapidly.
Many factors contribute to the faster completion of the project which includes:
1. Experienced developers.
2. Consistent project monitoring.
3. Regular work updates.
4. Availability of all the resources 24/7/365.
Scalability
In the initial phases of project planning and development, clients do not have time to think about the scalability aspect of the project. After some years or so, the requirement for project expansion becomes hard to incorporate. It is one of the primary responsibilities of the outsourcing company to take into consideration the scalability requirements in case the project needs to expand in the future.
Scalability is a common problem because the system is developed in a very complex way that does not provide any room for changes or to add more features. The system modules are highly dependent on each other such that change in one affects the performance of other modules.
The SaaS outsourcing companies are well-aware of SaaS development best practices that mitigate such challenges and provide full support for project expansion in the future. They help:
1. Define clear requirements to scale up the SaaS backend.
2. Plan scalability measures for the backend.
3. Find the most appropriate cloud computing service.
4. Design the right architectural design for the backend.
5. Choose the suitable technology stack for development.
6. Focus on key testing practices for seamless scalability.
Efficient Service Providers
Other than the SaaS project development phase, many other requirements need to be fulfilled. The outsourcing team has specialists in the field that know the entire product lifecycle and therefore give quality services within the stated time.
Outsourcing SaaS development allows you to:
1. Benefit from the experience and skills of talented software engineers.
2. Develop software based on the latest technologies.
3. Get a smooth software development service throughout its lifecycle.
4. Employ enhanced UI/UX design capabilities and software testing.
Developing Lightweight Solutions
Customer expectations and cutting-edge SaaS products are increasing competition in the SaaS market. It is crucial to take into account all the necessary KPIs when it comes to SaaS-based product development. For this purpose, the developers should know market dynamics, advanced technologies, and procedures to develop lightweight projects.
The outsourcing companies actively monitor the changing trends and requirements of the customers based on which the software development varies. They are responsible for:
1. Making the systems highly efficient.
2. Ensuring robustness in each module.
3. Providing enhanced security.
4. Developing the system lightweight enough to meet the expectations of end-users.
5. Guaranteeing optimized customer experience to achieve the goal of both customer satisfaction and profit maximization.
Lower Costs
SaaS outsourcing companies operate on highly cost-effective development packages. They help reduce the initial costs for software development and give high returns. Outsourcing companies have hands-on experience with the latest technologies, save your time, and cost for hiring experts. Outsourcing companies help:
1. Cut the cost of the building tool to more than half.
2. Eliminate the need for in-house equipment and resources.
3. Reduce the cost of your MVP (minimum viable product).
In a nutshell, SaaS outsourcing is becoming common due to its increased demand and diverse market. It brings endless opportunities and advantages for modern businesses. It helps organizations get a competitive edge, eliminate risks, and maximize revenue.
