SaaS companies have been on the rise as people adopted technology even more. You might have even encountered them during a regular day like the POS system in a grocery store or when you checked out an item using Stripe. The total spend on SaaS in 2021 was $152 billion. This is because SaaS companies help individuals and businesses offer services that only require a monthly subscription and an internet connection.
Software as a service (or SaaS) is a way of delivering applications over the Internet. Back then to get a full service, you will need to install software into your program to be able to use it. Nowadays, you can simply access it via the Internet without the hassle of complex software and hardware management at a better price. The SaaS industry is projected to experience its largest annual growth between 2021 and 2022, reaching a value of $171.9 billion by the end of this year.
No-code development has been growing alongside SaaS industry since 2015. With its visual programming, no-code has been able to make technology accessible to anyone who has an idea for SaaS. This also allows businesses to create minimum viable products or MVPs to test and gather data for a product faster and cheaper. Read on to know more about the SaaS industry and what can no-code do to grow it further.
99% of businesses use at least 1 SaaS product like Zoom and Salesforce in their business. According to a survey by Gartner, half of all companies using multiple SaaS applications will centralize management in the next five years. Eventually, they will centralize SaaS application management which includes usage metrics of these apps.
The potential for the industry is huge and if you have an idea, it’s a great time to try no-code SaaS to test it out. But what makes SaaS the best option for businesses big or small?
There is no capital expenditure that needs to be taken into account and you can choose what services your business will need.
Since they are available online, you can just go online and work anywhere at any device.
Most SaaS can be customized your business’ requirements like the number of people who need to use the system, the volume of data, and the access to services.
Users benefit from the security level that’s been set up for those with the highest need because of the shared nature of service.
Saas businesses provide frequent and timely improvements thanks to their scale. No need for costly maintenance visits that can even disrupt business operations.
As the SaaS industry grows, more people are interested to be part of it but either dont have the budget, feel it is unvalidated enough to invest in or have limited tech skills. No-code solves these problems and has been utilized to create innovative SaaS businesses such as Qoins, Makerpad and Switchboard.
Businesses are now developing SaaS integration platforms (or SIPs) for building additional SaaS applications. Saugatuck Technology, a research and strategy consulting firm, calls this the next wave in software adoption. The time when SaaS moves beyond standalone software functionality to become a platform for mission-critical applications.
Many startups consider #nocode as a great tool for starting their SaaS businesses. It is cost-efficient, can launch faster than traditional coding, and can iterate quickly as well. If you are thinking what SaaS businesses to do with no-code, here are some ideas to start with:
That is just the start and more business ideas can be no-code SaaS. Most startup founders also use no-code to create MVPs to test and validate their ideas. There are many ways you can build such as MVP as we discussed in one of our previous blogs, MVP Examples You Can do with No-Code. No-code platforms such as Bubble and Adalo have the ability to make MVPs of these tools.
There is also a new generation of no-code SaaS businesses called Micro SaaS. It's specially built for small businesses by an individual or small group of individuals. It takes on the traditional SaaS businesses and narrows it down greatly to a point where it becomes a targeted idea. Instead of talking to a general large market, you niche down and talk to a specific group. A typical micro-SaaS revenue would make an estimate of $10,000/month maximum. Usually, micro SaaS businesses started out as hobbies or side projects since they are not validated yet.
The strength of no-code since it allows people to become potential business owners with just a drag and a drop on the screen. What becomes important is the idea and the analysis of where to take the business next.
SaaS is expected to grow by 100% by 2026 as more businesses start from it and large-scale organizations utilize them to streamline internal processes. No-code will continue to grow as well with businesses adopting them as well, The forecasted growth and usage of both technologies are parallel and we can bet them to see more of them. The cloud approach can help companies develop end-to-end integrated solutions.
No-code enables potential SaaS founders to validate and launch ideas economically and quicker than traditional coding. No-code SaaS can help address critical business challenges in terms of productivity and efficiency.
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