Software that is owned, delivered and managed remotely by one or more providers. The provider delivers software based on one set of common code and data definitions that is consumed in a one-to-many model by all contracted customers at anytime on a pay-for-use basis or as a subscription based on use metrics.”
In simpler terms, SaaS is a way of using software applications over the internet without needing to install and manage them on your own devices or servers. The software provider takes care of all the underlying infrastructure, maintenance, and updates, and you typically pay for the service on a subscription or usage-based model.
