Term Main definition
SaaS - an acronym for Software as a Service - is a software delivery method wherein a company's data is stored online and accessed via any web-connected device. SaaS vendors host and maintain the servers, databases and code that controls the data, in exchange for a monthly or annual subscription fee. Organizations use SaaS because outsourcing data storage in this fashion is typically much cheaper and hassle-free than doing it on-site.

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