The SaaS development market reached the $ 7.5 billion mark in 2021. And this number is only increasing with time. So, it is clear that this cloud-based technology is only going to grow. Do you know what this means? This means the SaaS industry offers a lot of business opportunities to earn millions or even billions of dollars.
Now, if you want to exploit the potential of the SaaS market with saas technology, what you need is a Software-as-a-Service application. Since 70% of all applications being used by businesses are already SaaS, this is the high time to get one for yourself.
In this blog, we shall be discussing the process to develop a successful SaaS application. So, hang around till the end of the blog.
10 Steps of the SaaS development Process
SaaS development isn’t all that simple, but it isn’t rocket science either. Now to simplify things, we shall be dividing the development process into 10 steps. And each of these steps shall be discussed in detail.
Therefore, let’s start with the very first step, which is:
Come up with an Idea
The very first step of developing a SaaS application is coming up with an Idea. Look at it like this, there is a problem that your application should be solving. Now, what is this problem that you want to solve?
While this isn’t a technical part of the SaaS development process, this is where it all starts. You might have a list of ideas and you can finalize one. Once this is done, we can move to the next step.
Market Research
Now that you have an idea, let’s gather some information from the market to cross-check its validity. While conducting a market audit, you can also look at the competitors, analyzing their weaknesses and strengths.
It is also recommended that you look at the reviews and feedback on the competitor’s app as it gives you an idea for improvement.
Nevertheless, with all the information gathered here, you can cross-check the idea. Then we can monetize it, in the next step.
Monetization
The primary goal of software product development or saas application is to earn money. But how exactly does a SaaS application generate revenue? Well, that is what we are going to look at in this step.
There are different monetization strategies that you can use. For instance, you can run ads, and promotions, follow a premium or freemium model, there are a lot of choices.
Tech Stack
Tech stack refers to the technologies used in SaaS application development. This covers programming language, saas development framework, etc. Now, choosing the right tech stack is very important since it can affect the speed, functions, and other areas of the SaaS application.
Choosing the right tech stack is one of the important things in SaaS application development. For the stack may not be changed later down the line,
Features
Features are considered to be the driving force of a SaaS application. Since we are providing Software-as-a-service, it is important that it has a good feature that complements its cloud-based nature and also appeases customer demand.
The SAAS Application Development Company will help you make a list of features or even develop a few unique ones. Once this is done, we can move to the other part of the SaaS app’s front end, which is:
Design
Design along with features forms the front end of the application. And it is this front end of the SaaS app that users interact with. This is the reason why you need a design that is easy to navigate, with the right color scheme, good to look at, and should also be compliant with features.
Again, a good developer will help you with the designing part as well. Selecting the right design is one of the most crucial steps. Because if your design doesn’t attract and engage customers, no matter how good the rest of the app is, it will be useless.
Development Process
Finally the development process. It is in this part that if SaaS application development the developers will be starting the coding work. They will combine the different components to make, what we call a SaaS mobile application.
Now, this is easily the most complex and time-consuming step of the process. In this part, all the heavy lifting is done. And when this is done, the app will be sent forward for…
Testing
A SaaS app needs to be tested before it is deployed in the market. The reason is that there is the possibility of bugs and errors being present in the app. And no one wants these bugs to make it into the market.
This is what makes testing a crucial step of enterprise product development. Here, the app will be deployed in the live environment, where it will be tested. Once the testing process is finished, the necessary changes will be made.
Read the blog- Great Software-Marketing for Successful Campaigns
Deployment
Now that the SaaS application development is all ready, it’s time to deploy it into the market. From now onwards can work and make its way to the top of the market. The deployment can be of a different kind based on the platforms and the client’s requirements.
However, our development process isn’t done just yet.
Maintenance
IF you want a cloud-based application to be successful, a good SaaS development isn’t enough. You will also need app maintenance services which will make sure the app is working fine and evolving to market demand.
This is an important step in making the app resistant to change and maintaining its success in the market. Whether you talk about chatbot development or any other kind of software, Maintenance remains a crucial step.
Top Advantages of SaaS Application
Now that we have looked at the entire development process for the SaaS application, some of you might be wondering why you should invest money in this product. And this is a rational question. Well, the answer is, that various advantages come with it. So, some advantages of the same are, as mentioned below:
- FASTER – One of the top advantages of SaaS applications is that they are incredibly fast. As opposed to other software, the SaaS is already installed on the cloud and the user can access it from there. One can say that this advantage comes with the cloud itself, but you get the gist of it.
- CHEAPER – Another benefit of SaaS apps is that they are considerably cheaper when compared to alternatives. Since this is something businesses look out for, this can be your reason to develop a SaaS app.
- SCALABLE – in the world of technology, scalability is a much-valued quality. And this is something that you get with SaaS applications. SaaS apps are incredibly scalable as per the need of the clients.
So, these are some of the advantages that come with SaaS application. If this is something you are looking for, SaaS might be just the choice for you.
Conclusion
Developing a SaaS app can present a number of business opportunities. As far as creating one is concerned, we discussed the 10 steps of doing the same. Now all you need to do is hire a SaaS development company and start working on your SaaS app.
