Software-as-a-service (SaaS) companies host their applications in the cloud and charge recurring fees, usually through monthly or annual subscriptions or usage-based pricing. Instead of installing software, businesses and consumers use these tools in a browser or app. SaaS covers customer management, HR and payroll, design, collaboration, data analytics, IT operations and more. Recurring revenue can make these businesses more predictable, though growth and valuations can shift quickly, especially as AI reshapes how software is built and sold.
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