What does SaaS mean?

The term SaaS stands for Software as a Service. SaaS is an evolution of an application that runs on the web. You can either pay a subscription fee or access it for free.
Prior to the use of SaaS products, you would have to purchase a product, install it and pay a licensing fee each year or pay a one-time upfront cost. The SaaS model moves everything to a subscription service so that you can pay to continually use that product.
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