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SaaS

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Term Definition
SaaS
An abbreviation for Software as a Service, otherwise known as on-demand software. It is a delivery model in which the software and any associated data is centrally stored and hosted in the cloud. SaaS applications are typically accessed by users via their web browser. Compared to traditional software models with a perpetual license and up-front capex cost, SaaS is paid out of opex with a subscription fee.