SaaS Product Ideas That have the potential for Booming In The IT market

Akshay Kumar KP
5 min readMay 5, 2022

SaaS(Software as a service), PaaS(Platform as a service), and IaaS(infrastructure as a service) are some methods of cloud software distribution that have lately swept the digital industry, and they are backed by some of the world’s largest tech corporations. These services are safe, adaptable, and low-maintenance, and they offer dynamic solutions to enterprises that require them at a lower cost than traditional methods. Software as a service or SaaS is one which we will go over in more detail here. Such services can also entertain the swift changes that the industry undergoes, so they have become incredibly popular.

What exactly is SaaS?

Unlike other types of software, consumers in the SaaS sector do not need to install anything offline in order to enjoy the product’s functionality. The SaaS service provider will take a fee from a business on a subscription basis and will be responsible for:

  • Maintaining the product
  • upgrading the product
  • providing security services

They will also provide the infrastructure required to develop your product.

Businesses can take huge advantages from using SaaS since they supply targeted clients and provide a way to earn recurring revenue with an increasing number of business ideas. The SaaS sector is going to be valued at almost $143.7 billion by the end of 2022, according to experts. Various sorts of SaaS solutions are emerging as a result of the increasing number of software firms transitioning to the SaaS model during the last decade and in the coming years. This article will focus on the different types of product ideas that SaaS can serve.

SaaS product ideas set to become popular in the market

Following are the many SaaS product development ideas that we predict are going to experience a boom because of the technology in recent years.

Content management

It is very important for company owners to deliver relatable, relevant, and meaningful information to their consumers. Thus software designed to do just that is used by a variety of firms for various purposes. Such software allow businesses to keep track of published material, changes, and statistics. Most of the content management software that businesses prefer tends to be SaaS-based and the major SaaS products that offer such services are Dropbox and Groove.

Tele healthcare

Tele-healthcare already has a sizable market. Due to the COVID-19 epidemic, it experienced considerably more demand. As a result, online consulting has become both useful and important. By 2026, the market is expected to be worth roughly $186 billion. Patients can consult specialists at any time from the comfort of their own homes using specialized software. BetterHelp, teladoc, and other SaaS based applications aid with convenient and accessible patient monitoring.

Market automation

SMS, emails, payments, and social media management tools may all be automated with software management packages. They may assist with strategic marketing as well as simplifying job processes, marketing strategies, and results. A marketing automation software SaaS product concept might give a range of solutions better than traditional software as it is connected to the network at all times, and does not often experience performance-related issues. SaaS products already utilizing this idea are Duel, Hubspot and others.

Video rendering and editing services

Adobe Photoshop and other editing and rendering software are all strongly dominant in the present industry, but they work offline and are facing competition from SaaS-based products. Modern real-time video editing and rendering, on the other hand, necessitates high-performing yet easy-to-use SaaS services. Not to mention, SaaS programs can upgrade fast and provide editors with the most up-to-date capabilities. The SaaS products already in the market generating revenue from these ideas are Keyshot, Veed, and similar software.

OKR trackers

The Objectives and Key Results (OKR) Tracker software organize work around the goals of the company. This is a relatively new SaaS product idea, and new businesses to utilize it in the industry have a lot of room to grow. Through the software’s trackers, dashboards, and visualization charts, businesses may effectively focus on their key performance indicators (KPIs). If you want to track real-time analytics, SaaS is a great option. Betterworks, SiSense, and other SaaS products are among the best in this category.

CRM software for freelancers

For freelancers, the customer relationship management(CRM) industry has a big earning potential. Because freelancers are responsible for all aspects of their job, from marketing to service delivery, this growing need has resulted in the development of several mobile applications in this industry. The CRM for freelancers is also on-demand, making it a fantastic match for a SaaS product proposal. The SaaS products that fulfill this need are Agile CRM, Dubsando and others.

Training for remote work

Today, companies provide a variety of SaaS applications to help with project management and remote work productivity. Devices for active interactions and messages are included in the SaaS product concepts for team training and communication. Furthermore, using online collaboration capabilities, SaaS software development aids communication, project management, and increased efficiency. Some SaaS products in this category are Trello, Slack, Mobilize and others.

Social media management

Every day, the average user spends about two and a half hours on social media. As a result, social media management software is a wonderful approach to engage directly with customers. Because it allows you to manage several accounts, an automated social media post scheduler is a very profitable SaaS product concept. However it is important to note that for things like social media management SaaS You should partner up with a good app development company. The SaaS products that function as social media for business are loomly, contentcal and others.

Conclusion

As you can see, SaaS products and services are showing no signs of stopping when it comes to the industrial IT markets in various places around the world. There are plenty of opportunities for companies that create SaaS software, provided that they do so effectively. A subpar SaaS product won’t sell well in the market as there is a lot of competition in the industry already. However to create such products one can partner up with a good SaaS development company like Nextbrain. The Toronto-based company has created Many different SaaS products based on different ideas for different clients, and continues to do so. Nextbrain also has its own UX/UI engineers who make sure that the UI is effective in such apps.

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Akshay Kumar KP

Akshay Kumar is an SEO Analyst at Nextbrain Technologies, having more than 5+ years of expertise in the IT profession. With a view to upgrading his skills,