Software as a service (SaaS), also known as software in the cloud, is increasingly penetrating the tech market. From education to finance, countless industries are implementing SaaS based solutions, and most of those industries are better because of it.
It isn't a mistake that the SaaS market has more than doubled its market growth over the past three years. The method of providing software with a subscription-based model over the internet is what users want. Cloud-hosted products provide low starting costs, internet-based accessibility, and give users consistent system upgrades.
In fact, 80% of end users in the United States prefer cloud-hosted and SaaS applications for communication and organization purposes. On top of this, Ironpaper predicts the SaaS market will reach a value of $164.29 billion by 2022.
While so many industries have adopted the cloud-based model recently, there are still a few industries that favor on-premise solutions-such as manufacturing.
This article will highlight why SaaS-based CAD is slow to be adopted, and why we think that will change soon.