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The term software as a service (SaaS), however, is commonly used in more specific settings: Software as a service essentially extends the idea of the ASP model. Two of the largest ASPs were USI, which was headquartered in the Washington, DC area, and Futurelink Corporation, headquartered in Irvine, California. ASPs provided businesses with the service of hosting and managing specialized business applications, to reduce costs through central administration and the provider's specialization in a particular business application. The expansion of the Internet during the 1990s brought about a new class of centralized computing, called application service providers (ASP). Such services included offering computing power and database storage to banks and other large organizations from their worldwide data centers. Starting in that decade, IBM and other mainframe computer providers conducted a service bureau business, often referred to as time-sharing or utility computing. 5.4 Collaborative (and 'social') functionalityД¬entralized hosting of business applications dates back to the 1960s.Gartner forecasted that software as a service (SaaS) remains the largest market segment on public cloud services and is forecast to reach $122.6 billion in 2021. SaaS has been incorporated into the strategy of nearly all enterprise software companies. SaaS became a common delivery model for many business applications, including office software, messaging software, payroll processing software, DBMS software, management software, CAD software, development software, gamification, virtualization, accounting, collaboration, customer relationship management (CRM), management information systems (MIS), enterprise resource planning (ERP), invoicing, field service management, human resource management (HRM), talent acquisition, learning management systems, content management (CM), geographic information systems (GIS), and service desk management. SaaS apps are typically accessed by users using a thin client, e.g. SaaS is considered to be part of cloud computing, along with infrastructure as a service (IaaS), platform as a service (PaaS), desktop as a service (DaaS), managed software as a service (MSaaS), mobile backend as a service (MBaaS), datacenter as a service (DCaaS), and information technology management as a service (ITMaaS). SaaS is also known as 'on-demand software' and Web-based/Web-hosted software. Software as a service ( SaaS / s Г¦ s/ ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. ( Learn how and when to remove this template message) ( November 2020) ( Learn how and when to remove this template message) Unreliable citations may be challenged or deleted. Please help this article by looking for better, more reliable sources.

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