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Top 80 SAAS Companies to Learn from for Fast Growth

Cheryl • How to Start a Business

Mar 05,2021 14 min read

top 80 saas companies to learn from for fast growth

Since the year 2019, the Software as a service industry has been witnessing increasing popularity amongst Fortune 500 companies. What started as a means of catering to the software needs of large corporations, has evolved to be able to accommodate various scales and types of business.

 

According to Gartner, the SaaS industry should be worth more than $120 billion in 2021. As a relatively new and interesting tech-driven market, lots of potentials abound as many startups are beginning to emerge in this market. People who want to switch service roles are now considering honing requisite skills and knowledge to work in the innovative SaaS industry. We consider the top 8 SaaS companies and the peculiarities of the SaaS business.

 

 

What Is a SaaS Company?

In deducing the SaaS company meaning, we consider each word that forms the term. SaaS is the abbreviation of Software as a service. SaaS companies render services to their clients via software. SaaS companies develop products that host and make client data accessible on any device via the Internet.

 

SaaS companies take the responsibility for hosting the software and rendering customer support services for the clients. SaaS companies utilize cloud hosting services to make data available to clients without the need for end-users to download any software before accessing data. The SaaS industry serves both B2B and B2C clients.

 

 

Pros and Cons of SaaS Companies

Like any other industry, B2C and B2B SaaS companies also have pros and cons which are peculiar to them.

 

Pros

1. Flexible Licensing: SaaS companies offer clients better pricing plans which suit clients need. Users need not purchase a license to download any software.

 

2. Manageable Software Versioning

Since the SaaS provider is the sole manager of the software, it is easier and more efficient to upgrade software versions.

 

3. Scalable: SaaS companies provide plans that suit specific business types and sizes. As a business grows, the SaaS services can also grow to accommodate the needs of the growing business.

 

4. Cloud deployment: SaaS businesses offer the opportunity to backup data and share data within the highly secured cloud environment. Clients can also control what type of data to share with others.

 

Cons

1. Longer sales cycles

Securing loyal clients for SaaS business takes more time and effort than many other businesses. It takes an effective marketing strategy to find leads and keep them.

 

2. SaaS business model is easy to replicate

There are many SaaS businesses due to lower entry barriers and accessible IT infrastructure. Pricing becomes competitive, so businesses can not have absolute control over the pricing of their services.

 

3. Security

Most clients are worried about the security of data stored on cloud servers. A breach in data security can mark the end of a SaaS business.

 

 

Top 80 SaaS Companies

Due to the innovative nature of the SaaS industry, we have many startups and well-established enterprises competing for a share of the huge market. Below is a list of SaaS companies you can find online.

 

1. Microsoft

2. SalesForce

3. Netflix 

4. Adobe Creative Cloud

5. Box

6. Slack

7. Google G Suite

8. Zendesk

9. Amazon Web Service SaaS

10. DocuSign

11. Cisco

12. Oracle

13. ADP

14. GitHub

15. HubSpot

16. ServiceNow

17. WorkDay

18. GoToMeeting

19. Atlassian

20. Twilio

21. Xero

22. Coupa Software

23. Xactly

24. Marketo

25. Zuora

26. Intuit

27. Sage

28. Adroll

29. Shopify

30. Bill.com

31. Eventbrite

32. Mulesoft

33. Splunk

34. PayChex

35. Cornerstone

36. FreshBooks

37. Domo

38. New Relic

39. Blackboard

40. Tableau

41. Act-On Software

42. Blackbaud

43. Cvent

44. SurveyMonkey

45. Veeva Systems

46. Druva

47. PieSync

48. Meistertask

49. GoodData

50. Teem

51. ServiceMax

52. Avangate

53. 2Checkout

54. Apptio

55. RingCentral

56. Okta

57. Intercom

58. Trackmaven

59. Dropbox

60. Insidesales.com

61. Mobinity

62. Square

63. Wix.com

64. Zoom

65. Veracode

66. Rapid7

67. MailChimp

68. Pipeliners CRM

69. Personio

70. Anaplan

71. DataBricks

72. Eloomi

73. Practical Ignition

74. Spendesk

75. ProofPoint

76. Bitnami

77. LogMeIn 

78. CodeSignal

79. Travelperk

80. KnowB4

 

 

8 Best Examples of SaaS Companies

Let's consider some top SaaS companies you can work with.

 

1. Salesforce

Salesforce is the most dominant company in the SaaS industry. As of 15th January 2020, Salesforce has a market cap worth about $161 billion. Salesforce is launched based on the customer resource management (CRM) template. Over time, Salesforce has expanded its services to include marketing, analytics, platform development, and social networking.

 

2. Shopify

Shopify is another top-ranking SaaS company that is built around commerce. A large proportion of e-commerce businesses use the Shopify templates. Shopify is a cloud-based channel that equips small and medium-scale businesses to sell their products both online and offline. Shopify can manage inventory for brick and mortar stores while it also runs the online store.

 

Tip: With the SaleYee Dropshipping Platform, you can easily start dropshipping on Shopify!

 

 

3. Square

Square offers cloud-based and offline point of sale (POS) services. Square can be used by all types of corporations and businesses that issue invoices. It also integrates with CRMs to allow the easy collection and use of data. Square is compatible with PC and all mobile devices.

 

4. Zoom

Statistics show that in Jan 2020, the Zoom market cap hit $20.99 billion. Zoom deploys its cloud-based hosting service to provide video conferencing for individuals and corporations. During the Covid-19 lockdown, Zoom became one of the most widely used video conferencing platforms.

 

5. Zendesk

Zendesk is among the best SaaS companies in 2020. It has a market cap of about $15 billion. Zendesk offers cloud-based customer services including billing, shipping, order tracking, and customer data management. Zendesk works with both B2B and B2C clients in its operations.

 

6. HubSpot

HubSpot is a cloud-based CRM tool. It works specifically for construction businesses having 10 - 1,000 workers. With HubSpot, supervisors can manage workflow and monitor projects assigned to workers. HubSpot CRM is available for both free and paid versions. HubSpot is worth over a $7.8 billion market cap.

 

7. Dropbox

Dropbox allows users to save and access files using cloud services. As a collaborative file storage platform, it allows easy sharing and editing of files among authorization users. The Smart Sync feature allows users to sync files with their mobile devices and PCs. With a market cap of about $7.7 billion in January 2021, Dropbox can influence the SaaS market fairly.

 

8. Wix.com

Wix is popularly known for its website-building platform. Wish also provides all-in-one online schedule services for B2B and B2C clients. Wix tools can be used by startups and already established businesses. The products are scalable to meet up the demands of a growing business.

 

 

Call to Action

We have explained what is a SaaS company. The SaaS model is an innovative and rewarding one that takes advantage of the latest technology. You can leverage this model to create the business you desire.

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