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Software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted
Software as a service (SaaS) is a form of cloud computing in which the provider offers the use of application software to a client and manages all the physical and software resources used by the application. The distinguishing feature of SaaS compared to other software delivery models is that it separates "the possession and ownership of software from its use". SaaS began around the turn of the tw... Wikipedia