Meaning of the word SaaS in English

What does SaaS mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

SaaS

US /ˌes.eɪ.eɪsˈes/
UK /sæs/
"SaaS" picture

Abbreviation

a method of software delivery and licensing in which software is accessed online via a subscription rather than bought and installed on individual computers

Example:
Many businesses are moving to SaaS solutions for their operations.
Cloud computing has made SaaS widely accessible.