The Micro SaaS Future is Bright!

Rick Gregg July 11,2024 What do you think?

The Opportunity

Software as a Service (SaaS) refers to the type of public cloud service that delivers software applications over the internet on a subscription basis. Users can access and use the software through web browsers without having to install or maintain it locally. SaaS eliminates the need for purchasing, installing, and updating software, thus offering convenience and automatic updates while allowing users to focus on using the software to meet their requirements. According to the October 2023 Statista Market Insights report “Software as a Service: Market Data & Analysis”, Software as a Service worldwide revenue is estimated to increase at a compounded annual growth rate (CAGR) of 16.1% to $282B in 2024.

What’s Micro SaaS?

Traditional SaaS companies create software products that offer many solutions and try to address a wide range of users or clients. Unlike a traditional SaaS company, a Micro SaaS company creates one product that solves one need for a specific market niche. It is a Software as a Service business targeting a niche market owned and operated by one person or a small team. These businesses are location-independent, high margin, and low-risk with predictable recurring revenue. Profits and business sustainability is prioritized over growth. It’s one of the most powerful lifestyle business models out there right now.

The saasmvp Project provides the essential components to launch a Micro SaaS fast with no fluff enabling you to discover your customer quickly and begin generating revenue in months instead of years. And, as the cost to deploy SaaS has come down, there are more opportunities to build valuable niche SaaS business models. Check out this Micro SaaS ebook by Tyler Tringas for inspiration and ideas. Why wait? Start starting building today! We can’t wait to see you succeed with saasmvp.