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A company that allows you to license software monthly to use online is an example of a Software as a Service (SaaS) provider. SaaS is a model of delivering software applications over the internet, where the software is hosted and maintained by a third-party provider and accessed by users through a web browser or app.
In this model, users pay a subscription fee to access the software, which is hosted on the provider's servers. The provider is responsible for maintaining the software, upgrading it, and ensuring its availability and security. This allows users to avoid the upfront costs and complexities associated with installing and maintaining software on their own systems.
Examples of SaaS providers include Microsoft 365, Google Workspace, Salesforce, and Zoom.
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