SaaS is Becoming More Specialized
The SaaS ‘revolution’ was initiated by solutions that spanned various
industries. Products like CRM, ERP, web hosting, and e-commerce can
be easily implemented by almost any kind of company, and it was that
versatility that propelled its initial growth. This model is known as
horizontal, and has been leading the pack until now, but the vertical
solutions are getting their spotlight in 2024.
These represent the other end of the spectrum: SaaS tools designed for
niche industries and needs. IBM's Genelco which was designed for the
insurance sector is a good example of a vertical SaaS tool. While not new
(Genelco has been around for 35 years), these solutions are seeing a
resurgence of sorts due to a saturated market of more generic tools.
As time goes on, SaaS products will only become more specialized, and
better at addressing the specific needs of markets and industries.
10
The Top 85 SaaS Tools of 2024
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