SaaS providers offer software applications that are hosted in the cloud and accessed via the internet. Instead of installing and maintaining software on individual computers, users can subscribe to these services, allowing for easier updates and maintenance. This model is popular among businesses for its flexibility and cost-effectiveness. These providers typically charge a subscription fee, which can be monthly or annually. Examples of SaaS providers include Salesforce for customer relationship management and Google Workspace for productivity tools. This approach allows users to access their applications from anywhere with an internet connection, enhancing collaboration and efficiency.