In simple terms, Software as a Service are internet or cloud-based application that provides service to the user with no need for local installations. According to Statista reports, currently, there are around 30,000 SaaS organizations across the globe and the market is expected to reach 700 billion USD by 2030.
Along with such a huge market base, the vulnerabilities and cyberattacks associated with SaaS applications are also huge in number along with the data value and volume of the information stored in them.