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What is Software as a Service (SaaS) and how does it work?

As more and more businesses move to the cloud, Software as a Service (SaaS) is becoming an increasingly popular way to deliver software. SaaS is a software delivery model where applications are hosted by the provider and made available to customers over the internet. Customers can access and use the application, typically through a web browser (desktop and mobile), while the provider manages the infrastructure and security.
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