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26 SaaS Application Ideas for a Profitable Product in 2024

In the dynamic landscape of modern businesses in 2024, software as a service (SaaS) applications are transformative tools, reshaping the way companies operate and interact with technology. These cloud-based solutions offer a unique paradigm, providing remarkable flexibility, scalability, and accessibility.

That is why the demand for SaaS solutions that tend to be more cost-effective has risen markedly. And we believe that it is better to ride the SaaS business wave now rather than regret missed opportunities later.

So, we have prepared for you a list of SaaS product ideas that will be an excellent deal for cloud-based solutions for startups in 2024.

SaaS products as a good idea for startups

Startups face challenges, especially during economic downturns, but there's a bright spot: software as a service (SaaS) products.

Why does SaaS work in tough times?

SaaS products are great for startups during tough economic times. Unlike traditional software, they don't need a lot of money upfront. This flexibility helps startups handle financial uncertainties better.

In a recession, businesses want to save money and work efficiently. SaaS products are perfect for this. They offer flexible solutions for customer management and project coordination without expensive setup costs.

Why does detailed market analysis matter?

During a recession, it's crucial for startups developing SaaS products to study the market well. This means understanding what people need and what's missing. Knowing the economic situation, industry trends, and what customers struggle with helps create SaaS solutions that survive and do well in tough times.

Market analysis is not just for product development - it also helps set the right prices. In a recession, businesses and customers watch their spending closely. Startups need to find the right balance between affordability and value. Good market research ensures that the prices of SaaS products match what the market expects, increasing the chances of people using them.

In-depth market analysis also lets startups find niche markets with less competition. This focus helps startups position their SaaS products well, giving them a better chance of success, even in tough economic times.

Opting for SaaS applications is a strategic move laden with benefits in startup endeavors. These cloud-based solutions offer startups many advantages, from cost-effectiveness to operational efficiency. With the power of SaaS applications, startups can streamline their processes, enhance collaboration, and scale their operations efficiently.

According to Statista research, in 2023, the SaaS market is valued at about $197 billion and is expected to grow to $232 billion in 2024. SaaS apps operate in the cloud and can be used on computers and mobile devices, as well as through a web browser. It means that the demand for SaaS products will only increase. Furthermore, SaaS will become one of the best business models in the coming years.

SaaS end-user spending worldwide 2015-2024

In fact, software as a service (SaaS) technology is not a newcomer in the world tech landscape as it reached mainstream adoption over twelve years ago. This brings enormous benefits associated with network effects that generate nearly 70% of value in the digital market world.

Let's find out what the network effects are and why they are so valuable, especially for new SaaS startup ideas.

A network effect is a mechanism according to which the value a user derives from a service depends on the number of its users.

The correlation here is easy to grasp. The more customers your SaaS startup ideas attract - the more value a particular user gains thanks to the direct network effect. Also, there are indirect network effects that motivate non-users to try SaaS products.

It may sound complicated, so we have prepared an illustration of how good ideas for startups grow. Below, you can see the network effects explained in the example of the SaaS ecommerce platform.

Network effects explained

Essential SaaS benefits leading to mainstream SaaS adoption

The median SaaS startup ideas bring their owners an average number of approximately $10M ARR (annual recurring revenue) in slightly over five years. That is why SaaS application ideas are trendy among startup owners.

The SaaS market provides scalability and growth for businesses and delights customers. In our detailed guide on how to build a SaaS product, we have discussed the benefits of the SaaS model for users.

Now, let’s go through the main advantages of cloud-based solutions for startups that bring profit to new startup ideas creators.

Greater business agility

Business agility is the capability of a company and its new startup ideas to adjust well to the business environment changes. According to the study conducted by AbsolutData, this characteristic makes businesses more competitive.

The SaaS industry is well-known for being a cost-effective domain, boosting operational efficiencies. Subscription-based software allows one to use it as needed and switch between providers if required. SaaS also relieves businesses from the need for software updates and monitoring. Thus, companies can focus on better productivity and standing out in a competitive world.

Better scalability

This point is by far the most referenced benefit of the cloud-based solution for startups. Obviously, it gives the strategic ability to scale your business online with your startup’s growth. But also, the SaaS app development services allow for tactical resource allocation due to the elasticity of cloud computing power.

Improved on-demand scalability in SaaS solutions is one of the characteristics that reduce the costs associated with your product. If you want to learn more about the expenses you should bear in mind when launching a software as a service product, you can turn to our thorough article on how to calculate the cost to build a SaaS app. The right planning helps great ideas for startups to turn into profitable products.

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Location independence

When developing your SaaS application ideas, you may target any audience you can think of, depending on your resources. This approach encourages you not to rely on traditional ways when implementing the best ideas for startups.

The SaaS model allows you to hire professionals from anywhere around the world where there is the Internet. Such specialists can work on developing an app remotely without the need to stay at the office.

Many SaaS firms of all sizes operate in a fully remote mode - Zapier, Hubstaff, Buffer, and Basecamp. By the way, did you know that Basecamp was the first-ever application built with Ruby on Rails?

Read also: The Future of SaaS: Top SaaS App Development Trends for 2024

Now that we have discussed the benefits of the SaaS approach. We invite you to look into the best SaaS startup ideas. So, let’s proceed to the dozen top SaaS application ideas that will bring you profit in 2024.

Top 26 SaaS product ideas to boom in 2024

Why do certain new SaaS startup ideas turn a lot of profit, and some just fail? Many startups fail simply because the ideas for business startups do not bring the interest of the target audience or prospective investors.

Now, let’s discover what SaaS application ideas are ready to bloom in 2024.

1. Micro-SaaS

Time is money - micro-SaaS can help a user save both. The micro-SaaS solution trend has emerged as a smaller version of an existing SaaS product. So, you take the classic SaaS business platforms and shrink them considerably to the point where they become “micro.”

Such an approach for SaaS startups is not only affordably priced but also scalable enough. If the first iteration of your product takes over 6-8 weeks of development, you need to reimagine your micro-SaaS idea.

Micro-SaaS fills a missing feature or disables things users may find irrelevant in exchange for a reasonable sum of money. In the crowded market, micro-SaaS businesses address a particular niche or a problem. This is why micro-SaaS stands among the great ideas for startups.

Linkody is one of the micro-SaaS examples that targets to meet customer needs in a better way. It is a backlink tracker designed to find and build links to websites. There are various metrics that give you an idea of the general health of your backlink profile and what impact may have Google's ranking factors on it.

Once you sign up for Linkody, the dashboard shows you the overall data of your site's SEO (search engine optimization) metrics. Furthermore, a report from Linkody depicts Moz’s score for each link that points to your page. Founded in 2012, this micro-SaaS business currently has $150K in revenue.

SEO backlink tracker

2. E-learning and training

The digital era demands advanced e-learning solutions. A comprehensive SaaS platform integrating interactive content, personalized learning paths, and real-time assessments could redefine the future of education.

Such a platform caters to diverse learning styles, offering educators and learners an immersive, engaging experience.

EduConnect, a leading SaaS e-learning platform, has transformed traditional teaching methods. With its AI-driven modules and personalized learning paths, EduConnect boasts a 30% improvement in student engagement and a 20% increase in learning outcomes.

EduConnect e-learning plaform

3. NFT marketplaces

Nowadays, NFTs (non-fungible tokens) have received growing popularity. Some NFTs were sold for millions of dollars. So, one of the best SaaS product ideas for 2024 is to create an NFT marketplace platform.

An NFT is a unit of data that creates a digital embodiment of any unique item. For example, it can be paintings, photos, videos, music, and gifs. Simply put, any content with at least some uniqueness is valid for this business model.

Developing an NFT SaaS-based marketplace will help support art and spread the word about unknown artists. Also, the NFT platform itself assists in generating new, unique tech solutions for the business. So, this is one of the best SaaS ideas.

OpenSea is the world's largest NFT marketplace platform by the total value of digital assets. More than 121 million users per month visit this platform. Furthermore, based on one of the top SaaS ideas to make money, from January 2022, the company raised $427 million in new venture capital. Nowadays, OpenSea is valued at over $13.3 billion.

OpenSea NFT platform

A peculiarity of OpenSea is a wide variety of categories. Popular groups include sports, art, and projects from well-known artists. Also, users can buy NFT as a 3D object, audio, or domain name.

Further reading: NFT Marketplace Development: What Is It and How Much Does It Cost?

4. Investing tools

After the pandemic, many people realized the importance of investing because this approach can protect the budget against inflation. However, it is a common problem for investors to decide whether a company's current valuation is a bargain to acquire. So, one more domain for implementing profitable SaaS ideas for 2024 is the investment field.

Stock market valuation applications help predict expected growth rates, risk-free rates, and dividends. Thus, traders and investors can analyze previous trades to improve them in the future. Such analysis will be easy, thanks to the accumulated experience recorded in the application. is a leading investment platform with a SaaS business model that helps investors view real-time data, charts, stocks, forex, indices, and currency quotes. It also provides access to technical analysis, financial news, and analytics. as a SaaS idea

5. Social media management

In 2023, social media usage accounted for 15% of people’s waking time, reaching 2 hours and 24 minutes daily. That is why social media posts are a great way for SaaS businesses to get a cost-efficient promotion by interacting with the audience. This field produces many profitable SaaS product ideas for 2024.

Social media management software streamlines workflow by covering many social media in one place. Such tools ensure the content is delivered timely to the right audience due to scheduling. You can also measure your social media return on investment (ROI), run social media ads, and get convenient reports. Thus, SaaS startups can successfully use the social media management idea.

Hootsuite allows users to manage multiple social media accounts efficiently, schedule posts in advance, and analyze performance metrics. With Hootsuite, SaaS startups can easily guide the dynamic world of social media, ensuring their content reaches the right audience at the right time, contributing to the overall success of their marketing strategies.

Hootsuite: SaaS social media platform

6. Video rendering and editing

In today’s world, digital marketing is experiencing a spectacular boom. As of 2023, 86% of businesses use video as a marketing tool, as video content is the most significant traffic booster. Real-time rendering is great for boosting businesses’ online presence, and this field is not so widespread yet. However, it is only a matter of time since video rendering technology solutions for startups are considered among the top SaaS application ideas.

The market here is represented by large companies like Adobe, Nvidia, Autodesk, and many others. Here, the SaaS software applications are created for professionals; thus, the rates are high, and the pricing models are not so flexible.

Video rendering is one of the most resource-demanding computer processes, especially in real-time. Many non-professional video editors find it challenging to render media using professional software. That is where video editing and rendering SaaS idea comes into play.

HitFilm is one of the best video editing software for beginners in 2024. It comes with animation tools that make editing audio and video transitions easy without using composite shots, saving you a lot of time. HitFilm also has cool 3D effects that work well for films, music videos, and YouTube videos. Even better, it offers features you'd usually find in paid video editing software, such as 360-degree editing and a library of special effects.

Video editing SaaS platform

7. Cybersecurity and data privacy

As cyber threats grow, the next SaaS idea for 2024 is robust cybersecurity and data privacy solutions. A SaaS product integrating advanced threat detection, encryption, and real-time monitoring could be a game-changer for businesses navigating the digital realm.

Safeguarding sensitive information and ensuring regulatory compliance, such a platform is indispensable in today's threat landscape. This provides a comprehensive and proactive approach to cybersecurity that empowers businesses to stay one step ahead of evolving digital risks.

CyberGuard, a pioneering cybersecurity SaaS platform, has seen a 40% reduction in security breaches for its clients. This platform's real-time monitoring and adaptive threat response have positioned it as a leader in the industry.

CyberGuard cybersecurity SaaS

8. Content planning

Content strategy creation is a thoughtful and time-consuming process. Content marketing has become more crucial for 76% of enterprise marketers. Thus, the demand for SaaS product ideas in content planning is ever-increasing.

Content planning platforms help in creating, planning, producing, and analyzing content. This management software provides marketers with tools for content research, optimization, and distribution. Thus, marketers can reach their audience through different channels, such as blogs, podcasts, video platforms, social media, and community posts. Hence, it is one of the viable SaaS business ideas for your startups.

CoSchedule is a SaaS-based platform for content planning, organizing, and tracking. Furthermore, CoSchedule has a helpful "Top Content Report" showing how much people share and engage with your content. It's great for content creators who want to know which pieces connect best with their audience. This puts CoSchedule among the most successful SaaS startup ideas brought to life.

Content planning SaaS startup

9. Supply chain visibility and optimization

Optimizing supply chain management is a perpetual challenge. A SaaS solution providing end-to-end visibility, predictive analytics, and optimization tools can streamline operations, empowering businesses to make informed decisions.

This platform reduces costs and enhances overall supply chain efficiency through data-driven decision-making. So, businesses can proactively identify bottlenecks, reduce risks, and enhance collaboration across the entire supply chain ecosystem.

SAP Integrated Business Planning (IBP) is a transformative force that reshapes how organizations navigate complex logistical networks. Renowned for its advanced features and seamless integration capabilities, SAP IBP has become a beacon of efficiency for businesses seeking to optimize their supply chain processes.

SAP IBP SaaS platform

10. Virtual assistant

AI (artificial intelligence) virtual assistant for businesses is a program that interprets and uses human language to engage customers. Notably, global AI assistant users have reached 42.1% of the US population. This number is predicted to grow and reach 45.4% of the US population by 2026. Thus, this field is waiting for SaaS application ideas that will develop conversational commerce.

Good SaaS product ideas for virtual assistants improve customer experience and reduce costs. Also, such software as a service ideas can handle team scheduling, planning resources, or measuring employee engagement. At the moment, the capabilities of virtual assistant software are still subject to exploration for SaaS startups.

Conversica is a leading SaaS provider of AI virtual assistants. Conversica captures, scores, and manages leads for sales and marketing teams. Being one of the most powerful SaaS application ideas, Conversica raised $132 million in total funding.

AI assistant SaaS solution

11. Chatbots

It is well-known that chatbots are software that can automatically understand customers' queries and give quick answers. Nowadays, chatbots are becoming an integral part of customer service because they enhance customer support. Thus, it is another one of the top SaaS ideas for 2024.

The central part of customer support responsibilities on the website or app can be automated with a well-designed bot. So, by having a chatbot on the website, entrepreneurs let their clients know they will receive answers to their questions anytime. This SaaS business model will be promising in 2024.

At Codica, we integrated a chatbot for creating job descriptions in a platform for HR specialists - Using AI and Weaviate, a vector database, the chatbot helps HR professionals compose valid job descriptions quickly. Recruiters can choose from auto-complete suggestions and receive a ready-to-post job description on popular websites, all in line with industry standards.

SaaS-based chatbot solution

12. OKR tracking

OKR stands for objectives and key results and is a system of goals that creates alignment and engagement around the company goals. Emerged recently, this domain offers great opportunities for SaaS startups.

As remote working is increasingly adopted among companies, it is vital to ensure that the team streamlines their work. Also, the company’s business goals must be transparent and clear to employees. OKR systems help to reach those objectives.

OKR tracking software, with its great SaaS product ideas, helps focus on a company's goals and measure the results. Also, OKR trackers provide regular reports and dashboards to visualize the progress. In such a way, OKR tracking solutions keep teamwork visible and measurable.

Aligning the team’s work is also essential for us at Codica. That is why we created time tracking software that monitors and helps tune the development workflow. TimeBot allows project managers to monitor workloads and plan tasks for the team. Thanks to this tool, we improved performance and speed in fulfilling assignments. Also, our experts connected our TimeBot for Slack to Trello, simplifying time tracking.

Timebot app by Codica

13. CRM for freelancers and enterprises

The CRM (customer relationship management) sphere provides a wealth of profitable SaaS product ideas. CRMs help freelancers and companies handle communication with their clients and prospects. Businesses can provide services and support to them throughout the relationship lifecycle. A CRM helps to keep the data on the connection with clients, such as emails, contacts, sales, payments, and productivity analytics.

CRMs are increasingly popular. The CRM market is projected to reach $131.9 billion by 2028. So, this SaaS idea promises revenue gain.

By using a CRM, freelancers and businesses get a convenient way of tracking customer interactions. Freelancers and enterprises get analytics, email marketing, time tracking, and reporting tools in the CRM system. Thanks to this, they get a better focus on reaching their business goals.

Brevo is a cloud-based digital marketing platform that provides CRM and marketing automation. Founded in France in 2012, this SaaS solution is a world-leading digital marketing platform now. It helps freelancers and enterprises to reach clients through many channels like emails, push notifications, live chats, and WhatsApp campaigns. The software also assists you in tracking your progress with AI-based analytics.

Freelance CRM SaaS solution

14. Accounting and financial transactions

The next among our 26 best ideas for startups is SaaS accounting software development. It is an application that records, processes, and reports the financial transactions of a person or a company. The SaaS product ideas in accounting are not so new. However, the demand for such software and fintech startup ideas is still high.

Accounting software offers inventory and tax management, payroll system, financial reporting, and analytics. Top startup ideas in accounting software track and organize your financial data and provide an accurate look at your finances.

Daxko is a SaaS-based company that provides operations and financial management solutions. The SaaS application idea that allowed to create the Daxko accounting product raised a total amount of $8.3 million.

SaaS-based financial management solution

15. Auto parking

Surely, finding a place to park, especially during peak hours, can be a tedious task. Therefore, one of the profitable SaaS ideas is to develop an application that will assist with the parking process. By the way, low competition in this area is an advantage. So, you can safely use this one of the best SaaS ideas for 2024.

Parking apps enable companies to manage the parking space and optimize the influx of cars. This contributes to the safety of vehicles and people. By using such services, car owners can reserve a parking spot in advance. So they can be sure that the spot is available when they arrive.

Parklio emerges as a cutting-edge solution in auto parking, redefining how we approach and experience parking spaces. This innovative technology introduces smart parking barriers that seamlessly integrate with the digital era, providing users with enhanced control and convenience. Smart parking solutions, like those offered by Parklio, have shown a 20% increase in parking space utilization efficiency, significantly reducing congestion and streamlining the overall parking experience.

Parklio: advanced solution in auto parking

16. Remote sensing and environmental monitoring

With an increasing focus on environmental sustainability, remote sensing and environmental monitoring take center stage. A SaaS product offers real-time data analytics, satellite imagery, and predictive modeling. This can empower organizations to make data-driven climate monitoring and natural resource management decisions.

These platforms become instrumental in fostering a sustainable future by providing actionable insights through advanced data analysis. Moreover, they enable companies to address environmental challenges and implement effective conservation strategies proactively.

EcoVision, a leader in environmental monitoring SaaS, has aided governments and organizations in making informed decisions. Using real-time data and predictive modeling, EcoVision has contributed to a 20% reduction in carbon emissions for its clients.

EcoVision environmental monitoring platform

17. Email delivery

The next one of the software as a service ideas we will consider is the email delivery service. SaaS software ideas can help users manage and organize email for individuals or organizations. It is intended for those businesses that receive and send many emails per day.

Emailing is an essential channel for building a business. For example, the email marketing return on investment (ROI) is still high. With every $1 spent on email marketing, marketers receive $36 in return.

SaaS companies create these software services to help manage different types of emails. For example, these can be shipping notifications, email newsletters, or sign-up confirmations. Businesses and SaaS startups can use these solutions to deliver emails, manage campaigns, or interact with their audience. Additionally, these apps can enable users to track email opens, spam reports, unsubscribes, and bounces.

Mailchimp is a reliable tool for sending emails. It's great for businesses trying to reach their audience. The platform uses innovative technology to ensure your emails not only get to the inbox but also grab your readers' attention.

So, Mailchimp is easy to use, even for small businesses. You can create exciting email campaigns, organize your audience, and even test different versions of your emails to see what works best.

SaaS-based email delivery solution

Mailchimp is good at making sure your emails get delivered. It has a 95.5% success deliverability rate, which is even better than most others in the industry. So, when you send out your well-crafted messages, you can trust that they won't just get lost in the digital world.

18. Fleet management and logistics optimization

Efficient logistics and fleet management are critical for businesses reliant on transportation. A SaaS solution that integrates GPS tracking, route optimization, and predictive maintenance can revolutionize fleet management, enhancing efficiency, reducing costs, and minimizing environmental impact.

These platforms streamline operations, ensuring optimal resource utilization and minimizing the ecological footprint of transportation activities.

FleetOptics, a cutting-edge SaaS for fleet management, has seen a 25% increase in delivery efficiency for its clients. By integrating GPS tracking and predictive maintenance, FleetOptics has become a go-to solution for companies aiming to optimize their logistics operations.

FleetOptics fleet management platform

19. Password manager

Each mobile user has an average of 80 apps downloaded on their device. It means an average will need to remember at least 80 login credentials. Obviously, using the same password for every site is risky. That’s because if one application database gets hacked, connected accounts with the same password can also be hacked. So, this field requires good SaaS business ideas to solve the problem of secure password storage.

A password manager solves the problem with password protection and storage. It helps users create and remember a unique password for each account. Then, using two-factor authentication or Google Authenticator, users can protect the main account.

Bitwarden is a password generator and manager. It saves users’ passwords and personal information in a secure storage location. Also, this app has enhanced customer service and made the customer experience on the Internet safer and more accessible.

Password manager SaaS app

20. Podcast hosting platform

The podcasting industry is experiencing remarkable growth, and a SaaS platform tailored for podcast hosting and management is poised for success. This platform empowers content creators to reach wider audiences by offering features like analytics, monetization tools, and collaborative editing.

The podcast platform provides podcasters with the tools they need to grow their audience, monetize their content, and streamline production.

Libsyn, a trailblazer in podcast hosting platforms, has revolutionized how content creators share their stories and engage with audiences. Through its innovative features and user-friendly interface, Libsyn has become a cornerstone for podcasters looking to seamlessly guide the complexities of the digital audio landscape.

Libsyn podcast hosting platform

21. Personal habit tracking

Why is this SaaS startup idea worth developing? Because habit trackers are universal and in demand across various demographic groups. So, it will not be too complicated to find an audience who will use this SaaS product. Also, the competition in this field is not very high yet. And, of course, developing a helpful habit is always a good idea. Habit trackers allow users to track anything they want. For example, how many times per month did they go to the swimming pool or do yoga? To summarize, it's a powerful way to develop yourself, see personal progress, and achieve goals.

Habitify is a habit tracker, one of the SaaS examples that helps users build new habits. How? This app allows users to create a list to set up habits. Moreover, the Habitify platform has a tab that lets users see their progress.

Habitify habit tracking solution

Also, it sends notifications to remind users to do everyday valuable actions. This solution generally helps users be happier, healthier, and successfully achieve their goals.

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22. Employee engagement

The next SaaS idea for 2024 is creating employee engagement applications. Many businesses are turning to engagement apps because they bring benefits when interacting with employees. Employee engagement software helps receive feedback from the team and recognize their success. Such software solicits positive activities that improve the wellness of employees in the company.

Using employee engagement tools can lead to enhanced company culture. Such an app can improve human resource management and lead to a better understanding of employees. For example, a business owner can track how the company culture changes. Thus, they can identify trends and take measures before problems become more serious.

Culture Amp is a SaaS company that provides tools for getting feedback from employees. Based on the feedback received, a company can optimize resources and workflow in the team. Furthermore, this one of the SaaS ideas assists in identifying the most capable employees. Thus, the employer can reward them, which will lead to increasing worker engagement.

Employee engagement SaaS app

23. Marketing automation

Poor marketing strategy remains one of the most widespread reasons why even great ideas for startups fail. You can use this for your benefit and develop marketing technology solutions for startups. This field is ready to welcome good SaaS product ideas that facilitate different aspects of marketing and brand advocacy for business owners.

Marketing automation SaaS helps you track ad activities, get marketing analytics, and handle video content. Thanks to the data from marketing automation tools, marketers can reach clients and prospects through the proper channels and at the best time.

Marketing automation software streamlines marketing workflow. Also, it measures the results of marketing campaigns. Such SaaS platforms automate many aspects, including email and social media management. The development of such software is considered to be one of the best ideas for startups.

There are marketing automation giants, such as HubSpot. Still, SaaS developed for a particular niche will also provide a great user experience.

Duel is a marketing automation SaaS startup that handles referral and social media marketing.

SaaS app idea for marketing automation

Research on organic growth phenomena allowed Duel and its great SaaS startup ideas to raise £4.3 million through seed investment.

You may also like: The Best SaaS Startups for Your Inspiration in 2024

24. Telehealthcare

Telemedicine allows healthcare specialists to consult their patients online. For numerous countries, the COVID-19 pandemic has been a catalyst, accelerating the uptake and expansion of telemedicine services. At that time, the task was to reduce the number of patient trips to medical institutions to minimize the probability of infection.

Telehealthcare apps also streamline hospital work by handling routine tasks. As healthcare apps manage patients’ sensitive data, companies follow standards, such as HIPAA, and ensure the needed SaaS security. That is why telehealthcare is gaining momentum in the post-COVID world nowadays.

According to Grand View Research, the global telemedicine market’s size is projected to reach $380.3 billion by 2030. This makes telehealthcare a fertile ground for profitable SaaS application ideas for business startups.

Telehealthcare software brings accessibility and convenience for both doctors and patients. This software uses such tools as live and stored video conferencing, remote patient monitoring, and mobile health. Also, such solutions include great appointment scheduling software. So, a healthcare app is a profitable business model for SaaS companies.

BetterHelp is the largest health e-counseling platform that connects patients with accredited therapists. Teladoc Health acquired this startup for $30 million, making BetterHelp one of the most profitable SaaS product ideas.

Telehealthcare SaaS app for startups

25. Property management

One more domain for innovative SaaS ideas is the property management field. Property management SaaS solutions focus on simplifying connections between property managers and renters. Notably, many startup companies have adopted property management SaaS solutions in recent years. This software has become famous for potential users who want to rent and manage property online.

Property management solutions help real estate professionals and lessors track property leases and maintenance. Also, this software helps manage different residents' tasks. It assists in collecting rent and managing finances. As a result, users and business owners can save costs and streamline operations.

One of our works is a real estate SaaS that allows one to list and view real estate property. With our custom enterprise software development services, we created this portal that connects homeowners, agents, and tenants who can communicate via the platform. A distinguishing feature of this SaaS solution is 3D tours that present the full virtual view of the listed property.

Below is a video that outlines the basic functionality of this SaaS platform.

26. Low code platform

In fact, low code is an approach that allows you to create apps with minimum use of code. For this, you need a visual interface with drag-and-drop functionality. Though the approach does not replace custom coding, it can assist users and business owners create apps with ready components. They include base-level code, user interface components, scripts, and integrations. Research and Markets forecast that the low code platform market will reach $190,792.6 million by 2030.

Developers and non-developers can use low code for rapid application development for mobile devices. Thus, companies can get their apps done quickly and with lower costs. At the same, the low-code solutions can be tailored to individual companies' needs. So, this business idea promises revenue in 2024.

Ninox is a SaaS low-code platform for creating tailored database applications. The platform allows you to use low-code tools, such as built-in templates and drag-and-drop formulas. So, users can connect databases according to their business needs. In total, the company has raised $11.4 million in funding.

Ninox low code SaaS platform

Costs associated with developing a SaaS application

Developing a SaaS application involves various costs that businesses must consider to ensure a successful and sustainable product. The cost to develop a SaaS application can be broken down into several key components:

  • Development team;
  • Technology stack;
  • Design and user experience (UX);
  • Testing and quality assurance;
  • Integration and customization;
  • Security measures;
  • Deployment and maintenance;
  • Regulatory compliance;
  • Marketing and user acquisition;
  • Scalability, and more.

Drawing from our experience, we've created a table below to give you a rough idea of the cost of building a SaaS app. We've used an hourly rate of $50 as an example, but remember that the actual cost depends on your project's specific features and scope.

Сosts to build a SaaS platform
FeaturesTime, hoursCost, $50/hour
UX Development72 hours$3,600
UI Development128 hours$6,400
Project setup48 hours$2,400
Database structure32 hours$1,600
Payment (Stripe or PayPal)80 hours$4,000
Main functionality
Authorization and security72 hours$3,600
User profiles42 hours$2,100
Home page84 hours$4,200
Search and filters96 hours$4,800
Reviews & ratings64 hours$3,200
Payout42 hours$2,100
Notifications48 hours$2,400
Messenger96 hours$4,800
Geolocation feature48 hours$2,400
Managing listings64 hours$3,200
Booking system64 hours$3,200
Property page96 hours$4,800
Admin panel96 hours$4,800
Guests panel84 hours$4,200
Hosts panel84 hours$4,200
Non development activity
Project management96 hours$4,800
Quality assurance120 hours$6,000
Code review48 hours$2,400
Total1704 hours$85,200

Each of these factors contributes to the overall value proposition of the SaaS product ideas and its ability to meet the needs of users and businesses alike.

Codica’s experience in building SaaS solutions

Our experience in custom software development services includes SaaS projects. We build SaaS apps from scratch with a view of customers’ business needs. Also, we optimize existing SaaS if a client wants to make changes or move data from hard to cloud storage.

Here's a step-by-step insight into our methodology to avoid any SaaS challenges.

Product discovery and plan

Our journey of delivering the best SaaS ideas begins with a deep dive into product discovery. We conduct thorough market research, identify user pain points, and analyze competitors to shape a unique value proposition. With these insights, we formulate a detailed plan outlining the app's features, functionality, and user experience.

Below is a video about product discovery in more detail.

SaaS app monetization model

Choosing the right monetization strategy for your SaaS ideas is crucial. Codica works closely with clients to determine the most suitable model for their SaaS app, whether subscription-based, freemium, or a tiered pricing structure. We aim to align the SaaS monetization strategy with the product's value and market demand.

SaaS app tech stack

Selecting the appropriate technology stack is a pivotal decision. Codica experts employ the latest and most robust technologies, ensuring scalability, security, and optimal performance. Our tech stack is tailored to the specific requirements of the SaaS app, balancing innovation and reliability.

SaaS application technology stack

SaaS app architecture

The architecture of SaaS app ideas is the foundation of its functionality and scalability. Codica's experienced architects design a robust and scalable architecture that accommodates future growth while maintaining efficiency. We focus on creating a flexible system that adapts to evolving business needs.

SaaS app design

User experience and interface design are at the forefront of our SaaS development process. Codica's design team uses the best practices to design an amazing SaaS product. Also, we collaborate closely with clients to create an intuitive and visually appealing interface. We prioritize user-centric UI/UX design services to ensure seamless navigation and a delightful user experience.

SaaS MVP development

Codica emphasizes the development of a minimum viable product (MVP) to validate the core concept and swiftly gather user feedback. Our MVP development services allow us to make informed decisions for further development while minimizing time to market.

Read also: How to Build a SaaS Startup in 10 Smart Steps

SaaS app testing

Quality assurance services are a non-negotiable aspect of our development process. Our dedicated testing team employs a comprehensive testing strategy, including functional, performance, and security testing. This ensures a stable and reliable SaaS app meeting industry standards.

SaaS app testing

SaaS app deployment

Smooth deployment is critical for a successful launch. Codica follows best practices to deploy the SaaS app efficiently, minimizing downtime and ensuring a seamless transition from development to production.

Further SaaS app development

Post-launch, Codica remains committed to continuous improvement. We gather user feedback, analyze performance metrics, and implement updates to enhance the app's features and address evolving user needs. Our agile development approach ensures that the SaaS app stays ahead in the competitive landscape.

One of our recent SaaS projects is a custom SaaS platform for the bakery, CakerHQ. It is an Australian resource for ordering stunning desserts for different events.

The app has a convenient contact interface that allows you to choose and book desserts. Also, the solution enables contacting cake makers and getting a preliminary quote. Marking the dates in a calendar helps clients and bakers schedule when desserts are to be ready.

The platform has an appealing and intuitive design that you can see in the video below.

Now is the right time to create your SaaS app

Nowadays, SaaS-based apps are going viral, and it is not without reason. No configuration, installation, compatibility, or update issues make SaaS solutions advantageous for many businesses.

These are the top startup ideas for your SaaS application as of 2024. We believe that the SaaS product ideas we have described ought to inspire you to launch a successful startup. However, you should bear in mind that establishing profitable SaaS startup ideas is a challenging task. And one of the starting points for your journey will be the quest for the right SaaS application development company.

If you need help implementing your SaaS application ideas, do not hesitate to contact us. We will assist in delivering your new startup ideas through SaaS development. Also, you can turn to our portfolio and find some inspiration there.

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