SaaS stands for software as a service, which is a cloud computing model that provides ready-to-use applications over the internet. SaaS applications are hosted and managed by a cloud provider who also handles software updates, maintenance, security, and scalability. SaaS users can access the applications through a web browser or a mobile app without installing any software on their devices. SaaS applications are typically offered on a subscription or pay-per-use basis. Examples of SaaS applications include email services, online office suites, customer relationship management (CRM) systems, and video conferencing platforms.