SaaS
With software as a service (SaaS), you don't have to worry about installing hardware. You also don't have to worry about traditional licensing fees, since most services are subscription-based.
In addition to helping you save money upfront, SaaS can cut overall expenses because you won’t have to pay for continuous hardware maintenance or upgrades. Plus, you won’t need to hire in-house IT staff to manage the hardware.
You can also choose exactly what you need from SaaS providers instead of buying hardware that might come with things you don't need. If your project requires a website builder software for a limited time, you can add it and remove it when you no longer need it. As far as cloud computing options go, SaaS can offer a multitude of solutions that fit your business's needs and budget.
Cloud Hosting
Instead of relying upon physical servers, cloud hosting uses virtual server space. With cloud hosting, your website or app runs on a network of servers, so it's more flexible and scalable.
Additionally, cloud hosting services can handle the high traffic volumes and seasonal demands that traditional web hosts can't. There is also rarely downtime because multiple servers are running each hosted site.
Smaller businesses will find many advantages when they transition to cloud hosting. With this cloud computing option, they can avoid the slow connectivity, hardware issues, and extended downtimes that could lead to customer loss.
A cloud host only charges for the resources you use instead of the flat-rate traditional hosts charge. You also have a choice between shared and dedicated hosting, so you'll need to decide which is right for you.
Shared hosting means the service provider hosts more than one site on one server. Because the server's operating costs are split across multiple users, shared hosting is the cheapest option for small businesses. One downside, however, is that your website might be slow, as you'll have less bandwidth.
Shared hosting can also be a bit riskier since other sites use the same server as you. By contrast, if you leverage dedicated hosting, you get all the resources and don't have to share. The tradeoff is that a dedicated server is more expensive.