That being said...
The good SaaS times will end and challenges are coming
During these COVID times, a lot of individuals and businesses are looking to find ways to cut costs. Depending on your pricing model and how that values in comparison to your own infrastructure costs, it can be hard to stand out and be seen as value to potential customers while still being profitable.
ClassPass: Payal Kadakia
Tech doesn't fix all human behavior. Just because you build a product that you think will solve a lot of people's problems, the challenge is also getting people to adopt this new way of being able to solve their problems. Because of this, this can result in challenges in increasing adoption.
4 Issues Facing the SaaS Industry in 2019
If you're thinking about creating a SaaS product you are in competition with a wide range of other SaaS tools. That being said, if you're too specialized, you are limiting your potential audience pool. Other challenges that arise within the SaaS industry are customer data protection and storage which come with their own fair-share of tradeoffs.