Cloud-based and saas based services hold similar advantages including:
1-No need for lengthy installation:
With everything in the clod, there are no drivers that need to run and all updates can happen instantaneously additionally as the cloud is often hosted and not owned,
2-Data can be shared and synchronize faster across your entire network everything from code updates to business emails can be shared and collaborated on in real-time
3-For more cost-effective than entirely on perm storing part or all of your infrastructure in the cloud is often the most efficient way to manage your company's data
4-Added redundancy to prevent data loss and outages layers of redundancies can be added easily in most cloud environments making it harder for outages to happened and for data to be lost entirely
5-More secure: Public and private clouds can be used t0ogathered to add crucial security measures To know more about cloud-based SaaS product go through the link.