Share this article Share this article NEW YORK, March 9, 2021 /PRNewswire/ -- The internet boom in the 1990s, with the genesis of application service providers (ASP), set the stage for the Software-as-a-Service (SaaS) model that now has found its way into nearly every industry. In a SaaS model, providers offer their technology over a set period of time, effectively locking in recurring revenue and a higher profit rather than selling the product outright. Since then, the "as-a-Service" model has been expanded into new verticals in a global economy now eager to accept the process. Because of large margins, Wall Street typically places high valuations on companies that employ the subscription "as-a-Service" model, especially when they have solved a problem and established strong market demand. Already disrupting the $500 billion security industry with its fully autonomous security robots,