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Now that software as a service (SaaS) is commonplace and cloud-based services are practically everywhere, you might think you’ve heard about every available offering. But cloud services are still expanding their reach into some surprising areas.

The worldwide market valuation of SaaS is predicted to increase to $164 billion by 2022. Here are a few industries that SaaS has only begun to penetrate.

1. Disaster recovery services

Just one hour of downtime can cost some medium-sized companies more than $70,000. That’s why, in the event of a catastrophe, you want software that can replicate and/or host your virtual servers to ensure successful failover. This is where disaster recovery as a service (DRaaS) comes in. With DRaaS, data doesn’t need to be restored over the internet, so the service dramatically cuts down on the time it takes to return applications to production.

Moreover, if you’re a small or medium-sized business, your IT department may not have the resources or know-how to configure and implement a recovery plan in case of an emergency. With this service, you won’t have to maintain your own off-site disaster recovery environment. Using DRaaS, a fairly small investment will allow your business to recover from catastrophe in minutes.

2. Print management services

Many businesses spend between 1 and 3 percent of their revenue on printing, and yet printing is often overlooked as an expense that needs to be managed. And even when it is managed, the effort is often focused on the hardware and related consumables, instead of attacking the demand for printed documents.

Companies can save millions of dollars on office printing by implementing an effective print strategy, starting with the collection of printing data to establish a baseline from which to measure future results.

With cloud print management services, you can quickly discover how much printing is taking place across your organization or within specific departments, who is printing, what applications employees are printing from, the cost of each print job, and many other key details. Print data analytics can help you discover why your printing costs are out of hand and light the path to saving money and improving efficiency.

3. Energy management services

With energy management technologies, you can monitor your company’s energy demand in real time, discovering events that hint at a crisis before they reach crisis level. By exposing patterns that identify outliers and opportunities to take action, you can save thousands.

When you receive an alert, you can run applications at times when prices are lower or scale usage up or down. Reporting and alerts are simplified, so they don’t require skilled personnel — you can monitor dashboards and consult with subject matter experts as needed. EnerNOC estimates that its technologies saved consumers $11.8 billion over the course of one year. Best of all, once your company starts working in tandem with the power grid, you’ll reduce its environmental footprint dramatically.

The age of SaaS has really only just begun. That’s why it’s worthwhile right now to take a hard look at your operations, think critically about areas of your business that can be improved, and identify opportunities to implement cloud-based services that can save your organization time and money.

To learn more about cloud print management services, download our free white paper.