"Software as a service" is the worst thing that has happened to software in the history of software.
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Software as a service is when you can't buy Photoshop permanently anymore, you have to pay $10/mo to use it, forever.
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Assuming current trends continue, there will be no software _other_ than SaaS from Fortune 500 companies in the future.
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Sure, we make software that requires your own server, or we can host it for you and call it SAAS. Are we still evil?
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I don't know how "evil" comes into it. It's just a business model that has only negative incentives and no positives I'm aware of.
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