SharePoint SaaS designates SharePoint Online (part of Microsoft 365). In this case, Microsoft manages infrastructure, updates, security, and availability. Customers simply consume the service via a web browser, mobile app, or integrated tools like Teams. It offers limited customization (e.g., Power Automate, Power Apps) but no direct control over the underlying environment.
AFAIK, there is really no SharePoint PaaS. SharePoint is hosted on your own infrastructure (or potentially deployed to a hosted virtualized environment, such as Azure IaaS) or consumed as a service via SharePoint Online (SaaS). However, if you need to deploy a custom SharePoint-based application (such as a SharePoint Framework [SPFx] web part or a SharePoint Add-in), you can host its web components on PaaS (such as Azure App Services). This involves creating an App Service to host the web application (e.g., an ASP.NET or Node.js API), configuring authentication (such as Azure AD for secure access), and integrating it with SharePoint via REST APIs or Microsoft Graph.
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hth
Marcin