NOV 20, 2012 5:02pm ET

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PaaS To Pass $1.2B This Year

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Worldwide platform-as-a-service revenue is on pace to reach $1.2 billion in 2012, up from $900 million in 2011, according to new research from Gartner. The market will experience consistent growth, the firm says, with worldwide PaaS revenue totaling $1.5 billion in 2013 and growing to $2.9 billion in 2016.

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