November 11, 2009 – Software as a service revenue is forecast to increase nearly 18 percent in 2009, according to market research firm Gartner, Inc.

Expected to reach $7.5 billion this year, a new Gartner report (“Market Trends: Software as a Service, Worldwide, 2008-2013, Update”) expects the market to demonstrate consistent growth through 2013, nearly five times the compound annual growth rate of the total application market’s predicted 3.6 percent growth.

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