March 27, 2012 – Software as a service revenue will spike 17.9 percent this year compared with 2011, though the way it’s growing has taken an increasingly regional focus, according to a new Gartner market review.

Globally, Gartner has forecasted SaaS revenue to hit $14.5 billion in 2012, with continued growth over the next four years to an expected peak of $22.1 billion in annual revenue. Gartner defines this revenue as that which comes from new licenses, subscriptions and software maintenance and technical support in established SaaS markets.

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