Software-as-a-Service revenue is forecast to increase nearly 18% 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% growth.

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