Research and Markets (http://www.researchandmarkets.com/research/7twxgm/global_enterprise) has announced the addition of the "Global Enterprise Asset Management Applications Market 2011-2015" report to their offering.

TechNavio's analysts forecast the Global Enterprise Asset Management Applications market to grow at a CAGR of 6.45 over the period 2011-2015. One of the key factors contributing to this market growth is the demand for improved enterprise-wide performance visibility. The Global Enterprise Asset Management Applications market has also been witnessing an increasing focus on real-time information management. However, the lack of internal cross-functional collaboration could pose a challenge to the growth of this market.

Other vendors mentioned in the report: Industrial and Financial Systems (IFS) AB, Infor Global Solutions, Invensys Avantis Inc., AssetPoint LLC, AssetWorks Inc., Blue Mountain Quality Resources Inc., NRX Global Inc., QAD Inc., and ViryaNet Ltd.

Commenting on the report, an analyst from TechNavio's Enterprise Computing team said: ''Organizations require real-time performance indicators in order to achieve their desired strategic goals. Enterprise Asset Management Applications (EAM) applications provide flexible, integrated and real-time information management support for the top management in an organization. They improve the responsiveness across an organization. Since planning and long-term investment decisions can be made on the basis of the analysis of return on assets and the utilization rate of each business unit, EAM applications provide better analysis and planning capabilities. Therefore, the increasing focus of enterprises on real-time information management is one of the major trends in the market.''

According to the report, one of the major drivers is the demand for improved enterprise-wide performance visibility. EAM applications help organizations in forming a centrally established and monitored system of consolidated assets and they provide a single platform for its visibility.

Further, the report discusses that the lack of internal cross-functional collaboration is one of the major challenges confronting this market.

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