Research and Markets (http://www.researchandmarkets.com/research/2hxhh9/global_onpremise) has announced the addition of the "Global On-premise Enterprise Application Software Market 2011-2015" report to their offering.

TechNavio's analysts forecast the Global On-premise Enterprise Application Software market to grow at a CAGR of 6.11 percent over the period 2011-2015. One of the key factors contributing to this market growth is the need for enhanced business productivity. The Global On-premise Enterprise Application Software market has also been witnessing the increasing adoption of enterprise application software by medium-sized enterprises. However, the need to replace existing legacy systems could pose a challenge to the growth of this market.

Key vendors dominating this market space include IBM Corp., Infor Global Solutions Inc., Microsoft Corp., Oracle Corp., SAP AG, and SAS Institute Inc.

Commenting on the report, an analyst from TechNavio's Enterprise Computing team said: ''The increasing focus of vendors on providing more customized software is resulting in the development of a series of horizontal software applications that are more customized and that are directed toward certain industries. Leading vendors are offering their customers a wide range of solutions, including some that are specialized for particular vertical segments. Information systems for enterprise management are more focused and they are directed toward a particular type of customer. These systems are pre-configured to the needs of customers to a much larger extent, which is a necessary factor for reducing deployment costs and total cost of ownership.''

According to the report, one of the major drivers is the need for enhanced business productivity. As a result of the increasing importance of scalable IT systems, enterprises are looking for business solutions that can accelerate the growth of an organization. Enterprise application software enhances an organization's processes by improving quality control and inventory control; this in turn improves the productivity and efficiency of the firm.

For more information visit http://www.researchandmarkets.com/research/2hxhh9/global_onpremise