Albany, NY -- (SBWIRE) -- 04/30/2013 -- TechNavio's analysts forecast the Global IT Asset Management Software market to grow at a CAGR of 9.4 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased need for ITAM cost reduction. The Global IT Asset Management Software market has also been witnessing the emergence of cloud computing. However, the high deployment cost could pose a challenge to the growth of this market.

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TechNavio's report, the Global IT Asset Management Software Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global IT Asset Management Software market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

The key vendors dominating this market space are BMC Software Inc., CA Technologies Inc., Hewlett-Packard Co., and IBM Corp.

The other vendor mentioned in the report is Novo Solutions Inc.

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Key questions answered in this report:

What will the market size be in 2016 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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