The E/CTRM software market is robust and growing... as a variety of industry issues have increased the pressure to utilize commercially provided software solutions.
Houston, TX; Brno, Czech Republic (PRWEB) May 18, 2011
CommodityPoint, a leading analyst firm for the CTRM industry, announced today the release of its 2011 E/CTRM Software License Market Sizing Study report. The Study estimates total global expenditures for CTRM software in 2011 to reach $452 million. A report synopsis is available for free download and the complete report is available for purchase at either the UtiliPoint Web site or the CTRM Blog.
Market sizing data is critical for the utilities industry as it is used by investors, software firms, consulting organizations and others to support investment decisions and guide the allocation of both capital and human resources.
CommodityPoint forecasts the total addressable market for CTRM software globally in 2011 to be $452 million and estimates that some $321 million may be spent on the procurement of commercially available CTRM software this year, an average of 11% growth over 2010. Our analysis suggests that, when adding in associated services and peripheral software sales, the broader CTRM software market is likely in excess of $2 billion globally annually.
“The E/CTRM software market is robust and growing both as a result of the extension of what constitutes E/CTRM software and as a variety of industry issues have increased the pressure to utilize commercially provided software solutions,” said CommodityPoint Principal Analyst Gary M. Vasey, PhD. “Our report outlines our methodology and assumptions behind our market sizing estimates as well as discusses the factors that are contributing to the growth of this software category.”
CommodityPoint is a division of leading energy and utilities analyst and consulting firm, UtiliPoint International, Inc. and a subsidiary of Midas Medici Group Holdings, Inc. CommodityPoint provides Commodity Trading & Risk Management (E/CTRM) research, analysis and consulting services that offer insight into business issues, trends, processes and technology, to energy, agricultural and metals trading companies, utilities, banks, brokers, funds, investors and vendors, enhancing their competitive position and supporting critical business decisions. With offices in Europe and the US, and backed by an experienced research team, CommodityPoint provides an unparalleled view of the marketplace. For CommodityPoint on the Web: http://www.commodity-point.com
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