Houston, TX and Prague, Czech Republic (PRWEB) November 13, 2013
Commodity Technology Advisory (ComTech), the leading analyst firm for energy and commodity trading and risk management (E/CTRM) technologies, has released its annual market size and forecast report for Commodity Trading and Risk Management (CTRM) software. The report, which includes current and 5-year outlook for the market, is available for free download at the ComTech advisory website and the CTRM Center.
In discussing the results of the company’s analysis, Patrick Reames, Partner and Managing Director notes, “Based upon our extensive research of the CTRM markets, ComTech estimates the value of the global market for vendor-supplied CTRM applications was $938 million in 2012. We believe the market in 2013 will show only a slight increase over 2012, with total estimated vendor revenues of $976 million. Including the value of associated 3rd party services revenues, ComTech believes the global market for CTRM products and services was $1.56 billion in 2012 and we estimate the results in 2013 will be approximately $1.6 billion. Looking forward, we believe the global CTRM technology market will grow approximately 5% per year through 2018.”
“ComTech’s CTRM market size estimate and growth forecast is an eagerly awaited research report across our industry. This year’s report shows the continued importance of the agricultural and soft commodities sector in terms of growth rates as well as the rapid emergence of CTRM in the Cloud,” said Dr. Gary M. Vasey, Partner and Managing Director, Commodity Technology Advisory. “Both of these areas are the focus of other research studies by ComTech through the rest of 2013 and into 2014.”
The complete and unabridged report, which includes detailed stratifications of the market by commodity, industry sectors and geography, is now available for free download at http://www.ctrmcenter.com/publication-download/2013-market-sizing/ and http://www.comtechadvisory.com/publications/reports-articles/market-sizing-2013/.
About Commodity Technology Advisory
Commodity Technology Advisory (ComTech Advisory) is the leading analyst organization covering the Energy and Commodity Trading and Risk Management (E/CTRM) technology markets. Led by Patrick Reames and Dr. Gary M. Vasey, ComTech Advisory provides invaluable insights, backed by primary research and decades of experience, into the issues and trends affecting both the users and providers of the applications and services that are crucial for success in markets constantly roiled by globalization, regulation and innovation. For more information, visit http://www.comtechadvisory.com