Houston, TX and Prague, CZ (PRWEB) January 22, 2014
Commodity Technology (ComTech) Advisory, the leading analyst firm for energy and commodity trading and risk management (E/CTRM) software, has released its eagerly anticipated ‘CTRM in the Cloud’ research report. ComTech Advisory undertook the research effort reflected in the report to fully examine the trends and issues, as well as the potential business benefits, of the increasing adoption of Energy and Commodity Trading and Risk Management Software (ETRM/CTRM) solutions in the cloud. The research was undertaken with the support of the following sponsors: Aspect Enterprise, Brady PLC and Generation 10.
“ComTech Advisory finds that the commodities trading industry is open to considering alternatives to traditional on-premises implementation models for ETRM and CTRM software including both SaaS and hosted in the cloud delivery. While a small, but committed, minority continue to resist anything but the traditional on premises implementation approach, the overwhelming majority will consider SaaS/hosted in the cloud for a variety of vertical application areas in and around commodity trading,” reports Dr. Gary M. Vasey, co-managing director of ComTech.
The report finds that while the vast majority of traders today continue to use traditional, on-premises delivered ETRM and CTRM software solutions, more than half would consider SaaS or hosted ETRM/CTRM in the Cloud in the future. The compelling cost/benefit equation for ETRM/CTRM in the cloud is seen as a strong reason to consider alternatives according to the survey. In fact, only a very small minority now say that they wouldn’t consider the cloud for their ETRM/CTRM solution in the future. Despite this, security, integration and other issues are still seen as risks and many respondents felt that there would still be internal objections that would need to be overcome as a result.
“While there are still several threads of common concern related to cloud deployment for ETRM and CTRM solutions, we do think increasing familiarity with the potential advantages of cloud delivered software, not the least of which are lower acquisition costs, combined with direct exposure to cloud solutions in other markets, including the consumer markets, will help decision makers at trading companies become more comfortable with these types of solutions,” said Patrick Reames, co-managing director of ComTech. “The results of this current research do support our current outlook of about fifteen percent annual growth in the ETRM/CTRM in the cloud markets versus slightly less than five percent for on-premises solutions.”
Comtech Advisory’s CTRM in the Cloud report is now available for free from its website at http://www.comtechadvisory.com/category/publications/ or from the CTRMCenter webportal at http://www.ctrmcenter.com/publications/.
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