Energy companies are operating in an environment characterized by shifting market dynamics and increasingly stringent regulations. In response to these challenges, Energy Trading and Risk Management (ETRM) systems have emerged as a critical component in the arsenal of energy industry players. These systems are supported by vendor support and maintenance, Software as a Service (SaaS)/hosted solutions, implementation services, and consulting technologies. The ETRM market is poised for growth as energy enterprises seek to address multiple imperatives, including regulatory compliance, risk mitigation, and accelerated trading activities. Key players in this domain include OpenLink Financial LLC, Triple Point Technology, Allegro, and Eka.
Request To Download Sample of This Strategic Report:- https://www.reportocean.com/industry-verticals/sample-request?report_id=IR30
This report offers unique insights and an in-depth analysis of the global Energy Trading and Risk Management (ETRM) market, encompassing drivers, restraints, growth opportunities, and a comprehensive examination of market segments. It also delves into the competitive landscape, company profiles, and industry trends.
Region/Country Coverage
- North America
- Latin America
- Western Europe
- Central Eastern Europe
- Middle East & Africa
- Asia-Pacific
Unlocking the Global ETRM Market
The primary objective of this study is to gain a comprehensive understanding of the global ETRM market. It focuses on different energy trading and risk management software solutions available worldwide, with a special emphasis on vendor licenses, vendor services, vendor support and maintenance, and Software as a Service (SaaS)/hosted services. The report presents an insightful overview of ETRM penetration across various industry sectors, addressing the total market size of the global ETRM market and its diverse segments. The future outlook is a pivotal component of this report, shedding light on the industry’s anticipated performance in the near future. Additionally, the report highlights key players contributing to the industry’s growth.
Market Insights:
- The global ETRM market was valued at $1,140.1 million in 2015, with an estimated market size of $1,351.6 million for 2020, driven by all segments of the industry.
- High growth is primarily attributed to the vendor license and vendor service sector.
- SaaS/hosted services are expected to experience rapid growth in the next five years, with an expected growth rate of at least 19.4%.
- The Global Energy Trading & Risk Management (ETRM) market is projected to grow at a CAGR of 3.5% from 2015 to 2020.
- The oil & products industry is expected to exhibit the highest growth at a CAGR of 8.5%, followed by the Natural Gas Liquids (NGLs) industry at a CAGR of 2.3% during the same period.
Key Market Players
- OpenLink Financial LLC
- Triple Point Technology
- Eka Software Solutions
- Allegro Development Corporation
- SunGard Financial Systems
- SAP
- Accenture
- Sapient
- Ventyx
- Trayport
- Calvus
Why Purchase Market Research Report?
Informed Decision-Making:
- Market research reports provide valuable insights and data that help businesses make informed decisions.
- They offer comprehensive analysis of market trends, customer behavior, competitive landscape, and emerging opportunities, enabling businesses to identify potential risks and make strategic choices.
Market Understanding:
- Market research reports provide a deep understanding of the target market.
- They provide detailed information about market size, growth rate, market segmentation, and customer preferences.
- This knowledge helps businesses align their products, services, and marketing strategies with market demands.
Competitive Analysis:
- Market research reports include competitive intelligence, profiling key players in the market, their strategies, and market share.
- This information helps businesses benchmark themselves against competitors and identify opportunities for differentiation and growth.
Risk Mitigation:
- By analyzing market research reports, businesses can identify potential risks and challenges in the market.
- This allows them to develop risk mitigation strategies, adapt their business approach, and make informed decisions to minimize potential setbacks.
Market Opportunities:
- Market research reports highlight emerging market opportunities and trends.
- They provide insights into untapped segments, changing consumer preferences, and technological advancements.
- By leveraging this information, businesses can capitalize on market opportunities and gain a competitive edge.
Investment Evaluation:
- Market research reports assist businesses in evaluating investment opportunities.
- They provide data on market size, growth potential, and competitive landscape, helping businesses assess the feasibility and potential returns of investment projects.
Customer Insights:
- Market research reports offer valuable insights into customer behavior, preferences, and purchasing patterns.
- This knowledge helps businesses understand their target audience better and tailor their products, services, and marketing efforts to meet customer needs.
Strategic Planning:
- Market research reports provide a foundation for strategic planning.
- They offer a comprehensive view of the market, helping businesses set realistic goals, define their target audience, and develop effective strategies to achieve their objectives.
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.