About Energy Trading Risk Management (ETRM) Software
Energy trading risk management (ETRM) software is a software application, architecture, and tools that support the business processes associated with trading commodities. The wide adoption of advanced products and features is propelling market growth. Over the past few decades, higher adoption of energy trading risk management (ETRM) software in the agriculture domain had showcased massive advancement in the global energy trading risk management (ETRM) software market. Growing demand for cloud-native solutions including rapid implementations, continuous product enhancements, high performance, scalability, and better user experience is the major factors driving the global market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is Partially fragmented owing to the presence of several international and local suppliers. The high focus on using different Deployments and technological advancements has led to vital production across the country. Besides, the industry profitability has led to the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Market players are focusing on providing Energy Trading Risk Management (ETRM) Software with smart mechanisms to fascinate more solution sectors. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eka Software Solutions (United States), ABB (Sweden), Allegro (United States), Amphora Inc (United States), Brady PLC (United Kingdom), FIS (United States), Fendahl International DWC LLC (United Arab Emirates), nGenue (United States) and Triple Point Technology (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Aspect (United States), Openlink (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Energy Trading Risk Management (ETRM) Software market by and Region.
On the basis of geography, the market of Energy Trading Risk Management (ETRM) Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Energy Trading Risk Management (ETRM) Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Robotic Process Automation (RPA) and AI for Faster Trading, The Rapid Growth of Information Technology and Need for Software Applications to Manage Large Volumes of Energy Trading Activity
Market Growth Drivers:
Increasing Number of Advanced Technology in Energy Trading Risk Management (ETRM) Software Market and The Wide Adoption of Advanced Products and Features in the Agriculture Domain
Challenges:
Lack of Quality Manpower
Restraints:
Concerns Related to the Data Security and Privacy
Opportunities:
Growing Consumer Data Worldwide Primarily due to the Growing International Business and Increasing Demand in Domestic and SMEs in Emerging Economies has Created Multiple Growth and Opportunities
Market Leaders and their expansionary development strategies
In September 2023, Molecule Software, the leader in modern cloud-based trading and risk management software for energy and commodities, announced the launch of Bigbang. Bigbang is a new data-lake-as-a-service platform that allows ETRM/CTRM users to automatically import trade data from Molecule and merge it with a variety of sources to query, analyze, and extract meaningful insights quickly and easily.
In 2020, Eka Software Solutions launches new ETRM applications on its cloud platform. It offers total flexibility, scalability, and mobility. It gives traders access to the information they need from mobile devices whenever they are in the world. The applications can be deployed independently and quickly connected across multiple assets.
Key Target Audience
Energy Trading Risk Management (ETRM) Software Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.