2021 CTRM Software Markets Rebounded Strongly Says Commodity Technology Advisory
Summary
Commodity Technology Advisory LLC (ComTech Advisory), the leading analyst firm covering energy and commodity trading and risk management (E/CTRM) and related technologies, has released the 2021 CTRM Market Sizing, Trends and Outlook report. ComTech Advisory performs detailed analysis and issues the CTRM market sizing guidance biennially with an update in the interim years. This most recent detailed analysis indicates that the total global market for CTRM software contracted in 2020, falling $100million to $1.65B from $1.75B in 2019, primarily due to the impact of the pandemic and its knock-on effects across all commodities and their value chains. Despite global markets continuing to be somewhat unsettled, we anticipate a return to a more predictable spending pattern for CTRM software for the next several years.” “2021 saw things get back on track as CTRM software markets adjusted to the constraints of the COVID pandemic and lockdowns and were increasingly spurred on by a host of other business drivers that included decarbonization,” said Dr. Gary M. Vasey, Managing Partner. 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.