Latest News- Energy Trading And Risk Management (Etrm) Market: Power is expected to lead the Application segment during 2024-2028

The Energy Trading And Risk Management (Etrm) Market is being driven by Rising demand for smart grids globally

The Energy Trading And Risk Management (Etrm) Market is expected to grow at a CAGR of 4.81% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 436 million. In the dynamic and complex energy trading and risk management (ETRM) market, the shift towards cloud-based solutions has emerged as a prominent trend. Cloud-based ETRM software enables organizations to access the application through web-browser interfaces, allowing administrators to set access levels and users to log in concurrently from any Internet-enabled device. Furthermore, these solutions often provide mobile apps for enhanced usability on smartphones and tablets. A key advantage of cloud-based ETRM software is its scalability, which allows businesses to adapt to evolving energy market requirements with ease. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Power
  • Natural gas
  • Oil and products
  • Others
• Type
  • Software
  • Service
• Geography
  • North America
    • US
  • APAC
    • China
    • Japan
  • Europe
    • Germany
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for smart grids globally
• Increasing focus on renewable energy
• Improved operational efficiency

However, the market also witnesses some limitations, which are as follows:

• Energy data security-related concerns
• Increased volatility and complexity in market
• Threat from open-source software platforms

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Market Scope in Energy Trading And Risk Management (Etrm) Market Research Report

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Research Analysis Overview

In the dynamic Energy Trading and Risk Management (ETRM) market, ETRM systems play a crucial role in managing commercial decisions for various energy commodities, including crude oil, refined products, natural gas, NGLs, electric power, and more. These solutions facilitate trade floor operations, ensuring price transparency, controlled access, and regulatory compliance. Middle office functions, such as credit management, benefit from the technical expertise provided by these systems. The shale gas boom and the integration of renewable energy into the energy sectors necessitate robust ETRM systems for effective risk coverage in Oil and gas and electricity markets.

Market Research Overview

In the complex and dynamic Energy Trading and Risk Management (ETRM) market, businesses require advanced software solutions to manage commodities such as crude oil, refined products, natural gas, NGLs, and electric power. The global IT software market caters to this need, with a significant portion dedicated to application software. This sector encompasses businesses producing software for specialized applications in the energy industry, including enterprise and technical solutions, as well as cloud-based applications. Technavio's market analysis calculates the market size based on the combined revenue generated by these software providers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/