According to Commodity Technology Advisory’s (ComTech’s) most recent market sizing research, the metals side of the global Commodity Trading and Risk Management (CTRM) software market remains the smallest of the three broad categories (Energy, Ags & Softs,...
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According to Commodity Technology Advisory’s (ComTech’s) most recent market sizing research, the metals side of the global Commodity Trading and Risk Management (CTRM) software market remains the smallest of the three broad categories (Energy, Ags & Softs, Metals) by quite some distance. It is estimated to be around $173m USD for FY2022, which was just around 9% of total expenditures that year on CTRM software. However, the metals CTRM market is likely to grow at quite a pace over the next few years, spurred on by the global energy transition and increasing industrialization and electrification in developing countries. Though it is unlikely to exceed the size of the CTRM software market for either energy and/or ags and softs anytime soon, CTRM solutions servicing this space will benefit from the sharper focus on this increasingly important group of commodities by virtue of the energy transition and drive to net zero, and we can expect to see good growth in the foreseeable future.
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