The global energy trading and risk management market is expected to witness substantial growth, with a projected CAGR of 5.6% during the forecast period. ETRM (energy trading and risk management) is the process of creating and adapting models to manage energy assets and create commodity trading strategies. Researchers can utilise such functions as commercial decision making and market execution that are carried out using an integrated system that allows data exchanges among trade floor, credit, contract, and accounting functions of ETRM applications to respond to changing demands and operational constraints. In addition to support concerns, energy trading firms desire to improve their data collection and analytics capabilities, that have traditionally been housed within their ETRM solutions.
As commodity price volatility rises and the ongoing energy transition continues, energy market participants are realising the value of near real-time visibility into price movements and related market conditions. AI, blockchain, and big data analytics are transforming the way commodity trading companies manage risk, allowing them to access real-time data, identify patterns, and make informed decisions to mitigate risks and capitalise on opportunities. Companies should invest in these technologies and train their workforce to fully leverage their potential. For instance, in October 2022, Molecule announced Hive, its newest product, launched to handle data related to renewable commodities and products. Hive offers risk managers a set of customised reports and models to help them manage the complex lifecycle of renewable energy trades. The market players are considerably contributing to market growth through the adoption of various strategies, including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2023, Accenture PLC announced that it had acquired Optimind, a Paris-based independent consulting firm that offers advisory services and solutions to help insurance companies, banks, and large corporate clients meet major competitiveness, transformation, and regulatory challenges.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- Type
- Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- include Allegro Development Corp., Amphora Inc., Triple Point Technology Inc., Openlink LLC., and others.
A full Report of Energy Trading and Risk Management (ETRM) Market is Available @ https://www.omrglobal.com/industry-reports/etrm-market
Energy Trading and Risk Management Market Report Segment
By Type
- Software
- Solutions
- Services
By Type
- Power
- Natural Gas
- Oils and Products
- Others
Energy Trading and Risk Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Accenture PLC
- Deloitte Touche Tohmatsu Ltd.
- Eka Software Pvt Ltd.
- FIS Global
- Ignite Ctrm, LLC
- Ion Group
- Momentum3, LLC
- Molecule Software, Inc.
- Openlink Financial LLC
- Publicis Sapient
- Tigernix Pte Ltd.
- Trayport Ltd.
- Triple Point Technology Inc.
- Ventyx Biosciences, Inc.
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