Global Energy Trading & Risk Management (ETRM) Market- Covid-19 Impact, Size, Share and Forecast Analysis to 2024
Global Energy Trading & Risk Management Market: Overview
Energy
trading and risk management (ETRM) is a category of software applications,
frameworks, and tools that support business processes related to trading energy
commodities. It consists of a set of functions that vary depending on which
commodity is traded, assets that are used in the business, location of those
assets, and company’s business strategy and business processes associated with
the same.
The ETRM
system is inclusive of trading requirements of a liberalized energy market and
thus help market participants to carry out trade encompassing full range
contracts across the globe. It also includes comprehensive risk management
plan, event and trade identification, scheduling transportation, and settlement
execution. Moreover, ETRM solutions provide consulting services for price
transparency, market monitoring, and regulatory compliance.
The market
study presents a granular analysis of the global ETRM market looking into
market drivers, challenges, and growth trends to have a bearing on this market.
The research phase included data collection from reliable sources, which was
later scrutinized to present a satisfactory conclusion about the market’s
growth between 2016 and 2024.
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Global Energy Trading & Risk Management Market: Trends and
Opportunities
The global
ETRM market is driven by the ability of ETRM to provide an end-to-end solution
for the effective execution of energy trading activities. Furthermore, need for
energy business to present significant returns and need to maintain an
organization’s hedging portfolio are further boosting the ETRM market.
Moreover,
ETRM solutions can alleviate the pitfalls associated with energy trading.
Energy trading involves a high degree of risk and profitability margins are
subject to fluctuations in the market. Complex supply chains, volatile prices
of energy, evolving regulatory requirements are some of the major hurdles that
players in the energy business are faced with. In this scenario, ETRM solution
providers can use prove volatility to their advantage and design unique
solutions that are unique to the business requirement of a firm. The other
advantages of ETRM include its ability to record trading and equity data in an
efficient manner as compared to manual recording, which is prone to errors.
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However,
lack of technical expertise is one of the key factors challenging the market’s
growth. Nevertheless, rising financial risks and growth of major business
organizations will extend growth opportunities to this market.
In terms
of operations, the ETRM market can be segmented into front office, back office,
and middle office. The front office carries out operations pertaining to deal
capture, deal evaluation, position management, and price discovery. The middle
office performs operations related to credit risk, enterprise risk, and market
risk. The back office carries out accounting operations and conducts the
inventory and derivative accounting tasks.
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Global Energy Trading & Risk Management Market: Regional
Outlook
In terms
of geography, the ETRM market is divided into North America, Asia Pacific,
Europe, the Middle East and Africa, and Latin America. Asia Pacific is a
relatively new market for energy trading business. Thus, the region is expected
to display a demand for ETRM solutions over the forecast period.
North
America and Europe ETRM markets are expected to further expand led by
significant investments from trading firms that are present in these regions.
The shale gas boom in the U.S. and volatility of energy markets are also
fuelling the growth of ETRM market in these regions.
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Global Energy Trading & Risk
Management Market: Competitive Landscape
Key
players in the global ETRM market include Allegro Development Corporation,
amphora Inc., Triple Point Technology Inc., Openlink LLC, and Eka Software
Solutions.
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