Multi-commodity Cloud CTRM supplier Aspect Enterprise Solutions has been named the market leader and the most well known and recognized vendor in the industry in a newly-published research report.
In the report, CTRM In The Cloud by analyst Commodity Technology Advisory LLC (ComTech), Aspect was voted market leader by more respondents than any of the other 13 vendors listed. Aspect was also recognized as a key vendor in the Cloud CTRM space by the largest number of respondents who named a company. The findings mirror the conclusions of an earlier IDC Energy Insights study which identified Aspect as a ‘major player’ in the ETRM business.
“These latest conclusions show beyond doubt that CTRM in the Cloud is the way the industry is going and that Aspect’s particular take on the technology is the one preferred by more people than any other,” says Aspect’s president and CEO Steve Hughes. “From day one our solution has been built for the Cloud, exclusively for the Cloud, while others have concentrated on reworking on-premise software. It’s clear from this report which way users would rather go.”
Among reasons given in the ComTech report for the rise of Cloud CTRM are substantial savings in acquisition and implementation, its forming a ready alternative to spreadsheet based systems, its ease in meeting highly specialist needs and its role as an interim solution while companies plan for strategic decisions. Also mentioned is the wider acceptance of Cloud delivered solutions in general. Some early security concerns about keeping trading data in the Cloud have now been allayed thanks to online exchange trading and its use of Cloud storage.
Commodity Technology Advisory is the leading analyst organization covering the ETRM and CTRM markets. It provides invaluable insights into the issues and trends affecting users and providers of technologies crucial to success in the constantly evolving global commodities markets.