Hot off the press – ComTech’s 2019 CTRM Market Sizing, Trends and Outlook Report
ComTech Advisory just released our 2019 CTRM Market Sizing, Trend and Outlook report. In that report, we have forecast the 2019 CTRM Market will close the year at $1.7B, including vendor software, implementation services and the value of home-built or bespoke solutions. Beyond the current year, we are forecasting the global markets for CTRM technologies will grow 3.2% per annum through 2023.
In the report, we noted several key trends that are creating significant uncertainties and challenges for both vendors and buyers of CTRM technologies, including: the increasing adoption of SaaS solutions (or even for on-premises installs, rental type agreements); the impact of vendor consolidation (driven in particular by ION); the increasing replacement of older monolithic solutions with newer agile products; the impact of SAP’s growing presence in the CTRM space; geopolitical uncertainties such a trade wars; the growth of the Asia-Pac marketplace and the potential impact of emerging technologies.
Each of these trends, on their own, has the potential to move the market significantly up or down in any given year. Taken together, it really is “interesting” times in the CTRM space. That said, we do have relatively high confidence in both our current baseline sizing for the market (which is based on a proprietary “bottom-up” methodology) and our overall outlook for the next several years.
This latest report provides a overview of these market forces and stratifies the market from 2017 to 2023 by revenue components (vendor revenues, consulting revenues associated with implementation and other support activities, and the unaddressed market that uses home-built or other non-vendor supplied capabilities), commodities, industrial segments and geographic regions.
To download an outline of the report, or to purchase, please go to https://www.ctrmcenter.com/publications/reports/2019-ctrm-market-sizing-outlook-and-trends-through-2023/
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