Reports 2013 CTRM Global Market Size | Page 7

6 5-Year Market Outlook In developing our outlook for the global CTRM markets, we reviewed the current and perspective market by commodities, geographies and industrial market segments; developing our topside outlook of the market based upon this more granular review. Overall, we anticipate the total global CTRM market will grow by 4-6%, with our estimates reflecting a midrange value of 5%. Within the revenue components that comprise this market, we anticipate that traditional installed software license sales will grow at modest rate of 3-4%, while increasing adoption of SaaS or “Cloud” based solutions will see growth rates from 13-15%. Despite this high growth rate, traditionally installed solutions will continue to dominate the market for the foreseeable future. Regional Review $Millions The “Energy Renaissance” in North America is having a significant impact on prices and volatilities for both natural gas and power, reducing trading activities across virtually all industry segments and limiting the entrance of new market participants. Given that the Total CTRM Market by Commodity by Geography - 2012 future outlook for $200 natural gas prices is $180 flat to today’s $160 $140 market, it is very $120 unlikely that this $100 market will see $80 much in the way of $60 $40 increased demand $20 for CTRM solutions $for natural gas or North America South America Europe Middle East & Africa Asia/Pacific power during the Natural Gas Power Oil and Products study period. Most NGLs Coal Precious Metals sales of new licenses Other Metals and Ores Ags/Softs Other (Freight, Emissions, Etc) for the energy centric market (including oil, products and coal) in North America will be for replacement of existing vendor supported systems that have been in production for five or more years, and for expansion licenses due to organic business growth. Non-energy CTRM license sales do show more promise for growth as we are seeing increasing adoption of CTRM for managing price and operational risks in the supply chains of agricultural, CPG and metals intensive industries. We expect growth in these markets will continue, contributing to an overall growth rate in the North American market on par with the global average of approximately 5%. © 2013 Commodity Technology Advisory LLC Houston TX and Prague CZ