Reports ComTech Forecasts 2015 Global CTRM Market at $1.68 | Page 7

2015–2020 CTRM Market Outlook 7 but at a lower average license value, slowing license growth rates. Additionally to this is a trend towards recurring revenue licensing models (lease, rental, monthly or quarterly payments etc.) on the part of many vendors in the space meaning that some of the revenues associated with a particular deal are pushed out into the future. In addition to our current forecast assumptions, there exist a number of potential market developments that could impact the outlook for the CTRM market in the coming years. Should the global economy (and demand for commodities) grow in excess of current forecast assumptions, the following market segments could show higher than forecast growth. // Agricultural markets and Consumer Package Goods (CPG) – Increasing price volatility and growing awareness of the value of trading-centric solutions (driven in part by CTRM vendors) for direct, indirect and cross-commodity hedging could accelerate adoption of CTRM capabilities/solutions. // Trading companies and fuels intensive industries, including transportation and logistics companies, processing companies – Increased demand for oil an