Historically, the E/CTRM replacement market has been quite small and relatively slow. There simply hasn’t been so many replacements and where replacements of E/CTRM solutions have taken place, it had usually been because of a truly compelling need.
However, E/CTRM is now well in its third decade as a software category. Much has changed over those years in terms of needs and technology. We now see a developing and growing replacement market emerging that will only grow in the coming years. There are a number of compelling reasons why the replacement market is set to grow.