The forestry software global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Forestry Software Market, 2024report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size - The forestry software market size has grown rapidly in recent
years. It will grow from $1.07 billion in 2023 to $1.28 billion in 2024 at a
compound annual growth rate (CAGR) of 19.2%. The growth in the historic period
can be attributed to increasing demand for sustainable forestry solutions, the
rising adoption of big data in forestry, growing need for data-driven decision
making in forestry operations, increasing focus on sustainability and
environmental protection.
The forestry software market size is expected to see rapid growth in the next
few years. It will grow to $2.62 billion in 2028 at a compound annual growth
rate (CAGR) of 19.6%. The growth in the forecast period can be attributed to
rising need for operational efficiency, increasing demand for real-time
monitoring, integration of GIS and remote sensing, awareness of carbon
sequestration. Major trends in the forecast period include increased integration
of artificial intelligence (AI) and machine learning (ML) algorithms for
advanced data analysis, growing adoption of internet of things (iot) devices,
development of blockchain technology, adoption of virtual reality (VR) and
augmented reality (AR) solutions, expansion of cloud-based solutions.
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Scope Of Forestry Software MarketThe Business Research Company's reports
encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Forestry Software Market Overview
Market Drivers -The increased demand for forest products is expected to propel
the growth of the forestry software market going forward. Forest products refer
to a broad range of forest materials, including wood and non-wood resources.
Forest products offer environmental benefits compared to non-renewable
alternatives such as concrete, steel, and plastic, including environmental
sustainability and carbon sequestration awareness. Forestry software empowers
forest managers with the tools and insights needed to optimize forest
resources, improve operational efficiency, ensure regulatory compliance, and
promote sustainable forest management practices, thereby contributing to the
increased production of forestry products. For instance, in 2021, according to
the United States International Trade Commission, a US-based government agency,
the value of U.S. domestic exports of forest products rose by $5.9 billion
(18.2 percent) to $38.0 billion from 2020 to 2021. Therefore, increased demand
for forest products is driving the growth of the forestry software market.
Market Trends - Major companies operating in the forestry software market are
developing cloud-based log settlement solutions to streamline and automate the
process of tracking, valuing, and settling log transactions. This innovative
approach enhances efficiency, accuracy, and transparency in forestry
operations. Cloud-based log settlement solutions offer forestry companies a
scalable, secure, and cost-effective approach to managing log procurement,
measurement, valuation, and payment processes, ultimately enhancing operational
efficiency, transparency, and compliance in the forestry supply chain. For
instance, in July 2023, Trimble, a US-based software company, launched a new
cloud-based version of Log Inventory and Management System (LIMS) called LIMS
PRO. This new cloud-hosted solution is designed to improve operational
visibility and efficiency for small- and medium-sized forest product companies.
This enables smaller forestry companies to realize productivity and growth
gains previously only accessible to large enterprises. This is achieved by
digitizing lumber supply chain workflows and providing features like mobile
ticketing, real-time reconciliation, and automated invoicing.
The forestry software market covered in this report is segmented –
1) By Product Type: On-Premises Forestry Software, Cloud-Based Forestry
Software
2) By Technology: Cut-To-Length, Geospatial, Fire Detection
3) By Application: Forest Management, Logging Management, Mapwork Harvester,
Inventory And Logistics Management, Other Application
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Regional Insights - North America was the largest region in the forestry
software market in 2023. The regions covered in the forestry software market
report are Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies - Major companies operating in the forestry software market are
Trimble Inc., Forest Information Technology Systems Inc., Environmental Systems
Research Institute Inc., Forest Green Rovers Ltd., EcoPlan Consulting, Mason,
Bruce & Girard Inc., Silvacom Ltd., Remsoft Inc., Exacom Inc., Ecotimber
Inc., Envirosight LLC, Forest2Market Inc., Ecometrica Limited, Ecovision
Environmental LLC, Forest Metrix LLC, Azavea Inc., TreeTracker LLC, ForestEye
Inc., Forestry Traction Inc., Ecotrust
Table of Contents 1. Executive Summary2. Forestry Software Market Report
Structure3. Forestry Software Market Trends And Strategies4. Forestry Software
Market – Macro Economic Scenario5. Forestry Software Market Size And
Growth…..27. Forestry Software Market Competitor Landscape And Company
Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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