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The forestry software market size is projected to increase by USD 519.49 million, at a CAGR of 6.51% between 2023 and 2028. The growth rate of the market depends on several factors, including the rise in the adoption of cloud-based forestry software, the adoption of automated forestry management, and the digitalization of forest operations and management.
The market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 20 market companies, including, ArborNote, Assisi Software Corp, Caribou Software, Creative Information Systems Inc., Disprax Pty Ltd, Enfor Consultants Ltd., Esri Global Inc., Forest Metrix, Forestry Systems Inc., Legna Software LLC, Mason Bruce and Girard Inc., Microforest Pty Ltd, Orbis, PlanIT Geo, Remsoft, Softree Technical Systems Inc., TRACT, and Trimble Inc. . Additionally, AFRY AB: The company offers forestry software namely AFRY Smart Forestry Manager for the mapping, monitoring and simulating of forest supply chains.
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The adoption of automated forestry management is the key factor driving market growth. The adoption of automated forestry management is driven by the need to reduce time gaps in forestry, logging, and wood processing operations. Automation simplifies processes, cuts manual paperwork, lowers operational costs, and enhances efficiency. It also brings benefits such as asset tracking, regulatory compliance, automated weighing, and improved safety in logging operations.
Additionally, most forestry companies are shifting their focus toward automating their businesses, which presents a high potential for market players. The adoption of automated forestry software enables them to explore new opportunities and establish hybrid or new business models integrated with both legacy and automated business processes. Hence, these factors are expected to drive the growth of the market during the forecast period.
The rising adoption of big data in forestry is the primary trend shaping market growth. Forestry software is advancing with real-time data management, employing big data for predictive modeling in terrain conditions, weather, soil properties, and regulatory compliance. Align with market trends and analysis, the integration of big data, driven by technology adoption and cloud computing, is becoming a key focus in the evolving forestry market.
Moreover, big data enables the collection and analysis of large amounts of data for creating prediction models. Thus, these capabilities are being incorporated within the forestry software architecture, allowing companies to execute/run simulation, planning, modeling, and forecasting without the need for standalone analytics applications. Analytical abilities can help companies improve their response time to market demand. Hence, such factors are expected to drive the growth of the market during the forecast period.
The availability of open-source forestry software is a challenge that affects market growth. The rising complexity and costs of proprietary software drive the growing adoption of open-source forestry software, particularly in developing economies like China, India, and South America. Limited capital investment in licensed software leads forestry departments with constrained resources to opt for open-source solutions as a more economical alternative.
Moreover, open-source software offers functionalities well-suited for small forestry companies with limited staff, being compatible across various platforms. The widespread availability and adoption of open-source forestry software present challenges for vendors providing on-premises and cloud-based solutions. Key open-source tools include Open Foris, GitHub, SIMO, and EucaTool. Thus, such factors may impede the growth of the market during the forecast period.
The large enterprise segment will be significant during the forecast period. The rising usage of forestry software in large enterprises reflects a growing recognition of the key role technology plays in optimizing forest management and resource utilization. Large enterprises in the forestry sector are increasingly turning to advanced software solutions to enhance their operations, streamline processes, and make informed decisions. Forestry software offers comprehensive tools for data analysis, resource mapping, and predictive modeling, allowing enterprises to efficiently manage vast expanses of forested land.
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The large enterprise segment showed a gradual increase in the market share of USD 588.76 million in 2018. Further, the adoption of artificial intelligence and machine learning components in forestry software contributes to more accurate predictions of timber yields, disease outbreaks, and environmental impacts. As large enterprises recognize the benefits of raised efficiency, sustainability, and data-driven decision-making, the usage of forestry software is becoming integral to their overall strategy, facilitating a more sophisticated and sustainable approach to forest management on a large scale. These factors will drive the growth of the large enterprises segment of the market during the forecast period.
The on-premises forestry software is deployed by large forestry companies as well as companies that are equipped with IT infrastructure, internal IT support teams, and servers. On-premises forestry software, requiring procurement, installation, and dedicated IT support, grants companies control, customization, and enhanced security. Amid heavy regulations, large forestry firms prefer on-premises deployment, avoiding cloud storage. However, evolving cloud computing trends lead software vendors to offer cloud-based solutions with on-premises features. In addition. the implementation of on-premises software also takes longer than that of cloud-based software. As a result, the adoption of on-premises forestry software is declining, which in turn is expected to hinder the growth of the on-premises segment of the global forestry software market during the forecast period.
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APAC is estimated to contribute 33% to the growth of the global market during the forecast period.
Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Another region offering significant growth opportunities to companies is North America. The North American forestry software market is poised for significant growth, fueled by the widespread adoption of advanced technologies and a concentration of market players in the region. The US and Canada lead in embracing integrated, diverse, and productive forestry practices, with a focus on cloud-based solutions.
Moreover, regulatory compliance, particularly by bodies like Forest Invention and Analysis (FIA), enhances software adoption for sustainable forest management. Continuous innovation by vendors, incorporating cloud computing, AI, big data, and mobile tech, further propels market expansion amid competitive pressures. Hence, such factors are expected to drive market growth in this region during the forecast period.
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ArboStar: The company offers forestry software namely ArboStar, a cloud-based business management platform for billing, invoicing modules, work orders, HR equipment, and communication module.
Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028
The market is witnessing significant growth driven by the increasing demand for efficient inventory tracking and harvesting solutions. These software systems streamline contract management processes, optimize harvest sizes, and facilitate effective resource allocation. Advanced features such as interactive calendars and automation of lumber-related tasks help in implementing best practices across the industry. Further, a notable trend in the market is the adoption of a hybrid business model, integrating big data technology and AI-based forestry for improved decision-making. This approach enhances financial expenditures management and mitigates challenges such as lack of experience and professional consciousness.
Additionally, recent developments in the sector are focused on compliance with evolving trade regulations and catering to the specific needs of wood processing companies. System solutions offered by digital platforms ensure a significant return on investment for forestry stakeholders. Overall, the market is poised for growth, driven by innovation and the pursuit of operational excellence.
Forestry Software Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.51% |
Market Growth 2024-2028 |
USD 519.49 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.97 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 33% |
Key countries |
US, Canada, China, Russia, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AFRY AB, ArborNote, ArboStar, Assisi Software Corp, Caribou Software, Creative Information Systems Inc., Disprax Pty Ltd, Enfor Consultants Ltd., Esri Global Inc., Forest Metrix, Forestry Systems Inc., Legna Software LLC, Mason Bruce and Girard Inc., Microforest Pty Ltd, Orbis, PlanIT Geo, Remsoft, Softree Technical Systems Inc., TRACT, and Trimble Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Qualitative Analysis
6 Five Forces Analysis
7 Market Segmentation by End-user
8 Market Segmentation by Deployment
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
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