Global Forestry Software Market Growth Analysis 2024

Overview and Scope
Forestry software is specialized technology designed to streamline and optimize various aspects of forest management, including inventory tracking, planning, sustainability assessment, and resource optimization that enhances efficiency and decision-making in the forestry industry. The primary purpose of forestry software is to facilitate efficient management and optimization of forestry operations and resources

Sizing and Forecast
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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Segmentation & Regional Insights
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

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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The forestry software market report table of contents includes:

1. Executive Summary
2. Forestry Software Market Characteristics
3. Forestry Software Market Trends And Strategies
4. Forestry Software Market – Macro Economic Scenario
5. Global Forestry Software Market Size and Growth
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32. Global Forestry Software Market Competitive Benchmarking
33. Global Forestry Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Forestry Software Market
35. Forestry Software Market Future Outlook and Potential Analysis
36. Appendix

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