Global Forestry Software Market, By Product Type (On-Premises Forestry Software, Cloud-Based Forestry Software), Application (Forest Management, Logging Management, Mapwork Harvester, Inventory & Logistics Management, Other), Technology (Cut-to-Length, Geospatial, Fire Detection) – Industry Trends and Forecast to 2029.
Forestry Software Market Analysis and Size
The use of forestry software enables us to identify new opportunities and create new or hybrid business models that are integrated with both automated and legacy business processes. To allot the equipment and optimise the entire value chain, the end-user can schedule all operational tasks in a calendar format.
Data Bridge Market Research analyses that the forestry software market which was growing at a value of 1.25 billion in 2021 and is expected to reach the value of USD 6.30 billion by 2029, at a CAGR of 22.4% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Forestry Software Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Product Type (On-Premises Forestry Software, Cloud-Based Forestry Software), Application (Forest Management, Logging Management, Mapwork Harvester, Inventory & Logistics Management, Other), Technology (Cut-to-Length, Geospatial, Fire Detection) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
AG Leader Technology Inc. (U.S.), AGCO Corporation (U.S.), AgJunction Inc. (Canada), AgEagle Aerial Systems, Inc. (U.S.), Valmont Industries Inc. (U.S.), Agsmart Pty Ltd (Australia), BouMatic (U.S.), CROPMETRICS (U.S.), CropX Inc. (Israel), Deere & Company (U.S.), Farmers Edge Inc. (Canada), GEA Group Aktiengesellschaft (Germany), Monsanto Company (U.S.), Taranis (U.S.), Precision Planting LLC (U.S.), Raven Industries Inc. (U.S.), Topcon (Japan), Tetra Laval International S.A. (Switzerland), and Trimble Inc. (U.S.) |
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Opportunities |
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Market Definition
Forestry software enables users in the forest industry to manage tasks such as forecasting, inventory tracking, harvesting, and contract management. Companies use the software to forecast harvest sizes and optimize resource allocation. Users can make calendars to manage operations and allocate equipment to finish lumber-related tasks. Few products aid industry managers in adhering to regulations and best practices. Acceptance of forestry software simplifies forest management by reducing manual paperwork and providing an integrated method for managing all tasks.
Global Forestry Software Market Dynamics
Drivers
- Hybrid business model
The market is expected to be driven by an increasing demand for a new hybrid business model platform to accomplish automated processes and legacy forest business operations on a single platform. Organizations are investing in tools that integrate big data technology to improve the efficiency of software platforms. This is also expected to boost the market for forestry software.
- High prevalence of cloud-based software
The growing acceptance of cloud-based software and support software is driving the forestry software market. Cloud-based forestry software is gaining popularity among forestry organizations due to reduced operational costs and infrastructure failures. Cloud-based forestry software eliminates the need for computing hardware as well as storage procurement and installation.
Opportunities
- AI revolution
The growing demand for AI-based forestry is a key trend influencing the growth of the global forestry software market. Artificial intelligence (AI) technological and research breakthroughs have revolutionized various industrial sectors such as forestry, where data collection and analytics are critical for effective operations and supply chain management.
Restraints
- High capital requirements
Some factors, such as large financial expenditures and a lack of experience and professional consciousness among forest supervisors, may impede growth during the growth period.
This forestry software market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the forestry software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Global Forestry Software Market
The global forestry software market is expected to suffer as a result of the Covid-19 pandemic. To maintain revenue during the pandemic, wood processing companies are reducing their investment in advanced software and system solutions. Because of the low return on investment in logging and wood processing operations, some organizations have withheld all investments in advanced business solutions and tools. During the Covid-19 lockdown, demand for forestry software solutions is decreasing. However, due to the increased reliance of organizations on digital platforms, it is expected to grow at a moderate pace during the forecast period.
Global Forestry Software Market Scope
The forestry software market is segmented on the basis of product type, application and technology. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- On-Premises Forestry Software
- Cloud-Based Forestry Software
Technology
- Cut-to-Length
- Geospatial
- Fire Detection
Application
- Forest Management
- Logging Management
- Mapwork Harvester
- Inventory & Logistics Management
- Other
Forestry Software Market Regional Analysis/Insights
The forestry software market is analyzed and market size insights and trends are provided by country, product type, application and technology as referenced above.
The countries covered in the forestry software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to be the major regional market for forestry software due to early adoption of advanced technologies and digital platform solutions to reduce operational costs and improve productivity in wood processing operations.
Asia-Pacific forestry software market is expected to expand rapidly during the forecast period, owing to increased investment by major players in providing business solutions across the r andll as increased awareness of the benefits of forestry software platforms in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Forestry Software Market Share Analysis
The forestry software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to forestry software market.
Some of the major players operating in the forestry software market are:
- A.G. Leader Technology Inc. (U.S.)
- AGCO Corporation (U.S.)
- AgJunction Inc. (Canada)
- AgEagle Aerial Systems, Inc. (U.S.)
- Valmont Industries Inc. (U.S.)
- Agsmart Pty Ltd (Australia)
- BouMatic (U.S.)
- CROPMETRICS (U.S.)
- CropX Inc. (Israel)
- Deere & Company (U.S.)
- Farmers Edge Inc. (Canada)
- GEA Group Aktiengesellschaft (Germany)
- Monsanto Company (U.S.)
- Taranis (U.S.)
- Precision Planting LLC (U.S.)
- Raven Industries Inc. (U.S.)
- Topcon (Japan)
- Tetra Laval International S.A. (Switzerland)
- Trimble Inc. (U.S.)
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