The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2081

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.

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.

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What Are The Key Trends That Influence Forestry Software Share Analysis?
Companies in the forestry software market are advancing cloud-based log settlement solutions to automate and streamline the tracking, valuation, and settlement of log transactions. These solutions improve efficiency, accuracy, and transparency in forestry operations. For instance, in July 2023, Trimble, a US-based software company, introduced a new cloud-based version of its Log Inventory and Management System (LIMS), called LIMS PRO. This cloud-hosted solution enhances operational visibility and efficiency for small- and medium-sized forest product companies by digitizing lumber supply chain workflows. It offers features such as mobile ticketing, real-time reconciliation, and automated invoicing, enabling smaller forestry companies to achieve productivity and growth gains previously available only to larger enterprises.

Which Market Players Are Driving Growth In The Forestry Software Market?
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

How Is The Global Forestry Software Market 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 Applications

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The Forestry Software Global Market Report 2024 provides an overview of the forestry softwaremarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The forestry software market forecast analyzes forestry software market size, forestry software market share, leading competitor and their market positions.

The Table Of Content For The Forestry Software Market Include
1. Forestry Software Market Executive Summary
2. Forestry Software Market Segments
3. Forestry Software Market Size And Template Market Growth Rate
4.  Key Forestry Software Market Trends
5. Major Forestry Software Market Drivers
……
25. Key Mergers And Acquisitions In The Forestry Software Market
26. Top Forestry Software Companies
27. Forestry Software Market Opportunities And Strategies
28. Forestry Software Market, Conclusions And Recommendations
29. Appendix

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