Global Forestry Software Market Size, Trends and Growth Opportunity, By Product Type, Application, Technology, By Region and forecast till 2027.

Global Forestry Software Market was valued at USD 1.25 billion in 2021 and is slated to reach at USD 3.78 billion by 2027 at a CAGR of 14.59 % from 2022-2027.

Forecasting, inventory management, harvesting, and contract administration are just a few of the duties that users of forestry software may manage in the forest business. The software helps businesses anticipate harvest volumes and allocate resources more effectively. Calendars can be created by users to plan operations and assign resources to projects involving lumber. Industry managers rarely use tools to help them follow rules and industry standards. Acceptance of forestry software makes it easier to manage forests by minimising manual paperwork and offering a streamlined system for handling all activities.

Market Drivers

A growing need for a new hybrid business model platform that can handle automated processes and old forest business operations on a single platform is anticipated to boost the market. In order to boost the effectiveness of software platforms, organisations are investing in technologies that incorporate big data technology. The market for forestry software is anticipated to grow as a result of this. The forestry software industry is being driven by the rising use of cloud-based applications and support software. Due to decreased operational expenses and infrastructure failures, cloud-based forestry software is becoming more and more popular among forestry enterprises. The need for purchasing and installing storage as well as computing hardware is removed with cloud-based forestry software.

The global market for forestry software is expanding as a result of the rising need for AI-based forestry, which is a major trend. Numerous industrial sectors, including forestry, where data gathering and analytics are essential for efficient operations and supply chain management, have been transformed by advances in artificial intelligence (AI) technology and research.

Market Restraint

Growth during the growth era may be hampered by a number of problems, including high financial costs and a lack of professional awareness and expertise among forest supervisors.

Impact of COVID-19

The Covid-19 epidemic is anticipated to have a negative impact on the worldwide forestry software market. Wood processing firms are lowering their investment in cutting-edge software and system solutions in order to preserve revenue during the pandemic. Some businesses have refrained from making any investments in cutting-edge business solutions and instruments due to the low return on investment in logging and wood processing operations. The market for forestry software solutions is declining during the Covid-19 lockout. However, it is anticipated to expand at a moderate rate over the projection period as a result of companies' greater reliance on digital platforms.

Market Segmentation

Global Forestry Software Market is segmented into Product Type, Application, & Technology. By Product Type such as On-Premises Forestry Software, Cloud-Based Forestry Software.

By Application

such as Forest Management, Logging Management, Mapwork Harvester, Inventory & Logistics Management, Other. By Technology such as Cut-to-Length, Geospatial, Fire Detection.

Regional Analysis

North America is anticipated to be the largest regional market for forestry software due to early adoption of cutting-edge technologies and digital platform solutions to lower operating costs and increase efficiency in wood processing industries. The market for forestry software in the Asia-Pacific is anticipated to grow quickly during the forecast period as a result of increased investments made by major players in the region's business solutions as well as improved awareness of the advantages of forestry software platforms.

Key Players

This report includes a list of numerous key players; namely 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.).

Market Taxonomy

By Product Type

• On-Premises Forestry Software
• Cloud-Based Forestry Software

By Technology

• Cut-to-Length
• Geospatial
• Fire Detection

By Application

• Forest Management
• Logging Management
• Mapwork Harvester
• Inventory & Logistics Management
• Other

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.