NEW YORK, Feb. 23, 2023 /PRNewswire/ -- According to Technavio, the global forestry software market size is estimated to grow by USD 456.39 million from 2022 to 2027. The market is estimated to grow at a CAGR of 6.2% during the forecast period. The report includes historic market data from 2017 to 2021. North America will account for 41% of the market growth during the forecast period.

For insights on the historic (2017 to 2021) and forecast market size (2022 to 2027)  Request a sample report

Global Forestry Software Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on deployment (on-premise and cloud-based), end-user (large enterprise, small, and medium enterprise), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

• The market growth in the on-premise segment will be significant during the forecast period. On-premise forestry software can be customized as per companies requirements and provides an extra layer of security. It also provides complete control and ownership over the management of software operations and critical data. Such benefits are increasing the adoption of on-premise forestry software.

Get a detailed analysis of the market growth across each segment – Buy the Report

Geography Overview
By geography, the global forestry software market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global forestry software market.

• North America will account for 41% of the market growth during the forecast period. Vendors operating in the region are focusing on frequent product introduction and software upgrades to overcome the challenges of competitive pressure from global and regional vendors. Vendors in the region are also incorporating advanced technologies such as cloud computing, AI, big data, analytics, mobile technology, and sensor technologies. All these factors are driving the growth of the forestry software market in North America.

For insights on global, regional, and country level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Global Forestry Software Market – Market Dynamics

Key factor driving market growth

• The adoption of automated forestry management software is driving the growth of the market.

• End-users in the market are exhibiting increased demand for automated forestry management software.

• Automated forestry management software reduces the time gap between forestry and logging operations and industrial wood processing.

• It simplifies the forestry management process, reduces manual paperwork, and provides an integrated approach to managing all tasks.

• This leads to a reduction in operational costs and time, which is increasing the significance of automated forestry management software among end-users.

Leading trends influencing the market 

• The rising adoption of big data in forestry is the key trend in the market.

• Market players are integrating forestry management software with big data to generate predictive modeling to plan their operations.

• It helps companies to forecast the environmental impact of planned harvests, controlled burns, and timberland and forest portfolio management.

• The use of big data is expected to gain more significance during the forecast period with increasing adoption of cloud computing, networking, and data analytics

Major challenges hindering market growth

• The availability of open-source forestry software is a key challenge in the market.

• Companies that do not have adequate capital investment for licensed forestry software look for open-source software.

• The adoption of open-source forestry software is high in developing countries such as China, India, and South American countries.

• This is posing a challenge for vendors offering on-premise and cloud-based forestry solutions.

 For more insights on the market drivers, trends & challenges - Download a sample report.

What are the key data covered in this forestry software market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the forestry software market between 2023 and 2027

• Precise estimation of the size of the forestry software market size and its contribution to the market in focus on the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the forestry software market industry across North America, Europe, APAC, South America, and Middle East and Africa

• A thorough analysis of the market's competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of forestry software market vendors

Gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

Related Reports:

• The geospatial analytics market size is expected to increase to USD 80.74 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 16.43%. The rising applications of geospatial data analytics in disaster management is notably driving the geospatial analytics market growth, although factors such as data privacy and security concerns may impede the market growth.

• The GIS market is estimated to grow at a CAGR of 16.42% between 2022 and 2027. The size of the market is forecast to increase by USD 13,429.94 million. The rising applications of GIS solutions in disaster management are notably driving the market growth, although factors such as data privacy and security concerns may impede the market growth.

Browse for Technavio's information technology market reports

Table of contents:

1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

• 4.1 Global forestry software market 2017 - 2021

• 4.2 Deployment Segment Analysis 2017 - 2021

• 4.3 End-user Segment Analysis 2017 - 2021

• 4.4 Geography Segment Analysis 2017 - 2021

• 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

• 5.1 Five forces summary

• 5.2 Bargaining power of buyers

• 5.3 Bargaining power of suppliers

• 5.4 Threat of new entrants

• 5.5 Threat of substitutes

• 5.6 Threat of rivalry

• 5.7 Market condition

6 Market Segmentation by Deployment

• 6.1 Market segments

• 6.2 Comparison by Deployment

• 6.3 On premise - Market size and forecast 2022-2027

• 6.4 Cloud-based - Market size and forecast 2022-2027

• 6.5 Market opportunity by Deployment

7 Market Segmentation by End-user

• 7.1 Market segments

• 7.2 Comparison by End-user

• 7.3 Large enterprise - Market size and forecast 2022-2027

• 7.4 Small and medium enterprise - Market size and forecast 2022-2027

• 7.5 Market opportunity by End-user

8 Customer Landscape

• 8.1 Customer landscape overview

9 Geographic Landscape

• 9.1 Geographic segmentation

• 9.2 Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027

• 9.4 Europe - Market size and forecast 2022-2027

• 9.5 APAC - Market size and forecast 2022-2027

• 9.6 South America - Market size and forecast 2022-2027

• 9.7 Middle East and Africa - Market size and forecast 2022-2027

• 9.8 US - Market size and forecast 2022-2027

• 9.9 China - Market size and forecast 2022-2027

• 9.10 UK - Market size and forecast 2022-2027

• 9.11 Germany - Market size and forecast 2022-2027

• 9.12 Canada - Market size and forecast 2022-2027

• 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape

• 11.3 Landscape disruption

• 11.4 Industry risks

12 Vendor Analysis

• 12.1 Vendors covered

• 12.2 Market positioning of vendors

• 12.3 ArboStar

• 12.4 Assisi Software Corp

• 12.5 Caribou Software Inc

• 12.6 Creative Information Systems Inc.

• 12.7 Disprax Pty Ltd

• 12.8 Enfor Consultants Ltd

• 12.9 Esri

• 12.10 Forest Metrix

• 12.11 Forestry Systems Inc

• 12.12 Landmark Spatial Solutions LLC

• 12.13 Legna Software LLC

• 12.14 Mason, Bruce and Girard Inc

• 12.15 Microforest Pty Ltd

• 12.16 Remsoft

• 12.17 Trimble Inc.

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist

• 13.3 Currency conversion rates for US$

• 13.4 Research methodology

• 13.5 List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/forestry-software-to-grow-at-a-cagr-of-6-2-by-2027-rising-adoption-of-big-data-in-forestry-to-be-a-leading-trend---technavio-301753038.html

SOURCE Technavio