Global Forestry Software Market 2019-2023
About this market
The digitalization of forest operations is one of the key factors expected to trigger the market growth during the forecast period. Forestry companies are increasingly adopting interfaces for digitalizing communication platforms, service channels, and trading tools. In addition, digital technologies are enabling companies in the forestry sector for integrating intelligent forestry management and harvesting. As a result, the adoption of remote sensing and satellite imagery technologies in forestry operations will provide accurate measurement and inventory forecasts based on harvest tracking, resulting, in the overall growth of the market. Technavio’s analysts have predicted that the forestry software market will register a CAGR of over 22% by 2023.
Adoption of automated forestry management
The adoption of automated forestry software enables to explore new opportunities and establish hybrid or new business models integrated with both legacy and automated business processes. This will drive the growth of the market during the forecast period.
Stringent government regulations for forestry management
The forestry industry is highly regulated, which restricts the number of forestry companies establishing businesses, resulting in the saturation of the customer base of forestry software vendors.
For the detailed list of factors that will drive and challenge the growth of the forestry software market during 2019-2023, view our report.
The market appears to be moderately fragmented with the presence of several market players. Forestry companies are focusing on using the forestry software and AI features in simplifying routine field activities, developing methods to reduce human errors, and investment appraisals. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Forestry Software Market 2019-2023
Technavio recognizes the following companies as the key players in the global forestry software market: Mason, Bruce & Girard Inc., Remsoft, Silvacom Ltd., Topcon Positioning Systems Inc., and Trimble Inc.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing demand for AI-based forestry.”
According to the report, one of the major drivers for this market is the rise in adoption of cloud-based forestry software.
Further, the report states that one of the major factors hindering the growth of this market is the availability of open-source forestry software.
Mason, Bruce & Girard Inc.RemsoftSilvacom Ltd.Topcon Positioning Systems Inc.Trimble Inc.
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