7/18/2021 Forestry Software Market Key Players, Size, Trends, Opportunities and growth Analysis – Facts and Trends

Forestry Software Market Key Players, Size,

Trends, Opportunities and growth Analysis
JULY 18, 2021 BY SURENDRA CHOUDHARY  ♥

Forestry Software Market – Introduction

Forestry software helps forestry industry professionals to manage different operations such as
operating harvest, forecasting, machine contracts, and tracking inventory. The end-user can
schedule all operational tasks in a calendar format to allocate the equipment and optimize the
entire value chain.
Forestry software provides detailed information related to trading regulations, new recent
industry developments, production analysis, import/export analysis, market share, impact
analysis of various industry factors and opportunities.
Forestry software helps reduce the expenses on monitoring and high-level inspection activities in
the business process. Forestry software enables industry experts to perform all operations on
digital platforms with integrated business methods instead of manual paperwork.

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The adoption of forestry software is expected to increase among end-users to reduce operational
cost and operation time by automated weighing, asset tracking, and real-time overview on
financial operations

Key Drivers of the Forestry Software Market

Increase in demand for a new hybrid business model platform to manage automated processes
and legacy forest business operations on a single platform is expected to drive the market.

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7/18/2021 Forestry Software Market Key Players, Size, Trends, Opportunities and growth Analysis – Facts and Trends

Companies are investing in tools to enhance the efficiency of software platforms by integrating
Big Data technology, which is also expected to further boost the forestry software market.
Increase in adoption of cloud-based software services and support software is expected to create
better business opportunities for solution providers of forestry software

Lack of skilled forest professional and high initial cost to hinder

market

Lack of skilled professionals or forest supervisors in the industry, to use forestry software and all
features to increase the efficiency of the operation, is expected to restrain the market. The high
initial cost to implement and integrate the forestry software with all legacy systems is expected
to also hamper the market.

Impact of COVID-19 on Global Forestry Software Market

Wood processing companies are decreasing investment in advanced software and system
solutions to maintain their revenues during the COVID-19 pandemic. Some companies have
withheld all investments in advanced business solutions and tools due to the low return on
investment in logging and wood processing operations.
Demand for forestry software solutions is decreasing during the COVID-19 lockdown situations.
However, it is likely to expand at a moderate pace during the forecast period due to an increase
in dependency of companies on digital platforms.

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North America to Hold Major Share of Global Forestry Software

Market

North America holds a prominent share of the global forestry software market due to the early
adoption of advanced technologies and digital platform solutions to enhance productivity and
reduce operational cost in wood processing operation.
The forestry software market in Asia Pacific is estimated to expand at a rapid pace during the
forecast period due to a surge in investment by major players to provide business solutions
across the region and also due to a rise in the awareness regarding the benefits of forestry
software platforms in Asia Pacific.

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