What is Smart Forestry Market?
Smart forestry is the branch of sustainable forest management which aims for managing the forest in response to climate change. It combines the ecologically-based forestry, best site-management practices, in coordination with adjacent landowners. It focuses to use nature’s clues as a guide to match the tree and plant species with the right habitat type over the life of a forest. This method ensures that right species in the right place are placed where it will thrive. The smart forestry includes the machinery and software.
The market study is being classified, by Application (Maintaining forest biodiversity, Promoting Adoption and Mitigation, SFM, Integration of Social Dimension and Others) and major geographies with country level break-up.
Probos (Netherlands), SMART Forest Solutions (United States), AF POYRY AB (Sweden), The forest company (Brazil), Metsahallitus (Finland), Nikkei Inc. (Japan), Ecotrust (United States) and Drax Group plc (United Kingdom) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Smart Forestry market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Smart Forestry market by Type, Application and Region.
On the basis of geography, the market of Smart Forestry has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Focus on Climate Change
- Increasing Implementation of the Smart Forestry
- High Costs Associated with Equipment and Software
- Government Initiatives and Investments for Smart Forestry
- Stiff Competition Among the Major Players
Key Target AudienceEquipment Manufacturers, Raw material suppliers, Government associations, Research organizations, Software vendors and Others
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