What is Cannabis Industry Software Market Scope?
Cannabis refers to a group of three plants known as marijuana, Indian hemp, and Cannabis ruderalis, all of which have psychoactive properties. When the blossoms of those plants are plucked and dried, you have one of the most widely used medications on the planet. Some people call it weed, some call it pot, and still, others call it marijuana. Names for marijuana are changing as it becomes legal in more places. Cannabis industry software allows firms to manage and track their inventory from seed to sale. Some seed-to-sale software is used to run an entire business, while others are used to track inventory throughout its lifecycle for legal compliance. The marijuana software A number of the primary drivers driving the expansion of the cannabis industry software market include tracking the lifespan of cannabis goods from planting to final sale and providing solutions to ensure legal compliance across production.
The Cannabis Industry Software market study is being classified and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Cannabis Industry Software market throughout the predicted period.
Akerna Corp (Canada), Canix (United States), Distru (United States), Flourish Software (United States), Flowhub (United States), Greenbits Inc. (United States), Helix BioTrack (United States), MJ Freeway (United States), Retail Innovation Labs LLC (Cova Software) (United States) and SYSPRO (South Africa) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Entcart, TREEZ, Greenline POS, TechPOS International Corp, Existo LLC. and Calgary Pos.
Analyst at AMA have segmented the market study of Global Cannabis Industry Software market by Type, Application and Region.
On the basis of geography, the market of Cannabis Industry Software 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). North America region held largest market share in the year 2020.
Market Influencers and their development strategies
On 16th 2021, Flourish Software, a leading enterprise seed-to-sale tracking, and supply chain management software solution built for regulated cannabis, CBD, and hemp cultivators, manufacturers, distributors, and retailers, is pleased to announce it has now received its System and Organization Controls for Services Organizations Type II (SOC 2 Type II) report following an independent audit conducted by Aprio, a licensed public accounting firm and certified specialist in SOC reporting.
On 8th July 2020, Akerna Corp. a leading provider of enterprise software solutions for the cannabis industry and developer of the cannabis industry's first seed-to-sale enterprise resource planning (ERP) software technology, is pleased to announce it has completed its acquisition of Ample Organics Inc., Canada's industry-leading seed-to-sale platform with a majority market share.
Influencing Market Trend
- The increasing government initiatives Regarding cannabis
- The Growing Cloud-based solutions
- The management of a cannabis businessí supply chain and distribution
- The increasing popularity of Cannabis Seed to Sale Software
- The rising demand for the Technological advance Software
- The high demand from developing Countries
- The technological complexities
- The regulations and policies
Key Target AudienceSoftware Providers, Research Organizations, Regulatory Bodies and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Cannabis Industry Software market expands?
The Global Cannabis Industry Software market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Cannabis Industry Software market?
The prominent players of Global Cannabis Industry Software market are Akerna Corp (Canada), Canix (United States), Distru (United States), Flourish Software (United States), Flowhub (United States), Greenbits Inc. (United States), Helix BioTrack (United States), MJ Freeway (United States), Retail Innovation Labs LLC (Cova Software) (United States) and SYSPRO (South Africa), to name a few.
3. What are the top priorities to focus for Cannabis Industry Software marketís growth?
In this highly competitive & fast evolving Cannabis Industry Software industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.