Market by Technology (Data analytics & intelligence, Guidance technology, Sensing technology, Variable rate application technology, Other technologies), Type (Software As A Service (SAAS), Equipment As A Service (EAAS)), Application (Yield mapping and monitoring, Soil management, Crop health management, Navigation and positioning, Other applications), and Country Outlook | Forecast 2024-2032
Triton’s analysis estimated that the Middle East and Africa agriculture technology as a service market is set to garner revenue at 16.18% CAGR over the forecast years 2024-2032.
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Countries in the Middle East and Africa region are addressing food security and water scarcity challenges through innovative agricultural technologies. For instance, the government of Dubai launched an initiative named ‘Grow Your Food’ to foster the adoption of organic farming and reduce reliance on food imports. The Ministry of Climate Change and Environment in UAE also launched the ‘Agricultural Innovation Centre’ to collaborate with leading international centers specializing in agricultural technologies by conducting joint scientific research and partnership programs to enhance the country’s agricultural system. Such factors lead to a consistent expansion of the reviewed market in this region.
The countries examined in this region include:
United Arab Emirates leads with the highest market share, accounting for nearly $5.84 million in 2023.
The UAE government has made significant investments in agritech to enhance food security and sustainability with initiatives such as the National Food Security Strategy 2051 to increase local food production by 30-40% within a decade.
Companies like Pure Harvest Smart Farms are implementing advanced technologies such as hydroponics and vertical farming, which have shown considerable success in the UAE’s harsh climatic conditions.
The UAE’s focus on the increase in the cultivation of high-demand crops and enhanced the overall efficiency of farming practices contributed to the sector’s robust development.
Agriculture Technology as a Service Market Trends in Saudi Arabia
In 2022, Saudi Arabia’s agriculture sector experienced a growth of over 7.8%. Aligned with Vision 2030, the country is advancing cutting-edge agricultural technologies, including vertical farming, hydroponics, aquaponics, drones, and automated farming. The sector is also set to receive a significant boost, with the Ministry of Economy and Planning announcing an investment of US$ 24.26 billion. As a result, Saudi Arabia has emerged as a promising market for next-generation farming innovations, thereby leading the expansion of the reviewed market.
The market segments for agriculture technology as a service consist of technology, application, and type. The application segment includes soil management, crop health management, yield mapping and monitoring, navigation and positioning, & other applications. Crop health management services optimize the application of crop protection chemicals and fertilizers to specific areas, resulting in significant cost savings and improved yields. These services use data from field monitoring systems, such as satellites and drones, to identify which sections of a farm need treatment.
Contender Analysis in the Agriculture Technology as a Service Market:
Hexagon AB provides a range of technology solutions, including software solutions, sensor solutions, and autonomous systems. Their offerings include sensor technology-equipped metrology systems, CAD (computer-aided design) software, and CAM (computer-aided manufacturing) software. Its products are used in various industries such as construction, mining, agriculture, aerospace, automotive, defense, and manufacturing. The company operates across Asia, Europe, Americas, the Middle East and Africa, with its headquarters located in Stockholm, Sweden.
The company’s agriculture division introduced an app, the HxGN AgrOn Control Room | Mobile, enabling users to monitor all field processes directly from their cell phones. This app was developed in response to the needs of managers and directors of agricultural companies for greater agility in overseeing operations and addressing related issues.
Some other notable contenders in the agriculture technology as a service market include Agco Corporation, Deere and Company, Trimble Inc, Raven Industries Inc, Fujitsu, Topcon Corporation, CLAAS KGaA mbH, Hexagon AB, IBM Corporation, and Microsoft Corporation.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the agriculture technology as a service market revenue growth in Middle East and Africa and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Middle East and Africa agriculture technology as a service market’s growth during the upcoming years
Market by Technology (Data ana ..
VIEW REPORT1. MIDDLE
EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON AGRICULTURE TECHNOLOGY AS A SERVICE MARKET
2.1.1. COVID-19
IMPACT ON AGRICULTURE TECHNOLOGY AS A SERVICE MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. KEY BUYING
IMPACT ANALYSIS
2.3.1. DATA
ANALYSIS
2.3.2. CONNECTIVITY
2.3.3. DATA
SECURITY
2.3.4. DATA
COLLECTION FREQUENCY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. KEY
MARKET STRATEGIES
2.5.1. COLLABORATIONS
2.5.2. PRODUCT
LAUNCHES
2.5.3. INVESTMENTS
& EXPANSIONS
2.6. MARKET
DRIVERS
2.6.1. NECESSITY
OF PRECISION AGRICULTURE FROM AN ECONOMIC STANDPOINT
2.6.2. MINIMAL
CAPITAL INVESTMENT FOR OPERATING SERVICES
2.6.3. SURGING
TECHNOLOGICAL INNOVATIONS AND ADVANCEMENTS IN AGRICULTURE
2.7. MARKET
CHALLENGES
2.7.1. INADEQUATE
TECHNICAL EXPERTISE AMONG FARMERS
2.7.2. LACK
OF CONNECTIVITY AFFECTING TECHNOLOGICAL
SERVICES
2.8. MARKET
OPPORTUNITIES
2.8.1. INCREASING
DEMAND FOR FOOD WITH THE RISING GLOBAL POPULATION
2.8.2. INTEGRATION
OF INTERNET OF THINGS (IOT) AND SENSOR TECHNOLOGIES IN AGRICULTURE
2.8.3. GROWING
CONCERNS ABOUT CLIMATE CHANGE AND ITS IMPACT ON AGRICULTURE
2.9. ANALYST
PERSPECTIVE
3. MIDDLE
EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET – BY TECHNOLOGY
3.1. DATA
ANALYTICS & INTELLIGENCE
3.2. GUIDANCE
TECHNOLOGY
3.3. SENSING
TECHNOLOGY
3.4. VARIABLE
RATE APPLICATION TECHNOLOGY
3.5. OTHER
TECHNOLOGIES
4. MIDDLE
EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET – BY TYPE
4.1. SOFTWARE
AS A SERVICE (SAAS)
4.2. EQUIPMENT
AS A SERVICE (EAAS)
5. MIDDLE
EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET – BY APPLICATION
5.1. YIELD
MAPPING AND MONITORING
5.2. SOIL
MANAGEMENT
5.3. CROP
HEALTH MANAGEMENT
5.4. NAVIGATION
AND POSITIONING
5.5. OTHER APPLICATIONS
6. MIDDLE
EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET – BY COUNTRY OUTLOOK
6.1. MIDDLE
EAST AND AFRICA
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. UNITED
ARAB EMIRATES
6.1.1.1.1. UNITED
ARAB EMIRATES AGRICULTURE TECHNOLOGY AS A SERVICE MARKET FORECAST &
PROSPECTS
6.1.1.2. SAUDI
ARABIA
6.1.1.2.1. SAUDI
ARABIA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET FORECAST & PROSPECTS
6.1.1.3. TURKEY
6.1.1.3.1. TURKEY
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET FORECAST & PROSPECTS
6.1.1.4. SOUTH
AFRICA
6.1.1.4.1. SOUTH AFRICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET FORECAST & PROSPECTS
6.1.1.5. REST
OF MIDDLE EAST & AFRICA
6.1.1.5.1. REST
OF MIDDLE EAST & AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET FORECAST
& PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. AGCO
CORPORATION
7.1.1. OVERVIEW
7.1.2. PRODUCT
PORTFOLIO
7.1.3. KEY
STRENGTH
7.1.4. KEY
CHALLENGE
7.2. DEERE
AND COMPANY
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTH
7.2.4. KEY
CHALLENGE
7.3. TRIMBLE
INC
7.3.1. OVERVIEW
7.3.2. PRODUCT
PORTFOLIO
7.3.3. KEY
STRENGTHS
7.3.4. KEY
CHALLENGES
7.4. RAVEN
INDUSTRIES INC
7.4.1. OVERVIEW
7.4.2. PRODUCT
PORTFOLIO
7.4.3. KEY
STRENGTH
7.4.4. KEY
CHALLENGE
7.5. FUJITSU
7.5.1. OVERVIEW
7.5.2. PRODUCT
PORTFOLIO
7.5.3. KEY
STRENGTH
7.5.4. KEY
CHALLENGES
7.6. TOPCON
CORPORATION
7.6.1. OVERVIEW
7.6.2. PRODUCT
PORTFOLIO
7.6.3. KEY
STRENGTH
7.6.4. KEY
CHALLENGE
7.7. CLAAS
KGAA MBH
7.7.1. OVERVIEW
7.7.2. PRODUCT
PORTFOLIO
7.7.3. KEY
STRENGTH
7.7.4. KEY
CHALLENGES
7.8. HEXAGON
AB
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTH
7.8.4. KEY
CHALLENGE
7.9. IBM
CORPORATION
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY STRENGTHS
7.9.4. KEY
CHALLENGE
7.10. MICROSOFT
CORPORATION
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY
STRENGTH
7.10.4. KEY
CHALLENGE
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE
1: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY
COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE
2: LIST OF COLLABORATIONS
TABLE
3: LIST OF PRODUCT LAUNCHES
TABLE
4: LIST OF INVESTMENTS & EXPANSIONS
TABLE
5: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY
TECHNOLOGY, 2024-2032 (IN $ MILLION)
TABLE
6: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TYPE,
2024-2032 (IN $ MILLION)
TABLE
7: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY
APPLICATION, 2024-2032 (IN $ MILLION)
TABLE
8: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY
COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
FIGURE
1: PORTER’S FIVE FORCES ANALYSIS
FIGURE
2: KEY BUYING IMPACT ANALYSIS
FIGURE
3: MARKET ATTRACTIVENESS INDEX
FIGURE
4: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY
TECHNOLOGY, 2023 & 2032 (IN %)
FIGURE
5: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY DATA
ANALYTICS & INTELLIGENCE, 2024-2032 (IN $ MILLION)
FIGURE
6: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY
GUIDANCE TECHNOLOGY, 2024-2032 (IN $ MILLION)
FIGURE
7: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY
SENSING TECHNOLOGY, 2024-2032 (IN $ MILLION)
FIGURE
8: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY
VARIABLE RATE APPLICATION TECHNOLOGY, 2024-2032 (IN $ MILLION)
FIGURE
9: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY OTHER
TECHNOLOGIES, 2024-2032 (IN $ MILLION)
FIGURE
10: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TYPE,
2023 & 2032 (IN %)
FIGURE
11: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY
SOFTWARE AS A SERVICE (SAAS), 2024-2032 (IN $ MILLION)
FIGURE
12: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY
EQUIPMENT AS A SERVICE (EAAS), 2024-2032 (IN $ MILLION)
FIGURE
13: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY
APPLICATION, 2023 & 2032 (IN %)
FIGURE
14: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY YIELD
MAPPING AND MONITORING, 2024-2032 (IN $ MILLION)
FIGURE
15: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SOIL
MANAGEMENT, 2024-2032 (IN $ MILLION)
FIGURE
16: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY CROP
HEALTH MANAGEMENT, 2024-2032 (IN $ MILLION)
FIGURE
17: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY
NAVIGATION AND POSITIONING, 2024-2032 (IN $ MILLION)
FIGURE
18: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY OTHER
APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE
19: MIDDLE EAST AND AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY COUNTRY
OUTLOOK, 2023 & 2032 (IN %)
FIGURE
20: UNITED ARAB EMIRATES AGRICULTURE TECHNOLOGY AS A SERVICE MARKET 2024-2032
(IN $ MILLION)
FIGURE
21: SAUDI ARABIA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET 2024-2032 (IN $
MILLION)
FIGURE
22: TURKEY AGRICULTURE TECHNOLOGY AS A SERVICE MARKET 2024-2032 (IN $ MILLION)
FIGURE
23: SOUTH AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET 2024-2032 (IN $
MILLION)
FIGURE
24: REST OF MIDDLE EAST & AFRICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET
2024-2032 (IN $ MILLION)