Middle East And Africa Agriculture Analytics Market

Middle East and Africa Agriculture Analytics Market Size, Growth, Trends and Forecast:

Middle East and Africa agriculture analytics market was valued at US$ 700.8 Million in the year 2021, and by the end of 2026, the value is expected to reach US$ 1680.9 Million, with an estimated CAGR of 16.1% during the forecast period. The Middle East and Africa farmers are willing to adapt to the new advancements in technology which helps the market to grow even higher in the future.  

The increasing pressure to meet the demand for food is growing, and the governments in this region are actively taking place in try to educate the farmers on how to use the latest technology to produce maximum yield by using lesser labor.

Recent Developments:

Nanotechnology is a new addition to the agriculture analytics market, and it is proven to be a more natural and more time-efficient process, which could be the original method for innovative farming.

Drivers and Restraints of Middle East and Africa Agriculture Analytics Market:

Drivers:

The primary driver for the agriculture analytics market in the Middle East and Africa is the government’s willingness to provide subsidies to the farmers to support them to produce maximum crop yield during this high demand.

The increasing pressure to meet the need for food is very high, this technology of agriculture analytics helps provide services and suggestions to the farmers by predicting the weather, the amount of water required per crop, amount of fertilizers and pesticides to be used, tracking livestock, feeding, and breeding of animals to produce maximum yield.

The production cost of plants, maintenance cost and the equipment cost are higher in first world countries which drives the private sectors to second and third world nations, for cheaper production of crops.

Restraints:

The lack of standardization of data management in the agriculture analytical market and the lack of knowledge among the farmers is hindering the market growth in the Middle East and African region.

Middle East and Africa Agriculture Analytics Market Segmentation:

Middle East and Africa Agriculture Analytics Market - By Application Area: 

The livestock application segment is estimated to be the market leader during the forecast period with the highest CAGR. Livestock analytics involves feeding management, heat stress management, tracking of behaviors, breeding management, management of behaviors, dairy harvesting, calf management, genetic management and cattle sorting. All of these applications will help the farmer to produce maximum yield with minimum crop wastage. Lesser labor will be required for producing more crop yield. With livestock analytics, the farmer can observe and monitor the farm in real-time without being present there. In case there is any change in the behavior or health of the livestock, the farmer will know exactly what is wrong and will be able to solve the problem at the earliest possible.

The growers and the employees in major agriculture firms will be given higher wages, due to more prominent learning, and due to the production of maximum yield, the consumers of the market are drawn towards it. They are willing to invest for even better and more advanced technology.

Middle East and Africa Agriculture Analytics Market - By Farm Size: 

The agriculture analytics by farm size is segmented into three types; they are large-sized farms, medium-sized farms, and small-sized farms. The Middle East and African region contain small, less arable farms for the production of crops. These small-sized farms are usually working deficient, but they are one of the components for innovative technology. Yet the maintenance cost for this type of farm is high. But the global demand for producing food to feed the rapidly increasing population is one of the primary reasons for the agriculture analytics market to be on-demand in this region, due to this reason many of the international investors are also willing to invest in the market.

Middle East and Africa Agriculture Analytics Market - By Component: 

Based on the component in the MEA agriculture analytics market, the solution segment is estimated to be the market leader by holding the highest share. This helps enable a broad range of information about the farm and livestock for better understanding and to increase productivity. The crop yields depend on various conditions such as the weather parameters, soil condition, amount of water, the heat present in the soil, the application of fertilizers and pesticides, the different variety of seeds to be used. This helps identify the critical situations quickly, and the solution services will be able to help predict the problem and find a solution as soon as possible without ultimately affecting the livestock or the crops as the farmers will the directly working with the experts in the agriculture industry who are only a click away.

Middle East and Africa Agriculture Analytics Market - By Deployment Type:

Based on the deployment, the MEA agriculture analytics market is divided into on-premises and cloud. The cloud-based implementation is expanding across the area due to its various advantages in terms of cost savings and remote access.

Regional Analysis: 

Companies in the Middle East and Africa strive to strengthen their base by offering the enhancement of product features, varying price ranges and the most significant improvement of the quality of the product produced. The government in the region is continuously supporting the farmers and industries who are willing to adapt to the new and advanced technology by providing them with micro-insurance and subsidies to buy the equipment required. African countries are estimated to provide enormous growth potential for the development of this market in the MEA.

Key Players:

Accenture Plc., Agribotix LLC, Agrivi ltd., aWhere Inc., Conservis Corporation, Deere Company, De Laval Inc., DNT Ltd., Farmers Business Network Inc., Farmers Edge Inc., Geosys Inc., Granular Inc., Gro Intelligence Inc., IBM Corporation, Iteris Inc., Monsanto Company, Oracle Corporation, Precision Hawk Inc., SAP Inc., Trimble Inc.