Middle East And Africa (MEA) Connected Agriculture Market

Middle East And Africa (MEA) Connected Agriculture Market Size, Growth, Trends and Forecast:

Now a days, the farmers depend on advanced technology for their day to day activities on the farm by using connected agriculture. Connected agriculture helps the farmers to increase their efficiency by decreasing the cost and time invested in the farm. The governments in the Middle East and Africa (MEA) are joining hands trying to educate the farmers into using these types of advanced technology to decrease the wastage of non-renewable resources and produce much more crop yield to feed the increasing population. The rising demand in this market is bringing international investments into this sector, which is driving the market.

Recent Development:

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

Drivers and Restraints of Middle East And Africa (MEA) Connected Agriculture Market

Drivers:

The primary driver of the MEA connected agriculture market is the effect of climate change. Due to global warming and climate change, the amounts of rice and wheat yield are decreasing by 0.3% and 0.9% every year. 

The growing scarcity of now renewable resources such as cereals and oilseed, which have been used for biofuel production instead of farming could result in a decrease in the amount of food available to feed the hunger with the rapidly increasing population. Due to the increase in urbanization, there is less availability of freshwater.

Restraints:

The significant limitations of this market are the lack of knowledge of the farmers about the industry and how to use the devices and technology to benefit them. The investment the farmer has to make during the initial stages of a business is very high in Global Positioning System (GPS), Geographic Information System (GIS) and drones for connecting the basic farm data. 

The Middle East and Africa farmers are not wealthy enough to make such kind of huge investments as they work for wages on a day to day bases, this is leading to a lack of interest in investment in advanced technology such as connected agriculture.There is only limited arable land available to use the technology and only larger firms and industries are currently using this technology.

Middle East And Africa (MEA) Connected Agriculture Market Segmentation:

Middle East And Africa (MEA) Connected Agriculture Market - By Component:

The MEA connected agriculture market based on the component is segmented into solutions, platforms and services. The solution and service segments are have been growing significantly, but the platform segment is expected to be the market leader for connected agriculture market by component.

Middle East And Africa (MEA) Connected Agriculture Market - By Solution:

The network management dominates the MEA connected agriculture market by the solution. This helps minimize the risk of loss of yield and crop failure by predicting the weather conditions for the farmer to plant the right crop during the right time, which will lead to maximum yield production.

Middle East And Africa (MEA) Connected Agriculture Market - By Platform:

The platform section is further segmented into device management, connectivity management and application enablement. The device management platform rules the segment as there has been an increasing demand for farm yield because of the rapid increase in population. The farm yield depends on various factors like soil conditions, weather, fertilizer application and the type of seed. All of these factors are difficult to keep track of at the same time. Hence device management comes into the picture, as it lets the farmer keep track of, secure, manage and sustain.

Middle East And Africa (MEA) Connected Agriculture Market - By Services:

The MEA connected agriculture market by services is separated as Consulting Integration and Implementation, Support and Maintenance, Micro Leading Services, Micro Insurance Services, Mobile Payment Services, Mobile Information Services, Professional Services, and Management Services. 

Middle East And Africa (MEA) Connected Agriculture Market - By Application:

The MEA connected agriculture market by application is segmented into pre-production planning and management, into farming production planning and management and post-production planning and management. The into farming production planning and management sector are dominating the market as it helps the farmer navigate, manage, monitor, keep track of, insure, the farm in real-time using connected agriculture.

The devices encompass all the tasks performed by the farmer on a day to day bases, such as crop scouting, breeding, feed management, irrigation, maintenance of production, animal tracking and many more. It also helps the farmer keep track of the animal’s diet and prepare the farm for crops, as any mismanagement could lead to significant loss of the plant. This advanced and systematic approach to produce the maximum yield keeps the connected agriculture market in demand.

Regional Analysis:

The Middle East and Africa come under 3rd world countries, due to which the connected agriculture market is not in high demand as there is a lack of investment in advanced technology. This technology could cost a fortune, and it requires abundant knowledge in this industry to use advanced technology.

Key Players:

Trimble Navigation Limited (United States), IBM Corporation (United States), Microsoft Corporation (United States), AG Leader Technology (United States), Syspro Technologies (United States), Cisco Systems Inc. (United States), Epicor Software Corporation (United States), AT&T (United States), Raven Industries Inc. (United States), AGCO Corporation (United States), Deere And Company (United States), Oracle (United States), Iteris (United States), And Decisive Farming (Canada).