Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Hardware Type (Precision Farming Hardware, Precision Livestock Hardware, Precision Aquaculture Hardware, Precision Forestry Hardware, Smart Greenhouses Hardware, Others Hardware), By Farm Type (Large, Mid-Sized, Small Farms), By Farm Production Planning Stage (Pre-Production Planning, Production Planning, Post-Production Planning), By Application (Precision Farming, Precision Livestock, Precision Aquaculture, Precision Forestry, Smart Greenhouses, Others) And Competitive Landscape
Product Code: ETC4618254 | Publication Date: Jul 2023 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Middle East Agriculture IoT Market report thoroughly covers the market by hardware type, farm type, farm production planning stage, application and counties. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Middle East agriculture IoT market is anticipated to grow at a significant rate, during the projection period of 2024 to 2030. The utilization of Internet of Things (IoT) devices and solutions has become essential for farmers and other stakeholders in this region due to the growing acceptance of technology in agriculture.
According to 6Wresearch, Middle East Agriculture IoT Market size is expected to grow at a significant CAGR of 9.9% during 2024-2030. The desire to increase crop productivity and lower production costs is what is driving the Middle East's agricultural IoT industry. Farmers are able to make data-driven decisions that optimize farming operations by monitoring crops in real-time through the use of IoT solutions such as sensors, drones, and smart irrigation systems. This raises efficiency, decreases waste, and improves crop yields. Precision agriculture techniques are also necessary due to the effects of climate change, such as water scarcity. IoT technology makes targeted irrigation and fertilization possible by providing precise data on crop health, soil moisture, and weather. This strategy supports the expansion of the market by assisting farmers in addressing environmental issues and ensuring optimal crop growth.
IoT in agriculture has many advantages, but the Middle East market still confronts a number of difficulties. One of the main problems that prevents farmers from using these technologies effectively is their lack of technical skills and awareness. Significant obstacles are also presented by high installation and maintenance expenses, especially for small-scale farmers. The adoption of IoT solutions is further hampered by the poor internet access in rural locations. To effectively utilize IoT's potential to improve agricultural productivity and efficiency in the area, these issues must be resolved.
IBM Corporation, Cisco Systems Inc., SAP SE, Trimble Inc., Deere & Company, Agribotix LLC, and The Climate Corporation are major companies in the Middle East agricultural IoT market. These businesses are making significant investments in R&D to provide cutting-edge solutions that raise agricultural productivity.
Middle Eastern governments are actively pushing for the use of IoT in agriculture and smart farming practices. Precision agriculture technologies and sustainable agricultural methods are prioritized in the United Arab Emirates' 2020 'National Program for Food Security'. In a similar vein, Saudi Arabia's Vision 2030 seeks to improve food production by utilizing IoT solutions and other cutting-edge agricultural technologies. These programs are essential for expanding the market and advancing the sustainability and food security objectives of the area.
The Middle East's agricultural Internet of things business has a bright future because to government regulations that encourage it and technical improvements. In the upcoming years, it is anticipated that a greater focus on sustainable agriculture and precision farming would greatly increase demand for IoT devices and solutions. Collaborations between important stakeholders and agricultural organizations may also promote innovation and accelerate market expansion. The region's agricultural IoT market is expected to grow as long as these trends persist, promoting more sustainable and productive farming methods as well as the more general objectives of food security and sustainability.
According to Dhaval, Research Manager, 6Wresearch, Large farms, with their financial resources and ability to invest in cutting-edge IoT technologies, are anticipated to have a substantial market share. Their capacity to successfully apply these solutions boosts production, making them important factors propelling the agricultural IoT market's expansion.
The Middle East's agricultural IoT industry is now dominated by precision farming, which is being adopted due to developments in crop monitoring techniques and precise irrigation systems. However, the growing demand for premium meat and seafood products is likely to drive significant growth in precision livestock and aquaculture.
Based on country, Saudi Arabia is expected to dominate the agricultural IoT industry. It is anticipated that these initiatives would result in notable expansion and position Saudi Arabia as a pioneer in the agricultural technology industry in the region.
The Middle East Agriculture IoT Market provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Agriculture IoT Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Agriculture IoT Market Revenues & Volume, 2020 & 2030F |
3.3 Middle East Agriculture IoT Market - Industry Life Cycle |
3.4 Middle East Agriculture IoT Market - Porter's Five Forces |
3.5 Middle East Agriculture IoT Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Middle East Agriculture IoT Market Revenues & Volume Share, By Hardware Type, 2020 & 2030F |
3.7 Middle East Agriculture IoT Market Revenues & Volume Share, By Farm Type, 2020 & 2030F |
3.8 Middle East Agriculture IoT Market Revenues & Volume Share, By Farm Production Planning Stage, 2020 & 2030F |
3.9 Middle East Agriculture IoT Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Middle East Agriculture IoT Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Agriculture IoT Market Trends |
6 Saudi Arabia Agriculture IoT Market, 2020 - 2030 |
6.1.1 Saudi Arabia Agriculture IoT Market, Revenues & Volume, By Hardware Type, 2020 - 2030 |
6.1.2 Saudi Arabia Agriculture IoT Market, Revenues & Volume, By Farm Type, 2020 - 2030 |
6.1.3 Saudi Arabia Agriculture IoT Market, Revenues & Volume, By Farm Production Planning Stage, 2020 - 2030 |
6.1.4 Saudi Arabia Agriculture IoT Market, Revenues & Volume, By Application, 2020 - 2030 |
7 UAE Agriculture IoT Market, 2020 - 2030 |
7.1 UAE Agriculture IoT Market, Revenues & Volume, By Hardware Type, 2020 - 2030 |
7.2 UAE Agriculture IoT Market, Revenues & Volume, By Farm Type, 2020 - 2030 |
7.3 UAE Agriculture IoT Market, Revenues & Volume, By Farm Production Planning Stage, 2020 - 2030 |
7.4 UAE Agriculture IoT Market, Revenues & Volume, By Application, 2020 - 2030 |
8 Qatar Agriculture IoT Market, 2020 - 2030 |
8.1 Qatar Agriculture IoT Market, Revenues & Volume, By Hardware Type, 2020 - 2030 |
8.2 Qatar Agriculture IoT Market, Revenues & Volume, By Farm Type, 2020 - 2030 |
8.3 Qatar Agriculture IoT Market, Revenues & Volume, By Farm Production Planning Stage, 2020 - 2030 |
8.4 Qatar Agriculture IoT Market, Revenues & Volume, By Application, 2020 - 2030 |
9 Kuwait Agriculture IoT Market, 2020 - 2030 |
9.1 Kuwait Agriculture IoT Market, Revenues & Volume, By Hardware Type, 2020 - 2030 |
9.2 Kuwait Agriculture IoT Market, Revenues & Volume, By Farm Type, 2020 - 2030 |
9.3 Kuwait Agriculture IoT Market, Revenues & Volume, By Farm Production Planning Stage, 2020 - 2030 |
9.4 Kuwait Agriculture IoT Market, Revenues & Volume, By Application, 2020 - 2030 |
10 Oman Agriculture IoT Market, 2020 - 2030 |
10.1 Oman Agriculture IoT Market, Revenues & Volume, By Hardware Type, 2020 - 2030 |
10.2 Oman Agriculture IoT Market, Revenues & Volume, By Farm Type, 2020 - 2030 |
10.3 Oman Agriculture IoT Market, Revenues & Volume, By Farm Production Planning Stage, 2020 - 2030 |
10.4 Oman Agriculture IoT Market, Revenues & Volume, By Application, 2020 - 2030 |
11 Bahrain Agriculture IoT Market, 2020 - 2030 |
11.1 Bahrain Agriculture IoT Market, Revenues & Volume, By Hardware Type, 2020 - 2030 |
11.2 Bahrain Agriculture IoT Market, Revenues & Volume, By Farm Type, 2020 - 2030 |
11.3 Bahrain Agriculture IoT Market, Revenues & Volume, By Farm Production Planning Stage, 2020 - 2030 |
11.4 Bahrain Agriculture IoT Market, Revenues & Volume, By Application, 2020 - 2030 |
12 Turkey Agriculture IoT Market, 2020 - 2030 |
12.1 Turkey Agriculture IoT Market, Revenues & Volume, By Hardware Type, 2020 - 2030 |
12.2 Turkey Agriculture IoT Market, Revenues & Volume, By Farm Type, 2020 - 2030 |
12.3 Turkey Agriculture IoT Market, Revenues & Volume, By Farm Production Planning Stage, 2020 - 2030 |
12.4 Turkey Agriculture IoT Market, Revenues & Volume, By Application, 2020 - 2030 |
13 Rest of Middle East Agriculture IoT Market, 2020 - 2030 |
13.1 Rest of Middle East Agriculture IoT Market, Revenues & Volume, By Hardware Type, 2020 - 2030 |
13.2 Rest of Middle East Agriculture IoT Market, Revenues & Volume, By Farm Type, 2020 - 2030 |
13.3 Rest of Middle East Agriculture IoT Market, Revenues & Volume, By Farm Production Planning Stage, 2020 - 2030 |
13.4 Rest of Middle East Agriculture IoT Market, Revenues & Volume, By Application, 2020 - 2030 |
14 Middle East Agriculture IoT Market Key Performance Indicators |
15 Middle East Agriculture IoT Market - Opportunity Assessment |
15.1 Middle East Agriculture IoT Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Middle East Agriculture IoT Market Opportunity Assessment, By Hardware Type, 2020 & 2030F |
15.3 Middle East Agriculture IoT Market Opportunity Assessment, By Farm Type, 2020 & 2030F |
15.4 Middle East Agriculture IoT Market Opportunity Assessment, By Farm Production Planning Stage, 2020 & 2030F |
15.5 Middle East Agriculture IoT Market Opportunity Assessment, By Application, 2020 & 2030F |
16 Middle East Agriculture IoT Market - Competitive Landscape |
16.1 Middle East Agriculture IoT Market Revenue Share, By Companies, 2023 |
16.2 Middle East Agriculture IoT Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |