Middle East & Africa Farming As A Service Market Size & Outlook
Middle East & Africa farming as a service market, 2017-2030 (US$M)
Related Markets
MEA farming as a service market highlights
- The MEA farming as a service market generated a revenue of USD 206.8 million in 2023.
- The market is expected to grow at a CAGR of 13.8% from 2024 to 2030.
- In terms of segment, farm management solutions was the largest revenue generating service type in 2023.
- Production Assistance is the most lucrative service type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 206.8 million |
| Market revenue in 2030 | USD 511.9 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Farm management solutions |
| Fastest growing segment | Production Assistance |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Farm Management Solutions, Production Assistance, Access to Markets |
| Key market players worldwide | Mahindra & Mahindra Ltd DR, Deere & Co, ITC Ltd DR, Trimble Inc, Accenture PLC Class A, Taranis Resources Inc, International Business Machines Corp, EM3 AgriServices, Apollo Agriculture, PrecisionHawk, BigHaat |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.1% of the global farming as a service market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,385.8 million by 2030.
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Farming As A Service Market Scope
Farming As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa farming as a service market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to farming as a service market will help companies and investors design strategic landscapes.
Farm management solutions was the largest segment with a revenue share of 76.6% in 2023. Horizon Databook has segmented the Middle East & Africa farming as a service market based on farm management solutions, production assistance, access to markets covering the revenue growth of each sub-segment from 2017 to 2030.
Middle East & Africa is witnessing a significant transformation in the agriculture sector with the emergence of Farming as a Service (FaaS) models. FaaS is an innovative approach that leverages technology and expertise to provide farmers with access to advanced farming tools, equipment, and knowledge on a subscription or pay-per-use basis.
The region's agriculture sector witnesses challenges such as water scarcity, limited arable land, and a growing population. FaaS offers a solution by enabling farmers to optimize resource utilization, enhance productivity, and reduce operational costs.
According to the latest Mobile Economy Middle East and North Africa (MENA) study from GSMA, Internet of Things (IoT) connections in the area are expected to be more than double by 2025, with licensed cellular IoT connections estimated to reach more than 70 million.
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Target buyers of Middle East & Africa farming as a service market databook
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Our clientele includes a mix of farming as a service market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa farming as a service market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa farming as a service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa farming as a service market
Middle East & Africa Farming As A Service Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa farming as a service market
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