The Latin America, Middle East and Africa Digital Agriculture Market is expected to witness market growth of 12.8% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Digital Agriculture Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $794.7 Million by 2031. The Argentina market is registering a CAGR of 13.5% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 11.5% during 2024-2031.
The increasing incorporation of cutting-edge digital technologies into conventional farming methods is causing a revolutionary change in the worldwide agriculture industry. A paradigm transformation in production, management, and distribution of food is represented by this evolution, which is referred to as digital agriculture or smart farming. Digital agriculture encompasses various technologies, including the Internet of Things (IoT), Artificial Intelligence (AI), machine learning, drones, remote sensing, big data analytics, and blockchain.
Moreover, these technologies converge to create an interconnected ecosystem that enhances decision-making processes, increases operational efficiency, and ensures sustainability across the agricultural value chain. The overarching aim of digital agriculture is to address the complex challenges of food security, climate change, resource scarcity, and population growth by fostering innovation and efficiency in food production systems.
The LAMEA digital agriculture market is driven by the growing need to address critical challenges such as water scarcity, inefficient farming methods, and food security concerns. Across the region, digital agriculture technologies, particularly IoT-enabled solutions, are increasingly being adopted to modernize traditional farming practices and enhance productivity. In Latin America, precision farming tools and IoT-based systems are transforming the agriculture sector, while in the Middle East and Africa, technologies such as automated irrigation systems and climate monitoring tools are vital for managing scarce water resources and improving crop yields in arid and semi-arid regions.
The Brazil market dominated the LAMEA Digital Agriculture Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $794.7 Million by 2031. The Argentina market is registering a CAGR of 13.5% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 11.5% during 2024-2031.
The increasing incorporation of cutting-edge digital technologies into conventional farming methods is causing a revolutionary change in the worldwide agriculture industry. A paradigm transformation in production, management, and distribution of food is represented by this evolution, which is referred to as digital agriculture or smart farming. Digital agriculture encompasses various technologies, including the Internet of Things (IoT), Artificial Intelligence (AI), machine learning, drones, remote sensing, big data analytics, and blockchain.
Moreover, these technologies converge to create an interconnected ecosystem that enhances decision-making processes, increases operational efficiency, and ensures sustainability across the agricultural value chain. The overarching aim of digital agriculture is to address the complex challenges of food security, climate change, resource scarcity, and population growth by fostering innovation and efficiency in food production systems.
The LAMEA digital agriculture market is driven by the growing need to address critical challenges such as water scarcity, inefficient farming methods, and food security concerns. Across the region, digital agriculture technologies, particularly IoT-enabled solutions, are increasingly being adopted to modernize traditional farming practices and enhance productivity. In Latin America, precision farming tools and IoT-based systems are transforming the agriculture sector, while in the Middle East and Africa, technologies such as automated irrigation systems and climate monitoring tools are vital for managing scarce water resources and improving crop yields in arid and semi-arid regions.
List of Key Companies Profiled
- Microsoft Corporation
- BASF SE
- Indigo Ag, Inc.
- AGCO Corporation
- Wipro Limited
- Yara International ASA
- Bayer AG
- IBM Corporation
- Trimble, Inc.
- Deere & Company
Market Report Segmentation
By Application
- Precision Farming & Farm Management
- Livestock Monitoring
- Supply Chain Management
- Financial Management
- Other Application
By Technology
- IoT
- Automation
- AI
- Drones
- Other Technology
By Component
- Hardware
- Software
- Service
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Digital Agriculture Market by Application
Chapter 6. LAMEA Digital Agriculture Market by Technology
Chapter 7. LAMEA Digital Agriculture Market by Component
Chapter 8. LAMEA Digital Agriculture Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Microsoft Corporation
- BASF SE
- Indigo Ag, Inc.
- AGCO Corporation
- Wipro Limited
- Yara International ASA
- Bayer AG
- IBM Corporation
- Trimble, Inc.
- Deere & Company
Methodology
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