Middle East & Africa Cannabis Technology Market Size & Outlook
The cannabis technology market in Middle East & Africa is expected to reach a projected revenue of US$ 1,107.5 million by 2030. A compound annual growth rate of 26.5% is expected of Middle East & Africa cannabis technology market from 2024 to 2030.
- Enterprise Technology & Automation
- Cybersecurity & Digital Risk
- Cannabis Technology Market Outlook
- Cybersecurity & Digital Risk
Revenue, 2023 (US$M)
$213.6
Forecast, 2030 (US$M)
$1,107.5
CAGR, 2024 - 2030
26.5%
Report Coverage
Middle East & Africa
Middle East Africa Cannabis Technology Market, 2018-2030 (US$M)
Global Market
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MEA cannabis technology market highlights
- The MEA cannabis technology market generated a revenue of USD 213.6 million in 2023.
- The market is expected to grow at a CAGR of 26.5% from 2024 to 2030.
- In terms of segment, consumption was the largest revenue generating application in 2023.
- Warehousing is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Morocco is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 213.6 million |
| Market revenue in 2030 | USD 1,107.5 million |
| Growth rate | 26.5% (CAGR from 2023 to 2030) |
| Largest segment | Consumption |
| Fastest growing segment | Warehousing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cultivation, Processing/Manufacturing, Warehousing, Consumption |
| Key market players worldwide | Ardent Health Services, Green Thumb Industries Inc, SpringBig Holdings Inc, Demetrix, Courier Plus, Jane Technologies, LeafLink |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.4% of the global cannabis technology 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 3,866.8 million by 2030.
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Cannabis Technology Market Scope
Cannabis Technology Market segmentation & scope
Cannabis Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ardent Health Services | View profile | 10001+ | Nashville, Tennessee, United States, North America | ardenthealth.com |
| Green Thumb Industries Inc | View profile | 4,561 | 325 West Huron Street, Suite 700, Chicago, IL, United States, 60654 | www.gtigrows.com |
| SpringBig Holdings Inc | View profile | 83 | 621 North West 53rd Street, Suite 500, Boca Raton, FL, United States, 33487 | www.springbig.com |
| Demetrix | View profile | 101-250 | Berkeley, California, United States, North America | www.demetrixbio.com |
| Courier Plus | View profile | 1-10 | Bend, Oregon, United States, North America | www.courierplus.co/ |
| Jane Technologies | View profile | 51-100 | Soquel, California, United States, North America | www.iheartjane.com/ |
| LeafLink | View profile | 101-250 | New York, New York, United States, North America | leaflink.com |
Middle East & Africa Cannabis Technology 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 Cannabis Technology Market Outlook will help companies and investors design strategic landscapes.
Consumption was the largest segment with a revenue share of 32.77% in 2023.
Horizon Databook has segmented the Middle East & Africa cannabis technology market based on cultivation, processing/manufacturing, warehousing, consumption covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Cannabis Technology Market Application Outlook (Revenue, USD Million , 2018-2030)
- Cultivation
- Processing/Manufacturing
- Warehousing
- Consumption
- Middle East & Africa Cannabis Technology Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Online
- Offline
- Middle East & Africa Cannabis Technology Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Middle East & Africa Cannabis Technology Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Medical
- Recreational
- Industrial
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- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Cannabis Technology Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Cannabis Technology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Cannabis Technology Market, 2018-2030 (US$M)
MEA cannabis technology market statistics, by application, 2018-2030 (US$M)
