Latest News- IT Market in Qatar: Services is expected to lead the Product segment during 2025-2029

The IT Market in Qatar is being driven by Increased adoption of mobility solutions

The IT Market in Qatar is expected to grow at a CAGR of 8.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2311.1 million. In the dynamic business landscape of Qatar, IT as a service (ITaaS) has emerged as a strategic solution for organizations to effectively manage their IT infrastructure and align it with their business objectives. Ooredoo, Qatar's leading telecommunications operator and ICT provider, has recently entered into a significant partnership with Oracle to enhance its database infrastructure and accelerate its digital transformation. This collaboration involves the improvement and migration of Ooredoo's Oracle Database estate to Oracle Exadata Cloud@Customer (ExaCC), an advanced Oracle Cloud Database implementation within Ooredoo's data center, thereby empowering the organization to stay competitive in the market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Services
  • Hardware
  • Software
• End-user
  • Government organizations
  • Large enterprises
  • SMEs
• Geography
  • Qatar

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased adoption of mobility solutions
• Increase in IT consolidation and IT modernization
• Regulatory compliance in information technology

However, the market also witnesses some limitations, which are as follows:

• Data privacy and security concerns
• Shortage of skilled professionals
• System integration and interoperability issues

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Market Scope in IT Market in Qatar Research Report

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Research Analysis Overview

In Qatar's IT market, there is a growing focus on Digital Transformation through solutions like mobility, cloud, and Digital Transformation solutions. Regulatory compliance and information technology play a crucial role in this process. Mobility solutions, blockchain technology adoption, and cutting-edge ICT infrastructure are key areas of investment. Fintech and digital banking initiatives are driving profitability, with high internet and social media usage increasing the need for digitalization. The strategy includes adopting advanced technologies like fintech and implementing regulatory frameworks to ensure compliance.

Market Research Overview

The IT market in Qatar is experiencing significant growth, driven by increasing investments in mobility solutions, regulatory compliance, digital transformation, and cutting-edge ICT infrastructure by private businesses and government agencies. The adoption of blockchain technology and competition in the market are also key factors fueling this growth. Technavio's market analysis reveals that the global IT consulting and other services market, which includes IT consulting, information management, and business process outsourcing, is expected to grow due to the need for regulatory compliance and digital transformation initiatives. This market caters to both public and private sectors and is projected to experience robust growth due to the increasing demand for advanced IT solutions. The competition in the market is intense, with companies offering promotions and innovative services to gain a competitive edge.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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