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The Qatar IT market is estimated to grow at a CAGR of 7.71% between 2022 and 2027. The market size is forecast to increase by USD 1,780.93 million. The growth of the market depends on several factors, including increased adoption of mobility solutions, increase in IT consolidation and IT modernization, and regulatory compliance in information technology.
This Qatar-IT market report extensively covers market segmentation by product (services, hardware, and software) and end-user (government organizations, large enterprises, and SMEs). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Increased adoption of mobility solutions is notably driving the market growth, although factors such as data privacy and security concerns is hindering the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased adoption of mobility solutions is one of the key drivers driving the market growth. With the increasing availability of wireless networks, mobility is touching every aspect of government operations, such as data collection using mobile devices and unified communication. Mobility enables e-government initiatives in Tier II and Tier III cities and rural areas, which lack IT infrastructure. Therefore, mobility enables uninterrupted data sharing. Financial inclusion can be achieved using mobile solutions, and people without access to a bank can use m-commerce, mobile banking, and mobile money. Unprecedented growth in the smartphone market leads to an increase in mobile app users. Mobile application developers require IT services such as backend as a service (BaaS) and web-integrated development environment (IDE) solutions for innovative mobile application development solutions. IT services for mobile application development reduce complexities associated with developing and designing mobile applications. IT services such as BaaS solutions help mobile app developers to reduce the development time of applications, improve front-end tasks such as design and content development, and enhance the UI design for a better user experience which will help to drive the growth of the market in the forecast period.
Increased adoption of IT as a service is the major trend fueling the market growth. The adoption of advanced technologies in many industry verticals, including BFSI, telecom, and public sectors, is increasing significantly. This gives rise to issues related to system integration and interoperability. The vendors should provide unified IT solutions that can be seamlessly integrated with the IT infrastructure of organizations. Technical glitches during operations can incur a cost to the organization and reduce its operational efficiencies. System integration and interoperability issues mostly arise when organizations update their IT systems or merge their existing IT infrastructure with the acquired companies' IT infrastructure. The integration of multiple IT systems with traditional IT infrastructure can create several cross-platform system integration issues, which might hinder the growth of the market in the forecast period.
Data privacy and security concerns is hindering the market growth. Data privacy and security risk are some of the major barriers to the adoption of cloud services in organizations, especially in a public cloud. Cloud security management is a critical task for vendors to protect online data. Online digital files need to be secured from unauthorized access in the cloud-based IT infrastructure. Cloud infrastructures are based on a patchwork of open-source codes, which can bring flaws to the cloud systems. The public cloud infrastructure is affected by these glitches in source codes as public clouds are multi-tenant and can affect different applications running in a cloud environment. Using cloud-based technology also means providing service providers access to the company's business data. Public clouds are more susceptible to cyber threats as they are easy to access, which might hinder the growth of the market in the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Qatar IT Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Accenture Plc - The company offers a wide range of IT services and consulting.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the services segment will be significant during the forecast period. IT services spending in Qatar is set to increase owing to the implementation of advanced IT solutions such as cloud computing services, mobility, big data, analytics services, IoT, virtualization, software-defined, and other modern IT solutions. Advanced IT solutions require IT support services in the back end to run a software application on enterprise IT platforms, such as a cloud-based platform. IT firms are transforming their IT infrastructure model to an IT as a service business model to align their corporate business strategy with their IT strategies.
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The services segment was valued at USD 1,551.39 million in 2017 and continued to grow till 2027. Owing to the country's tight budget for defense IT procurement, demand for low-cost IT solutions is increasing at an exponential rate. The key strategy adopted by the IT sector in the country is to significantly reduce the total cost of ownership of IT solutions. Therefore, the adoption of emerging technologies, such as cloud computing, is increasing rapidly in the IT market, which will help to drive the growth of the segment in the forecast period.
The Qatar IT market report forecasts market growth by product and end-user provide an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the IT market in Qatar as a part of the global IT consulting and other services market within the global IT services market. The super parent global IT services market covers companies offering IT consulting and system integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and Internet services. The global IT consulting and other services market covers companies that provide information technology consulting and information management services.
IT Market Scope |
|
Report Coverage |
Details |
Page number |
133 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.71% |
Market growth 2023-2027 |
USD 1,780.93 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.35 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Accenture Plc, Acer Inc., Almana Soft WLL, Apple Inc., Argus Technologies WLL, Ascentsoft, Cisco Systems Inc., Dell Technologies Inc., Infosys Ltd., InterGlobe Enterprises Pvt. Ltd., International Business Machines Corp., JAS Business Systems, Microsoft Corp., Oracle Corp., QBS LLC, Salesforce Inc., SAP SE, Sonata Software Ltd., and Synergy Technology Solutions W.L.L |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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