ICT in the Qatar: Market Opportunity Forecasts to 2029
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This product provides historical data and forecasts for ICT products and services in Qatar
The Qatar ICT market was valued at US$ 15.98 billion in 2024 and will grow at a compounded annual growth rate (CAGR) of 12.74% to reach a value of US$ 29.10 billion by 2029. The cumulative revenue generation for ICT providers in Qatar is estimated at US$ 129.42 billion for 2024-2029. In terms of vertical end-use segments, the energy sector held the highest market share of 24.6% in 2024, followed by the banking sector. The communication vertical is expected to be the fastest-growing segment, at an estimated CAGR of 19.95%, during the forecast period.
Scope
This product provides revenue opportunity forecasts for ICT products and services in the Qatar from 2020 to 2029, spanning 18 IT Solutions, 126 Products/Services, 27 Verticals and 5 size bands.
Key Highlights
- The ICT market in Qatar is expected to grow at a CAGR of 56% over the forecast period.
- The country’s top three product/service categories – SaaS, IoT Software, and IoT Hardware.
- SaaS is expected to be the leading ICT product/service segment in Qatar during the forecast period.
Reasons to Buy
Access the current state and 5-year growth of ICT in Qatar, along with historic trends, to identify fastest-growing products/services, the most lucrative verticals, and key contributors to future market expansion.
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