Qatar Ict Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Qatar ICT Market revenue is expected at a CAGR of 8.5% over the next five years. The nation has built a robust communication infrastructure, benefiting private businesses and stakeholders. Qatar invests in cutting-edge ICT infrastructure as it evolves into a knowledge-based economy.
Key HighlightsThe Qatar ICT market is fragmented as the market currently consists of many players. Several key players in the ICT market are in constant efforts to bring advancements. A few prominent companies are entering into collaborations and expanding their footprints in developing regions to consolidate their positions in the market. Oracle Systems Corporation, International Business Machines Corp. (IBM), Wipro Doha LLC, Ooredoo Qatar, Vodafone Qatar, and many others are major players.
In November 2022, Oracle Corporation signed a deal with the Ministry of Municipality of Qatar to improve every public service offered by the ministry as part of the organization's effort to attain excellence and leadership in its services through digital transformation and to provide proactive smart self-services to diverse beneficiaries.
In May 2022, Vodafone Qatar unveiled its very own asset tracking solution allowing companies to use cutting-edge Internet of Things (IoT) technology to increase the efficiency of their operations. The brand-new end-to-end IoT asset tracking system makes it easier to offer real-time data, including asset location and environmental conditions. It can track numerous assets simultaneously while also sending out alarms and reports.
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