Qatar Internet of Things (IoT) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Qatari Internet of Things (IoT) Market is expected to register a CAGR of 32.65% over the forecast period (2022-2027). Of all the Arab countries, Qatar is one of the few that can be termed technologically advanced. The country witnesses a high rate of innovation, starting from IoT, virtual reality, robotics, and the most recent, 5G. As part of its long-term vision and strategy, Qatar aims to become one of the smartest countries in the Middle East. Given the high internet and smartphone penetration levels, the country is poised to grow in terms of technology readiness, and it shows a high willingness to adopt new technologies.
Key HighlightsThe Qatar Internet of Things (IoT) market appears to be moderately fragmented due to the presence of significant technological giants. Key strategies adopted by the major players in the market are product innovation and mergers and acquisitions. Some of the major players in the market are Labeeb IoT (Qatar Mobility Innovations Center), Ooredoo Q.P.S.C., Vodafone Qatar P.Q.S.C., Cisco Systems Inc., etc.
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