The Qatar Internet Of Things Market size is estimated at USD 1.01 billion in 2024, and is expected to reach USD 3.47 billion by 2029, growing at a CAGR of 27.92% during the forecast period (2024-2029).
The Qatari 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 QPSC, Vodafone Qatar PQSC, Cisco Systems Inc., etc.
April 2024: Ooredoo Group, an international communication company, signed an MoU with Nokia to enhance and upgrade business connectivity with advanced 5G solutions. Under this alliance, the companies integrated capabilities to develop 5G private networks and serve enterprise-specific solutions for the tailored needs of businesses across industries. Qatar will benefit from high performance, upgraded IoT capabilities, low latency 5G connectivity, and ultra-reliable communication networks.
• January 2023: Ooredoo, a leading developer of the IoT in Qatar, announced the availability of two new IoT asset management packages, which will enable business customers to monitor company resources from a single, intuitive dashboard. Key solution features include real-time asset tracking, dashboard-based reporting, predictive and preventive maintenance, and analytics.
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