Qatar’s information technology sector is poised for significant growth, with projections indicating an expansion of $2.31 billion by 2029. This growth is expected to occur at a compound annual growth rate of 8.5%, fueled by increased digital adoption, IT modernization, and supportive regulations. The demand for IT-as-a-Service and mobility solutions is driving this transformation, as Qatari businesses increasingly adopt cloud-first and service-based IT models. Key trends include digital transformation, blockchain adoption for secure data exchanges, and the rise of Bring Your Own Device culture in hybrid work settings. Strategic investments aligned with Qatar National Vision 2030 are also shaping the market, with global and regional tech firms adapting to local needs. The sector is anticipated to remain competitive and dynamic, contributing to job creation through initiatives like Invest Qatar’s $1 billion technology incentive program and the growth of IT outsourcing.
Is Qatar’s IT sector set for a $2.31 billion growth by 2029?
