IDC: Qatar IT market set for fast growth

IT services spending fuelled by infrastructure-driven, and govt-led projects
IDC: Qatar IT market set for fast growth, Research, Data


Qatar is expected to lead IT services spending in the region through 2018, according to International Data Corporation (IDC).

The country presented the strongest growth in the region, with IT services spending fuelled by large-scale, infrastructure-driven, and government-led projects in the transportation, healthcare, and education sectors. Qatar will continue to have the fastest growing IT services market of all the GCC countries, and IT services spending in the country will surpass Kuwait's total by the end of this year. Qatar is also expected to lead IT services spending in the region through 2018.

The combined IT services market of some of the countries in the region, including Qatar, Oman, Bahrain, and Kuwait, is expected to expand at a compound annual growth rate (CAGR) of 12.5% over the coming years to total $1.82bn in 2018. IDC expects this growth to be driven by government-led infrastructure development projects, e-government initiatives, transformations in the transportation and banking and financial services sectors, and private sector developments as governments in the region pursue diversification strategies into non-oil sectors.

"The willingness of CIOs to procure outsourcing services is increasing across the OGCC countries," says Eric Samuel, a senior analyst for IT services at IDC Middle East, Africa, and Turkey.

"We are now at a stage where CIOs are actively evaluating the capabilities of ICT service providers to build and operate their ICT environments. Some organisations are already reaping the benefits associated with these technologies, such as improved operational efficiency, reduced capital expenditure, and enhanced ICT management. And as the outsourcing services offered by ICT services providers mature over the coming years, we expect the adoption of such services to increase notably," he added.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story