Qatar to generate $2.8b in service revenue

Country is one of the most developed telecom markets in ME, says Pyramid Research
Qatar to to generate $2.8b in service revenue

Share

Qatar's telecom services market is set to generate $2.8 billion in service revenue by 2020, , up from a forecast of $2.3 billion in 2015, driven by operators' investment in next generation networks, according to Pyramid Research.

This translates to an annual compound growth rate of 3.6%. Moreover, the mobile penetration rate in Qatar is set to increase to 191% by year-end 2020, one of the highest rates in the world.

Average per capita spending on telecommunications services now stands at over $1,000 per year. “This makes Qatar – the fourth largest economy in the GCC – one of the most developed telecom markets in the Middle East,” said the consultant firm.

“Alongside similar markets such as the UAE and Saudi Arabia, Qatar is on its way to becoming a digital society supported by smart city initiatives,” says Houda Bostanji, senior analyst at Pyramid Research.

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