With the implementation of the digital agenda that began with the first edition of the Web Summit in Qatar last year, the technology market in Qatar is expected to witness a significant increase in demand in the coming years. According to a report by global research and analysis platform Statista, the IT services market in Qatar is estimated to achieve revenue growth of $994.30 million (QR3.6 billion) this year.
The report in technology updates indicates that the market will achieve a steady annual growth rate of 5.53 percent from 2025 to 2029, reaching a market value of $1,233 million in the next four years. Experts say that the demand for the IT market will increase with the development of Qatar. However, analysts point out that IT outsourcing will dominate the market by 2025 with a market value of $396.40 million compared to other segments of the market. Additionally, the average cost per employee in the IT services market is estimated to reach $472.40 (QR1,729.82) by 2025.
The researchers note that the United States will generate the highest revenue in the IT services market when compared globally, highlighting the US’s dominant position in the global IT services market industry. Meanwhile, officials say that the IT services market in Qatar has the potential for significant growth, driven by increasing digitalization, technological advancements, and the need for efficient IT solutions.
