Market Insights Technology IT Services IT Outsourcing

Application Outsourcing - Qatar

Qatar

The revenue forecast for the Application Outsourcing market in Qatar is estimated to reach €70.67m by 2024.
With an expected annual growth rate (CAGR 2024-2029) of 0.72%, the market volume is projected to reach €73.24m by 2029.
Additionally, the average spend per employee in the Application Outsourcing market in Qatar is expected to reach €33.75 in 2024.
In a global perspective, United States is anticipated to generate the highest revenue in the Application Outsourcing market, with an estimated value of €39,330.00m in 2024.
Qatar's growing investment in infrastructure and digital transformation is driving a surge in demand for application outsourcing services in the IT Services market.

Key regions: India, Italy, Germany, Brazil, Japan

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Analyst Opinion

The Application Outsourcing market in Qatar has been experiencing steady growth in recent years.

Customer preferences: Qatari businesses are increasingly turning to application outsourcing as a means of reducing costs and improving efficiency. Many companies are looking to outsource non-core functions, such as application development and maintenance, in order to focus on their core competencies. Additionally, the growing popularity of cloud computing and mobile technology has created a need for specialized expertise that many Qatari companies do not possess in-house.

Trends in the market: One of the key trends in the Qatari Application Outsourcing market is the growing demand for customized solutions. Qatari businesses are looking for solutions that are tailored to their specific needs and requirements, rather than off-the-shelf products. This has created opportunities for smaller, niche providers who can offer highly specialized services. Another trend is the increasing use of automation and artificial intelligence in application outsourcing. This allows for faster and more efficient development and maintenance of applications.

Local special circumstances: Qatar is a small country with a relatively small economy. As a result, many Qatari businesses are looking to expand into international markets in order to grow. Application outsourcing can help these businesses to compete on a global scale by providing them with the technology and expertise they need to succeed. Additionally, Qatar is investing heavily in infrastructure and technology as part of its National Vision 2030 plan. This has created a need for specialized expertise in areas such as smart cities, digital transformation, and cybersecurity.

Underlying macroeconomic factors: The Qatari economy has been growing steadily in recent years, driven by the country's vast oil and gas reserves. However, the government is looking to diversify the economy and reduce its reliance on hydrocarbons. This has led to increased investment in sectors such as technology and finance. Additionally, Qatar is preparing to host the 2022 FIFA World Cup, which has created opportunities for businesses in a range of sectors, including application outsourcing. Overall, the Qatari Application Outsourcing market is expected to continue to grow in the coming years, driven by these underlying macroeconomic factors and the changing needs of Qatari businesses.

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.