Public Cloud - Qatar

  • Qatar
  • In Qatar, revenue in the Public Cloud market is projected to reach €345.50m in 2024.
  • The Software as a Service market dominates the market in Qatar, with a projected market volume of €102.20m in 2024.
  • Revenue in this market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 17.91%, leading to a market volume of €787.30m by 2029.
  • In global comparison, the most revenue will be generated the United States, which is expected to reach €356.50bn in 2024.
  • Qatar's public cloud market is witnessing significant growth as organizations increasingly prioritize digital transformation and enhanced data security solutions.

Key regions: United States, Germany, China, Japan, United Kingdom

 
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Analyst Opinion

The Public Cloud market in Qatar is experiencing steady growth, driven by factors such as increasing adoption of digital technologies, rising awareness about the benefits of online services, and the convenience offered by cloud solutions. The average growth rate is impacted by the growing demand for all sub-markets, including Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as a Service. This trend is expected to continue as more businesses and individuals in Qatar recognize the value of cloud computing.

Customer preferences:
One notable shift in consumer preferences in Qatar is the growing demand for cloud-based services in the public sector. With the government's push for digital transformation and the country's high internet penetration rate, there has been a significant increase in the adoption of public cloud solutions. This trend is driven by the need for cost-effective and scalable IT infrastructure, as well as the desire for more efficient and streamlined processes in government services. Additionally, the shift towards cloud-based solutions is also influenced by the increasing use of mobile devices and the need for remote access to data and applications.

Trends in the market:
In Qatar, the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of digital transformation by businesses and government entities. This trend is expected to continue on an upward trajectory, as organizations recognize the cost-effectiveness, scalability, and flexibility of public cloud solutions. This shift towards cloud computing is significant as it allows companies to streamline their operations, improve their agility, and stay competitive in the market. However, it also poses challenges for industry stakeholders, such as data security concerns and the need for upskilling and reskilling of employees to manage these new technologies effectively. Despite these challenges, the potential benefits of the public cloud market in Qatar are immense and are expected to drive its growth in the coming years.

Local special circumstances:
In Qatar, the Public Cloud Market is seeing significant growth due to the country's high internet penetration rate and strong government support for digital transformation. The market is also driven by the country's large expat population, as cloud services offer a convenient and cost-effective solution for businesses to operate remotely. Additionally, Qatar's strict data privacy regulations, influenced by conservative cultural norms, have made it a trusted location for data storage and processing, further boosting the demand for public cloud services.

Underlying macroeconomic factors:
The Public Cloud Market in Qatar is heavily influenced by macroeconomic factors such as government initiatives to promote digital transformation, the country's strong economic growth, and increasing investments in information technology. Qatar's Vision 2030 plan, which aims to diversify the economy and invest in sectors such as technology, has created a favorable environment for the growth of the Public Cloud Market. Additionally, the country's stable political climate and growing demand for digital services from both businesses and consumers are also contributing to the market's growth. These factors, along with Qatar's robust financial stability, are expected to continue driving the expansion of the Public Cloud Market in the country.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of telecommunications infrastructure. 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. The main drivers are the GDP and the level of digitization.

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 is considered at a country-specific level.

Visión general

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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