IT Market in Qatar 2017-2021
IT is an integrated platform consisting of hardware, software, and services that help organizations store, process, transmit, and retrieve information. The IT department of an organization manages all the IT-related services, solutions, and software that integrate and streamline a number of processes to facilitate a smooth flow of information across the organization. It also helps organizations align their business processes with different technologies to improve the overall efficiency.
Technavio’s analysts forecast the IT market in Qatar to grow at a CAGR of 10.81% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the IT market in Qatar for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of IT hardware, software, and services in government organizations, large enterprises, and SMEs.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – IT Market in Qatar 2017-2021
Technavio recognizes the following companies as the key players in the IT market in Qatar: Hewlett Packard Enterprise, IBM, Microsoft, and Oracle.
Other Prominent Vendors in the market are: 3M, Accenture, Acer, Almana Soft, Apple, Argus Technologies, Cisco Systems, Dell EMC, Intel, Rackspace, Salesforce, SAP, and Sonata Software.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is digital transformation and blockchain technology adoption. Digital transformation is the key enabler of blockchain technologies. Digital transformation in industry verticals such as the BFSI and manufacturing sectors is driving the blockchain technology market. In the manufacturing sector, supply chain management systems are being transformed to increase the efficiency of operations.”
According to the report, one driver in the market is increase in IT consolidation and IT modernization. The increase in IT consolidations and IT modernization is taking place to improve the operational efficiency of organizations and to achieve economies of scale, which is driving the IT market in Qatar. The ever-increasing consolidation of IT infrastructures such as data centers and networking systems in the organizations are forcing C-suite executives to implement advanced IT service delivery models such as shared and managed IT services.
Further, the report states that one challenge in the market is overdependence on economic condition. Businesses in Qatar have a high dependence on the country's economic condition. In the current scenario of 2017 Qatar diplomatic crisis, any sign of economic recession or currency fluctuation will lead to drastic changes in investment patterns and cost-cutting measures by the vendors. These measures include cutting down on security solutions and turning toward in-house expertise, which may not be very effective. Since cost-saving is one of the most important criteria for enterprises, they tend to rely on in-house solutions rather than purchase IT solutions from other vendors.
Hewlett Packard Enterprise, IBM, Microsoft, Oracle, 3M, Accenture, Acer, Almana Soft, Apple, Argus Technologies, Cisco Systems, Dell EMC, Intel, Rackspace, Salesforce, SAP, and Sonata Software.