Qatar’s digital transformation market is projected to grow significantly, with an expected market size of $9.19bn (QR33.55bn) by 2025, and a compound annual growth rate (CAGR) of 16.43%, reaching $19.65bn (QR71.75bn) by 2030, according to Mordor Intelligence’s latest report.
The rapid growth is driven by an increasing urban population, widespread adoption of mobile phones supporting 3G, 4G, and 5G services, and the success of Qatar’s smart city projects, such as Msheireb Downtown Doha and Lusail. These developments are contributing to the country’s digital transformation, aligning with Qatar’s ambitions to become a global leader in smart technologies.
The government’s strategic initiatives, including partnerships between banks and the financial ecosystem, are enhancing digital services for both citizens and businesses. However, the transition faces challenges, such as concerns over data privacy and security, as well as the increasing volume of data stored digitally, making businesses more vulnerable to data breaches.
By leveraging advanced technologies like artificial intelligence (AI) and machine learning, Qatar has enhanced its digital infrastructure, boosting GDP growth and improving quality of life. Major players like Oracle, IBM, and Wipro are key contributors to Qatar’s digital transformation, forming partnerships to expand their market presence.
The Supreme Judiciary Council has also launched a five-year digital transformation strategy to automate Qatar’s judicial system in alignment with the Qatar National Vision 2030, aiming to streamline the legal process and ensure prompt justice.
