Qatar’s digital transformation market is set to grow significantly, with projections indicating it will reach $9.19bn (QR33.55bn) by 2025, according to Mordor Intelligence’s latest report. The market is expected to grow at a compound annual growth rate (CAGR) of 16.43%, reaching $19.65bn (QR71.75bn) by 2030.
This rapid growth is being fueled by Qatar’s increasing urban population, rising adoption of mobile technologies (including 3G, 4G, and 5G), and smart city initiatives such as Msheireb Downtown Doha and Lusail. The government is heavily invested in becoming a global leader in smart technologies, aiming to position the nation as a smart country by 2030.
Qatar’s efforts are supported by national strategic objectives and government initiatives aimed at enhancing the country’s financial services and digital infrastructure. The market’s expansion is also bolstered by partnerships between banks and the broader financial ecosystem, promoting digitization for businesses and citizens alike.
However, experts note challenges related to data security, particularly with concerns about data being transferred outside the country and the rising risk of data breaches as the volume of data grows. Despite these concerns, Qatar continues to leverage technologies such as artificial intelligence (AI) and machine learning to drive GDP growth and improve quality of life.
The digital transformation market in Qatar also includes prominent players such as Oracle Corporation, IBM, and Wipro Doha LLC, which are advancing through partnerships and expanding their influence in the region. In addition to these corporate efforts, the Supreme Judiciary Council recently launched a five-year digital transformation strategy to automate the judicial system in alignment with Qatar National Vision (QNV) 2030, aiming to modernize the judicial process and provide quicker justice.
