Doha: Qatar’s computing sector is expected to generate $65.5 million (QR238.8 million) in revenue this year, according to a report by Statista. Researchers project a compound annual growth rate (CAGR) of 4.83 percent over the next five years, with the market volume anticipated to reach $82.92 million (QR301.93 million) by 2029.
Qatar is making significant strides in digital innovation and transformation, aiming to bolster its economy, promote sustainable growth, and enhance the technology sector for long-term development and competitiveness. The country is rapidly embracing transformation trends to diversify various sectors, driving efficiency, innovation, and GDP growth.
The demand for digital skills, particularly in areas such as cybersecurity, cloud computing, and software development, is expected to increase notably in the coming years. Analysts attribute this growth to the enhanced productivity and efficiency brought about by modern technologies and automation.
In a significant development last year, Google Cloud established its first-ever GCC presence in Qatar, focusing on creating innovative solutions for customers across the region. According to Access Partnership, the Google Cloud market in Qatar is projected to generate $18.9 billion (QR68.81 billion) in Gross Economic Output (GO) by the end of the decade.
Celebrating its first anniversary in May, Google Cloud officials emphasized their ongoing investments and collaborations with numerous organizations across Qatar to support digital transformation efforts.
However, despite Qatar’s impressive projected market volume, Statista researchers noted that the United States leads the global computing sector with the highest generated revenue of $20.3 billion (QR73.92 billion).
In the computing market, the number of users in Qatar is expected to reach 525.3k by 2029, with user penetration rising from 13.4 percent in 2024 to 18.9 percent by 2029. Market experts also highlighted that the average revenue per user (ARPU) in the US is projected to be $182.20 (QR663.44).
