- The key vendors in the IT market in Qatar are Hewlett-Packard Co. (HP), IBM Corp., Microsoft Corp. and Oracle Corp.
London, 08 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the IT Market in Qatar 2015-2019. One of the latest trends emerging in the market is the adoption of cloud computing solutions. Companies worldwide adopt cloud computing solutions to focus on their core business activities. The responsibility and accountability for complex IT tasks, therefore, rests with the cloud service providers. The IT Market in Qatar is expected to grow at a CAGR of 12.37 % during the forecast period 2014-2019.
The government is striving to develop quality of life in the country and has kick-started several initiatives for the development of an IT infrastructure. The Ministry of Information and Communications Technology, known as ictQATAR, has a long-term vision of building an advanced ICT sector that will benefit the entire country.
“The adoption of smart systems in different sectors in Qatar has led to increased IT investment in the country. With a rise in population, the government is taking smart initiatives to meet future demands,” says Faisal Ghaus, Vice President of Technavio Research.
“Increased disposable income, growing preference of people for smart devices, strong economy and need to provide better quality of life is enhancing the IT potential in the region. Leading companies like IBM are contributing significantly to “Smarter Planet” initiatives.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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