Qatar’s digital transformation market is projected to reach USD 9.19 billion (QAR 33.55 billion) by 2025, and USD 19.65 billion (QAR 71.75 billion) by 2030, developing at a compound annual growth rate (CAGR) of 16.43%, according to Mordor Intelligence.
This growth is attributed to a rising urban population; increasing adoption of devices supporting 3G, 4G, and 5G network services; and ongoing smart city initiatives such as Msheireb Downtown Doha and Lusail.
The Qatari government is actively implementing advanced technologies to position the country at the forefront of smart nations worldwide. The global smart city market, which Qatar aims to leverage, is expected to amount to nearly USD 7 trillion (QAR 25.56 billion) by 2030.
Latest: Qatar’s AI Market Projected to Hit USD 567 Million in 2025
Accelerating Digital Transformation through Strategic Partnerships
In a strategic move to digitize and enhance services for citizens and enterprises, the Qatari government is actively promoting partnerships with banks and the broader financial ecosystem.
Major contributors to Qatar’s digital transformation journey include Oracle Corporation, International Business Machines Corp. (IBM), and Wipro Doha LLC. These major players continue to innovate and expand their presence in developing regions.
Furthermore, Qatar’s Supreme Judiciary Council launched a five-year digital transformation strategy to automate and advance its judicial system. This initiative aligns with Qatar’s National Vision 2030, which aims to position Qatar as a global leader in digital innovation and transformation.
Despite these endeavors, the country may face challenges in its digital transformation journey, driven by data transfer concerns outside Qatar and increased vulnerability to data breaches due to growing digital data volumes.
In response, Qatar is leveraging modern technologies such as artificial intelligence (AI) and machine learning (ML) to accelerate its gross domestic product (GDP) and enhance quality of life through improved digital infrastructure.
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