Market Size of Qatar Internet Of Things (IoT) Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.01 Billion |
Market Size (2029) | USD 3.47 Billion |
CAGR (2024 - 2029) | 27.92 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Qatar IoT Market Analysis
The Qatar Internet Of Things Market size is estimated at USD 1.01 billion in 2024, and is expected to reach USD 3.47 billion by 2029, growing at a CAGR of 27.92% during the forecast period (2024-2029).
- Of all the Arab countries, Qatar is one of the few that can be termed technologically advanced. The country witnesses a high rate of innovation, starting from IoT, virtual reality, robotics, and the most recent, 5G. As part of its long-term vision and strategy, Qatar aims to become one of the smartest countries in the Middle East. Given the high internet and smartphone penetration levels, the country is poised to grow in technology readiness and is highly willing to adopt new technologies.
- In February 2023, VMware Inc. declared that Vodafone Qatar selected both VMware Telco Cloud Platform-5G Edition and VMware Cloud Foundation with Tanzu for its modern cloud platform. This alliance deployed the power of 5G, cloud, IoT, and modern applications to bring new solutions to the market to fulfill the country’s digitization ambitions in line with Qatar National Vision 2030.
- The Ministry of Transportation and Communications (MOTC) in Qatar established Tasmu Digital Valley as an innovation cluster where multiple sectors can work together to achieve the goal of Smart Qatar. Tasmu Digital Valley is a smart platform that connects startups, entrepreneurs, investors, researchers, academics, students, multinational corporations, and institutions to innovate new digital solutions. IoT as a component is 40% of the Tasmu Smart Qatar use cases. Such factors are proliferating the IoT market in the country.
- Moreover, the government is launching various initiatives to grow the country's IoT market. For instance, The Qatar Mobility Innovations Center (QMIC), the first independent innovations center in the region with a focus on developing and deploying smart mobility services and systems, developed Labeeb IoT. QMIC's main goal is to use locally engineered innovations and knowledge to create technology-based industries that address regional challenges and grow with mega projects in Qatar and the region.
- Further, QMIC has been delivering IoT platforms and services across several vertical domains, including road safety, environment, logistics, telematics, and intelligent transport. In addition, QMIC is working with major global and national market players and stakeholders to create a market-focused innovation ecosystem in the region.
- Moreover, the increasing efforts from the regulatory authorities in the country are expected to drive the market at a rapid pace. In March 2024, Bahrain FinTech Bay (BFB) and the Qatar Financial Center Authority (QFCA) signed an MoU for collaboration in the fintech sector across the region. This alliance will assist startups in strategizing their expansion moves into Bahrain and Qatar. Further, this will facilitate their deployment of technologies, including cloud and IoT, for growth purposes across the regions.
- The increase in the elderly population results in an increasing burden of chronic health diseases. This results in a decrease in physical activity and loss of mobility. This significantly creates the need for Interactive Connectivity Establishment (ICE) tracking and response to support patients' mobility through sensors and provide immediate response in emergencies. This IoT application could provide rapid medical assistance, especially for the elderly, by developing sensors monitoring patient health and movement. The system is connected to caregivers and emergency response teams to provide assistance based on patient location.
Qatar IoT Industry Segmentation
The Internet of Things (IoT) is defined as a system of connected devices, sensors, and machines that create a network of networks that communicate and share data with each other and users without human interference. IoT applications range from smart appliances to fully integrated smart cities. IoT has combined hardware and software with the internet to create a more technically driven environment.
The Qatari IoT market is segmented by components (hardware, software, services, and communication/connectivity) and end-user verticals (manufacturing, transport and logistics, home and building automation, power and utilities, and government). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Component | |
Hardware | |
Software | |
Services (Managed and Professional) | |
Communication/Connectivity |
By End-user Vertical | |
Manufacturing | |
Transport and Logistics | |
Home and Building Automation | |
Power and Utilities | |
Government |
Qatar Internet Of Things (IoT) Market Size Summary
The IoT market in Qatar is experiencing significant growth, driven by the country's commitment to becoming one of the smartest nations in the Middle East. With high levels of internet and smartphone penetration, Qatar is well-positioned to adopt and integrate advanced technologies such as IoT, 5G, and cloud computing. Initiatives like Tasmu Digital Valley and the Qatar Mobility Innovations Center are fostering innovation and collaboration across various sectors, aiming to develop smart solutions that align with Qatar National Vision 2030. The government's proactive approach, including partnerships with global tech giants and the establishment of innovation hubs, is propelling the IoT market forward, with a focus on smart mobility, healthcare, and smart home solutions.
The transportation and logistics sectors are poised to be significant contributors to the IoT market's expansion, driven by the need to address traffic congestion and enhance cargo handling capabilities. The integration of IoT in these sectors is expected to improve traffic management, vehicle connectivity, and overall transportation efficiency. Additionally, the growing interest in smart home projects and energy management solutions underscores the increasing demand for IoT applications in Qatar. Major players in the market, such as Ooredoo and Vodafone Qatar, are actively enhancing their IoT offerings through strategic partnerships and technological advancements, further solidifying Qatar's position as a leader in the IoT landscape.
Qatar Internet Of Things (IoT) Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Intensity of Competitive Rivalry
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1.2.5 Threat of Substitutes
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1.3 Industry Ecosystem Analysis
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1.4 Assessment of COVID-19 Impact on the Industry
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1.5 Digital Readiness - Qatar
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1.5.1 Analysis of Consumer and Enterprise Spending on ICT
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1.5.2 Digitization Rate
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1.5.3 Mobile and Internet Subscribers in Qatar
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1.5.4 Comparison of Digital Readiness with Other Key GCC countries
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1.5.5 Smart Home Industry in Qatar
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1.6 Use Cases of IoT in Qatar
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1.6.1 Wastewater Regeneration Facilities Using NEXUS Integra Platform
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1.6.2 Industrial Metering Solution for Water Conservation by Ooredoo
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1.6.3 Asset Management Solution for Facilities Management by Ooredoo
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1.6.4 Fleet Management Services for Logistics Management by Vodafone Qatar
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1.6.5 Smart City Initiatives Such as Tasmu Smart Qatar Program
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1.6.6 Roll-out of Narrowband-IoT (NB-IoT) Network by Vodafone Qatar
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1.7 Key Global and Regional Cues on IoT Adoption in Qatar
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2. MARKET SEGMENTATION
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2.1 By Component
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2.1.1 Hardware
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2.1.2 Software
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2.1.3 Services (Managed and Professional)
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2.1.4 Communication/Connectivity
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2.2 By End-user Vertical
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2.2.1 Manufacturing
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2.2.2 Transport and Logistics
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2.2.3 Home and Building Automation
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2.2.4 Power and Utilities
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2.2.5 Government
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Qatar Internet Of Things (IoT) Market Size FAQs
How big is the Qatar Internet Of Things Market?
The Qatar Internet Of Things Market size is expected to reach USD 1.01 billion in 2024 and grow at a CAGR of 27.92% to reach USD 3.47 billion by 2029.
What is the current Qatar Internet Of Things Market size?
In 2024, the Qatar Internet Of Things Market size is expected to reach USD 1.01 billion.