Market Size of Qatar Managed Services Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 0.59 Billion |
Market Size (2029) | USD 1.14 Billion |
CAGR (2024 - 2029) | 13.95 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Qatar Managed Services Market Analysis
The Qatar Managed Services Market size is estimated at USD 0.59 billion in 2024, and is expected to reach USD 1.14 billion by 2029, growing at a CAGR of 13.95% during the forecast period (2024-2029).
The rapid adoption of cloud-based solutions by enterprises, increasing investment in information technology, and growing adoption of Bring Your Own Device (BYOD) culture are expected to create ample opportunities for major vendors in Qatar.
- Managed services refer to a concept wherein a third-party service provider contains an organization's in-house day-to-day management functions. Managed services primarily involve outsourcing infrastructure, printing, security, mobility, and other processes, though the ownership rights stay with the end-user. It is estimated that successful managed services deployment will help reduce IT cost by 25%-45% and increase operational efficiency by 45-65%. Managed services offer various benefits proven to positively impact the organization's development that adopts such services as they can focus on their core expertise.
- Small and medium-sized enterprises (SMEs) are expected to be the driving factors positively impacting the market growth, as more SMEs are looking to outsource non-core activities. SMEs are paramount to Qatar's National Vision 2030, which has set several strategic goals, including building a well-diversified economy. According to Fatora.io, an incubated startup operating within Qatar Science and Technology Park's (QSTP), part of Qatar Foundation Research, Development, and Innovation, more than 96% of the 25,000 businesses in the private sector registered are classified as SMEs.
- The market for managed services is expected to witness a high demand for managed security and infrastructure services, finance and technology, and IT services. There has been a tremendous shift toward managed services and applications for short and long-term company goals. As managed services enable companies to access enhanced applications and services, it primarily helps them target their core strategic areas while outsourcing the rest of the operations to the service providers with operational expertise in that domain.
- The outbreak of the COVID-19 pandemic has increased the demand for managed security services in the end user verticals. There has been a sharp rise in the various industry's cyberattacks during the COVID-19 global pandemic, particularly attacks using ransomware, business email compromise (BEC), and socially engineered spear-phishing.
- Therefore, the government has released a Zero-trust Model, a holistic approach setup for cybersecurity involving several processes and technologies through which access to all resources is authenticated and verified. Moreover, Qatar Computing Research Institute (QCRI) built a tool that uses enterprise data logs to determine dormant attackers and amplify low attack signals within the network of enterprises. Such research and development enables partnership opportunities for the managed service providers in the market and enhances the need for outsourcing managed services.
Qatar Managed Services Industry Segmentation
Managed services are outsourcing on a proactive basis certain processes and functions intended to improve operations and cut expenses. They simplify IT operations, increase user satisfaction, and improve service quality while reducing operating costs. Managed services options range from short-term post-go-live assistance to long-term application operations.
The Qatar Managed Services Market is segmented by Type (Managed Infrastructure, Managed Hosting, Managed Security (Asset Management and Monitoring, Threat Intelligence and Management, Risk and Compliance, Other Managed Securities), Managed Cloud Services (Cloud-based services outsourced to MSPs), Disaster Recovery and Business Continuity Services) and End-user Vertical (Government, BFSI, Oil and Gas, IT and Telecom, Healthcare, Other End-user Verticals (Retail, Education, Logistics, etc.)
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
By Type | ||||||
Managed Infrastructure (Network and Desktop) | ||||||
Managed Hosting (Application and Data Center) | ||||||
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Managed Cloud Services (Cloud-based Services Outsourced to MSPs) | ||||||
Disaster Recovery and Business Continuity Services |
By End-user Vertical | |
Government | |
BFSI | |
Oil and Gas | |
IT and Telecom | |
Healthcare | |
Other End-user Verticals (Retail, Education, Logistics, etc.) |
Qatar Managed Services Market Size Summary
The Qatar managed services market is poised for significant growth, driven by the increasing adoption of cloud-based solutions and the rising investment in information technology. Managed services, which involve outsourcing day-to-day management functions while retaining ownership rights, are becoming essential for organizations looking to enhance operational efficiency and reduce IT costs. The market is particularly benefiting from the growing trend of Bring Your Own Device (BYOD) culture and the need for small and medium-sized enterprises (SMEs) to focus on core business activities by outsourcing non-core functions. SMEs play a crucial role in Qatar's economic diversification efforts as outlined in the National Vision 2030, further propelling the demand for managed services. The market is expected to see a surge in demand for managed security, infrastructure, finance, and IT services, as organizations increasingly rely on these services to achieve their strategic goals.
The managed cloud services segment is also experiencing robust growth, with organizations in Qatar embracing cloud solutions for their numerous advantages, such as resource optimization and predictable spending. The increasing cloud adoption across various industries is a testament to the reliance on managed service providers to handle complex cloud-related tasks. This trend is further supported by the government's initiatives to enhance cybersecurity through models like the Zero-trust Model, which has increased the demand for managed security services. The competitive landscape of the Qatar managed services market is characterized by the presence of major players like MEEZA QSTP LLC, Gulf Business Machines Qatar W.L.L., and Ooredoo Q.P.S.C., who are expanding their reach through strategic collaborations. Additionally, the government's focus on smart city projects and technological advancements presents further opportunities for managed service providers to optimize infrastructure and protect sensitive information while adhering to budget constraints.
Qatar Managed Services Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Demand for Outsourcing of Non-core Operations and Lack of In-house Capabilities Among Key End Users in the Country
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1.2.2 Growing Availability of Diversified Offerings Supported by Partnerships Between Local MSPs And Large-Scale Organizations
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1.2.3 Supportive Government Policies and Development of Local Landscape due to the Recent Changes in Geopolitical Conditions
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1.3 Market Challenges
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1.3.1 Operational and Regulatory Concerns
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1.4 Market Opportunities
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1.4.1 Increased Awareness on the Security Threats Faced by Local Enterprises
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1.5 Relative Positioning of Key Stakeholders in the Qatari Managed Services Industry
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1.5.1 System Integrators
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1.5.2 ISP's
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1.5.3 Telecom Providers
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1.5.4 Hosting and Storage Providers
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1.6 Base Indicator Analysis of the ICT Sector in Qatar (ICT Industry Spending, Digitization, Internet Penetration, etc.)
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1.7 Impact of COVID-19 on the Managed Services Industry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Managed Infrastructure (Network and Desktop)
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2.1.2 Managed Hosting (Application and Data Center)
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2.1.3 Managed Security
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2.1.3.1 Asset Management and Monitoring
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2.1.3.2 Threat Intelligence and Management
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2.1.3.3 Risk and Compliance
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2.1.3.4 Other Managed Securities
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2.1.4 Managed Cloud Services (Cloud-based Services Outsourced to MSPs)
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2.1.5 Disaster Recovery and Business Continuity Services
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2.2 By End-user Vertical
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2.2.1 Government
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2.2.2 BFSI
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2.2.3 Oil and Gas
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2.2.4 IT and Telecom
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2.2.5 Healthcare
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2.2.6 Other End-user Verticals (Retail, Education, Logistics, etc.)
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Qatar Managed Services Market Size FAQs
How big is the Qatar Managed Services Market?
The Qatar Managed Services Market size is expected to reach USD 0.59 billion in 2024 and grow at a CAGR of 13.95% to reach USD 1.14 billion by 2029.
What is the current Qatar Managed Services Market size?
In 2024, the Qatar Managed Services Market size is expected to reach USD 0.59 billion.