TMCnet News

IT Market in Qatar is Expected to Grow at a CAGR of 10.8% 2017-2021: Driven by Increases in IT Consolidation & IT Modernization - Research and Markets

[August 22, 2017]

IT Market in Qatar is Expected to Grow at a CAGR of 10.8% 2017-2021: Driven by Increases in IT Consolidation & IT Modernization - Research and Markets

The "IT Market in Qatar 2017-2021" report has been added to Research and Markets' offering.

The IT market in Qatar to grow at a CAGR of 10.81% during the period 2017-2021.

The report, IT Market in Qatar 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

One trend in the market is digital transformation and blockchain technology adoption. Digital transformation is the key enabler of blockchain technologies. Digital transformation in industry verticals such as the BFSI and manufacturing sectors is driving the blockchain technology market. In the manufacturing sector, supply chain management systems are being transformed to increase the efficiency of operations.

According to the report,one driver in the market is increase in IT consolidation and IT modernization. The increase in IT consolidations and IT modernization is taking place to improve the operational efficiency of organizations and to achieve economies of scale, which is driving the IT market in Qatar. The ever-increasing consolidation of IT infrastructures such as data centers and networking systems in the organizations are forcing C-suite executives to implement advanced IT service delivery models such as shared and managed IT services.

Key vendors