Software - Qatar

Qatar

In 2024, the Software market in Qatar is expected to generate a revenue of US$353.70m.
Among the different segments, Enterprise Software is projected to dominate the market with a market volume of US$146.20m in the same year.
Looking ahead, the revenue is anticipated to grow at an annual growth rate of 4.29% (CAGR 2024-2029), resulting in a market volume of US$436.40m by 2029.
In terms of global comparison, United States is forecasted to generate the highest revenue in the Software market, reaching US$363.40bn in 2024.
Qatar's software market is rapidly expanding, fueled by the country's growing investment in technology and digital transformation initiatives.

Key regions: United States, Canada, Germany, China, Japan

Definition:

In general, software is defined as a set of instructions written as programming code to execute specific tasks on a computing device. The Software market covers a wide range of software products and solutions that are publicly sold by various companies. Most software solutions in this market are designed for professional use, but some can also be suitable for personal use. They can also range from basic productivity tools such as word processors and spreadsheets to complex software solutions such as project management tools, graphic design software, and enterprise resource planning software.

Products in the Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Structure:

The market contains four markets that are based on the functionality of the software:

Productivity Software refers to application software that supports activities such as producing documents, spreadsheets, drawings, and presentations. This market includes Administrative Software, Collaboration Software, Office Software, Creative Software, and Construction and Design Software.
Enterprise Software refers to all software that supports essential large-scale business activities such as enterprise resource management, customer management, and supply chain activities. This market includes Enterprise Resource Planning Software, Customer Relationship Management Software, Business Intelligence Software, Supply Chain Management Software, Content Management Software, and Other Enterprise Software.
Application Development Software refers to software and tools that help the overall application development process.
System Infrastructure Software refers to software that provides the base framework for operating and managing organizational processes and services on hardware devices.

Additional Information:

The Software market comprises revenue and revenue change as the key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in this market include Microsoft, Adobe, SAP, Oracle, and Salesforce.

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Analyst Opinion

The software market in Qatar has been experiencing steady growth in recent years, driven by the country's push towards becoming a knowledge-based economy and its increasing focus on technology and innovation.

Customer preferences: Qatar's software market is primarily driven by demand from government and business sectors, with a particular emphasis on enterprise resource planning (ERP) and customer relationship management (CRM) software. There is also a growing demand for mobile applications, cloud computing services, and cybersecurity solutions as businesses and individuals become more reliant on technology.

Trends in the market: One of the key trends in Qatar's software market is the increasing adoption of cloud-based solutions, as businesses seek to reduce costs and enhance their agility. Another trend is the growing use of artificial intelligence (AI) and machine learning (ML) technologies, which are being used to improve business processes and enhance customer experiences. Additionally, there is a growing interest in open-source software solutions, which offer greater flexibility and cost savings.

Local special circumstances: Qatar's software market is heavily influenced by the country's National Vision 2030, which aims to transform the country into a knowledge-based economy. As part of this vision, the government has been investing heavily in technology and innovation, with a particular focus on developing the country's ICT infrastructure. Additionally, Qatar's hosting of the 2022 FIFA World Cup has led to increased demand for software solutions in areas such as event management, security, and transportation.

Underlying macroeconomic factors: Qatar's software market is supported by a number of underlying macroeconomic factors, including the country's strong economic growth, its young and tech-savvy population, and its strategic location at the crossroads of Europe, Asia, and Africa. Additionally, Qatar's government has been implementing a number of policies aimed at promoting entrepreneurship and innovation, which have helped to create a favorable environment for software development and innovation.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises, except for the Enterprise Software segment, in which consumer (B2C) spending is not considered. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, level of digitization, GDP sector composition, and observed level of software piracy. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.