Data Center - Qatar

  • Qatar
  • Revenue in the Data Center market is projected to reach US$156.50m in 2024.
  • Network Infrastructure dominates the market with a projected market volume of US$103.60m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.50%, resulting in a market volume of US$201.30m by 2028.
  • In global comparison, most revenue will be generated in the United States (US$99.16bn in 2024).

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

 
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Analyst Opinion

The Data Center market in Qatar has experienced significant growth in recent years, driven by increasing customer preferences for reliable and secure data storage and processing solutions.

Customer preferences:
Customers in Qatar are increasingly demanding data center services that can provide high levels of security, reliability, and scalability. This is driven by the growing importance of data in business operations, as well as the need to comply with data protection regulations. As a result, there is a strong demand for data centers that can offer advanced security features, such as biometric access controls and 24/7 surveillance systems. Additionally, customers are seeking data centers that can provide redundant power and cooling systems to ensure uninterrupted operations.

Trends in the market:
One of the key trends in the Data Center market in Qatar is the increasing adoption of cloud computing services. Organizations are recognizing the benefits of moving their data and applications to the cloud, such as cost savings and scalability. This has led to a growing demand for data centers that can support cloud infrastructure and provide connectivity to major cloud service providers. Furthermore, the rise of Internet of Things (IoT) devices and technologies is generating a massive amount of data that needs to be processed and stored. This has created a need for data centers that can handle the large volumes of data generated by IoT devices and provide real-time analytics capabilities.

Local special circumstances:
Qatar's geographic location and its strategic position as a hub for international business have contributed to the growth of the Data Center market. The country's stable political environment and strong economy have attracted multinational companies to establish their presence in Qatar, increasing the demand for data center services. Additionally, Qatar's ambitious plans to diversify its economy and develop sectors such as finance, healthcare, and transportation have further fueled the need for advanced data center infrastructure.

Underlying macroeconomic factors:
The Data Center market in Qatar is also influenced by several macroeconomic factors. Qatar's population growth, driven by an influx of expatriate workers, has resulted in increased demand for data center services. Furthermore, the government's focus on digital transformation and the development of smart cities has created a favorable environment for data center investments. Additionally, Qatar's strong financial sector and its position as a regional trading hub have attracted international businesses, leading to a higher demand for data center services. In conclusion, the Data Center market in Qatar is experiencing significant growth due to customer preferences for secure and reliable data storage solutions, the increasing adoption of cloud computing services, and the country's favorable business environment. The market is expected to continue expanding as Qatar continues its efforts to diversify its economy and attract international businesses.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. 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, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

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 and the Russia-Ukraine war is considered at a country-specific level.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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