Market Trends of Qatar Digital Transformation Industry
Analytics, Artificial Intelligence and Machine Learning is expected to boost the Market Growth
- By leveraging technologies such as artificial intelligence, machine learning, and others, Qatar has driven economic growth and improved its quality of life through the development of digital infrastructure and the creation of enabling ecosystems.
- In 2023, Qatar advanced to the 48th position in the Digital Quality of Life Index, achieving a value of 0.53, up from 0.51 the previous year. This index evaluates five key pillars: internet affordability, internet quality, e-infrastructure, e-security, and e-government, using 14 indicators. Scores range from zero to one, with one representing the highest quality of digital well-being.
- The government is actively involved in accelerating the country's digital growth and has invested significantly to support it. In March 2024, Qatar earmarked a substantial QAR 9 billion (USD 2.47 billion) incentive package for artificial intelligence (AI) initiatives, signaling a strategic shift towards a holistic digital transformation.
- Google Cloud’s introduction in Qatar opens doors for enterprises and startups to harness advanced technologies, with a special emphasis on artificial intelligence (AI). In February 2024, Ooredoo, a telecom company based in Qatar, collaborated with Google Cloud. This partnership is poised to transform Ooredoo Qatar's data analytics and Artificial Intelligence (AI) capabilities. Leveraging Google Cloud's machine learning and AI solutions, alongside its Smart Analytics tools, Ooredoo Qatar aims to delve deeper into customer preferences and needs. These insights enhance network performance and refine personalized offerings and bolster proactive customer support.
- Moreover, in May 2024, the Qatar Free Zones Authority (QFZ) and Quantiphi, a Google Cloud partner, have signed an agreement to establish a global technology hub in Qatar’s Free Zones. This initiative aims to meet the growing demand for AI and generative AI enterprise solutions, driving innovation and accelerating digital transformation initiatives across Qatar and the region.
Understand The Key Trends Shaping This Market
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Oil, Gas and Energy to Have a Major Share in the Market
- The energy sector is going through a profound transformation driven by digital technologies. The shift spans from embracing renewable energy sources to implementing smart grids, fundamentally altering the production, distribution, and consumption dynamics of energy. Moreover, it can help cut costs, boost output, and reduce carbon emissions in the oil and gas sector
- Qatar's natural gas production, as reported by the Energy Institute, reached approximately 181 billion cubic meters in 2023, up from 177 billion cubic meters in 2021. As gas production expands, managing operations becomes increasingly challenging. Utilizing digital technologies such as AI and IoT is essential to optimize production, reduce costs, and enhance efficiency.
- In February 2024, Petrotec collaborated with Siemens to advance Qatar’s digital energy transformation. This partnership will enhance operational efficiency, optimize asset performance, reduce downtime, implement eco-friendly solutions, and improve resource management.
- The global shift towards sustainability and the move to renewable energy sources have made it imperative to embrace digital technologies for more effective energy generation, storage, and distribution. According to the International Renewable Energy Agency (IRENA), Qatar's installed renewable energy capacity surged to approximately 824 megawatts by 2022, a significant rise from the 24 megawatts recorded the year prior.
