(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 24, 2021, 06:54 /Comserve / -- Qatar Internet of Things (IoT) Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast
Qatar Internet of Things (IoT) Market is expected to register a CAGR of 32.65% over the forecast period from 2020 to 2025. Of all the Arab countries, Qatar is one of the few that can be termed as technologically advanced. The country witnesses a high rate of innovation, starting from IoT, virtual reality, robotics, and the most recent, 5G. Furthermore, as part of its long-term vision and strategy, Qatar aims to become one of the smartest countries in the Middle East. Given the high internet and smartphone penetration levels, the country is poised to grow, in terms of technology-readiness, and it shows a high willingness to adopt new technologies. According to the World Economic Forum (WEF), in 2019, in Qatar, ICT adoption score was 83.8%, and it was ranked at number 8 among 141 countries. These factors are expected to drive the adoption of IoT in the country.
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- The Ministry of Transportation and Communications (MOTC) in Qatar established Tasmu Digital Valley as an innovation cluster where multiple sectors can work together to achieve the goal of Smart Qatar. Tasmu Digital Valley is a smart platform that connects startups, entrepreneurs, investors, researchers, academics, students, multinational corporations, and institutions with the common goal of innovating new digital solutions. IoT as a component is 40% of the Tasmu Smart Qatar use cases. The government has committed to spending QAR 6 billion over the next few years implementing the Tasmu program. Other smart city initiatives that will draw heavily on IoT in their development: Lusail, a greenfield smart city with a target population of 260,000 to be completed in 2020 for USD 45 billion. Msheireb, a regeneration project of Doha's downtown area with a focus on connectivity for USD 5.5 billion.
Key Market Trends
Communication/Connectivity is Expected to Hold Significant Share
- The 5G era is expected to reshape current wireless communication methods used for IoT-based applications. IoT cannot succeed without adequate and affordable wireless connectivity, interoperability, and common standards. 5G has enormous potential to significantly impact how IoT ecosystems are designed, specifically in the areas of reliability, scalability, latency, security, and the level of individual control on connectivity parameters. Cellular IoT deployments in the region are accelerating across the connected cars, utilities, and transportation industries, and with 5G on the horizon, IoT adoption is likely to grow even faster. Network providers across Qatar are increasingly offering 5G connectivity, along with 5G-enabled devices.
- In February 2019, Huawei and Vodafone Qatar agreed to significantly improve and expand Vodafone Qatar's complete wireless network infrastructure, including a massive 5G technology rollout. 5G offers real-time connectivity to power smart devices of all kinds. 5G technology will unlock the enormous potential of the Internet of Things (IoT) that will significantly drive economic benefit and improve livelihoods. This includes smart cities in which self-driving cars interact with traffic systems and connected homes seamlessly to control temperature and energy. This agreement is expected to see the companies at the forefront of digital innovation come together in the acceleration of Qatar's digital transformation to meet the country's economic growth targets and national agenda.
Transportation and Logistics is Expected to Hold Significant Share
- As Qatar transportation infrastructure grows, an increase in traffic-related problems such as traffic congestion, safety, and pollution becomes inevitable. This will necessitate the implementation of sensory infrastructure to collect data about traffic conditions and make the appropriate changes. Application of traffic sensors to monitor traffic conditions and trends and collect actionable data could curb the amount of congestion and foster a safer and more active travel experience, which could significantly reduce the amount of time that the Qatari population spends stuck in traffic during their daily commutes. Other use cases of IoT include connected Transport Network, the road to vehicle communication, and public transportation social listening.
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- Vehicles in Qatar operate in silos despite being the major cause of traffic congestions and incidents on the road. There is a significant potential to decrease congestions and collisions by connecting vehicles to the infrastructure. With the usage of IoT, vehicles could receive real-time roadway information from central traffic management systems. The vehicles can recognize high-risk situations in advance, resulting in driver alerts and warnings through specific actions. The drivers could also make aware of their surroundings, such as traffic lights, traffic signals, parking lots, and emergencies, to act accordingly. This could open significant opportunities in Connected Vehicles (V2V), Real-Time Crowd and Transportation Management, and Mobility Contextual Pre-Advice.
Competitive Landscape
The Qatar Internet of Things (IoT) market appears to be moderately fragmented due to the presence of significant technological giants in the market. Key strategies adopted by the major players in the market are product innovation and mergers and acquisitions. Some of the major players in the market are Labeeb IoT (Qatar Mobility Innovations Center), Ooredoo Q.P.S.C., Vodafone Qatar P.Q.S.C., Cisco Systems Inc., etc.
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Adoption of Smart Home Projects
4.2.2 Roll-out of Government Initiatives in the form of“Digital Government Strategies”
4.3 Market Challenges
4.3.1 Availability of Competent Resources with Skills related to IoT, AI and SD-WAN etc.
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Intensity of Competitive Rivalry
4.4.5 Threat of Substitutes
4.5 Industry Ecosystem Analysis
4.6 PESTEL Analysis – Qatar IoT Market
4.7 Impact of COVID-19 on the IoT industry
4.8 Digital Readiness - Qatar
4.8.1 Analysis of Consumer & Enterprise spending on ICT
4.8.2 Digitization Rate
4.8.3 Mobile & Internet Subscribers in Qatar
4.8.4 Comparison of Digital readiness with other key GCC countries
4.8.5 Smart Home industry in Qatar
4.9 Use Cases of IoT in Qatar
4.9.1 Wastewater Regeneration Facilities Using NEXUS Integra Platform
4.9.2 Industrial Metering Solution for Water Conservation by Ooredoo
4.9.3 Asset Management Solution for Facilities Management etc. by Ooredoo
4.9.4 Fleet Management Services for Logistics Management by Vodafone Qatar
4.9.5 Smart City Initiatives Such as Tasmu Smart Qatar Program
4.9.6 Rollout of Narrowband-IoT (NB-IoT) Network by Vodafone Qatar
4.10 Key global & regional cues on IoT Adoption In Qatar
5 MARKET SEGMENTATION
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