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Qatar / General

Growth of Qatar’s e-services market forecast to continue

Published: 08 Jan 2024 - 08:18 am | Last Updated: 08 Jan 2024 - 08:23 am
Peninsula

Fazeena Saleem | The Peninsula

Doha, Qatar: The growth of eservices in Qatar is poised for expansion, with an anticipated surge in demand expected in coming years.

Qatar’s e-services market is experiencing a surge in demand as the government promotes digital transformation and the population embraces online services for convenience and efficiency, according to a latest report by Statista, a global online platform specialising in data gathering and visualisation.

The popularity of e-services has surged in recent years, and the online platforms provide a convenient avenue for transactions and access to information. As consumers increasingly look for efficient and hassle-free ways to obtain services, the e-services market continues to grow and diversify.

E-services include the event ticketing market, which covers the sale of tickets for sporting events, music concerts, and cinema showings; and the online education market encompasses the provision of university education, online learning platforms, and professional certification programmes. According to projections of Statista, the revenue in this market is set to reach $122.60m by 2024.

Furthermore, it is anticipated that the market will experience a steady annual growth rate of 4.75% from 2024 to 2028, resulting in a projected market volume of $147.60m by the end of the period.

The report on “eServices: market data and analysis” provides a comprehensive overview of the current e-services market and its future developments, with a focus on 11 different market segments including online education and event tickets. The report includes relevant market data from 2017 to 2027, key players, current trends, and important background information.

According to the report, event tickets are predicted to see an increase in Qatar and set to witness significant market volume in the upcoming years, with a projected value of $111.90m by 2024.