Indoor Digital Signage is likely to be One of the Key Segments in Qatar Digital Signage Market over the Next Six Years- 6Wresearch

Qatar is predicted to be the fastest growing country in the GCC region. The country’s real GDP growth by IMF is forecast to be 3.4% in 2017. The country’s construction sector grew by 9.9% in 2016 which paved the way for steady growth of the economy; this growth is attributed to the allotment of over $25 billion by the government for several projects in certain key sectors such as health, education, and transportation. GDP from non-oil dependent sectors expanded by 5.6% in 2016, driven by huge emphasis on infrastructural development activities and completion of projects in preparation for upcoming FIFA World Cup 2022. Additionally, continuous spending by the government across key public sectors to avoid delay in completion of projects coupled with growing private sector contribution will boost Qatar Digital Signage Market over the next few years.

According to 6Wresearch, Qatar Digital Signage Market is expected to grow at a CAGR of 6.5% during 2017-23. In 2017, the government outlined a budget allocation of over $12 billion under the National Development Strategy for infrastructure and transportation projects, $2.3 billion for healthcare projects as well as $1.6 billion for education sector projects. Further, certain key projects commenced in 2016 such as Ezdan mall at Al Wakrah, Festival Mall, and Tawar Mall would boost the retail end user application during the forecast period.

According to Prijo Samuel, Assistant Research Manager, Research and Consulting, 6Wresearch, “The Hospitality sector is projected to witness substantial growth during the forecast period and would contribute significantly to the growth of digital signage market. This would be primarily due to the government’s strategy for Qatar National Tourism Sector which is focused towards improving the tourism sector over the next five years.”

Moreover, “Completion of some of the major hospitality projects by 2017 and invitation to local and international investors are expected to pave the way for enhanced cooperation and huge investment across projects in the hospitality sector,” He further Added.

According to Kushagra Sharma, Research Associate, Research and Consulting, 6Wresearch, “Indoor application dominated the Qatar digital signage market due to low cost of indoor digital signage systems and extensive growth of hotels, malls, healthcare and educational institutes across the country.

Additionally, same trend is expected to continue during the forecast period as well, where indoor application is likely to contribute significantly to the growth of Qatar digital signage market.”

Some of the major players in Qatar Digital Signage Market include- BenQ, LG, Mood Media, Navori, NEC, Panasonic, Samsung, Scala, Sharp, and Sony.

“Qatar Digital Signage Market (2017-2023)” estimates and forecast the overall digital signage market by revenue, sales volume, by component, display screen type, display screen technology, display screen size, end users, applications and by country. The report also offer key insights on competitive landscape, market share by companies, company profiles, market trends, market drivers and restraints.