Qatar cybersecurity market set to reach $204mn by 2031

Qatar's cybersecurity market is on track to grow from $151.75 million in 2026 to $203.99 million by 2031, according to a new industry report. This growth is driven by increasing digitalization, regulatory requirements, and the need to protect critical infrastructure. Government policies, which prioritize cyber resilience in national governance, are key factors shaping the market.

Major drivers include government entities, sovereign enterprises, and regulated industries, supported by cloud-led public sector programs, smart infrastructure development, and financial services modernization. The report projects that cybersecurity solutions will account for 61.79% of the market in 2025, while services are expected to grow at a faster rate with a CAGR of 7.92%.

Cloud-based solutions are expected to grow at a CAGR of 6.52%, while on-premise solutions currently dominate with a 61.21% share. The banking, financial services, and insurance (BFSI) sector is the largest end-user, followed by healthcare, which is forecast to grow the fastest at a CAGR of 7.82%. Large enterprises make up 67.83% of market demand, with small and medium-sized enterprises (SMEs) expected to grow at a CAGR of 6.47%.

Government initiatives, such as Qatar's National Cybersecurity Strategy 2024-2030, play a significant role in shaping the market, focusing on critical infrastructure resilience, legislation, data-driven economies, workforce development, and international cooperation. Industrial security, particularly in the energy sector, and smart-city infrastructure are also growing areas, as connected systems become more prevalent across the economy.