Iraq IT Services Market – Industry Trends and Forecast to 2029

Iraq IT Services Market Analysis and Size

IT services are basically described as the combination of technical and business expertise in order to provide organizations with management, creation, and optimization of business processes. It helps in guiding the organizations for the overall IT strategy, which includes cloud, data center, and type of technology and functionality needed within the context of the enterprise's IT and business environments.

Data Bridge Market Research analyses that the Iraq IT services market is expected to reach the value of USD 40.28 million by 2029, at a CAGR of 9.9% during the forecast period. "Smart Systems" accounts for the largest components segment in the IT services market and provides basic facilities and a wide range of features with different platforms.      

Market Definition

IT services is a cutting-edge facility that manages IT-related computer systems and equipment. IT services connect infrastructure standards to the operational environment requirements of various end user industries. The IT services are outsourced from many companies across the globe that provides the facility based on the end user and customer requirement. The advancement in IT operations in the cloud-based platform has made the IT services to be more data-driven and work in real-time. This creates a greater value for the business and, increases the business opportunity discovery, operational efficiency, and provides remote access optimization.

IT services can be categorized into two types, managed services, and professional services. Managed services are continuous support to its customers, and usage of these services is frequent as operations such as bug fixing and server maintenance occur on a regular basis. Professional services are occasional IT services with offerings such as infrastructure integration, consulting, and training. In this, services are limited for a particular period of time, depending upon the type of project.

Iraq IT Services Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Growing need for smart and security systems

Smart and security systems nowadays operate on low current signals with extra low voltage. Low current system infrastructure is the central part of any new building construction from residential, hotel, commercial, complexes, or smart university campuses.

A number of security systems include CCTV systems, home automation systems, lighting control, intruder alarm systems, master clock systems, smart TV and IPTV, audio-visual systems, public address system, nurse call system, network, and IP telephony are controlled by low current components.

• Rising adoption of the low current system in the construction sector

Small and medium enterprises are moving towards digitalization and building IT enabled infrastructure. This is being made possible by the low-current services offered by service providers. It has become more convenient for companies in Iraq to opt for low current services by outsourcing the services to a third party without expanding the infrastructure, thus reducing the overall cost. SMEs in Iraq are opting for low current services to optimize and transform their businesses, which is expected to act as a major driving factor for the market.

• Increasing demand for automatic fire fighting system

Firefighting systems are exceptionally used to avoid fire-related hazards. A distinction is made between systems that are actuated automatically and system which an operator actuates. The demand for automatic fire fighting systems is increasing because the automatic system includes sensors capable of detecting combustion, alarm signaling devices, fire-extinguishing equipment, starting and stopping devices, and feeders for the fire-extinguishing substances.

• Rising demand for remote working and learning facilities

The pandemic has disturbed schooling in more than 150 nations and impacted 1.6 billion understudies. Accordingly, numerous nations carried out some type of remote learning. The education response during the beginning stage of COVID-19 focused on executing remote learning modalities as a crisis reaction. However were not effective all the time but as the pandemic has developed, so too have education responses.

Restraints/Challenges

• Security and privacy concerns

The low current services and solutions such as structural cabling, CCTV solutions, advanced access control solutions, networking solutions, IP telephony systems & PABX solutions, PA system & VA system, master clock, and wireless solutions have complex structures. The security risk related to low current devices is that a fault in one component can destroy the whole system. The data stored in CCTV systems can get corrupted. Thus, these security concerns may act as a restraint for market growth.

• Unavailability of service technicians

Businesses can encounter downtime if technicians are not available to address the issues immediately. Retaining experienced and skilled staff can be challenging due to the decline in the availability of field service technicians. Maintenance and repair service is a collective affair, and the field service operations are heavily interconnected with several consecutive tasks involving multiple stakeholders that must be managed in a particular manner. The technicians are a crucial point of contact between the office and the field.

Post COVID-19 Impact on Iraq IT Services Market

COVID-19 created a major impact on the IT services market as almost every country opted for the shutdown of every production facility except the ones dealing in producing the essential goods. The government has taken some strict actions such as the shutdown of production and sale of non-essential goods, blocked international trade, and many more to prevent the spread of COVID-19. The only business which was dealing in this pandemic situation were the essential services that were allowed to open and run the processes.

COVID-19 has impacted the Iraq IT services market. The limited investment costs and lack of employees hampered the sales and production of IT services. However, government and market key players adopted new safety measures for developing the practices. The advancements in technology escalated the growth rate of the IT services market as it targeted the right audience. The IT services construction market is expected to regain its pace during the post-pandemic scenario due to the easing of the restrictions.

Recent Developments

• In March 2019, TECO Middle. East launched a solution for company applications in android and apple systems. The application helps their customers to keep track of their upcoming and ongoing projects and be quick in decision-making. This application has helped the company to streamline its whole process
• In June 2022, Energy Pillars completed project ITT No. 2107-717 electrical upgradation works for facilities at Mina Zayed port. This completed project will help the company to attract new customers and will improve the brand value in the market

Iraq IT Services Market Scope

The Iraq IT services market is segmented on the basis of offerings, type, tier type, size, technology and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

System

• Smart system
• Security system
• Control and automation

On the basis of system, Iraq IT services market is segmented into smart system, security system, and control and automation.

Type

• Professional services
• Managed services

On the basis of type, Iraq IT services market is segmented into professional services and managed services.

Organization Size

• Large enterprises
• Small and medium enterprises

On the basis of tier organization size, Iraq IT services market is segmented into large enterprises, and small and medium enterprises.

End User

• Commercial
• Industrial
• Residential
• Government
• Others

On the basis of end user, the Iraq IT services market is segmented into commercial, industrial, residential, government, and others.

Iraq IT Services Market Regional Analysis/Insights

The Iraq IT services market is analyzed, and market size insights and trends are provided by country, type, type, organization size, system, and end user as referenced above.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Middle East brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and IT Services Market Share Analysis

The Iraq IT services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, region presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Iraq IT services market.

Some of the major players operating in the Iraq IT services market are Intercom Enterprises, TECO Middle. East, Advanced Micro Technologies Co., Emirates Dawn., AL Sadara UAE, Energy Pillars, Mobi EGYPT, Industrial Dimensions Contracting Co., EMergy Consultancy, BITS secure IT infrastructure., Guqa IT Team, Zegtech Inc., BTC NETWORKS, Skies ltd., ADS, among others.

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