Oman - Information Technology (IT) Market by Type, End-user and Application - Forecast and Analysis 2024-2028

Published: Nov 2023

Pages: 159

SKU: IRTNTR74342

Snapshot

Oman - Information Technology (IT) Market 2024-2028 :

The Oman - Information Technology (IT) Market size is estimated to grow at a CAGR of 9.91% between 2023 and 2028. The market size is forecast to increase by USD 3.20 billion. The growth of the market depends on several factors, including the increased adoption of mobility solutions, the increase in IT consolidation, and IT modernization and emerging technologies. The IT market in Oman refers to the industry that focuses on the provision of information technology products and services in the country of Oman. This market encompasses a wide range of products and services, including hardware, software, networking equipment, IT consulting, IT outsourcing, and support services. The Oman IT market includes both public and private sector organizations, ranging from small businesses to large enterprises across various industries such as finance, healthcare, education, retail, and government. These organizations rely on IT solutions to enhance their operational efficiency, improve communication, automate business processes, and enable digital transformation.

This Oman IT market report extensively covers market segmentation by type (hardware, software, and IT services), end-user (large enterprises and SMEs), and application (BFSI, telecommunication, industrial, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.

What will be the Size of the Oman IT Market During the Forecast Period?

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Oman IT Market Overview

Driver

One of the key factors driving the Oman IT market growth is the increase in IT consolidation and IT modernization. There is an increase in IT consolidations and IT modernization to enhance the operational efficiency of organizations and to achieve economies of scale, which is fuelling the Oman IT market. In addition, the ever-increasing consolidation of IT infrastructures such as data centers and networking systems in organizations is forcing C-suite executives to implement advanced IT service delivery models such as shared and managed IT services.

Moreover, the the continuous changes in technology and the need for IT modernization in numerous industry verticals such as the manufacturing, BFSI, telecom, and healthcare sectors are fuelling the adoption of IT services. In addition, the demand for consolidated IT services will also increase with IT consolidation across industry verticals in the public sector. Furthermore, the public sector spending on IT services used to manage consolidated ICT infrastructure is increasing significantly. Therefore, it is positively impacting the Oman - information technology market. Hence, such factors are driving the Oman IT market growth during the forecast period.

Trends

A key factor shaping the Oman IT market growth is the increased adoption of IT as a service. IT as a services model refers to an IT service delivery model for organizations to manage their IT systems according to strategic business requirements. In addition, the adoption of IT as a service is increasing in organizations as they are trying to implement IT solutions to remain competitive in their businesses.

Moreover, IT service models facilitate organizations to use IT resources optimally for greater operational efficiencies. In addition, changing business requirements in the global marketplace is compelling organizations to align their IT strategies with their business goals for long-term competitive advantages. Furthermore, IT as a service model requires a low upfront investment to set up IT systems in organizations. Hence, such factors are driving the Oman IT market growth during the forecast period.

Restrain

A shortage of skilled professionals is one of the key challenges hindering the Oman IT market growth. Some of the key factors leading to the shortage of skilled professionals include factors such as fewer people opting for specialized medical fields and lack of sufficient investments are a common consensus among IT service providers worldwide that acquiring and retaining qualified professionals and fresh talent. In addition, there is a shortage of talent across the world and this shortage is set to intensify with time if proper and timely measures are not taken.

Moreover, the IT services market is facing challenges in reducing the attrition rate and avoiding the loss of resources, especially when companies are making strategic investments. In addition, the availability of better opportunities and higher wages offered by multinational companies are fuelling attrition rates that are bound to increase in the coming years. Hence, such factors are negatively impacting the Oman - information technology market. Therefore, it is expected to hinder the Oman IT market growth during the forecast period.

Oman IT Market Segmentation By Type

The hardware segment is estimated to witness significant growth during the forecast period. This segment has slow growth due to the growing demand for virtualization, which eliminates the need for organizations to invest in hardware. In addition, as funds are available for the IT infrastructure, which includes servers, personal computers (PCs), network devices, and data centers, the segment is developed, limiting its rate of growth.

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The hardware segment was the largest segment and was valued at USD 1.65 billion in 2018. Moreover, the demand for hardware from various industries, including electronics, is increasing as the demand for infrastructure and automation is growing. In addition, improvements in Omans infrastructure significantly increased people's purchasing power to buy hardware. Furthermore, several IT contracts are being awarded to vendors for data centers, servers, storage, and security devices that use various hardware devices. Furthermore, the rising incidence of intrusion, violation of data security, and infringement are some key factors contributing to the segment's growth. Hence, such factors are fuelling the growth of this segment which in turn will drive the Oman IT market growth during the forecast period.

Oman IT Market Segmentation By End-user

The increasing adoption of IT services by large enterprises segment will increase the Oman IT market. The large enterprise segment can be referred to as organizations or businesses with substantial size and resources that operate in a variety of industries, including banking and finance, oil and gas, manufacturing, telecommunications, and government. In addition, this segment usually employs a sizable workforce in addition to having sophisticated IT systems and infrastructure to support their operations. Moreover, Omans IT industry, the major corporate category is distinguished by a strong need for cutting-edge IT services and solutions that promote productivity, efficiency, and innovation. Furthermore, the large enterprise segment in the Oman - information technology market presents significant opportunities for technology vendors, service providers, and solution developers to offer innovative and customized solutions to support the growth and digital transformation of these organizations. Hence, such factors are fuelling the growth of this segment which in turn will drive the Oman IT market growth during the forecast period.

Oman IT Market Customer Landscape

The Oman IT market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Oman IT Market Customer Landscape

Who are the Major Oman IT Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ACS Services Inc: The company offers IT solutions such as help desk support services, 24 by 7 managed services, network security, hosted cloud solutions, data recovery, and off-site backup.
Capgemini Service SAS: The company offers IT solutions such as cloud services, business services, cloud services, cybersecurity, and risk management.

Cisco Systems Inc: The company offers IT solutions such as packaged solutions, advisory services, solution consulting, and software support.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The Oman IT market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 - 2022.

Type Outlook
- Hardware
- Software
- IT services
End-user Outlook
- Large enterprises
- SMEs
Application Outlook
- BFSI
- Telecommunication
- Industrial
- Others

Oman IT Market Scope
Report Coverage	Details
Page number	159
Base year	2023
Historic period	2018 - 2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 9.91%
Market Growth 2024-2028	USD 3.20 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	8.38
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	ACS Services Inc., Broadcom Inc., Capgemini Service SAS, Cisco Systems Inc., CrimsonLogic Pte. Ltd., Dell Technologies Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Infosys Ltd., International Business Machines Corp., Juniper Networks Inc., Lenovo Group Ltd., Microsoft Corp., Muse Technologies Inc., Oracle Corp., SAP SE, Tata Consultancy Services Ltd., and Toshiba Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Oman IT Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across Oman
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 11: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 12: Chart on Oman - Market size and forecast 2023-2028 ($ million)
- Exhibit 13: Data Table on Oman - Market size and forecast 2023-2028 ($ million)
- Exhibit 14: Chart on Oman: Year-over-year growth 2023-2028 (%)
- Exhibit 15: Data Table on Oman: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 IT market in Oman 2018 - 2022
- Exhibit 16: Historic Market Size – Data Table on it market in Oman 2018 - 2022 ($ million)

4.2 Type Segment Analysis 2018 - 2022
- Exhibit 17: Historic Market Size – Type Segment 2018 - 2022 ($ million)

4.3 End-user Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – End-user Segment 2018 - 2022 ($ million)

4.4 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 27: Chart on Type - Market share 2023-2028 (%)
- Exhibit 28: Data Table on Type - Market share 2023-2028 (%)

6.2 Comparison by Type
- Exhibit 29: Chart on Comparison by Type
- Exhibit 30: Data Table on Comparison by Type

6.3 Hardware - Market size and forecast 2023-2028
- Exhibit 31: Chart on Hardware - Market size and forecast 2023-2028 ($ million)
- Exhibit 32: Data Table on Hardware - Market size and forecast 2023-2028 ($ million)
- Exhibit 33: Chart on Hardware - Year-over-year growth 2023-2028 (%)
- Exhibit 34: Data Table on Hardware - Year-over-year growth 2023-2028 (%)

6.4 Software - Market size and forecast 2023-2028
- Exhibit 35: Chart on Software - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Data Table on Software - Market size and forecast 2023-2028 ($ million)
- Exhibit 37: Chart on Software - Year-over-year growth 2023-2028 (%)
- Exhibit 38: Data Table on Software - Year-over-year growth 2023-2028 (%)

6.5 IT services - Market size and forecast 2023-2028
- Exhibit 39: Chart on IT services - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Data Table on IT services - Market size and forecast 2023-2028 ($ million)
- Exhibit 41: Chart on IT services - Year-over-year growth 2023-2028 (%)
- Exhibit 42: Data Table on IT services - Year-over-year growth 2023-2028 (%)

6.6 Market opportunity by Type
- Exhibit 43: Market opportunity by Type ($ million)
- Exhibit 44: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 45: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 46: Data Table on End-user - Market share 2023-2028 (%)

7.2 Comparison by End-user
- Exhibit 47: Chart on Comparison by End-user
- Exhibit 48: Data Table on Comparison by End-user

7.3 Large enterprises - Market size and forecast 2023-2028
- Exhibit 49: Chart on Large enterprises - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Data Table on Large enterprises - Market size and forecast 2023-2028 ($ million)
- Exhibit 51: Chart on Large enterprises - Year-over-year growth 2023-2028 (%)
- Exhibit 52: Data Table on Large enterprises - Year-over-year growth 2023-2028 (%)

7.4 SMEs - Market size and forecast 2023-2028
- Exhibit 53: Chart on SMEs - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Data Table on SMEs - Market size and forecast 2023-2028 ($ million)
- Exhibit 55: Chart on SMEs - Year-over-year growth 2023-2028 (%)
- Exhibit 56: Data Table on SMEs - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by End-user
- Exhibit 57: Market opportunity by End-user ($ million)
- Exhibit 58: Data Table on Market opportunity by End-user ($ million)

8 Market Segmentation by Application

8.1 Market segments
- Exhibit 59: Chart on Application - Market share 2023-2028 (%)
- Exhibit 60: Data Table on Application - Market share 2023-2028 (%)

8.2 Comparison by Application
- Exhibit 61: Chart on Comparison by Application
- Exhibit 62: Data Table on Comparison by Application

8.3 BFSI - Market size and forecast 2023-2028
- Exhibit 63: Chart on BFSI - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Data Table on BFSI - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Chart on BFSI - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on BFSI - Year-over-year growth 2023-2028 (%)

8.4 Telecommunication - Market size and forecast 2023-2028
- Exhibit 67: Chart on Telecommunication - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on Telecommunication - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on Telecommunication - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Telecommunication - Year-over-year growth 2023-2028 (%)

8.5 Industrial - Market size and forecast 2023-2028
- Exhibit 71: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Industrial - Year-over-year growth 2023-2028 (%)

8.6 Others - Market size and forecast 2023-2028
- Exhibit 75: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Others - Year-over-year growth 2023-2028 (%)

8.7 Market opportunity by Application
- Exhibit 79: Market opportunity by Application ($ million)
- Exhibit 80: Data Table on Market opportunity by Application ($ million)

9 Customer Landscape

9.1 Customer landscape overview
- Exhibit 81: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 82: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 83: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 84: Overview on factors of disruption

11.4 Industry risks
- Exhibit 85: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 86: Vendors covered

12.2 Market positioning of vendors
- Exhibit 87: Matrix on vendor position and classification

12.3 ACS Services Inc.
- Exhibit 88: ACS Services Inc. - Overview
- Exhibit 89: ACS Services Inc. - Product / Service
- Exhibit 90: ACS Services Inc. - Key offerings

12.4 Capgemini Service SAS
- Exhibit 91: Capgemini Service SAS - Overview
- Exhibit 92: Capgemini Service SAS - Business segments
- Exhibit 93: Capgemini Service SAS - Key news
- Exhibit 94: Capgemini Service SAS - Key offerings
- Exhibit 95: Capgemini Service SAS - Segment focus

12.5 Cisco Systems Inc.
- Exhibit 96: Cisco Systems Inc. - Overview
- Exhibit 97: Cisco Systems Inc. - Business segments
- Exhibit 98: Cisco Systems Inc. - Key news
- Exhibit 99: Cisco Systems Inc. - Key offerings
- Exhibit 100: Cisco Systems Inc. - Segment focus

12.6 Dell Technologies Inc.
- Exhibit 101: Dell Technologies Inc. - Overview
- Exhibit 102: Dell Technologies Inc. - Business segments
- Exhibit 103: Dell Technologies Inc. - Key news
- Exhibit 104: Dell Technologies Inc. - Key offerings
- Exhibit 105: Dell Technologies Inc. - Segment focus

12.7 Fujitsu Ltd.
- Exhibit 106: Fujitsu Ltd. - Overview
- Exhibit 107: Fujitsu Ltd. - Business segments
- Exhibit 108: Fujitsu Ltd. - Key news
- Exhibit 109: Fujitsu Ltd. - Key offerings
- Exhibit 110: Fujitsu Ltd. - Segment focus

12.8 Hewlett Packard Enterprise Co.
- Exhibit 111: Hewlett Packard Enterprise Co. - Overview
- Exhibit 112: Hewlett Packard Enterprise Co. - Business segments
- Exhibit 113: Hewlett Packard Enterprise Co. - Key news
- Exhibit 114: Hewlett Packard Enterprise Co. - Key offerings
- Exhibit 115: Hewlett Packard Enterprise Co. - Segment focus

12.9 Infosys Ltd.
- Exhibit 116: Infosys Ltd. - Overview
- Exhibit 117: Infosys Ltd. - Business segments
- Exhibit 118: Infosys Ltd. - Key news
- Exhibit 119: Infosys Ltd. - Key offerings
- Exhibit 120: Infosys Ltd. - Segment focus

12.10 International Business Machines Corp.
- Exhibit 121: International Business Machines Corp. - Overview
- Exhibit 122: International Business Machines Corp. - Business segments
- Exhibit 123: International Business Machines Corp. - Key news
- Exhibit 124: International Business Machines Corp. - Key offerings
- Exhibit 125: International Business Machines Corp. - Segment focus

12.11 Juniper Networks Inc.
- Exhibit 126: Juniper Networks Inc. - Overview
- Exhibit 127: Juniper Networks Inc. - Product / Service
- Exhibit 128: Juniper Networks Inc. - Key offerings

12.12 Lenovo Group Ltd.
- Exhibit 129: Lenovo Group Ltd. - Overview
- Exhibit 130: Lenovo Group Ltd. - Business segments
- Exhibit 131: Lenovo Group Ltd. - Key offerings
- Exhibit 132: Lenovo Group Ltd. - Segment focus

12.13 Microsoft Corp.
- Exhibit 133: Microsoft Corp. - Overview
- Exhibit 134: Microsoft Corp. - Business segments
- Exhibit 135: Microsoft Corp. - Key news
- Exhibit 136: Microsoft Corp. - Key offerings
- Exhibit 137: Microsoft Corp. - Segment focus

12.14 Muse technologies Inc.
- Exhibit 138: Muse technologies Inc. - Overview
- Exhibit 139: Muse technologies Inc. - Product / Service
- Exhibit 140: Muse technologies Inc. - Key offerings

12.15 Oracle Corp.
- Exhibit 141: Oracle Corp. - Overview
- Exhibit 142: Oracle Corp. - Business segments
- Exhibit 143: Oracle Corp. - Key news
- Exhibit 144: Oracle Corp. - Key offerings
- Exhibit 145: Oracle Corp. - Segment focus

12.16 Tata Consultancy Services Ltd.
- Exhibit 146: Tata Consultancy Services Ltd. - Overview
- Exhibit 147: Tata Consultancy Services Ltd. - Business segments
- Exhibit 148: Tata Consultancy Services Ltd. - Key news
- Exhibit 149: Tata Consultancy Services Ltd. - Key offerings
- Exhibit 150: Tata Consultancy Services Ltd. - Segment focus

12.17 Toshiba Corp.
- Exhibit 151: Toshiba Corp. - Overview
- Exhibit 152: Toshiba Corp. - Business segments
- Exhibit 153: Toshiba Corp. - Key offerings
- Exhibit 154: Toshiba Corp. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 155: Inclusions checklist
- Exhibit 156: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 157: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 158: Research methodology
- Exhibit 159: Validation techniques employed for market sizing
- Exhibit 160: Information sources

13.5 List of abbreviations
- Exhibit 161: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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