IT Market in Oman 2015-2019
IT is required to develop a secure cyber environment, maintain a uniform flow of information, and increase the revenue of an organization. Oman is offering huge opportunities for IT investment, evident by the initiation of several large projects. The IT market in Oman is expected to grow rapidly, supported by its expanding population, government initiatives, and increasing demand for SMAC technologies. The government is also providing support to the SME sector in the country, which in turn is expected to drive the IT market in Oman. Oman’s contribution to the IT market in GCC is negligible. The country's favorable economic conditions and increased adoption of new technologies such as cloud computing and big data are all expected to contribute significantly to the growth of IT market in Oman.
Technavio’s analysts forecast the IT market in Oman to grow at a CAGR 8.31% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the IT market in Oman for the period 2015-2019. The IT market in Oman is categorized into three: hardware, software, and IT services. Technavio’s report, IT Market in Oman 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes the profile of key vendors operating in this market.
Technavio Announces the Publication of its Research Report – IT Market in Oman 2015-2019
Technavio recognizes the following companies as the key players in IT Market in Oman 2015-2019: Gulf Business Machines, HP, IBM, Microsoft, Oman Data Park, Oracle and TCS
Other Prominent Vendors in the market are: Acer, ACS, Al Rabban Computer Technology, Anzyma, Apple, Brocade, CA Technologies,Capgemini, Celerant Consulting, Cisco Systems, Crimson Logic, Dell, Delta Computer, EMC, Epicor Software, E-Solutions, Fortinet, Fujitsu, HCL Infosystems, Hitachi, Huwaei, iGate, Infosys, Lenovo Group, MDS Holdings, Sage Group, Suleyum Al Kiyumi Trading and Toshiba
Commenting on the report, an analyst from Technavio’s team said: “Oman's digital strategy initiative, which is aimed at improving the interaction with citizens through enhancement of e-services, has paved the way for creating a knowledge society in Oman. This has helped in spreading digital awareness across the government, education, and business sectors.”
According to the report, operational complexities associated with IT infrastructure have increased across sectors in Oman. Therefore, the need to reduce these complexities is driving the IT market in Oman. The majority of the demand for IT services in the country originates from the BFSI, oil and gas, private, and aviation sectors. Demand from the banking sector has also increased because of a rise in the number of people using e-banking services. Demand for IT services from the government sector has also increased with a rise in e-government services.
Further, the report states that concerns about cyber security and software piracy have increased in this market affecting its growth.
Gulf Business Machines, HP, IBM, Microsoft, Oman Data Park, Oracle, TCS, Acer, ACS, Al Rabban Computer Technology, Anzyma, Apple, Brocade, CA Technologies,Capgemini, Celerant Consulting, Cisco Systems, Crimson Logic, Dell, Delta Computer, EMC, Epicor Software, E-Solutions, Fortinet, Fujitsu, HCL Infosystems, Hitachi, Huwaei, iGate, Infosys, Lenovo Group, MDS Holdings, Sage Group, Suleyum Al Kiyumi Trading, Toshiba
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