Recent Study: Oman Information Technology Report 2015

BMI has a bullish outlook for the development of the IT market in Oman. The total size of the Omani IT was estimated to have reached OMR164mn in 2013 - up 7.3% from 2012. We forecast growth of 5.8% in 2014 and 5.6% in 2015. Moreover, we expect to see strong medium term growth, with total spending on course to reach OMR210mn by 2018. Several factors are converging, including rapid population growth, rising incomes, declining device prices and modernisation by enterprises and public authorities. Moreover, investments in key verticals such as oil and gas, banking, utilities and aviation will drive overall enterprise spending growth, while small- and medium-sized enterprises will be a key source of growth. Spending by the government will also be a key source of spending, with the national initiative to increase PC ownership and e-government services both key projects

Full Report Details at
- http://www.fastmr.com/prod/924238_oman_information_technology_report_2015.aspx?afid=301

Headline Expenditure Projections:

Computer Hardware Sales: OMR90mn in 2014, rising to OMR94mn in 2015, and to OMR99mn by the end of our five year forecast period to 2018. Rising household PC penetration and increasing prevalence of multiple device ownership through booming tablet sales will drive spending.

Software Sales: OMR37mn in 2014 to OMR40mn in 2015, rising to OMR51mn by the end of our five year forecast period to 2018. Enterprise software investments will be the main growth driver, with large enterprise investment in business intelligence applications and SME investment in more basic ERP systems expected to grow the fastest.

IT Services Sales: OMR47mn in 2014 to OMR50mn in 2015, rising to OMR60mn by the end of our five year forecast period to 2018. Demand for cloud computing and smart systems services from the public and private sectors will help develop the IT services market.

Key Trends And Developments

Cloud computing is a relatively small niche of the Omani IT market, but has high growth potential. In July 2013 the Information Technology Authority Board of Directors...

The Oman Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Oman Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Oman.

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