Oman IT Market to grow by USD 3.20 billion between 2023 to 2028, Increase in IT consolidation and IT modernization boosts the market - Technavio

NEW YORK, Dec. 14, 2023 /PRNewswire/ -- The Oman IT market by type (hardware, software, and IT services), end-user (large enterprises and SMEs), and application (BFSI, telecommunication, industrial, and others) - Forecast and Analysis 2024-2028 report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the IT market in Oman between 2023 and 2028 is USD 3.20 billion. 

The increase in IT consolidation and IT modernization drives market growth. There is a rise in  IT consolidations and IT modernization to improve the operational efficiency of organizations and to achieve economies of scale, which is fuelling the Oman IT market. Moreover, the ever-increasing consolidation of IT infrastructures including 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. Hence, such factors drive the market growth. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Market Challenge -

A shortage of skilled professionals hinders the market growth. 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 is leading to a shortage of skilled professionals. Hence, such factors hinder the market growth.

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The IT market in Oman is segmented by type (hardware, software, and IT services), end-user (large enterprises and SMEs), and application (BFSI, telecommunication, industrial, and others)

• The market growth of the hardware segment is significant during the forecast period. Factors such as the growing demand for virtualization, which eliminates the need for organizations to invest in hardware fuel the growth of this segment. Furthermore, the demand for hardware from various industries, such as electronics, is growing as the demand for infrastructure and automation is growing which is driving the market growth during the forecast period.

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Key Companies in the IT market in Oman:

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.

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by End-user

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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