Recently published research from Business Monitor International, "Oman Information Technology Report 2014", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 12/31/2013 -- The total size of the Omani IT market in 2014 is forecast by BMI to be worth OMR174mn, up from an estimated OMR164mn in 2013. Several trends are driving spending growth in the IT market, including an expanding population, investments in supporting infrastructure such as broadband networks, the popularity of tablets, ERP investments and cloud computing. Investments in key verticals such as oil and gas, banking, utilities and aviation will drive overall enterprise spending growth, while SMEs 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.
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Headline Expenditure Projections:
Computer Hardware Sales: OMR92mn in 2014 to OMR103mn in 2017, with CAGR of +4.1% in local currency terms. Rising household PC penetration and increasing prevalence of multiple device ownership through booming tablet sales will drive spending.
Software Sales: OMR34mn in 2014 to OMR42mn in 2017, CAGR of +7.0% in local currency terms. 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 OMR57mn in 2017, CAGR of +6.5% in local currency terms. 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 ITA Board of Directors outlined plans for 2014 - identifying the development of the government's e-cloud and supporting broadband infrastructure as the key priority for 2014. The e-cloud includes the creation of a dedicated cloud-platform for all government institutions, which will offer services including email and shared systems and databases. The government investment in cloud service development will take place alongside enterprise spending as institutions search for cost efficiencies and increased flexibility from moving to the cloud.
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