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Oman Information Technology Report 2016

  • ID: 3511177
  • December 2015
  • Region: Oman
  • 59 pages
  • Business Monitor International
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The Omani IT market has a mixed medium term outlook due to economic challenges associated with the decline in the oil price. The government and wider economy are dependent on the hydrocarbons sector to a greater extent than elsewhere in the GCC, which will squeeze enterprise IT spending and the retail market through lower confidence levels, particularly in 2016 and 2017. The IT market is, however, expected to recover over the medium term, and register a CAGR of 5.1% for 2016-2019, with considerably stronger growth forecast for 2018 and 2019. Rapid population growth and modernisation by enterprises and public authorities are key to the growth outlook, though we caution that the outlook for IT hardware spending growth is weaker due to high device penetration rates.

Latest Updates And Industry Developments
- Computer Hardware Sales: OMR112mn in 2016, rising to OMR122mn in 2019 at a CAGR of 3.5%.

Population growth will provide an engine for hardware spending to increase, but high penetration of PCs among households, and multiple device ownership, will limit segment growth over the medium term.

- Software Sales: OMR45mn in 2016 to OMR51mn in 2019, corresponding to a CAGR of 5.6%. Impetus to modernise operations will support an increase enterprise software investments, while a wider array of SaaS products should help to deepen the market to Oman's relatively untapped pool of SMEs.

- IT Services Sales: OMR55mn in 2016 to OMR65mn in 2019, equal to a CAGR of 7.8%. IT services outperformance over the medium term will be based on increasing demand for cloud computing and smart services, as well as outsourcing, from the public and private sectors.

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SWOT

IT SWOT

Industry Forecast

Recent Developments

Structural Trends
Table: IT Industry - Historical Data And Forecasts (Oman 2012-2019)

Industry Risk Reward Index

Middle East And Africa Risk/Reward Index
Table: MEA IT Risk/Reward Index - Q116

Market Overview

Hardware

Software

Cloud Computing

IT Services

Industry Trends And Developments

Regulatory Development
Table: Relevant Government Authorities

Regional Overview

Middle East And Africa

Demographic Forecast
Table: Population Headline Indicators (Oman 1990-2025)
Table: Key Population Ratios (Oman 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Oman 1990-2025)
Table: Population By Age Group (Oman 1990-2025)
Table: Population By Age Group % (Oman 1990-2025)

Methodology

Industry Forecast Methodology

Sources

Risk/Reward Index Methodology
Table: IT Risk/Reward Index Indicators
Table: Weighting Of Components

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