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NEW YORK, Dec. 14, 2023 /PRNewswire/ — Oman IT Market by Type (IT Hardware, Software, and Services), End-User (Large Enterprises and SMEs), and Application (BFSI, Telecommunications, Industry, and Others) – The 2024-2028 Analysis and Forecast Report has been added to Technavio’s offering. ISO 9001:2015 certified, Technavio is proud to have partnered with over one hundred Fortune 500 corporations for over 16 years. The difference in prospective expansion of the IT market in Oman between 2023 and 2028 is $3. 2 billion.
Increasing IT consolidation and modernization is driving market expansion. There is an increase in IT consolidations and modernization for the operational power of organizations and the achievement of economies of scale, which is driving the Oman IT market. The increasing consolidation of IT infrastructures, the addition of knowledge centers and network systems in organizations, is forcing leaders to implement complex IT service delivery models, such as shared and controlled IT services. Hence, those points are driving the expansion of the market. Gain deeper insights into the market size, existing market scenario, long-term expansion opportunities, key expansion drivers, most recent trends, and much more. Buy the full report here
Market Challenge –
The shortage of professionals is holding back the expansion of the market. Factors such as the small number of people opting for specialized medical fields and the lack of sufficient investment make up a common consensus among IT service providers worldwide that the acquisition and retention of professionals and new skills leads to a shortage of professionals, so those points are hindering the expansion of the market.
Discover other key factors, trends and challenging situations that can be encountered with Technavio. Read a free PDF sample report now
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.
View the Loose Patterns report for a review of the contribution of all regional segments and opportunities in the report.
Key companies in Oman’s IT market:
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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Oman IT Market Scope
Report Coverage
details
Base Year
2023
Historical Period
2018-2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate to a CAGR of 9. 91%
Market Growth 2024-2028
USD 3.20 billion
Market Structure
Fragmented
Annual expansion 2022-2023 (%)
8. 38
Competitive landscape
Key Suppliers, Supplier Market Positioning, Competitive Strategies, and Industry Risks
Key Profiled Companies
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.
Market dynamics
Major Market Analysis, Market Drivers and Barriers to Market Growth, Fast and Slow Growth Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis for the Forecast Period
Customization Competency
If our report doesn’t include the information you’re looking for, you can reach out to our analysts and customize the segments.
Tdc:
Executive Summary
Market Overview
Market Sizing
Historical Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by End-user
Market Segmentation by Application
Market Segmentation by Geography
Customer Overview
Geographical Landscape
Drivers, Challenges, & Trends
Business Landscape
Business Analysis
annex
About Technavio
Technavio is a world leader in generation studies and consulting. His research and studies focus on emerging Marketplaceplaceplaceplaceplaceplace trends and provide useful information for companies to identify Marketplaceplaceplaceplace opportunities and expand effective methods to optimize their Marketplaceplaceplaceplace positions. With more than 500 specialized analysts, Technavio’s report library includes more than 17,000 reports, covering 800 technologies and 50 countries. Its visitor base is made up of businesses of all sizes, totaling more than a hundred Fortune 500 companies. This expanding visitor base leverages the Marketplace’s comprehensive coverage, in-depth research, and actionable intelligence to identify opportunities in existing and potential markets and assess their competitive positions in converting market scenarios.
Contacts
Technavio ResearchJesse MaidaMedia
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SOURCE Tecnavio