IT market in Oman is projected to grow at a CAGR 8.31 per cent over by 2019, Technavio's analysts have said in a report. IT is required to develop a secure cyber environment, maintain a uniform flow of information, and increase the revenue of an organisation, the report said. Oman is offering huge opportunities for IT investment, evident by the initiation of several large projects. The IT market in Oman is expected to grow rapidly, supported by its expanding population, government initiatives, and increasing demand for SMAC technologies. The government is also providing support to the SME sector in the country, which in turn is expected to drive the IT market in Oman, Technavio report said.
Oman's contribution to the IT market in GCC is negligible. The country's favourable economic conditions and increased adoption of new technologies such as cloud computing and big data are all expected to contribute significantly to the growth of IT market in Oman. The report covers the present scenario and the growth prospects of the IT market in Oman for the period 2015-2019. The IT market in Oman is categorised into three: hardware, software, and IT services. Technavio's report, IT Market in Oman 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes the profile of key vendors operating in this market.
