The Oman ICT Market is Segmented by Type (Hardware, Software, IT Services, Telecommunication Services), Size of the Enterprise (Small & Medium Enterprises, Large Enterprises), Industry Vertical (BFSI, IT & Telecom, Government, Retail & E-Commerce, Manufacturing, Energy & Utilities). the Market Sizes and Forecasts are Provided in Value (USD) for all the Above Segments.

The Oman ICT market has exhibited growth due to the increasing investments in digital transformation across various industries in Oman are driving the market size of the ICT sector, as businesses are adopting advanced technologies like cloud computing, AI and IoT to improve efficiency and competitiveness. This is likely to enable the market size to surpass USD 5.46 Billion valued in 2024 to reach a valuation of around USD 10.41 Billion by 2032. The rapid expansion of the Oman ICT market is primarily driven by the growing adoption of cloud-based solutions and AI technologies, which are being increasingly integrated into business operations to enhance productivity and innovation across multiple sectors. It enables the market to grow at a CAGR of 8.90% from 2026 to 2032.

The report on Oman ICT covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

GCC ICT Market Valuation – 2026-2032The GCC ICT market is rapidly expanding across Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain, fuelling by digital transformation, smart city initiatives and 5G rollout. Governments and corporations are making investments in cloud computing, cybersecurity and AI-powered solutions. The use of IoT and blockchain technologies is increasing efficiency across industries, establishing the region as a center for advanced digital infrastructure and innovation. This is likely to enable the market size surpass USD 52.4 Billion valued in 2024 to reach a valuation of around USD 89.7 Billion by 2032.As e-commerce and digital trade grow, the GCC courier, express and parcel sector is seeing increasing demand for efficient last-mile delivery services. Cross-border transportation is growing, resulting in breakthroughs in AI-driven route optimization, automated sorting facilities and real-time tracking systems. Investments in sustainable and self-driving delivery solutions, such as electric cars and drones, are likely to improve operational efficiency and propel future market growth. The rising demand for GCC ICT is enabling the market grow at a CAGR of 7.0% from 2026 to 2032.

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Oman - Information Technology (IT) Market 2024-2028 :

The Oman - Information Technology (IT) Market size is estimated to grow at a CAGR of 9.91% between 2023 and 2028. The market size is forecast to increase by USD 3.20 billion. The growth of the market depends on several factors, including the increased adoption of mobility solutions, the increase in IT consolidation, and IT modernization and emerging technologies. The IT market in Oman refers to the industry that focuses on the provision of information technology products and services in the country of Oman. This market encompasses a wide range of products and services, including hardware, software, networking equipment, IT consulting, IT outsourcing, and support services. The Oman IT market includes both public and private sector organizations, ranging from small businesses to large enterprises across various industries such as finance, healthcare, education, retail, and government. These organizations rely on IT solutions to enhance their operational efficiency, improve communication, automate business processes, and enable digital transformation.

This Oman IT market report extensively covers market segmentation by type (hardware, software, and IT services), end-user (large enterprises and SMEs), and application (BFSI, telecommunication, industrial, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.

What will be the Size of the Oman IT Market During the Forecast Period?

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Oman IT Market Overview

Driver

One of the key factors driving the Oman IT market growth is the increase in IT consolidation and IT modernization. There is an increase in IT consolidations and IT modernization to enhance the operational efficiency of organizations and to achieve economies of scale, which is fuelling the Oman IT market. In addition, the ever-increasing consolidation of IT infrastructures such as 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.

Moreover, the the continuous changes in technology and the need for IT modernization in numerous industry verticals such as the manufacturing, BFSI, telecom, and healthcare sectors are fuelling the adoption of IT services. In addition, the demand for consolidated IT services will also increase with IT consolidation across industry verticals in the public sector. Furthermore, the public sector spending on IT services used to manage consolidated ICT infrastructure is increasing significantly. Therefore, it is positively impacting the Oman - information technology market. Hence, such factors are driving the Oman IT market growth during the forecast period.

Trends

A key factor shaping the Oman IT market growth is the increased adoption of IT as a service. IT as a services model refers to an IT service delivery model for organizations to manage their IT systems according to strategic business requirements. In addition, the adoption of IT as a service is increasing in organizations as they are trying to implement IT solutions to remain competitive in their businesses.

Moreover, IT service models facilitate organizations to use IT resources optimally for greater operational efficiencies. In addition, changing business requirements in the global marketplace is compelling organizations to align their IT strategies with their business goals for long-term competitive advantages. Furthermore, IT as a service model requires a low upfront investment to set up IT systems in organizations. Hence, such factors are driving the Oman IT market growth during the forecast period.

Restrain

A shortage of skilled professionals is one of the key challenges hindering the Oman IT market growth. Some of the key factors leading to the shortage of skilled professionals include 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. In addition, there is a shortage of talent across the world and this shortage is set to intensify with time if proper and timely measures are not taken.

Moreover, the IT services market is facing challenges in reducing the attrition rate and avoiding the loss of resources, especially when companies are making strategic investments. In addition, the availability of better opportunities and higher wages offered by multinational companies are fuelling attrition rates that are bound to increase in the coming years. Hence, such factors are negatively impacting the Oman - information technology market. Therefore, it is expected to hinder the Oman IT market growth during the forecast period.

Oman IT Marke

The Oman Telecommunications Industry is poised for steady growth, projecting a market size of approximately USD 1,600 million by 2025, with a Compound Annual Growth Rate (CAGR) of 2.70% anticipated through 2033. This expansion is primarily driven by the increasing demand for high-speed data services, fueled by the growing adoption of smartphones, mobile internet, and the proliferation of Over-The-Top (OTT) and Pay-TV services across the nation. Government initiatives focused on digital transformation and infrastructure development, such as the expansion of 5G networks and fiber optic broadband, are also significant catalysts, enhancing connectivity and creating new revenue streams for telecommunications providers. The market's robust performance is further supported by the continuous innovation in service offerings and competitive pricing strategies employed by key players, ensuring accessibility and broader market penetration. Despite the promising outlook, certain restraints could influence the pace of growth. High capital expenditure required for network upgrades, particularly for advanced technologies like 5G and fiber optics, alongside the evolving regulatory landscape, presents challenges for telecom operators. Furthermore, increasing competition from established players and emerging service providers, coupled with the need to address cybersecurity concerns and data privacy, demands strategic adaptation. The market segmentation reveals a dynamic interplay between traditional voice services (both wired and wireless) and the rapidly growing data and OTT/Pay-TV segments. As consumer preferences shift towards digital entertainment and communication, companies are increasingly focusing on enhancing their data offerings and integrated service packages to maintain a competitive edge and capitalize on emerging opportunities within the evolving Omani telecommunications ecosystem. Here is a report description on the Oman Telecommunications Industry: Key drivers for this market are: Wide Internet Coverage5.1.2 5G Taking Pace. Potential restraints include: Lack of Good Lighting Conditions. Notable trends are: Growth in OTT Services.

Discover the dynamic Oman telecommunications market. This in-depth analysis reveals a CAGR of 2.70% (2025-2033), driven by 5G expansion, rising data consumption, and the growth of OTT services. Learn about key players, market segmentation, and future growth projections for the Omani telecom sector. Recent developments include: August 2024 - With the introduction of this bundle, Omantel's customers will gain three months of free access to Viu's extensive catalog of premium Arabic content, along with a unique selection of popular Turkish series and a vast slate of Korean dramas, all dubbed in Arabic (subject to their subscription plan) quality entertainment choices and broad access to a diverse selection of content for users in Oman. It marks another milestone in the relationship between Viu and Omantel, building on the existing collaboration which also includes the option of direct carrier billing for Viu services. Both Viu and Omantel are devoted to consistently presenting superior entertainment experiences for their customers., August 2024 - Omantel highlighted its technology-driven solutions during an important ICT event with government officials and business leaders from the Governorate of Dhofar at the “Omantel ICT” event during Khareef Dhofar, in the presence of His Highness Sayyid Marwan bin Turki Al Said, Governor of Dhofar. Omantel showcased the innovative solutions provided by the company that have contributed immensely to supporting the digital transformation process in the Sultanate and strengthening the local economy of the Governorate of Dhofar.. Key drivers for this market are: Wide Internet Coverage5.1.2 5G Taking Pace. Potential restraints include: Wide Internet Coverage5.1.2 5G Taking Pace. Notable trends are: Growth in OTT Services.