"Oman Information Technology Report 2016" now available at Fast Market Research

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.

Full Report Details at
- http://www.fastmr.com/prod/1082780_oman_information_technology.aspx?afid=302

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.

The Oman Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Oman Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Oman.

Key Benefits

* Benchmark BMI's independent IT Industry forecasts for Oman to test other views - a key input for successful budgetary and strategic business planning in the Omani IT market.
* Target business opportunities and risks in Oman's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Oman.
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