Digital Investment - Oman

Oman

Highlights

Total transaction value in the Digital Investment market is projected to reach US$416.40m in 2024.
Total transaction value is expected to show an annual growth rate (CAGR 2024-2029) of 4.75% resulting in a projected total amount of US$525.10m by 2029.
Robo-Advisors dominates the market with a projected total transaction value of US$416.40m in 2024.
The highest cumulated transaction value is reached United States (US$1.78tn in 2024).

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Digital Investment market in Oman is experiencing significant growth and development in recent years.

Customer preferences: Customers in Oman are increasingly turning to digital investment platforms for their investment needs. This shift in preference can be attributed to several factors. Firstly, digital investment platforms offer convenience and accessibility, allowing customers to manage their investments anytime and anywhere. This is particularly appealing to the younger generation who are tech-savvy and prefer to have control over their investments. Secondly, digital investment platforms often offer lower fees and minimum investment requirements compared to traditional investment options, making them more attractive to a wider range of customers. Lastly, the transparency and ease of use provided by digital investment platforms have gained the trust of customers, who now feel more comfortable investing their money digitally.

Trends in the market: One of the key trends in the digital investment market in Oman is the rise of robo-advisors. These automated investment platforms use algorithms to provide personalized investment advice and manage portfolios on behalf of customers. Robo-advisors are gaining popularity due to their low fees, ease of use, and ability to provide investment advice based on individual risk tolerance and financial goals. Additionally, there is a growing trend of socially responsible investing in Oman, with customers looking to invest in companies and funds that align with their values, such as those focused on environmental sustainability or social impact. This trend is driven by increasing awareness and concern for social and environmental issues among customers.

Local special circumstances: Oman has a young and tech-savvy population, which has contributed to the rapid adoption of digital investment platforms in the country. Additionally, the government of Oman has been actively promoting digital transformation and innovation in various sectors, including finance. This support from the government has created a favorable environment for the growth of the digital investment market. Furthermore, the relatively small size of the Omani market compared to global markets allows for greater agility and flexibility in the development of digital investment platforms, enabling them to quickly adapt to changing customer needs and preferences.

Underlying macroeconomic factors: The growth of the digital investment market in Oman is also influenced by several underlying macroeconomic factors. Firstly, the stable and growing economy of Oman provides a favorable environment for investment. As the economy continues to diversify and grow, there is an increasing demand for investment opportunities, which digital investment platforms are well-positioned to cater to. Secondly, the low interest rate environment globally has led to a search for higher returns among investors, driving them towards digital investment platforms that offer a wide range of investment options. Lastly, the increasing digitization of financial services worldwide has created a conducive environment for the growth of digital investment platforms, with customers becoming more comfortable with managing their finances online. Overall, the digital investment market in Oman is experiencing significant growth and development due to customer preferences for convenience and accessibility, the rise of robo-advisors, the trend of socially responsible investing, the young and tech-savvy population, government support for digital transformation, a stable and growing economy, low interest rates, and increasing digitization of financial services. These factors are driving the adoption of digital investment platforms and shaping the future of the market in Oman.

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.