Market Insights Technology IT Services IT Outsourcing

Web Hosting - Oman

Oman

Revenue in the Web Hosting market is projected to reach US$58.05m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.22%, resulting in a market volume of US$123.10m by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$23.28 in 2024.
In global comparison, most revenue will be generated in the United States (US$58,300.00m in 2024).

Key regions: Germany, China, United States, United Kingdom, Italy

Market

Region

Region comparison

Currency

Analyst Opinion

Web hosting has become an essential part of business operations in Oman, as companies continue to shift their operations online. This has led to an increase in demand for web hosting services in the country.

Customer preferences: Omani businesses are increasingly looking for web hosting services that offer reliable and secure hosting solutions. Additionally, there is a growing demand for cloud-based hosting solutions, as businesses look to leverage the benefits of cloud computing.

Trends in the market: One of the key trends in the web hosting market in Oman is the rise of local hosting providers. These providers offer hosting solutions that are tailored to the needs of Omani businesses, and are often more affordable than international providers. Another trend is the increasing popularity of managed hosting solutions, which allow businesses to outsource the management of their hosting infrastructure to a third-party provider.

Local special circumstances: Oman has a relatively small population, which means that the market for web hosting services is also relatively small. However, the country's strategic location and its growing reputation as a hub for technology and innovation have made it an attractive destination for international businesses looking to expand into the Middle East and North Africa region.

Underlying macroeconomic factors: Oman's economy has been impacted by the global COVID-19 pandemic, with many businesses facing significant challenges. However, the government has taken steps to support businesses, including providing financial assistance and introducing measures to stimulate economic growth. This has helped to support the demand for web hosting services in the country. Additionally, Oman's Vision 2040 economic development plan includes a focus on developing the country's digital infrastructure, which is likely to drive further growth in the web hosting market.

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

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 in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. 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 exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. 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.