Infrastructure as a Service - Oman

  • Oman
  • Revenue in the Infrastructure as a Service market is projected to reach US$34.40m in 2024.
  • 0 dominates the market with a projected market volume of 0 in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.92%, resulting in a market volume of US$81.82m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$77,050.00m in 2024).

Key regions: United Kingdom, China, France, Netherlands, Germany

 
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Analyst Opinion

The Infrastructure as a Service market in the Public Cloud market of Oman is steadily growing, driven by the increasing adoption of digital technologies and rising awareness of the benefits of online health services. This growth is also influenced by the average growth rate of the market and various factors impacting it.

Customer preferences:
As more businesses in Oman embrace the Public Cloud Market, there has been a noticeable increase in demand for Infrastructure as a Service solutions. This shift is driven by the need for cost-effective and scalable IT infrastructure, as well as the desire for increased flexibility and agility. This trend is expected to continue as businesses seek to modernize their operations and keep up with the rapid pace of technological advancements. Additionally, the rise of remote work and the need for secure and reliable cloud-based solutions has also contributed to the growing popularity of Infrastructure as a Service in Oman.

Trends in the market:
In Oman, the Infrastructure as a Service Market within the Public Cloud Market is seeing a shift towards hybrid cloud solutions, with many organizations utilizing a combination of public and private cloud services. This trend is driven by the need for flexibility and cost-effectiveness, as well as the increasing demand for scalability and agility in the IT infrastructure. This trajectory is significant as it allows businesses to have greater control over their data and applications, while also reducing IT costs. Industry stakeholders can expect to see continued growth in hybrid cloud adoption, as well as an increase in demand for managed cloud services to support this trend. This will also lead to a rise in partnerships and collaborations between cloud service providers and local businesses in Oman.

Local special circumstances:
In Oman, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's strategic location, which serves as a gateway to the Middle East, Africa, and Asia. This has attracted global cloud service providers to establish data centers in the country, providing a competitive edge over other markets. Additionally, Oman's regulatory environment supports the development of the public cloud market, with the government promoting digital transformation initiatives and investing in infrastructure to improve connectivity. The country's focus on economic diversification also drives the demand for cloud services, as businesses look for cost-effective and scalable solutions to support their growth.

Underlying macroeconomic factors:
The growth of the Infrastructure as a Service Market within the Public Cloud Market in Oman is influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. As the country continues to invest in modernizing its digital infrastructure, there is a rising demand for cloud-based services, including IaaS. Additionally, the government's focus on diversifying the economy and promoting digital transformation is expected to drive the growth of the IaaS market. Moreover, the increasing adoption of cloud-based solutions by various industries, such as healthcare, education, and finance, is also contributing to the market's growth.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

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 is considered at a country-specific level.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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