Infrastructure as a Service - Oman

  • Oman
  • Revenue in the Infrastructure as a Service market is projected to reach US$39.05m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.69%, resulting in a market volume of US$91.97m by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach US$15.66 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$78,280.00m in 2024).

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

 
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Analyst Opinion

The Infrastructure as a Service market in Oman is experiencing significant growth and development.

Customer preferences:
Omani customers are increasingly turning to Infrastructure as a Service (IaaS) solutions due to their flexibility and cost-effectiveness. With IaaS, customers have the ability to scale their infrastructure up or down based on their needs, allowing them to only pay for the resources they use. This is particularly appealing to small and medium-sized businesses in Oman, as it allows them to access enterprise-level infrastructure without the need for large upfront investments. Additionally, customers value the ability to access their infrastructure remotely, which allows for increased mobility and productivity.

Trends in the market:
One major trend in the IaaS market in Oman is the increasing adoption of cloud-based solutions. Cloud computing offers numerous benefits, including increased scalability, improved security, and reduced costs. As a result, more businesses in Oman are moving their infrastructure to the cloud, driving the demand for IaaS services. Additionally, there is a growing trend towards hybrid cloud solutions, where businesses use a combination of public and private cloud services. This allows businesses to take advantage of the scalability and cost-effectiveness of public cloud services while maintaining control over sensitive data with private cloud solutions. Another trend in the IaaS market in Oman is the rising demand for data storage and processing capabilities. With the increasing amount of data being generated by businesses, there is a need for robust infrastructure to store and process this data. IaaS providers in Oman are expanding their data center capabilities to meet this demand, offering customers the ability to store and process their data locally. This is particularly important for businesses in industries such as finance and healthcare, where data sovereignty and compliance regulations are critical.

Local special circumstances:
Oman's strategic location in the Middle East makes it an attractive market for IaaS providers. The country's stable political environment and strong infrastructure make it an ideal hub for businesses looking to expand their operations in the region. Additionally, Oman's government has been actively promoting the adoption of cloud computing and digital transformation initiatives, providing incentives and support to businesses that invest in these technologies. This has created a favorable business environment for IaaS providers in Oman.

Underlying macroeconomic factors:
The growth of the IaaS market in Oman is also driven by underlying macroeconomic factors. The country's economy is diversifying away from oil and gas, with a focus on sectors such as tourism, logistics, and manufacturing. These industries require robust and scalable infrastructure to support their operations, driving the demand for IaaS services. Additionally, Oman's young and tech-savvy population is driving the adoption of digital technologies, further fueling the growth of the IaaS market. In conclusion, the Infrastructure as a Service market in Oman is experiencing significant growth and development. Customer preferences for flexibility and cost-effectiveness, along with the increasing adoption of cloud-based solutions, are driving the demand for IaaS services. Oman's strategic location, government support, and underlying macroeconomic factors are also contributing to the growth of the market. As businesses in Oman continue to embrace digital transformation, the demand for IaaS services is expected to further increase in the coming years.

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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