Public Cloud - Oman

Oman

Revenue in the Public Cloud market is projected to reach US$141.30m in 2024.
Platform as a Service dominates the market with a projected market volume of US$42.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.81%, resulting in a market volume of US$307.30m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$56.66 in 2024.
In global comparison, most revenue will be generated in the United States (US$388.50bn in 2024).

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

Definition:

A public cloud is defined as the digital infrastructure and computing resources that are managed by a service provider. Examples of public cloud computing resources include virtual machines, storage, and services, all of which are available for purchase with flexible (e.g., pay as you go and subscription) business models. Such payment options make it possible for customers to access, scale, and utilize resources as needed. Public cloud solutions make it possible for users to save on IT costs, increase their efficiency, and take advantage of advanced technologies without having to invest in long-term IT solutions. Public cloud service providers own and maintain the physical infrastructure, hardware, and software. Users only need to pay for the computing resources that they require. The Public Cloud market refers to the companies that provide these cloud computing resources and services to individuals, businesses, and organizations.

Structure:

The Public Cloud market is structured into five markets based on the type of service models provided by the companies.

The Infrastructure as a Service (IaaS) market covers the resources and services related to the data center infrastructure.
The Platform as a Service (PaaS) market covers the resources and services related to the virtual environments used for software development.
The Software as a Service market (SaaS) market covers the resources and services related to software applications that can be accessed via a web browser.
The Business Process as a Service (BPaaS) market covers the resources and services related to the various business processes such as finance and accounting, human resources, customer service, and supply chain management, all delivered through the cloud.
The Desktop as a Service (DaaS) market covers the resources and services related to virtual desktop environments, which are accessible from any device with an internet connection.

Additional Information:

The public cloud market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the public cloud market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (Cloud), and IBM (Cloud).

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Region

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Analyst Opinion

The Public Cloud market in Oman is experiencing rapid growth and development, driven by several key factors.

Customer preferences: Omani customers are increasingly adopting public cloud services due to the numerous benefits they offer. One of the main customer preferences driving this trend is the scalability and flexibility of public cloud solutions. Businesses in Oman are attracted to the ability to easily scale their IT infrastructure up or down based on their needs, without the need for significant upfront investments. Additionally, the pay-as-you-go pricing model of public cloud services allows businesses to only pay for the resources they actually use, making it a cost-effective solution.

Trends in the market: One of the key trends in the public cloud market in Oman is the growing demand for Software as a Service (SaaS) solutions. SaaS applications offer businesses the ability to access software and applications over the internet, eliminating the need for on-premises installations and maintenance. This trend is particularly evident in industries such as healthcare, finance, and education, where organizations are adopting cloud-based solutions to streamline their operations and improve efficiency. Another trend in the market is the increasing adoption of public cloud services by small and medium-sized enterprises (SMEs). In the past, SMEs in Oman often faced challenges in terms of IT infrastructure and resources. However, with the availability of public cloud services, these businesses can now access enterprise-level technology at an affordable cost. This has led to a significant increase in the number of SMEs leveraging public cloud solutions to drive their growth and competitiveness.

Local special circumstances: Oman has made significant efforts to promote the adoption of cloud computing within the country. The government has launched initiatives to encourage the migration of public sector organizations to the cloud, aiming to improve efficiency and reduce costs. This has created a positive environment for cloud service providers, attracting both local and international players to invest in the Omani market. Additionally, the government has also taken steps to address data security concerns by implementing robust data protection regulations, which has further boosted customer confidence in adopting public cloud services.

Underlying macroeconomic factors: Oman's growing economy and increasing digitalization efforts have contributed to the development of the public cloud market. The country has been diversifying its economy and reducing its reliance on oil, leading to a stronger focus on technology and innovation. This has resulted in increased investments in digital infrastructure and the development of a supportive ecosystem for cloud services. Furthermore, the government's National Strategy for Digital Transformation has set ambitious goals to enhance the digital capabilities of various sectors, which is driving the demand for public cloud services. In conclusion, the Public Cloud market in Oman is experiencing significant growth and development due to customer preferences for scalability and cost-effectiveness, the adoption of SaaS solutions, and the increasing use of public cloud services by SMEs. The local special circumstances, including government initiatives and data protection regulations, have further contributed to the market's growth. Additionally, underlying macroeconomic factors such as Oman's diversifying economy and digital transformation efforts have created a favorable environment for the public cloud market to thrive in the country.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of telecommunications infrastructure. 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. 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.