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.
  • 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

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Public Cloud market in Oman has seen steady growth due to factors such as increasing technological adoption, rising awareness about digital solutions for healthcare, and the convenience of online services. The average growth rate is impacted by various sub-markets, including Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as a Service. The country's trend towards digitization and modernization is driving the growth of the market.

Customer preferences:
In Oman, there has been a notable shift towards cloud-based solutions in various sectors, including healthcare and education. This trend is driven by the need for remote access and management, as well as the growing demand for digital learning and telemedicine services. Additionally, the younger generation's preference for convenience and flexibility has also contributed to the increased adoption of public cloud services. As a result, there is a growing demand for secure and reliable cloud infrastructure to support the country's digital transformation.

Trends in the market:
In Oman, the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, as more businesses are adopting remote work models and seeking cost-effective ways to manage their data. This trend is expected to continue, with the market projected to grow at a CAGR of 18.4% from 2021 to 2028. This shift towards cloud computing is significant for industry stakeholders, as it offers increased flexibility, scalability, and cost savings. It also presents opportunities for cloud service providers to expand their offerings and cater to the evolving needs of businesses in Oman. Additionally, the rise of public cloud adoption could potentially disrupt the traditional IT industry in the country, leading to a shift in job roles and skills required in the market.

Local special circumstances:
In Oman, the Public Cloud market is experiencing significant growth due to the government's focus on digital transformation and diversification of the economy. This has led to an increased demand for cloud-based solutions across industries, such as oil and gas, banking, and healthcare. Additionally, the country's strategic location and stable political environment make it an attractive market for international cloud service providers, who have been expanding their presence in the region. However, the market is also influenced by cultural factors, such as the preference for local cloud providers and the need for data privacy and security in accordance with Islamic principles. These factors shape the market dynamics and create a unique landscape for the Public Cloud market in Oman.

Underlying macroeconomic factors:
The Public Cloud Market in Oman is greatly influenced by macroeconomic factors such as the country's economic stability, government policies, and investment in digital infrastructure. Oman's strong economy and supportive regulatory environment have contributed to the rapid growth of the Public Cloud Market. Additionally, the increasing adoption of digital technologies and the government's initiatives to modernize its IT infrastructure have further propelled the market growth. Moreover, the rising demand for cost-effective and scalable cloud solutions from various industries in Oman has also played a significant role in driving the growth of the Public Cloud Market.

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.

Overview

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

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)