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Administrative Software - Oman

Oman

Revenue in the Administrative Software market is projected to reach US$3.28m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.18%, resulting in a market volume of US$3.25m by 2029.
In global comparison, most revenue will be generated in the United States (US$7,442.00m in 2024).

Key regions: France, South Korea, Germany, United Kingdom, Netherlands

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Analyst Opinion

The Administrative Software market in Oman has been witnessing significant growth in recent years, driven by various factors such as customer preferences, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Omani businesses are increasingly adopting administrative software to streamline their operations and improve efficiency. This is particularly true for small and medium-sized enterprises (SMEs) that are looking to compete with larger players in the market. Additionally, the growing trend of remote work due to the COVID-19 pandemic has led to a surge in demand for administrative software that can facilitate remote collaboration and communication.

Trends in the market: One of the key trends in the Administrative Software market in Oman is the increasing adoption of cloud-based solutions. Cloud-based software offers several advantages such as lower upfront costs, easy scalability, and improved accessibility. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) technologies into administrative software. These technologies can help automate routine tasks, improve decision-making, and enhance overall productivity.

Local special circumstances: Oman's government has been actively promoting the adoption of digital technologies across various sectors in the country. The government's Digital Oman Strategy aims to transform Oman into a knowledge-based society by leveraging digital technologies. This has created a favorable environment for the growth of the Administrative Software market in Oman.

Underlying macroeconomic factors: Oman's economy is heavily reliant on oil exports, which account for a significant portion of the country's GDP. However, the recent decline in oil prices has led the government to diversify the economy and promote non-oil sectors such as tourism, logistics, and technology. This has created new opportunities for businesses in Oman, including those in the Administrative Software market. Additionally, Oman's young and tech-savvy population is driving the demand for digital solutions, including administrative software.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was 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, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, 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.