Oman Information Technology Report 2012

The total size of the Omani IT market in 2012 is forecast by BMI to be worth US$363mn, up from an estimated US$339mn in 2011. BMI forecasts a CAGR of 6% for 2012-2016. Oman's economy is relatively then positioned, however we do not see IT spending returning to its previous rate of growth while our five-year forecast period. In the meantime, global trends just as cloud computing, virtualisation and convergence are gaining traction in the Omani market.

Oil and gas remain the main pillar of the local economy and will generate spending on customised solutions, hardware and software support. Economic reform and trade liberalisation will fuel spending by public sector organisations and private enterprises. Growth in e-commerce will as well drive spending by businesses on e-commerce platforms and back-office systems.