Market Share of Oman Digital Transformation Industry
The competitive rivalry in digital transformation is high due to the presence of various solution providers and technological innovation in the industry. Notably, to maintain the market share and retain new and existing consumers, the companies are regularly altering their pricing schemes, which creates pricing pressure on other companies, thereby augmenting the competition in the market.
- April 2024: In a strategic move, ADQ, the investment powerhouse from Abu Dhabi, partnered with the Oman Investment Authority (OIA), represented by ITHCA Group, to unveil the Jasoor Fund, a significant USD 180 million initiative. This fund, tailored for the tech landscape, is set to invigorate Oman's digital economy and extend its impact to the wider MENA region. It would particularly support companies in sectors like FinTech, EdTech, HealthTech, cleantech, agriculture, and logistics.
- September 2023: Noventiq, a provider of digital transformation and cybersecurity solutions, achieved a significant milestone with the launch of its operations and portfolio in Oman. At the event, Noventiq not only showcased its advanced solutions but also emphasized its commitment to driving digital transformation. The company also presented a forward-looking vision, highlighting its diverse range of solutions and capabilities. These offerings are set to benefit a broad spectrum of organizations in Oman and the wider META region (Middle East, Turkey, and Africa).
Oman Digital Transformation Market Leaders
-
Google LLC (Alphabet Inc.)
-
IBM Corporation
-
Microsoft Corporation
-
Hewlett Packard Enterprise Company
-
SAP SE
*Disclaimer: Major Players sorted in no particular order
