How big is the Oman Digital Transformation Market?

The Oman Digital Transformation Market size is expected to reach USD 2.44 billion in 2024 and grow at a CAGR of 11.36% to reach USD 4.17 billion by 2029. Read More

What is the current Oman Digital Transformation Market size?

In 2024, the Oman Digital Transformation Market size is expected to reach USD 2.44 billion. Read More

Who are the key players in Oman Digital Transformation Market?

Google LLC (Alphabet Inc.), IBM Corporation, Microsoft Corporation, Hewlett Packard Enterprise Company and SAP SE are the major companies operating in the Oman Digital Transformation Market. Read More

What years does this Oman Digital Transformation Market cover, and what was the market size in 2023?

In 2023, the Oman Digital Transformation Market size was estimated at USD 2.16 billion. The report covers the Oman Digital Transformation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Oman Digital Transformation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Oman Digital Transformation Market Size & Share Analysis - Industry Research Report

Oman Digital Transformation Market Size & Share Analysis - Growth Trends and Forecasts (2024 - 2029)

The Oman Digital Transformation Market Report is Segmented by Component (Hardware, Software, IT and Infrastructure Services, and Telecommunication Services), Technology (Analytics and AI and ML, Iot, Edge Computing, Industrial Robotics, Extended Reality, Blockchain, Cybersecurity, 3D Printing), and End-User Industry (Oil, Gas, and Utilities, Travel and Hospitality, Healthcare, Financial Services, Manufacturing and Construction, Government and Defense, and Other End Users (Environment, Transportation, and Media & Entertainment). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Oman Digital Transformation Industry Overview

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).