- The key vendors in the IT market in Oman are Gulf Business Machines, Hewlett-Packard Company (HP), IBM Corp., Microsoft Inc., Oman Data Park LLC, Oracle Corp. and Tata Consultancy Services Ltd (TCS).
London, 08 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the IT market in Oman 2015-2019. One of the latest trends emerging in the market is the increased traction of cloud computing solutions. The requirements associated with the management and maintenance of the IT environment have become more complex over the years because of the need to ensure 24/7 operations. This has led to an increase in the operating expenditure of companies. The IT market in Oman is expected to grow at a CAGR of 8.31 % during the forecast period 2014-2019.
Operational complexities associated with IT infrastructure have grown significantly across sectors in Oman. Hence, the need to reduce these complexities is driving the IT market growth in Oman. Outsourcing of IT services is expected to facilitate the enterprises to reduce their time-to-market through access to the latest technologies and evolve an economical cost structure.
“The adoption of Enterprise Application Software (EAS) among enterprises in Oman has triggered massive demand for software providers. However, this has resulted in the need for software providers to differentiate their solutions from the competition,” says Faisal Ghaus, Vice President of Technavio Research.
“The growing EAS and Customer Relationship Management (CRM) integration among enterprises reflects the high pace of economic activity in the country, which augurs well for overall market growth.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
