Oman Information Technology

Transcription

1 Oman Information Technology

2 Oman InformationTechology Industry - Outlook Contribution to Oman s Economy Total revenue from the sector $ million Computer Hardware Sales $ million Software Sales - $ million IT Services Sales - $ million 5.1% Compound Annual Growth Rate (CAGR) for Global Position In 2014, E-government development index, ranked the sultanate 48th in the world In 2014, In the egovernment readiness indicator (ICT Promotion) Oman ranked 19 th in the World Economic Forum Report Industry Outlook The Information Technology Sector in Oman is a developing sector. It is one of the most promising sector of the country. It s Compounded Annual Growth Rate (CAGR) for is 5.1%. Oman was placed 48 th in E-government development index in Total exports from the country represent 0.02% of world exports in hardware. The main importers for Oman s hardware are United Arab Emirates (40.6%), Saudi Arabia (20.9%), Qatar (13%) Iran (6.4%).

3 Oman s Information Technology Industry - Outlook Trade Data Exports USD Million (2015) Imports USD Billion (2015) Top Export Destinations United Arab Emirates Saudi Arabia Qatar Iran MNCs operating in Oman Gulf Business Machines HP IBM Microsoft Oman Data Park Oracle TCS Key Growth Drivers of the Industry Oman s IT sector is forecasted to grow at a CAGR 8.31% over the period The key growth driver is the huge demand for IT infrastructure from the BFSI, oil and gas, private, and aviation sectors. Demand for IT services from the government sector has also increased with a rise in e-government services. Another key growth driver is cloud computing as it offers innovation, flexibility and cost savings. Oman has 8 free trade agreements with other countries which helps in ease of trade. Huge Demand E-government services Cloud computing Big data Analytics

4 Oman Information Technology Industry - Incentives Incentives for Information Technology The government of Oman offers comprehensive incentives for the investors to start the business in Information Technology industry, they are as follows - Non-U.S. investors can obtain approval by the Council of Ministers for a 100 % foreign-owned business entity if the investment is in the national interest. Soft loans against an interest of 3% for investment projects amounting to $651.21thousand or less. Full exemption from customs duties on goods imported into the free zone. Exemption from income tax for a 5 year period, which can be renewed for another period of 5 years; Investors are provided with incentives such as tax and import concessions and duty-free access to GCC states. It is the only country in the Arab Gulf region to offer export credit insurance.

5 Oman Information Technology Industry Supply Chain IT Park in Oman Oman s IT industry is provided with the resources and tools to transform IT business ideas into products and services that address market needs and requirements of the Government to modernize and enhance infrastructure, applications and services. The major IT industry is concentrated in Muscat. Oman Data Park is the first cloud and data service in the sultanate, and the first cloud online in the Middle East. It has given huge contribution in development of ICT sector in Oman. In 2015,the facts are 201,299 - total number of fixed-internet subscriptions $ Monthly average revenue per user (ARPU) from fixed broadband. Segment Wise Product Systems Hardware Software IT Services Desktop, Laptops & Accessories Computer Networking/LAN/WAN Printers, Scanners & Cartridges Currency Counters, Fake currency detector,gps Software Development Mobile Application Software Consulting Social Media Marketing Responsive websites RFID Solutions Cloud computing Online retailing E-filing System integration Enterprise Computing Virtualization services Hardware IT Services Software

6 . Oman Information Technology Industry Investments The Sultanate of Oman organised its digital strategy through the eoman initiative that aims to significant improvement in the quality of services the government provides to the Omani citizens. In 2006, The government invested $ million for IT infrastructure projects. In 2007,Information Technology Authority (ITA) developed a centralized gateway (Ubar portal) to offer electronic services from various Government organizations accessible to the public through multiple electronic channels.the cost for the Ubar Portal was US$ 1.6 Million over a period of two years The government invested $ million in modernising network since 2012 $18.1million was invested in Oman Data Park (ODP) in In 2014, IBM invested $1.2b to build on Soft Layer cloud services. Sultanate plans to spend $ million over the next 10 years to improve telecommunication services in all governorates as it is linked with the technological development. Investments Announced in the Information Technology Sector

7 B3Globe Customized Industry Analysis B3Globe provides a full spectrum of Business/Market Research services, we also provide custom report solutions to our clients tailored for their business landscape, to help them stay ahead of the competition and stay on top of emerging trends. Tailored Research Our team focuses on the product-market mix to suit the geography and demography of the market. We dive in deep to extrapolate primary information from the stake holders throughout the value chain. Our ability to map the competitive landscape helps us extract data with surgical precision. Custom Market Research Our market research is lured for its accurate industry data that spans more than 200 industries and global markets. Our collaborations with renowned publishers and most respected data source providers help us acquire the most accurate information on demand. Collaborative Process We find value in collaborating with our clients in sharing our findings throughout the process. This approach allows our clients to participate and set the direction of the research that is fully aligned with their intentions. Our collaborative strategy makes our research highly adaptable, customized, on-demand and extremely relevant. Scope of Our Customized Industry Analysis Market Definition. Industry Classification Current Industry Outlook Industry Size Global/ National/Regional, Contribution to GDP National/Global. Industry growth past 3-5 years Growth Forecast for 3-5 years. Market Drivers Key drivers Restrains Opportunities Key Drivers of historical demand Applicability of Key drivers in Demand Forecasting. Key drivers of future demand and reasonability of the assumptions Industry Structure, Industry Life cycle stage. Current Business models In the Industry. Business Models likely to do well in future. National / Global Factors that affect the Industry (PESTEL-analysis). Overall capacity in the market. Production Procurement Value Chain Analysis Demand supply Gap. Import & Export scenarios Local Market Operators Product Segment wise Producers & Importers Overseas markets Top Product segments for Export Top Export markets for respective product segments. Number of companies participating in the industry National/Global. Market Segmentation Product Wise. Distribution Channel wise. Consumer Segmentation. Competitor Segmentation. Porter s Five Forces Analysis Entry Barriers, Government policies, incentives & Subsidies for the Industry National/State Level/Country Level Applicable Taxation & legal laws Industry Value chain analysis. Supply chain, Logistics framework analysis Funding avenues for Industry Growth M&A activities in the industry Global/National.

8 About B3GLobe Business Beyond Boundaries (B3) Globe is the Market Entry division of KPM ASSET. We are a global advisory firm, providing Strategic Consulting, Transaction Execution and other value added Business Solutions to Global mid-market Corporate and Institutions. B3 Globe is formed with an objective to provide seamless Market Access to Clients who aspire to transcend Geographic Boundaries in search of new Frontiers for growth opportunities across the globe. Over the years, we have built an excellent track record of delivering innovative and result-oriented Solutions across various Geographic and Industries Segments. Our Services Market Research Business Readiness Assessment Market Entry Support Hand Holding Support Services Business Opportunities Mumbai New York 501, Annex A, Aurus Chambers, S.S. Amrutwar marg, Near mahindra Tower, Worli, Mumbai INDIA Tel: / info@b3globe.com Empire State Building 350, Fifth Avenue, 59th Floor, New York, NY 10118, USA Tel: info@b3globe.com The Information covered in this document is intended to be of general nature and is not addressed at any specific Organization/ Entity / Individual. B3Globe strives to provide the most accurate and up to date data but, we do not take any responsibility for situations arising in future from the information provided. Readers are advised to take appropriate professional advice before acting upon the information covered.