Oman Platform as a Service market is expected to Register a High CAGR During the Forecast Period, 2024-2028
The Oman Platform as a Service market will see growth
between 2024 and 2028 due to the rising demand for cutting-edge technologies
such as artificial intelligence (AI) and machine learning.
According to
TechSci Research report, Oman Platform as a Service Market - By Region,
Competition Forecast & Opportunities, 2018-2028 the Oman Platform as a
Service Market is expected to register robust growth during the forecast
period, 2024-2028. The Platform-as-a-Service sector is
growing thanks to technologies such as artificial intelligence, the internet of
things, and others. The fact that Platform-as-a-Service offers the populace
several advantages, including the prevention of data breaches, simple access to
data from anywhere in the world at any time, and lower IT costs, among others,
may be responsible for the rise in Platform-as-a-Service demand in the Oman
market.
In a similar manner, Oman has
embraced the Cloud First Policy. This plan intends to speed the transition of
government businesses from outdated IT infrastructure to cloud-based
substitutes. This policy is applicable to government and semi-government
entities, with the exception of those principally in charge of national cyber security
and safety. Furthermore, the Covid-19 problem will accelerate the trend of
Platform-as-a-Service adoption by Oman's SMEs. More than a quarter of companies
in the kingdom plan to use a combination of on-premises/dedicated private
clouds, various public clouds, and legacy systems to satisfy their IT demands. The
platform-as-a-service industry is benefiting from the internet of things,
artificial intelligence, and other technologies. Since Platform-as-a-Service
offers several advantages to the people, including data breach security, simple
access to data from anywhere in the world at any time, and cheaper IT costs, it
may be to blame for the development in Platform-as-a-Service demand in the Oman
market. This is the main reason for the nationwide demand for
platform-as-a-service.
Firms may operate and react
to shifting market conditions more quickly and effectively thanks to
platform-as-a-service. It aids in the technology's consumerization. It has made
it possible to develop incredibly engaging customer experiences in hitherto
uncharted territory. Platform-as-a-Service has changed how people and companies
communicate, enabling various industry sectors to cross technological barriers.
Enterprise investment strategies, digital business decision-making processes,
and vendor and technology selections are all significantly impacted by advances
in the cloud.
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Figures spread through 70 Pages and an in-depth TOC on the "Oman Platform as a Service Market”
By Type (Application Platform as a Service, Integration Platform as a
Service, Database Platform as a Service), By Deployment (Private and Public),
By Organization Size (Large Enterprise, Small & Medium Enterprise), By
Industry Vertical (BFSI, Consumer Goods, IT & Telecom, Manufacturing,
Healthcare, Energy & Utilities, Others). Oman Platform as a Service Market
is divided into type, deployment, organization size and industry vertical.
Based on type, the market is further divided into Application Platform as a
Service, Integration Platform as a Service, and Database Platform as a Service.
Based on Organization Size, the market is further split into large enterprise
and small & medium enterprise. Based on industry vertical, the market is further
segmented into BFSI, consumer goods, IT & Telecom, manufacturing,
healthcare, energy & utilities, and others.
Key market
players in the Oman Platform as a Service Market include:
- IBM Oman,
- Equinix IBX Oman
- Gulf Infotech
- Oracle Oman
- Oman Data Park
- Microsoft Oman
- Mideast Data Systems Oman
- Bouzganda Group
- Omani Qatari Telecommunications Company
- Al Sabla Digital Solutions, LLC
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“The Platform-as-a-Service industry in Oman is expected to
suffer severe effects during the following five years as a result of the
worldwide pandemic that has had an impact on the global economy, notably the
economy of Oman. The number of individuals working exclusively online has
significantly increased the demand for platform-as-a-service across the
country. Additionally, Platform-as-a-Service reduces IT costs, which might be
very beneficial for the country during the COVID-19 era and is anticipated to
increase throughout the forecast period of 2024–2028,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
Oman Platform
as a Service Market by Type (Application Platform as a Service, Integration Platform
as a Service, Database Platform as a Service), By Deployment (Private and
Public), By Organization Size (Large Enterprise, Small & Medium
Enterprise), By Industry Vertical (BFSI, Consumer Goods, IT & Telecom,
Manufacturing, Healthcare, Energy & Utilities, Others) By Region,
Competition Forecast and Opportunities, 2028 has assessed the Oman Platform as a
Service market's future development potential and provides data and information
on market size, structure, and projected market growth. The report's goal is to
give current market knowledge and assist decision makers in making informed
investment decisions. Furthermore, the study identifies and analyses emerging
trends, as well as key drivers, constraints, and opportunities in the Oman Platform
as a Service market.
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