The increased adoption of cloud services and Microsoft’s ecosystem is expected to create more than 15,800 jobs across the Sultanate by 2024, according to a new research by International Data Corporation (IDC). The study finds that spending on public cloud services in Oman is expected to rise nearly 3.4 times, from approximately RO 6.5 million in 2019 to RO 22.4 million in 2024.
IDC’s whitepaper discusses the impact that IT, cloud services, and the Microsoft ecosystem will have on Oman’s economy during the 2019–2024 period. It builds on more than a decade of analysis around the economic impact of IT on local economies.
The report finds that together with investments in public, private and hybrid cloud solutions, the Omani economy will enable businesses to generate nearly RO 387 million in net new revenues over the next five years.
IDC’s research further shows that the IT sector in Oman is expected to reach RO 406 million by 2024, a five-year compounded annual growth rate of 0.81 per cent from 2019 to 2024. And that IT employment in the country is also projected to reach more than 60,900 at the end of 2024.
“We have seen years’ worth of digital transformation happen in a matter of months across Oman, as throughout the pandemic response and recovery has been enabled by the cloud,” said Shaikh Saif bin Hilal al Hosni, Country Manager, Microsoft Oman & Bahrain.
“Microsoft is steadfast in its commitment to empower the Sultanate in delivering upon its vision for a sustainable knowledge-based economy, as we work with the Information Technology Authority (ITA) to pioneer the implementation of E-Oman Strategy. In doing so, we are driving Oman towards its transformation to a sustainable Knowledge-based economy.”
“The Sultanate of Oman has a very strong focus to transform the country into a digital economy by 2040. The country runs several initiatives including eOman, its national Digital Oman Strategy. Technologies such as cloud, AI, IoT, and analytics play a critical role in the country’s long-term digitalisation and innovation strategies,” said Manish Ranjan, Program Manager for Software & Cloud at IDC Middle East, Turkey and Africa (META).
“Increasing investments within the cloud and AI and ongoing national and organisational level modernisation initiatives are driving demand for the skills necessary to run, implement, manage, service, and execute digital solutions in Oman.
The increasing use of cloud services is certainly creating demand for cloud architects, datacentre administrators, and datacentre engineers, while security and governance requirements in regulated sectors such as government, healthcare, and banking are driving demand for skills in vendor management, IT governance, and data privacy,” concluded Ranjan.
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