Oman Telecom Market Size (2024 - 2029)

Oman Telecomm Market Analysis

The Oman Telecom Market is expected to register a CAGR of 2.70% during the forecast period.

The Oman telecom market size is expected to escalate from USD 1.1 billion in the current year to USD 1.3 billion by the next five years at a CAGR of 2.7% during the forecast period. Oman's demographics are favorable due to a growing young population. The need for data services would continue to be driven by expanding smartphone usage, particularly among younger people, along with growing over-the-top (OTT) and social media consumption. The highly saturated mobile market and the growing data demand would fuel the mobile business profits for the Omani telecom carriers.

• In Oman, the 5G network is expanding quickly alongside 5G Fixed Wireless Access (FWA), which offers fixed internet services. Also, operators are planning to spend aggressively building the 5G network to boost income for the fixed-line sector. Further, to take advantage of the expanding prospects in Oman's underserved fixed-line market, businesses are also preparing for Fibre To The Home (FTTH) development. Fixed wireless connection is an essential component of the telecom operators' plan to offer high-speed internet access throughout Oman.
• Cellular technologies have a vital role in the growth of communication and the transformation of enterprises and society, with a connection at the center of industry change. With the advent of 5G, operators can create new use cases, apps, services, and income streams geared at consumers, businesses, and other markets and sectors. To establish 5G mobile networks, Oman's service providers spend more money on network coverage, dependability, and speed improvements across the country. The mobile ecosystem is drastically changing and is becoming more pervasive and broader than ever as 5G technology enters the Omani market. The moment has come for operators to use their cutting-edge technology to create products that empower consumers and companies.
• After 2019, mobile broadband service penetration will be above 100%, driven by growing data consumption. The number of mobile broadband subscribers fell last year, but the trend is projected to change, thanks to an increasingly young population and increased demand for data. According to the GSMA, mobile data traffic in the Gulf Cooperation Council (GCC) area is anticipated to be spurred by rising smartphone use, and increased use of social and OTT platforms would quadruple by 2027. With an anticipated rise in subscriber base and better ARPU (average revenue per user), the mobile broadband segment of the country is anticipated to promote sector-wide revenue growth.
• With Vodafone Oman's debut in the first half of the current year, the rivalry in the domestic telecom industry is set to intensify even further. This is anticipated to significantly influence the dynamics of a competitive market that is already saturated, as seen by the increase in mobile virtual network carriers (MVNO). With its extensive expertise and advanced technological skills, Vodafone Oman might seriously threaten current industry leaders' ability to hold onto market share. Vodafone is rapidly increasing its market share in Oman by providing services at costs below cost, posing a severe challenge to established businesses' ability to hold onto their market positions. Particularly in the mobile prepaid market, the pricing conflict is predicted to worsen, putting pressure on ARPU.
• The telecommunication business potential in Oman expanded quickly despite the enormous commercial hurdles that the COVID-19 pandemic brought. To capitalize on the increased need for Data centers, Unified Communications and Collaboration (UCC), contact centers, cloud computing, managed security, blockchain, the Internet of Things (IoT), and big data analytics, telecom firms are continuously investing in ICT (information and communications technology). Omantel and Ooredoo recently installed high-capacity underwater cable networks linking Oman with the rest of the world. It might be a game-changing strategy to work with foreign operators, allowing Omani operators to keep up with changes worldwide and have access to high-speed internet.

Oman Telecomm Industry Segmentation

Telecom or Telecommunication is the long-range transmission of information by electromagnetic means.
Oman's Telecom Market includes in-depth trend analysis based on connectivity like Fixed Networks, Mobile Networks, and Telecom Towers. The Oman telecom market is segmented by services (voice services (wired and wireless), data and messaging services, and OTT and pay-tv services).

The market sizes and forecasts regarding value (USD) for all the above segments are provided.