Oman Omantel and Ooredoo Market Size, Share, trends and Forecast

Hexa Reports Market Research Reports and Insightful Company Profiles Oman Omantel and Ooredoo Market Share, Size, Industry Profile, Market Prize, Forecast and Overview 2015 'Oman: Omantel and Ooredoo Turn to Converged Offers to Stay Ahead of MVNOs and Each Other,' a new Country Intelligence Report by Pyramid Research, offers a precise, incisive profile of Oman's mobile and fixed telecommunications markets based on comprehensive proprietary data and insights from our research in the Omani market. Published annually, this presentation-quality, executive-level report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile and sectors, as well as a review of key regulatory trends. Key Findings With revenue of $1.5bn, or 1.9% of GDP, the telecom services market in Oman is the 17th largest in the Africa and the Middle East region in 2014. Over the next five years, Pyramid Research expects total market revenue in Oman to grow at a CAGR of 4.9% to reach $1.9bn in 2019. Overall, the telecom services market is much smaller than that of other GCC countries such as the UAE and Kuwait, in line with Oman's smaller population and GDP levels. The leading operator, Omantel, accounted for 67.0% of total service revenue in 2014. Both operators (Omantel and Ooredoo) are investing in LTE networks in bids to extend their respective market shares. At year-end 2014, 57.7% of mobile subscriptions in Oman were 3G. We expect the number of 3G subscriptions to rise at a CAGR of 11.6% from 2014 to 2019.