The global oman wireless infrastructure market is competitive and witnessing growth at a faster pace, owing to rise of telecommunication sector in the country. The growing capital investments in the country’s telecom industry are enhancing the wireless infrastructure market capabilities for handling rising data volumes and increasing demand for high-speed connection by the users. The growing telecom market in Oman has obligated the competitors in the market to enhance their mobile internet services and value-added services.
The investments for developing fiber-based broadband infrastructure are increasing in the country and this is expected to fuel the growth of the Oman wireless infrastructure market over the forecast period. Further, the liberalization of the telecom market is also expected to play a major role in driving the growth of the Oman wireless infrastructure market. Furthermore, the growing use of VoIP services in Oman is expected to increase the demand for smartphones in the country.
In 2017, major market players strengthened their strategies by undergoing mergers and acquisitions, owing to the announcement of the third Mobile Network Operator (MNO). For instance, in November 2017, Omantel completed the acquisition of Zain Group, a Kuwait-based telecommunication company.
Oman's Sultanate has set up a progressive mobile sector, which features extensive coverage for both 3G and 4G LTE networks. Omantel and Ooredoo lead the regional market, with both having similar market shares. With the introduction of mobile virtual network operators in the past 10-15 years, the competition in this sector has increased exponentially. Vodafone announced a strategic partnership with Oman Future Telecommunications in September 2019, which is known as Vodafone Oman. Omantel announced in 2019 that its network was now 5G ready. This shows that competitors are involved with mergers and acquisitions, as well as continued developments in the sector. The market in Oman is expected to be attractive, as VoIP subscriptions in the region are rising.
The integration of wireless solutions in the oil & gas industry plays a major role in Oman’s economic development. The wireless infrastructure facilitates two-way communication between the corporates and the field level employees of the oil & gas industry. It provides a clear view of the scenarios in the field and the factors impacting the funds of oilfield operators.
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