Oman Cybersecurity Market Set to Reach $214 Million by 2031

Oman's cybersecurity market is projected to grow to $214.27 million by 2031, driven by digital transformation and local innovation. The market is expected to rise from $135.33 million in 2025 to $146.12 million in 2026, with a compound annual growth rate of 7.97%. The growth aligns with Oman Vision 2040 and the National Digital Economy Programme, positioning cybersecurity as a key economic driver. The report highlights the establishment of 48 local cybersecurity companies, an increase from 16 in 2020, and the development of 17 local cybersecurity products. Six strategic projects are proposed, including an AI-powered Security Operations Centre and a quantum cybersecurity centre. The sector's expansion is supported by training initiatives benefiting around 13,000 individuals over five years. Oman has achieved a Tier 1 global ranking in cybersecurity readiness.

Key Points: • Oman's cybersecurity market projected to reach $214.27 million by 2031. • Growth driven by local innovation and digital transformation initiatives. • Six strategic projects identified to enhance cybersecurity capabilities.