IT outsourcing statistics have been phenomenal with the boom of the 4th industrial revolution all around the world. This over the billions dollar industry is contributed by more than 57% of the organizations that prefer to outsource the software development- their key focus on the business activities. Most of the Asian countries have been the key market players in software outsourcing including China, India, Ukraine and Philippines. However, this factor can make the decision for outsourcing a little more difficult as quality vendors come with high prices and distinguishing them in an oversaturated market is a tough job.
Consequently, a few other offshore locations have been gaining popularity due to the large number of success stories. Pakistan, being one of them, is the 6th most populated country with IT institutes all over the country producing highly skilled IT professionals. A report by Germany’s Deutsche declares “Pakistan as Asia’s next big tech startup market”. It is further confirmed by Pakistan Governmental sources that have regarded the IT/ITeS Sector as one of the fastest growing sectors of Pakistan contributing about 1% of GDP of Pakistan at about 3.5 billion USD. Moreover, Pakistan was ranked at number four for freelance development in the world.
With the IT growing in Pakistan, there are few other factors that makes Pakistan one of the best candidate for software outsourcing including:
We already know the benefits of software outsourcing lies in the cost reduction in retaining workers and business operations. If you further want to reduce the cost without compromising the quality, Pakistan is your safest bet. The low price correlates to the higher currency exchange rate against the dollar (US, UK and Australian) as well as the higher percentage of IT workers across the country.
Fluency in English
English being the official language of Pakistan, is taught from primary education up to technical education. This makes 49% of the Pakistanis adopt it as a second language; almost 8% speak it as their first language. This makes the tech workers fluent in english or at least they understand it very well allowing to diminish the language gap.
Low cost and fluency in English are the perks of outsourcing the software in Pakistan but the technical expertise is the core reason why you should look at Pakistan for some long time benefits. With 2000+ IT institutions, 20+ tech incubators and upcoming tech parks all across the country, technical expertise is abundant. From design to testing, they know it all!
Ease of Business
In order to strengthen Pakistan’s economy, there are certain laws and regulations in place to entertain the foreign investment, especially in the IT industry. Unlike most countries, Pakistan offers full ownership of equity and minimum tax regulations. This allows ease of business and overall low investment risk.
Suitable Time Zone
Pakistan, with its GMT+5 time zone, is ideal for the international clients who have to communicate with their offshore vendors round the clock. Moreover, most of the outsourcing companies are flexible with their timings to best suit their client requirements.
Future of Technology
Since Pakistan is a developing country, people here are focusing on technology to revive the economy. As already mentioned above, IT has grown exponentially around the years in Pakistan so much that Hena Husain, founder of London-based communications startup The Content Architects states in her interview with DW “It’s (Pakistan) home to a strong tech talent base and it’s still competitively affordable, which makes it ideal for early-stage founders like myself.” With international interest in low cost and good tech products based in Pakistan, it is clear that it has potential to become the hub of technology in South-east Asia.
If we sum up our discussion, it is quite clear that Pakistan is the most favorable choice for technology and software outsourcing due to the talent it houses and the quality of service it provides and that too in an affordable range. Pakistan is your dream destination for technology outsourcing.
Looking for a trusted outsourcing vendor and want to reap the benefits of in-house development in the freelancing costs? DevNatives is your best choice. You can contact us here for more information.