Is Software or IT industry is growing in Pakistan?
Drastic changes in nature and potential of leapfrogging countries devised a term software which later became the giant industry with growth rate of 4% annually. It is true that one of the most promising and progressive economic accelerators for any emerging country today is the software industry, and Pakistan is no exception. Humans have made enormous technological advancements since science and technology were accorded the due respect in human society. The creation of computers, and hence information technology, was the twentieth century’s most significant technical advancement. It was the human brain to first understand and write the computer language to have a better communication with the machine, which was later going to rule the world. It was human who was able to put words to a great invention by creating the first customizable and scalable programming language. As evidenced by the large number of sponsors, Facebook, Amazon, and other IT behemoths are expecting big things in Pakistan’s start-up world.
It is observed that 134 IT companies received ISO 9001, ISO 20001, and ISO 27001 certifications, allowing them to generate IT export to developed countries. According to official data, Pakistan’s IT industry has shown positive growth trends over the last four years, with export earnings increasing by 100 percent. Pakistan’s IT exports were $3.3 billion in 2016-17, but have since risen to $5 billion and are expected to reach $6 billion in the coming years. Pakistan’s IT industry is expanding rapidly across multiple categories. Enterprise software has grown by 17%, marketing technology by 15%, financial services by 13%, consumer goods by 9%, retail/e-commerce by 8%, professional services by 8%, internet of things/hardware by 7%, health care by 4%, and media by 4%.
Embedded Systems, Software, ERP (General, Specialized – Verticals), Banking (Core Banking), Mobile Apps Design & Development, Game Development & Animation, Product Design, , Development & Testing, Development & Testing, Mobile Apps Design, Web Businesses & e-Commerce E-learning and education software, telecommunications and billing software, exploration and production software (oil and gas), health-related software, and open source customization There are numerous investment opportunities in Pakistan’s IT and ITeS sectors. Local and domestic investors can benefit from the opportunities presented by Pakistan’s growing IT sector, which include company acquisitions and mergers, IT startups, Venture capital funds, IT parks, Software development centers, Software testing centers, Technology incubators, Gaming and animation studios, IT global consulting centers, Data Centers etc.
For the new bees in the IT industry, IT consultants also play a very important role because they provide the proper guidance and consultancy services. IT consultants offer their services to the different companies within the broader perspective. The technology industry necessitates highly skilled workers with cutting-edge knowledge. Because the IT industry is always on the top, so manpower and skills must be constantly updated with it in order to survive and compete the world.
The IT industry is far more reliant on skilled labor for survival than traditional industries, who have been following the same trends for years. The technology industry necessitates technical, domain specific expertise in order to produce high-value IT products and services required by the world’s largest entities. It also requires risk taking entrepreneurs who can operate at the high tech and rapidly evolving business models.
The software industry is complete radiant and evolving fast. Every day you hear about a new term, or a new software, so it is very important to keep your pace synchronized with the globally evolving industry. There is always a trend which results in the emergence of new trends that will be dominant in the near future. Every new application is more popular than ever, and as the software market enters a new phase, this is a critical application for meeting user need. When building software, people must consider artificial intelligence, network security, cloud service and many other factors. A few years ago, augmented reality was one of the market’s hottest trends. According to the analysis of top technology experts, the future of the software industry will center on the following main goals:
If you look at the software industry advancement in Pakistan you can see that the work is getting better quality and it is becoming welfare oriented, which is very important. Furthermore, businesses vie for the best quality procedures. As a consequence, it’s a good omen for Pakistan’s software business nationally and internationally, and it demonstrates the advancement of technology in Pakistan as well as the value of information technology in business.
Despite the fact that Pakistan’s IT sector still faces numerous challenges in terms of technological advancement. The literacy rate is Pakistan is only 59%, which includes only the people who can read and write their name. In addition to that poverty rate is 40%, which mean that almost half of the population can’t afford the basic necessities or the common use technology. This also plays a part as an obstruction for the software development but Pakistan’s computer industry is making high intensity efforts to correct its flaws and to maximize it so it could be beneficial to common citizen or some multinational company. In the Pakistan software industry overview, we expect to see more improvements and advancements. Small software companies, freelancers, and other local IT vendors are a major driving force in Pakistan’s computer industry. In Pakistan, we are at the verge of a technological revolution. As a result, the government must provide the basic infrastructure for Pakistan’s computer industry to thrive. This highlights the importance of information technology in the workplace. Pakistan’s computer sector has grown from little fruit merchants to huge international enterprises and no doubt that small startups and freelancers have a huge hand in it. People are more inclined towards learning and earning from home then to work in an office, and this trend has caused drastic changes in past years. Students are very motivated towards the new softwares and learning IT skills because it has become the most drastically growing industry honing up the skills of fresh learners and paying them handsome amount.