Pakistan is home to a number of software houses that produce world-class software for both the local and international markets. Despite this, there is still a lack of awareness about the importance of software house in Pakistan. Their role in the economic development of the country.
The Pakistani software industry is worth an estimated $2 billion and is expected to see a compound annual growth rate [CAGR] of 12 percent. These numbers may seem small when compared to other industries. But they show that the software industry in Pakistan is growing and has the potential to grow significantly more.
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Pakistan’s economy relies heavily on its exports; we export goods worth $20 billion annually and this number is expected to grow in the coming years. However, our exports are not evenly spread out and we have a trade deficit of $31 billion. This means that we import goods worth more than what we export.
One way to reduce this trade deficit is to increase our exports in high-value industries like software. It can play a significant role in achieving this goal by exporting their software to other countries. Not only will this help reduce the trade deficit, it will also create jobs and help the economy grow.
Software houses are like big brothers of IT industry who offers lucrative career opportunities to the talented individuals. The graduates not only get an opportunity to kick off their careers in software companies but also get exposed to working with state-of-the-art technology and tools. Having a degree from reputable educational institute is always an added advantage but it doesn’t necessarily give any job.
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In case you are from a non-glamorous institute and want to make a career in software houses, then it’s always advisable that you have an edge over others. Getting into the industry isn’t easy as there are approximately fifty thousand graduates passing out every year from different universities but only a handful of them get hired.
The statistics clearly shows that software houses in Pakistan prefer hiring fresh graduates from reputable universities; they are less likely to recruit candidates with negligible work experience.
Lack of Awareness About the Importance of Software House
There are a number of challenges that the software industry in Pakistan faces. One of these is the lack of awareness about the importance of software house in Pakistan. Another challenge is the lack of technical education in Pakistan; most people studying at universities or colleges are not receiving any formal education on how to design and develop software.
This is where the private sector comes into play. The companies that have a stake in the success of this industry should invest in training programs for students. Who want to work as software designers, developers and engineers. This will help create the talent that is needed to grow this industry and contribute to the economy as a whole.
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The government should also play its part by encouraging software house in Pakistan. Those who produce world-class software for local and international markets. They can do this by creating tax breaks so that these companies can set up business in Pakistan. And by investing in the infrastructure that is needed to support this industry.
Only then will we have a shot at being considered for the next big thing in technology.
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The Unexpected Truth Behind Software House
Pakistan has come a long way since its independence. A nation that has seen major political hurdles, corruption and security issues is now blazing forward in the technological sector. The world of software houses in Pakistan are definitely gaining more recognition globally with time.
What has made this possible is the sheer talent and hard work of Pakistanis coupled with a strong work ethic. Pakistani software houses have set global benchmarks for quality, professionalism and customer service.
This has been possible due to an increased number of projects being outsourced by both international companies. As well as local organizations. With every passing year, the bar for success is raised higher. And it seems that this trend will continue throughout 2017 too. As Pakistani software houses continue to shine in the global market. We can only expect greater things from this sector in the years to come.