WHY CHOOSE PAKISTAN AS YOUR NEXT OUTSOURCING DESTINATION:
“Do what you do best, and outsource the rest” – Peter F. Drucker
Outsourcing has become a globally accepted best practice that allows businesses to compete with others in the market. As more and more technology emerges to become part of the new normal, teams will have to learn to transition to WFH and back, as and when needed.
Merely considering the ever-expanding IT industry:
The IT Global Outsourcing market segment is projected to reach a revenue of $359,462.8m in 2021 and is predicted to increase at a CAGR of 8.77% by 2026. – Statista
Deloitte’s Global Outsourcing Survey 2020 highlights cost reduction as a top factor for businesses that outsource, especially due to the global recession.
If your business organization has not yet considered business process outsourcing, they are most assuredly missing out on the many vital benefits that outsourcing provides. Pakistan possesses all the elements that make this impressive geography a perfect candidate for outsourcing.
With 69% annual growth, Pakistan is the eighth fastest-growing freelance economy, a hidden gem of Outsourcing, that is emerging as a major business destination of choice. Ironically, the global pandemic has shown a dramatic example of why Pakistan is a source of superior providers of outsourcing capabilities and processes which many Fortune 500, Inc. 500, and other corporate leaders have now found to be an indispensable part of their pandemic operations strategy. These Corporate giants, which have been performing a wide spectrum of business processes in Pakistan for decades, now realize what a proven, reliable locale it is as a major destination to ramp up their BPO processes quickly, efficiently, and reliably in such times as these. Among the many renowned IT companies operating in Pakistan, some examples include Bentley, IBM, VMWare, Arbisoft, Cubix, Netsol, Ovex Technologies, TRG Tech, etc., and other U.S. businesses such as MTBC.
The following are some impressive statistics regarding Pakistan to be considered: