- Pakistan's IT exports account for less than 1% of the global market.
Yes, Pakistan's IT exports account for less than 1% of the global market. In 2021, Pakistan's IT exports were valued at $1.3 billion, while the global IT market was worth $4.5 trillion. This means that Pakistan's IT exports accounted for only 0.28% of the global market.
- Factors contributing to Pakistan's low share of the global IT market.
- Lack of skilled IT professionals in Pakistan.
- Lack of investment in the IT sector.
There are a number of factors that contribute to Pakistan's low share of the global IT market. One factor is the lack of skilled IT professionals in Pakistan. According to a report by the Pakistan Software Export Board, there is a shortage of over 500,000 skilled IT professionals in Pakistan. This shortage of skilled professionals makes it difficult for Pakistani IT companies to compete with foreign IT companies.
Another factor that contributes to Pakistan's low share of the global IT market is the lack of investment in the IT sector. In 2021, Pakistan's government allocated only 0.3% of its budget to the IT sector. This is a very low amount of investment, and it limits the government's ability to support the growth of the IT sector.
- Pakistan's IT sector is growing rapidly.
Despite these challenges, Pakistan's IT sector is growing rapidly. In the past few years, the IT sector has been one of the fastest-growing sectors in the Pakistani economy. The government is also taking steps to support the growth of the IT sector, such as increasing investment in the sector and providing tax breaks to IT companies.
Pakistan has the potential to increase its share of the global IT market.
If Pakistan can address the challenges facing its IT sector, it has the potential to increase its share of the global IT market. With a large and young population, Pakistan has a pool of talented IT professionals that can be tapped into. With the right investment and support, Pakistan can become a major player in the global IT market.
