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Current Situation of IT Industry in Nepal

The IT sector is an emerging area in Nepal. The Government of Nepal has identified IT and business process outsourcing (BPO) as one of the 5 priority potential export service sectors in the Nepal Trade Integration Strategy (NTIS) 2010. IT has the potential to generate high growth, investment, and significant profits in the coming years and is expected to be one of the most significant growth contributors to the Nepali economy. Talking about the current situation there are more than hundred IT companies in Nepal. Different IT companies uses different platform or language in order to develop software. Most of them are specialized on web apps development and mobile apps development. Some company performs the data analysis tasks. Many IT companies are startup companies established with very less investment. Thus, they are struggling for the survival. While there are also some big companies leading Nepali IT market are Verisk, Deerwalk, F1Soft, Leapfrog, and Brain Digit IT Solutions. Many of the IT companies in Nepal are outsourced. In the past years, there was an insatiable demand for IT students from many developed nations, so it started a trend among Nepalese to pursue their career in the field of Information Technology. In order to meet their requirements, numbers of colleges are providing various degrees in IT related courses such as BIM, BCA,BSc.CSIT etc. There are many IT companies growing rapidly in Nepal as per the demand of customer. The major challenge for most of the IT industry is that this industry is becoming more and more competitive nowadays. Even the industry must have to compete globally as there are no barriers in the flow of the product and service as compare to other physical production companies because ever users are using internet nowadays which has helped to reduce the geographical barriers. Similarly, next challenge faced by IT industry is change that occurs in case of technology. As we all know change is inevitable and change is good, but the change must be consistent with corporate objectives. Any company which could not handle the change will vanish from the market. Likewise, the society is becoming more dependent on ICT networks so there is greater possibility of cybercrime which provides cunning ways to exploit human and computer vulnerabilities to their benefits. There are more web related jobs, so this sector appears to have the larger share. But in present context, mobile application (iOS and android) also appears to have a large share in IT related jobs. There could have been a bigger market in Nepal but due to lack of proper cyber law, e-transactions acts and e-commerce have decreased its chances. In this revolution of IT we have witnessed many changes from machine era to automated era. Coming to this long we are now totally living in a world of technology . We Yashri Soft team is also an outcome of an advance technology where we build different customized software with other facilities like web designing, SEO, logo designing, digital marketing. For more detail visit us on our websites or can contact us on 977-9851214726.

Date:2019-09-29 07:55:28
Location: Kathmandu, Nepal.
Contact:, 9851214726.

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