The internet has become a crucial part of our lives. It floods us with information and ideas, and it has given rise to many businesses. Thanks to it, the IT industry has grown enormously worldwide. So, is the IT market booming in Nepal? If you ask me, definitely yes. Technology use here has grown fast as more IT companies have emerged.
The pandemic also pushed more people to use technology, and in Nepal fintech and e-commerce became far more popular than before.
According to the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), business process outsourcing is a major emerging area of IT in Nepal. These businesses are often called ITES-BPO (IT-enabled services and business process outsourcing), and they serve both domestic and international markets. There are three kinds: local providers focused on the local market, export-oriented providers (such as offshore centres), and hybrids that do both.
Many software companies, both foreign and Nepali, have grown here, such as Deerwalk, Leapfrog Technology, F1Soft International, Yarsha Labs and Cotiviti.
The government has helped too: registering a company is fairly easy for both foreign and domestic firms, which has helped many of these companies start. As for jobs, the pandemic made remote work common, and job boards like hamrodevjobs, merojob and kumarijob list jobs, internships and coding bootcamps.
As more companies join the industry, it will create more value and keep contributing to the economy. It will also open new opportunities and increase demand for skilled people. hamrodevjobs.com grew out of that demand: it shares job openings from IT companies across Nepal.