Due to dearth of conventional jobs in Pakistan, the people of the country look forward to make both ends meet through freelancing industry. People from all across the world have approached this freelancing industry as it offers handsome packages. As a result, this industry has observed a tremendous boom in the recent past.
According to a recently published report from Oxford Internet Institute (OII), Pakistan is positioned at No. 4 in the freelancing sector behind India, Bangladesh and the US.
The report named as ‘Online Labor Index’ is based on data collected between 1-6 July 2017. It depicts the online gig economy – what skills are offered by what countries, the supply and demand of labors – using real time data from four of biggest freelancing platforms including Fiverr, Freelancer, Guru and People Per Hour.
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Pakistan is behind only India, Bangladesh and the US
Overall in top occupation by country, Pakistan is ranked at No. 4 in the Software Development and Technology category. The educational institutes in Pakistan offer several programs and degrees in Computer Science and Software Engineering. Subsequently, the number of students are graduating in a large number from the aforementioned fields. Therefore, the student-cum-professionals are now looking to opt for freelancing industry rather than going for a typical 9-5 job.
India is leading the chart with 24% and it is following by Bangladesh which is home to 16% of the workers who are working online. The US is positioned at No. 3 on the list with 12% while Pakistan is home to almost 9% of the overall freelance workers.
The market share of India is stellar 13% in the Software Development and Technology Services while Pakistan’s share is 3%.
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Asia is the dominant region in the global market with a market share of whopping 60.5%. Second on the list is Europe with less than 20% market share and the region is followed by North America, Africa, South America and Oceania.
Categories on which the ranking was based upon
Following were the gig categories which were used for the classification of countries and regions:
- Clerical and Data Entry
- Creative and Multimedia
- Professional Services (Accounting, Business Consulting and Legal Services)
- Sales and Marketing Support
- Software Development and Technology
- Writing and Translation
Where do you see freelancing industry in next 5 years?