There are 3 Companies in Cambodia
that provide Product Design Services!

Cambodia’s Information Technology (IT) sector has a promising future with its talented youth and is poised to become the largest export industry in the country, according to Cambodia High Commissioner to the UK. 

Based on this information, it is also important to mention that the average salary in the IT industry in Cambodia is estimated at around 378 USD/mo, making the country one of the most accessible and competitive in the region in terms of prices. 

Based on a report from the State Bank of Cambodia, the IT industry value is set to grow double in 2020, making a progress from $3,5 bn in 2019 to $7 bn. USD. 

Why working with Cambodian IT companies

Cambodian IT companies and web agencies are in the full development process and promoting their services mainly to foreign clients using the latest technologies. Even though Cambodia is probably the newest player in the IT sector in the region, it revealed it has huge capacities with a number of tech startups and new web agencies that continue to grow. In this way, there are more than 1500 IT companies in Cambodia with 10,000 professionals enrolling in the sector each year. 

What to be aware of when working with CambodianIT companies

The relatively low number of IT companies in Cambodia is motivated by two factors: First, as mentioned previously is that the web agencies based in Cambodia are new in the region and are in full development and promotion process. The second reason is that professionals in the country are focused more on freelancing than entering a corporate environment and developing a digital business system - based on a report from the NY Times. 

Considering both indicators, it should be noted that the Cambodia-based companies don’t have rich experience on the market and thus, a developed-business culture which may be a challenge for potential foreign clients. 

How reliable are IT companies from Cambodia

The young and inexperienced behavior of Cambodia-based IT companies and web agencies is compensated by the high capacity and low prices on the market that they can provide. This makes Cambodia-based companies and web agencies, but as well as freelancers to have a balanced reputation on the global market, making the selection process easier for potential clients. 

How the Cambodian IT Industry relates to the neighboring countries

Cambodia is trying to make its place in the global setup. Perhaps, this is the reason why the country’s freelancers offer rates 30% to 50% less than the ones offered in India.

According to NASSCOM, India’s IT market size is $150 billion while Cambodia’s is just $3.5 billion. While India’s population is seven times higher, their investment in the startups’ ratio is also 30 times greater.

The ratio of the size of the economy is 1:10 while the market size of startups is 1:100.  This can be improved as Cambodia’s startups market can grow up to 5 times

The Global Competitiveness Index and Ease of Doing Business Index of Cambodia show that the country has some giant strides to make. India has 6 big IT companies and every company has at least a $10-billion revenue a year. Google, IBM, and Microsoft have their local office in India, promoting the country’s industry through research and development.

On the other hand, Cambodia has not seen business tycoons venture into the IT industry. Cambodian businessmen love to invest in real estate and gold.

The ICT Industry in Cambodia in 2022

2022 comes with new development opportunities for the Cambodian ICT sector. The country struggles to attract BigTech companies and their investments in the hope to boost the economy and diminish the country-wide poverty issues. Among the measures, Cambodia launched several economic forums in late 2021 that will hopefully get a long-term result for the FinTech sector.

Product Design service is the process of creating a product that includes everything from market research, ideation, and conceptualization, to prototyping, manufacturing, and testing new products.  On the one hand product design help businesses bring new products to market on the other hand help them to improve the quality of their existing products and make them more user-friendly.

Understanding the user needs and making sure the product meets those needs is the key element in a product design service.

According to a survey conducted by McKinsey, businesses that prioritize design in their product development process tend to outperform their competitors by 2:1 on the revenue growth rate. Did you know that? 

Let's see what other advantages product design services have. 

A well-designed product:

• Makes differentiation from competitors

• Increases brand awareness

• Grows profitability

• Improves user experience

In this way, businesses benefit from product design services as they can help create products that are both functional and aesthetically pleasing.

It is interesting to know that consumer electronics, software, industrial products, medical devices, and furniture are the most popular items within product design services.

And now,  how to choose the right product design company to ensure the best result? By following these tips, you will be able to make an easier decision

1. Check their portfolio and experience, and ask for examples of past works

2. Make sure they have an excellent team of experienced designers and engineers.

3. Inquire about their design process and methodologies

4. Make sure the company has a good understanding of your needs

5. Seek testimonials or references from past clients

6. Compare more companies' offers before making a decision.

To make your choice even easier, we invite you to explore Design Product companies on the TechBehemoths platform. With the help of intelligent filters, you can find faster the right product design company that will help you create a successful product.

On TechBehemoths there are over 1,362 product design companies in various parts of the world so you can choose the right one. Alternatively, you can submit your project and our team will make the search for you within an hour. The best part is that it’s free of charge and you are not obligated to hire any of these companies.