There are 10 Companies in Pakistan
that provide Transcription Services!

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

Based on this information, it is also important to mention that the average salary in the IT industry in Pakistan 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 of the State Bank of Pakistan, 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 Pakistan-based IT companies

Pakistan-based 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 Pakistan 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 Pakistan with 10,000 professionals enrolling in the sector each year. 

What to be aware of when working with Pakistan-based IT companies

The relatively low number of IT companies in Pakistan is motivated by two factors: First, as mentioned previously is that the web agencies based in Pakistan 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 Pakistan-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 Pakistan

The young and inexperienced behavior of Pakistan-based IT companies and web agencies is compensated by the high capacity and low prices on the market that they can provide. This makes Pakistan-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 Pakistani IT Industry relates to the neighboring countries

Pakistan 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 Pakistan’s is just $3.5 billion. While India’s population is seven times higher, their investment in the startup's 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 Pakistan’s startups market can grow up to 5 times

The Global Competitiveness Index and Ease of Doing Business Index of Pakistan 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, Pakistan has not seen business tycoons venture into the IT industry. Pakistani businessmen love to invest in real estate and gold.

Transcription

Transcription is the process of transforming audio or video recordings into text. 

Transcription is an age-old process. The first transcripts are believed to have been found in 3400 BC. in Egypt and the term "transcription" was first used in the English language in 1598.

Transcription can be done manually by a human transcriber or more recently using speech recognition software.

Transcription services are used in a variety of industries, including legal, medical, education, and business.  The most popular items within transcription services are business meetings, lectures, and interviews.  Transcription services are used by brands and companies looking to improve their content strategy and grow their audience. 

In this connection let's point out why else transcription is important:

• Save time by converting audio or video recordings into text that can be easily searched and referenced.
• Improve accuracy by providing a written record of what is being said.
• Make information accessible to people with disabilities.
• Facilitate communication between people who speak different languages.
• Improve SEO for multimedia content by making it more searchable.

The question is what is important to take into account when choosing a Transcription Company.

Let’s see together:

1. Read reviews
2. Check the costs
3. See the accuracy rate of transcription, it should be at least 99%
4. Speed is important, they should be able to deliver transcripts in a timely manner.
5. Make sure they have a good reputation for customer service.

Following all these steps you will manage to choose the right Transcription Company.

At the same time, we invite you to make a search on Techbehemoths using powerful filters, that we have created (on location, other services reviews, costs, portfolio, and profile score) for the perfect company match.

There are more than 80 Transcription Companies on TechBehemoths Platform. Explore their detailed profiles and feel free to get in touch with them.

Also, you have the option to submit your project, and our team will select and send you the best matching companies in about 1 hour. The best thing is that it’s free of charge and you have no obligation to hire any of these companies. Try now and find your perfect match!