The explosion of technology has led to a series of requests from businesses, organizations, and individuals for information technology services. Therefore, the Vietnamese IT outsourcing market is witnessing a strong growth in demand in this field. 

In the period of 2024 - 2025, many experts predict that this will be a promising time for the Vietnamese IT outsourcing market. Along with that are many impressive highlights in terms of revenue and profit that businesses in the IT sector will receive. In this article, let's explore in detail the potential and development opportunities of this sector in the Vietnamese market to take advantage of attractive career opportunities. 

Human resource needs in Vietnam's current IT outsourcing market

The strong explosion in demand for using and applying information technology services has caused the IT outsourcing market to develop rapidly. The information technology industry in Vietnam recorded that by 2024, there will be about 530,000 programmers working in this field. These human resources are mainly from generation Z from 1997-2012 and generation Y from 1981-1996. 

Along with that, many businesses are facing the challenge of recruiting and training, ensuring the quality of skilled and experienced programmers to meet customer needs. A survey conducted in 2024 showed that up to 13.2% of businesses have a need to recruit workers in the IT field. In particular, for specialist positions, requiring 3 years of experience or more, the recruitment demand is up to 28.75%. 

This further confirms that the demand for human resources in the Vietnamese IT outsourcing market is extremely large. Especially those with professional qualifications, rich knowledge and experience, they will always be sought after by IT outsourcing companies. 

More: The importance of international connections in the IT Outsourcing industry

Development prospects for Vietnamese IT outsourcing businesses

The Vietnamese IT outsourcing market is growing strongly and is expected to continue to grow stronger in the coming years. Therefore, companies in this field can take advantage of high-quality human resources and support policies and employee benefits. From there, businesses can expand their market share and grow in the information technology sector.

Not only that, Vietnam's IT outsourcing market is highly appreciated by many global organizations. This market is ranked 7th out of 78 countries in Kearney Global Services Position. 

According to Statista, the global IT outsourcing market will reach 410.7 billion USD in 2027. The IT outsourcing market in Vietnam needs to focus on the quality of its services. Companies and businesses in this field promise to cooperate and work with the US and EU markets in the future. This is because the US and EU markets have recovered their spending needs for this field. 

More: Can IT outsourcing industry “riding the wave” of AI?

Global IT Outsourcing Market Growth Forecast to 2025

As the US and EU markets recover demand, the global IT Outsourcing market is expected to grow rapidly. Specifically, in 2024, spending on the IT sector will be at 8%, equivalent to 5.1 trillion USD. Along with that, the growth of the software and IT services sectors will also reach 13.8% and 10.4%, respectively. Regarding long-term investment, in the report of KBSV Securities Company, the budget for information technology is also increasing.

These signs are positive information signaling the growth of the IT outsourcing market by 2025 will have a breakthrough development. This requires businesses in the Vietnamese outsourcing market to constantly innovate and improve their skills. Along with that is building strategies, carefully researching to catch up with technology trends in the world. 

More: Cloud computing trends you need to know in 2024

Conclude

The IT outsourcing market in Vietnam is growing strongly, with an increasing demand for IT human resources. IT outsourcing businesses in Vietnam have very good development prospects, driven by a young, highly qualified workforce and competitive costs. 

The Vietnamese and global IT outsourcing market is expected to continue to grow in the coming years, opening up many opportunities for businesses to participate in the global value chain. By understanding the information about opportunities, challenges, and needs in this article, businesses can build their own strategies to attract more partners, develop skills, qualifications, and establish a position in the global value chain.

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