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Bangladesh is becoming a top 3 destination for IT outsourcing
Bangladesh is becoming a top 3 destination for IT outsourcing
Discover the growth of outsourcing in Bangladesh during the last few decades. Outsourcing can lead to a fully automated business with better revenue.
The "outsourcing" movement has recently acquired popularity and acceptability all around the world — it is the new normal of digital transformation. Global corporations spend over $900 billion each year on IT consulting, systems integration, application development and maintenance, and IT infrastructure management services. Historically, India, China, or the Philippines were the outsourcing hubs, but as the IT sector evolves, will they be able to meet the new challenges?
Bangladesh has become an appealing location for IT outsourcing due to the development of its market environment, regulatory backing, and ICT business capabilities.
However, there is a growing concern on how much of this lucrative industry can Bangladesh capture. The ICT sector is flourishing to get a competitive advantage in this lucrative market. Japan is one of the most influential and highly potential markets.
Japan will have a deficit of 500,000 competent engineers by 2025, according to the Japan International Cooperation Agency. It will be a game-changer for Bangladesh's economy if it can supply one-fifth of overall demand through an ICT outsourcing strategy.
The Japan Desk was founded by BASIS, the main trade organization for the ICT sector, to promote ICT services in the Japanese market. The desk has already gotten positive feedback from its Japanese equivalent within one and a half years of operation.
Following the success of the Japan Desk, BASIS is aiming to open four more offices across four continents. One will be in the United States, one in Europe, either the United Kingdom or the Netherlands, one in the UAE, and one in Africa.
The adoption of the workstations, along with other holistic ways to achieve the aim through artificial intelligence, blockchain, IoT, or Big Data, would undoubtedly propel outsourcing in Bangladesh to the next level.
Over the last few years, the volume of software projects outsourced here has doubled almost every year.
Garter identified Bangladesh as one of the top outsourcing destinations.
Global tech companies like Panasonic, Rakuten, Sony, Google, Sourcenext, Toshiba, Virtualex, Valmet, Metso, Dassault System, NTT Docomo, Qualcomm, Denka, Archeko, Fujisoft, Pfizer, Oracle are investing in Bangladesh to outsource their project at cost-effective and quality service outcome. We are trusted by global tech giants for the combination of expertise with efficiency. The cost advantages of outsourcing software to Bangladesh are significant when compared with other possible destinations for outsourcing software development like India, Poland, Sri Lanka.
A large pool of talent, efficient output, cooperative and fluent communication, industry focused tertiary education are some of the factors driving the IT and software development industry in Bangladesh to a prominent position in the global software industry.
The government services are digitized, every crucial sector including education, healthcare, national security, cyber advancement, and the overall IT development is having a total change in delivering these services using new methods replacing the old analogue ones. However, full institutionalization will take a few more years to flourish fully. Adoption by society will also need some time and there are risks such as cybersecurity threats, privacy issues on citizens’ information, etc.
Nevertheless, Bangladesh is optimistic to reap the full benefits of digitization by 2030, non-digital services will be replaced with digitalized options both for government and private sector service providers where they lead and co-design new services.
In a recent article “Digital Bangladesh to Innovative Bangladesh: The road to 2041” written by Anir Chowdhury, Policy Advisor of a2i in ICT Division and Cabinet Division supported by UNDP. He stated an in-depth explanation of how digital Bangladesh is likely to be.
The fourth Industrial Revolution influencing everything will go way beyond the technical aspects and will have to embrace the massive changes triggered by the Fourth Industrial Revolution (4IR), which is already catalysing the merger of the physical world with the digital world with the biological world. The ‘virtual world’ even until the past decade, which was a fantasy from sci fie movies will feel more likely to be the next version of the physical world because it will provide experiences of further blurring the lines across the physical, digital, and biological barriers.
Bangladesh was mostly a consumer of technologies and only showed signs of leadership in terms of technology production towards the tail end of realizing its 2021 vision. In terms of reforming its public and private institutions, it is creating a global name for itself. Bangladesh is among the world’s leading outsourcing markets, with over 200 - 300 different BPO and IT companies providing their services to foreign businesses in many sectors. Some of the notable companies include BJIT, Quantanite, Genex Infosys LTD., Aamra Outsourcing, Syntech Solutions LTD, Brainstation 23, Southtech, Skytech Solutions Unicorn, Subra Systems Limited are working in the ICT outsourcing of Bangladesh. Bangladesh is already donating digital expertise to many LDCs such as Cambodia, Somalia, South Sudan, and Yemen, and to even developing countries such as the Philippines, Maldives, and Fiji with per capita income many times that of ours.
By the implication of the visionary ideas and consistent advancement of the digital journey towards 2041, Bangladesh will be a recognized leader among middle-income countries in creating technologies, processing, and institutions to effectively sustain human talents working towards achieving greater goals.
Lets get to know four common software outsourcing cases based on outsourcing work in Bangladesh for 20+ years.
Here you will find the context of software outsourcing examples and a short description of activities.
The team met with the customer on a regular basis to share details and can swiftly settle even if a customer wants a big project. Regular meetings help to review the day's deliverables and preparations for the next day. As a result, tight deadlines can be met for a web-based management/iOS system where end-users have various options to track and control their actions.
Imagine a scenario where your business had fantastic desktop software, but it's losing customers. For thriving, support teams are first assigned to stay competitive in the market. The firm shall quickly realize upon close inspection that SaaS was the way to go. The program was totally redesigned as a cloud solution with Web and mobile apps.
Suppose, an investor had seen a prototype of a client's web system. To launch an MVP, he required a team. The collaboration began with a requirement analysis and code examination. Because the existing source code raised security concerns, the team recommended starting the project over. The crew decided the extent of the project and proceeded to work on its upkeep.
The customer was in a scenario where the present team had lost steam. He approached BJIT and asked them to update and publish their iOS app. It became evident after a code inspection that it was conceivable. The group got to work on upgrading the current source code and adding functionality that was lacking and delivered on time and within budget.
Since 2000, BJIT - Leading Outsourcing Company in Bangladesh, has successfully completed over 1000+ development projects, from small websites to large SaaS solutions adjusted to specific industry requirements.
A general software development company with several strong areas of expertise, BJIT provides several types of software outsourcing services. As a result, the company satisfies various needs for software outsourcing throughout the software life cycle.
The main areas of expertise include:
Software consulting - BJIT can assist with a software audit conducted by one or more business specialists and IT specialists. Based on the results, our specialists provide a viable roadmap with comprehensive stages for execution.
Prototype development – We can assist with quick prototyping to assess what is feasible within the time and budget constraints. A development team assists in the launch of a workable proof-of-concept.
Full-cycle software development - To profit from the Agile strategy, businesses frequently require fully-fledged bespoke apps for mobile or Web.
Reengineering – BJIT provides a step-by-step migration. The outdated software is replaced with new models while the company's workflow remains unaffected.
Project rescue - It is also conceivable that the deadline is nearing and that it becomes clear that the existing in-house team is unable to meet its commitments. In that case, BJIT can help by providing a roadmap to launch the app just in time.
Team extension - BJIT allocates a team specialized in the required area of expertise (e.g., test automation, back-end development, DevOps, etc.) to collaborate with the client's team.
Support and maintenance - At BJIT, a reliable and proactive team is assigned to focus on support and administration to ensure 99.8 per cent uptime by maintaining software solutions 24/7, 365 days a year. This team can also update servers according to security standards, monitor suspicious activities, perform data migration activities, and more.
If you are wondering what is the greatest benefit of software outsourcing in Bangladesh.
Thousands of businesses now have the option of launching their long-awaited changes to stay in the competition rather than deferring them or increasing the budget.
Yes, Software outsourcing in Bangladesh enables cost-effective technical execution of collected business expertise.
To summarize, outsourcing software development allows you immediate access to technical skills to innovate businesses in no time.
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