Evolution of Software Industry in Bangladesh
Evolution of Software Industry in Bangladesh
The ICT sector is one of the thriving sectors in Bangladesh. Over the few decades, the sector has grown by leaps and bounds.
The ICT sector is one of the thriving sectors in Bangladesh. Over the few decades, the sector has grown by leaps and bounds. It has truly been an achievement for Bangladesh to successfully place its name under the category of one of the emerging IT outsourcing and software exporting countries in the South Asian region. The sector alone drives so much revenue that it gets to contribute to the gross domestic product of the country to a significant level. Bangladesh is developing as a whole nation due to the advancements brought into the ICT industry, especially from the software and ITES industries. A huge job platform has been created through the IT sector and boosted the entire economic and industrial growth. The software industry in Bangladesh has been reported to grow at a rate of 40% for the last five years. Engagement in automation projects in various sectors like telecom, banking, finance, pharmaceutical, and in many other sectors was a major reason behind such growth. There are around 4500 registered software and ITES companies now in Bangladesh. All together the companies have created an industry worth of around US $1.18 billion in the local market. Some of the major software export locations include North America, European countries, and some East Asian countries like Japan. The government of Bangladesh has played a pivotal role in the aspect of improving the software industry scenario with the vision of Bangladesh 2021. The wise move of offering waive on taxes for the software development companies has been a major boost. With the pace at which digital advancements are taking place, the IT industry in Bangladesh greatly holds a promising future.
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A huge job platform has been created through the IT sector and boosted the entire economic and industrial growth.
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Bangladesh's government has played an active and consistent role in bringing improvements in the IT sector over the last few years. The dream of transforming Bangladesh into a digital one has been a key component of Vision 2021 set by the government, which visualized the hope of transforming the country into a middle-income one. In order to ensure the effective implementation of this vision our Honorable Prime Minister, Sheikh Hasina laid out four crucial targets for Digital Bangladesh. The first objective stated the need for setting up proper human resources ready for the digital world. Secondly, it described the matter of interlinking everyone in ways that will truly matter and add value to their lives. Thirdly, it discussed ensuring and offering services that will reach almost all the citizens of the country. The last objective focused on empowering the private sector to be more proficient and well-structured through the utilization of digital technology. Apart from the crucial objectives provided by the government to bring the development to the ICT sector, numerous other factors were playing an important role in driving the growth as well. Some of which were cheaper rates of operation cost and tax benefits, a growing number of skilled manpower, fast adaptation to IT technologies in different sectors, a rosy scenario in the export side, and Special Economic Zones (SEZs).
The digital experience in Bangladesh has drastically changed over the years with the speedy growth in the formation of software development companies. In addition to that, a significant increase in the number of highly skilled engineers, developers, and other IT professionals has also been noticed. The IT talent pool in Bangladesh has been greatly recognized both by the local and global marketplaces. More people are getting interested to pursue their career in this track and thanks to the presence of such a high number of companies that are providing job opportunities to those talents, ultimately cultivating a brighter future for the entire nation. A brief description of some of the top-notch software development companies in Bangladesh has been discussed below. a) DataSoft: A great software development company that works for various reputed clients of the country like Citi Bank, DHL, Eastern Bank, British American Tobacco, bKash, and many others. DataSoft has received its certification from ISO and has also made other achievements in terms of making it to the 5th level of CMMI. The company provides amazing ERP solutions, logistics support, and other forms of financial ecosystem to their clients. b) Dream71: This software company is full of young talents who are actively engaged in making innovative software for different companies. The company services are not confined to Bangladesh only, they also serve clients from other countries. c) Databiz Software: This is one company that is both ISO 9001:2008 and ISO 27000:2013 certified. They provide their software services to companies like Banglalink, the University of Dhaka, etc. They gained popularity due to their flawless delivery of products and services. The company has over 1500 employees working with them. d) Brainstation-23: This Company has become quite popular in the market over a short period. Countries like the Netherlands, Canada, UK recognize the company with a strong level of goodwill. More than 150 developers work for their clients, which include Grameenphone, City Bank, Robi, and several others. e) TigerIT: Lastly, one of the most renowned and top software development companies in Bangladesh, Tiger IT. This company is known for holding its strong stability in the market for such a long time. They are operating in this line of business for over 10 years and have established a reputation in the market as a tech expert. TigerIT generally works with government projects and is also considered as the initiator in biometric in Bangladesh and Automated Fingerprint Identification System. They are viewed as a highly reliable company in the tech sector that works for governments of countries like Bangladesh and Nepal.
Bangladesh Japan Information Technology (BJTI) is a top software company in Bangladesh that has truly set a benchmark of Bangladesh IT services in the global arena. BJIT has brought revolutionary changes in the offshore software development sector in Bangladesh, so much so that Bangladesh no longer requires striving and fighting through the cut-throat competition with neighboring countries anymore. BJIT has earned a huge level of goodwill and reputation in the global marketplace, attracting furthermore interest of globally renowned companies to work with more new crucial projects in the days to come.
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