IT entrepreneurship in Bangladesh has come of age and today accounts for Taka 25 billion in annual revenues. The unlimited potential of ICT has commended inquisitive interest from various parties concerned.
Right now, approximately 3,000 local enterprises are operating in software, hardware, and ISP segment which has led the ICT industry to be evolved as a very promising sector in the country’s business industry. It is a relatively new sector, but it has already manifested its strength as it accounts for a significant share in the country’s national income. The software and IT sector of the industry has significantly evolved and is experiencing very healthy growth in terms of export earnings. More and more foreign companies have been outsourcing their IT and software requirements to IT companies in Bangladesh.
Major European companies have opened their markets to IT firms in Bangladesh, which makes the country of the prime global outsourcing destinations. The country’s IT firms have gained considerable recognition off-shore from IP telephony solutions to hardware maintenance services in many countries worldwide.
The positive and growing reputation of IT companies in Bangladesh encourages more and more individuals and companies to venture into IT entrepreneurship. There will be continuously growing demand for IT entrepreneurs and practitioners in Bangladesh as more and more foreign companies decide to outsource IT services.
The educational system of Bangladesh has deeply entrenched links to the English language since the early centuries. This has made English as the de facto second language in the country. English is used as the primary language in the country’s business and trade sector which makes Bangladesh a very attractive destination for IT services and software off-shoring.
Young graduates and professionals from Bangladesh definitely enjoy a considerable advantage when it comes to offering their IT services overseas. Not only do they have the skill, but they also speak the global language. This is very important especially for foreign companies who do not have the luxury of time to entertain queries and clarifications from their contractors.
Bangladesh has been investing in its IT infrastructure over the years. It has recently connected to the Internet Super Highway through SEA-MEA-WE 4 consortium, ensuring global connectivity. The competition among over 150 Internet Service Providers in the country has also resulted to significant improvement in their services. Many IT companies in Bangladesh are working towards strengthening the IT infrastructure in response to the growing demand for IT entrepreneurs and services worldwide.
There is no doubt that IT entrepreneurship in Bangladesh is a very promising venture at present and in the coming years. With the continuous growth and success of the IT industry in the country, more and more people are likely to explore opportunities in the IT sector.
