Bangladesh IT Industry: Companies and Data

Bangladesh-based IT companies started to export software around two decades ago, joining the Business Process Outsourcing activity in the 1990s. In this period, the country diversified its services and became specialized in many areas of the IT sector. 

Based on a report delivered by Everest Group, in 2019, the value of the entire IT market in Bangladesh was $0.9 - 1.1 billion and is expected to grow to $4.6 billion by 2025. Also, the market registered a growth of 8,6% in the last year.  

Additionally, the government showed strong support for the local IT industry by promoting policies that facilitate the access of tech giants to the market and attracting investments. While most of the industry is focused on supporting in-country services, a significant number of IT players support regional and global development. 

Why Should You Work With Bangladesh-based Web Agencies & Companies?

Most of the Bangladesh companies provide the same services as other global players do, but at a significantly smaller price, which makes these companies a good destination for budget projects that focus on quantity more than on quality. 

What to Be Aware of When Working With Bangladesh-based Agencies

While the industry has improved its performance and seeks to compete with global IT destinations, Bangladeshi companies lack proficient management skills and high-end specialists who can provide a great experience.

Are Bangladesh-based Agencies Reliable? 

The number shows that a lot of web agencies are being founded and relocating to Bangladesh due to its cheap workforce, which means that locally, you could find good companies for great prices. On the other hand, relatively low management & IT knowledge of locals can be a reason to give a second thought about working with a Bangladeshi web agency.

How the Bangladeshi IT Sector Relates to the Neighboring Countries

The ability to operate for significantly lower prices (20-30% cheaper) than India & Philippines made Bangladesh a good destination for outsourcing in the last 5 years for ICT companies from all around the world.  

All in all, Bangladesh is a promising country in terms of IT infrastructure and human potential, but it lacks discipline and business culture. Also, compared to other cheap resources that make a competition for Bangladesh, the country is expected to be among the most developed in Southeast Asia in the near future.

e-Commerce development services encompass the creation and enhancement of online platforms that enable businesses to sell products and services over the internet. It is closely related to web development, mobile app development, payment processing, and digital marketing.

According to Forbes, by 2026, the U.S. e-Commerce market is expected to reach the value of $8.1 trillion.

Businesses can experience numerous benefits by leveraging e-Commerce development services from specialized IT companies:

• Global Market Reach: Online platforms enable businesses to reach a vast customer base worldwide, breaking geographical barriers.
• Enhanced Customer Experience: User-friendly interfaces, personalized recommendations, and streamlined checkout processes boost customer satisfaction and retention.
• Increased Sales and Revenue: Effective e-commerce platforms drive conversions, upselling, and cross-selling opportunities, leading to revenue growth.
• Scalability and Flexibility: Robust e-commerce solutions accommodate business growth, adapting to changing market demands and expanding product catalogs.
• Streamlined Operations: Integrated inventory management, order processing, and automated workflows streamline operations, improving efficiency.

When selecting an e-Commerce development service provider for a project, you may want to consider the following criteria:

• Experience and Expertise: Look for companies with a proven track record in developing successful e-commerce platforms, preferably in your industry.
• Technology Stack: Assess the provider's proficiency in popular e-commerce platforms (e.g., Shopify, Magento, WooCommerce) and their ability to customize solutions to your specific requirements.
• Design and User Experience: Prioritize companies that excel in creating visually appealing, intuitive, and mobile-responsive e-commerce websites.
• Security and Payment Integration: Verify that the provider adheres to stringent security standards and can seamlessly integrate secure payment gateways.

TechBehemoths.com can assist in choosing the best e-Commerce development companies for your projects. With a vast directory of over 12,000 IT companies offering e-Commerce development services, it simplifies the selection process.

The platform provides comprehensive profiles, client reviews, and ratings to help you evaluate and compare different service providers. You can leverage the advanced search filters to narrow down your options based on industry expertise, location, and project requirements, ensuring a tailored match for your e-commerce development needs.

What is an e-commerce platform and what are the most common ones?

An e-commerce platform is a system that enables businesses to sell their products or services online.

If you’re looking to create an online shop or use an e-commerce platform, you have multiple options depending on your budget, technical skills, and business needs. For example, if you are a beginner and want a small online shop with little expenses, you can start your online store on Shopify, Wix, Squarespace or BigCommerce.

More advanced e-commerce platforms offer more control and complex features but require more technical knowledge. Some of these are: WooCommerce, Magento, OpenCart. These options are good for larger businesses, or those who want to scale/upgrade their platform from a basic to a more professional solution.

Enterprise e-commerce solutions, such as Salesforce Commerce Cloud, and SAP Commerce Cloud are great for large selections of products.

Another option is e-commerce as a service, where you can separate the front-end (what users see) from the back-end (payment, inventory). For this you can use Shopify Plus or BigCommerce Headless.

Below is a table with the most popular e-commerce platforms and their target audience:

Here are some stats on the usage of 2 popular ecommerce platforms by country.

WooCommerce

Magento

What is the cost for e-commerce development services?

Given the commercial nature of the projects, e-commerce development services are not cheap. The price is based on multiple criteria like service provider location, the complexity of the project, team size, etc.

In Germany for example, expect to pay around $90 / hour for e-commerce related services.

In the US the price can be significantly higher and in India it could be significantly lower.

How to choose the right service provider?

TechBehemoths offers a set of tools to help you shortlist the right companies for your e-commerce related projects. You can use advanced filters to narrow down your search results or Submit your project to get a list of companies that are best suited for your project requirements.