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.

Logo design is a powerful visual communication service that effectively conveys a brand's message to the audience. It combines text, color, shape, and illustrations, creating a self-explanatory image that establishes a connection between the brand and viewers. Logos play a crucial role in brand communication by informing and establishing associations with the brand's ideas.

Blue and red colors are widely utilized by 35% of well-known firms in their logos, according to statistics and researches.

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• Price 
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Types of logos

First, what are the main elements of a logo? It has 3 basic elements: fonts, colors, and imagery.

1. Fonts - clearly refer to the style of text you use, from bold and modern to elegant or playful. The style you select sets the tone for your brand.

2. Colors - influence emotions and perceptions, making your brand memorable and filling it with feelings.

3. Images - refer to all the icons, signs, or abstract shapes that make your logo visually unique.

Do fonts and colors influence perception?

Yes, fonts and colors are two of the strongest elements in logo design because they shape how people perceive your brand, having a meaningful psychological impact.

Here are some examples of colors and famous logos and what they communicate to customers:

Bynder revealed that most logos rely on a simple color palette: blue is the top choice (around 39% of Fortune 500 logos), followed by black (25%) and red (16%). White is used as a background in around 70% of designs. 

And here are some examples of famous logos and their fonts, and how they are perceived by their audience:

6 popular types of logo designs

Some of the most common logo design types are:

Why do memorable logos matter?

A brand is not just a logo - it’s a story, an experience, and a connection with people. On the other hand, a logo is just a part of a brand, it can inspire and be memorable, thus contributing to the success of a business.

Starbucks for example is more than just the iconic green logo, it has become a lifestyle brand. It is about the experience of sitting comfortably, enjoying that familiar cup of coffee with your name on it, relaxing, and taking a break. It has become part of the daily routine, loved by Starbucks customers.

What is the cost of logo design services?

A logo design can cost you anything between hundreds and millions of dollars. In 1997, BBC redesigned their iconic logo and paid around $1,8M to Lambie-Nairn design agency to do the job.

The cost of logo design is highly dependent on several factors like geographic location of the design agency, experience, reputation, portfolio, etc.

In LA, California for instance, expect to pay around $70 - 150 / hour for logo design services. In other states/cities the price can be slightly lower.

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