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.

Web development is about creating, building, and maintaining websites or web applications using programming languages and web development frameworks. The main reason why web development services are popular is the need for businesses to establish their presence on the web. 

Building a website or a web application involves creating the user interface (UI) and user experience (UX), including the layout, colors, fonts, and images. It also consists in optimizing these elements for mobile and desktop, making the interface accessible to users, and facilitate the interaction between the user and the application. On the back-end, it involves scripting, server configuration, and database management. At the same time, it includes testing, maintenance, and ensuring overall functionality.

According to recent studies, over 4.7 billion people worldwide have access to the Internet. So, it’s obvious that having a well-designed and developed website is essential for any business that wants to succeed online.

On top of that, the number of mobile internet users is constantly growing, with approximately 92% of internet users accessing the web through their smartphones which proves the importance of responsive and optimized websites on mobile devices.

In a nutshell, a web developer, which is providing development services is responsible for:

• Establish a company's online presence via a web application
• Improve and optimize the performance of the website or web app
• Update and maintain the well-functioning of the website or web apps

In addition, depending on the terms of a contract between a company and a web developer, the second can assist with: 

• Backup the data of the website
• Operate changes to the UI
• Migrate the website to another domain or platform

Usually, a web developer should have both soft and hard skills. The soft skills are related to communication and reporting, while the hard skills help in the development process.  

If you choose to work with a web development company, make sure to keep in mind the following criteria in the selection process:

• The company should have experience in developing websites or web applications that are similar to yours.
• A solid portfolio that proves examples of their work.
• Communication abilities enough to pass through cultural, linguistic, and time-zone barriers.
• Transparency and proven track record

Carefully evaluating these factors, you can choose a Web Development company that best aligns with your needs. There are more than 18699 companies on the TechBehemoths platform that offer a wide variety of web development services.

 Explore their detailed profiles, and client reviews, and feel free to get in touch with them. We’ve created also a powerful filter that you can use to narrow down the results based on your requirements and shortlist the companies. 

Alternatively, you can submit your project and our team will select and send you the best matching companies in about 1 hour. It’s free and there is no obligation to hire.

We also invite you to read an insightful survey conducted by TechBehemoths in order to identify How IT Companies Use Web Development Technologies - 2022 survey.