October 31, 2021
October 31, 2021
Software Development involves planning, designing, developing, testing, and finally maintaining an application or framework software component. Bangladesh has progressed significantly in the Software Development industry over the last few decades, producing the most latest outgrowth.
Software Development plays a major role in contributing to the national income and also in alleviating the unemployment challenges faced by recent graduates.
The footprint of Software Development in Bangladesh is modest in comparison to the country's population which is 150 million+ and its GDP. However, in recent years, the software business industry in this country has begun to grow fast and contribute significantly more than before.
For the past five years, the average annual growth rate of the software development industry in Bangladesh has been over 40%, and this trend is very likely to continue.
There are around 4500+ software and ICT companies registered in Bangladesh as of today with over 300,000 local ICT specialists and software developers employed by these companies. Together, these companies meet the demand of US $ 1.18 billion worth of software in the local industry.
The country has benefited enormously from this strong growth, earning $800 million in 2017 from software and service exports. The primary export market is North America, but many IT companies have recently begun to export to EU countries and East Asian countries, particularly Japan.
The Government of Bangladesh plays an important role in the growth of Software Development in Bangladesh through its vision 2021 of achieving a "Digital Bangladesh". From developing ICT-based infrastructure and innovation centers to waiving tax for the software developing companies, the Government is establishing the digitalization of Bangladesh in every sector possible to deliver services to the people's doorsteps.