Why Bangladesh is the best place for software development

The reason behind the rapid economic growth- Software Industry

When it comes to software, then the best place for its development is in Bangladesh. Being the 8th most populated country globally, the development of Bangladesh in the software industry has been very rapid. The economy of Bangladesh is among the seven fastest-growing economies of the world. A massive hand for this fast development in the economy is due to the software industry. As for providing the best quality in any software along with reasonable pricing, the demand for software is growing more and more day by day.

Major sectors controlled by the software development industry

According to the Oxford Internet Institute statistics, the contribution of outsourcing to the global world by software developers of Bangladesh is around 16.8%, which is actually a lot. This ratio is very good as it is close to India's ratio, which is 24.6%. Other than the global achievement the software development in Bangladesh has played a significant role in many sectors of the country. Some of the major sectors that are now mostly controlled by software in Bangladesh are:

1. Education: When it comes to Engineering and technology, this sector has massive popularity in Bangladesh. As this is the age of Science and Technology, it is evident that without software growth, it is not possible to earn more knowledge and get access to many resources. Most of the ministry websites are developed locally, and all are regular updates. Other than that, more and more online education platforms are being created by the talented software developers of Bangladesh. So if you are talking about the software part of the education system of Bangladesh, then you will see that the growth is immense.
2. Infrastructure: Bangladesh is no more a country without internet. Starting from city to rural areas, there's internet connectivity in each corner of the country. As the development in the Internet and Information technology sector is amongst the highest priorities by the government, there's network connectivity everywhere. Other than that, now every area covers 4G Internet connectivity. Soon it will be boosted by 5G. So day by day, more and more people are getting the opportunity to work remotely and develop more high-quality software.
3. English Communication: It is indispensable to know the most important international language, which is English. When it comes to the freelancers and software developers of Bangladesh, they are very skilled in communicating in English. They are not any step behind from any other country when it comes to communication. Most of the clients are very much satisfied through healthy and understandable communication in English by the software developers and freelancers of Bangladesh.
4. Cost: Now, there should be no reason that Bangladesh's software developers are unsatisfied with their salaries. They are paid very well and which is in fact very much affordable also. Whether the task is remote or full-time, software development in Bangladesh is very affordable. That is why most of the clients complete their work by the software developers of Bangladesh.
5. Access to resource: There are many online and offline resources when it comes to the development of software. The talented developers made it easy for the users by providing them access to the general user's software development process. Other than that, many free classes are provided by programmers to teach the developing process of software to the young generation. For that, they many come close to this field, and thus the development will boost up in another level.

The demand of IT sector and software developers in Bangladesh

Every company is equipped with a certain amount of developers. Not all of them have the best one. There are more than 800 registered software companies in Bangladesh. Among them, there are a few software development company in Bangladesh. Other than hundreds of unregistered software companies directly or indirectly working with the local market and the global market. All of them are not in the top category. Only a few of them are the best when it comes to service and quality. The recent statistics show that around thirty thousand professionals are actively working in the country's IT sector. Just only the IT Company in Bangladesh is worth more than $250 million. The software industry of Bangladesh is filled with the best and talented graduated employees. Their lead in this field helped to boost the software development sector to an extended level.

What development is done by the software industry?

According to the BASIS report, it has been shown that there are around 70% of companies are working in the maintenance of software for both global and local clients. Only a few percent and the extraordinary companies are engaged with the development of new and latest software that is essentially needed in the country's development. Previously there was no dimension of mobile banking in Bangladesh. But the recent progress in the banking sector clearly shows that how important a role software has played here. It is way more manageable when it comes to money transactions, and it can be done from anywhere in the country, and it has only been possible due to mobile banking. This sector got boosted after some talented software developers worked out to get a solution for the easiest way for sending money from any corner of the country.

Development of various software by various companies

Other than the banking sector, many platforms are handled by the software development industry of Bangladesh. There are many e-commerce, e-learning, and other essential software that the country has developed by their own developers. From previous times to recent times, the statistics show that Bangladesh's software industry has gained a growth of more than 30% in the market. Every company focuses on different things, so for the pharmaceutical and textile industry, ERP software development is being carried out. The software development sector of Bangladesh also controls the financial management system and the HR information system.