Prospect of Ict Industry in Bangladesh

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PROSPECT OF ICT INDUSTRY IN BANGLADESH

Ariful Islam
ID: 11164063
Section: 1
Subject Code: BUS 502
Subject Name: Managerial Communication
Summer 2011

PROSPECT OF ICT INDUSTRY IN BANGLADESH

Abstract

ICT is one of the most talked about but unexploited industries in Bangladesh. Last two decades have seen lot of initiatives, both in public and private sector, to stimulate growth in this sector. Although some success has been achieved, Bangladesh lags far behind other South Asian countries like India and Sri-Lanka in terms of employment and revenue generation in the ICT industry. Against such background, this paper takes a close look at the ICT industry of Bangladesh. Starting from the formative years of the ICT industry to different measures taken by the government to support this sector, the paper analyzes the prospects of the ICT industry in Bangladesh.

Introduction

ICT industry in Bangladesh is relatively new in comparison to other business sectors. However, the unlimited potential of the ICT sector has commended inquisitive interests from all concerned. The impact of global hype of the ICT sector is clearly visible in Bangladesh as well. In the recent years, the local ICT sector has grown enviably.

With over 3,000 local enterprises operating in hardware, software and ISP segments, the size of Bangladesh ICT industry at present stands at USD 380 million. With the advantage of earlier initiation, the hardware segment dominates the market share (65 per cent) while the relatively late entrant, software segments command about 15 per cent of the total market. The ITES segment (15 per cent) and Internet and Network Services (5 percent) make up the remaining part of the market.

The software segment is relatively new in the market; however, the segment is showing healthy growth in terms of export earnings. According to Bangladesh Bank sources,…...

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