ICT as Business Sector

Though the current size of Bangladesh IT Industry and software/ITES industry
in particular is still lot smaller compared to the
overall economy and the number of
population (over 140 million), over the last few years the industry has grown
considerably and is expected to grow at that rate for
some time. It is estimated that
during the last five years the average yearly growth rate of software & ITES
industry has been over 40%. The growth has been driven by both good export
trends in recent years as well as the growing IT automation demand in domestic
market (local demand has been led by large automation projects by telecom,
banking and export oriented garments/textile industry). Currently there are over
four hundred (400+) registered software and IT-enabled services (ITES)
companies in the country employing over 12,000 ICT professionals. Software and
ITES account for around 39% of the total IT market (excluding telecom) that is
estimated to be over 300 million US dollars.

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