Potential of IT Outsourcing in Bangladesh
Summary
There’s a huge global market for digital outsourcing and Bangladesh has already become the second-largest supplier of online labor, according to the Oxford Internet Institute (OII). For instance, technology and software development is dominated by Indian freelancers, while Bangladesh is the top supplier of sales and marketing support services but IT outsourcing is also there. And IT outsourcing / Bangladeshi software development industry is also stepping up to compete and grow even far in the global competition. Let me try to enlighten you with my tiny knowledge about these two terms- Outsourcing for any business practice involves contracting with another company to do some of the company’s work in order to reduce costs, improve efficiency and gain time. Now, Bangladesh surely can claim to be a key destination for global IT investment and IT outsourcing considering the huge presence of youth, a growing English-speaking population, and competitive cost for skilled resources.
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