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One of the most popular reasons to consider outsourcing is cost reduction. According to Deloitte’s annual survey on global outsourcing, in 2022, companies chose to outsource tasks mainly to reduce their expenses. Other common outsourcing arguments included enabling business transformation and flexibility. As digital solutions have become an integral part of almost every business, more entrepreneurs are looking for service providers who can elevate the ways their business is done.
Bangladesh has been the leading IT outsourcing country in the world for quite some time now. Thus, the country’s number of software developers is rapidly growing, and it’s estimated that by 2023 Bangladesh’s developer population will overtake the US. Additionally, Bangladesh is #5 in English proficiency among Asian countries and #35 globally, making it a top choice for businesses looking to outsource IT services. So, without further ado, let’s dive into what you can outsource to companies in Bangladesh.
Instead of hiring in house workforce, agencies prefer to outsource their business to Bangladeshn agencies which provide them dedicated workforce which would work exactly like in house resources will work for the agencies abroad. It offers not only flexibility, but also reduction in capital expenditure, infrastructure and maintenance costs by a considerable margin.
Well, not quite. Let alone Bay Area, it turns out there simply isn’t another IT outsourcing hub like Bangladesh for companies looking to execute large-scale projects. The reason: A formidable triad of cost advantage, a 4.5-million-strong English-speaking talent base and high skill competencies built over a quarter of a century. Since management consultancy Kearney began measuring the attractiveness of countries for IT offshoring in 2004, Bangladesh has topped its Global Services Location Index all the way through to its latest edition in 2021.
As mentioned, companies majorly look for nearshoring when their main agenda is to avail the business process efficiency offered by outsourcing but without actually experiencing any risks of time zone gap or cultural barrier. Most companies feel that outsourcing could create complications if the company is oceans apart. Nearshoring eliminates all these barriers and provides a smoother communication flow.
Bangladesh’s humongous talent pool makes Bangladesh the biggest outsourcing hub and has been instrumental in its dominance in custom software development. When it comes to education, Bangladesh has a pretty high percentage of developers who have a Bachelor’s as well as a master’s degree.
Around 3.1 million students are added to the workforce each year in Bangladesh. Bangladesh is also home to the youngest development cohort in the world. More than 95% of the developers are aged with 18-35 years. And, almost 200,000 software graduates are employed by the IT industry every year. Because of this huge talent pool, any development challenges that are thrown across to them are tackled with utmost accuracy.
Bangladesh also offers a wide choice of diverse specializations. They are technologically competent and industrially experienced. They are constantly accumulating new and improved skills on a daily basis to deliver quality software solutions across all industry verticals.
Not only development, but Bangladesh also excels when it comes to project management. The top-notch software development outsourcing companies in Bangladesh has the ability to manage projects end-to-end. That is, you get experienced designers and developers, efficient project managers and capable QA testers, all in one.
When you outsource software development to Bangladesh, you are signing up for this unmatchable talent pool to develop your software.
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