IT industry to see fivefold growth by 2025: report
The country's IT industry would generate revenue worth around $1.1 billion this year and it has a fivefold growth prospect to reach around $4.8 billion by 2025.
The information was revealed yesterday in the whitepaper titled “Betting on the future-the Bangladesh IT/ITES industry is poised for growth”, prepared by the Everest Group with the cooperation of US based Boston Consulting Group.
The report was made through interviewing local companies and government stakeholders. The government is taking preparation to cope with the emergence of the fourth industrial revolution, State Minister for ICT Zunaid Ahmed Palak said at the launch of the report at Janata Tower in the capital.
The IT sector is developing fast in the technologically advanced countries and Bangladesh is taking preparation to cope with it, the state minister said.
He said a magnificent development has taken place in Bangladesh's IT sector during the last nine years and there are lots of success stories in the sector.
The government has put emphasis on Big data analytics, Internet of Things and artificial intelligence to adapt to the emergence of disruptive technology, Palak said.
The research should be conducted on hardware manufacturing and research and development, he said. He said the whitepaper is an unbiased reflection of Bangladesh's potential for emergence as an ICT hub and depicts how the Digital Bangladesh Vision has become a reality.
He also urged everyone to utilise the whitepaper and promote the IT industry in Bangladesh both locally and globally.
The whitepaper provides context on the current scenario of the country's IT and IT-enabled services sector, Bangladesh's unique value proposition and the challenges and opportunities for the industry going forward, said Prashray Kala, practice director at Everest Group.
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