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Software company in Bangladesh have been making waves, but they also have to deal with a lot of misunderstandings, since the blooming of the industry. These false beliefs, like saying that they are only local or not having enough trained professionals, give a skewed picture. This article goes into more detail and busts 17 of the most popular myths about software companies in Bangladesh.

Hold on tight, because we’re about to show you the full potential of this exciting and quickly rising sector, with its global reach, wide range of skills, and dedication to new ideas and doing things the right way. Let’s change the story, one fact at a time!

Misunderstood Facts About Software Companies in Bangladesh – Top 17

Bangladesh’s software business is growing very quickly, which makes it an important part of the country’s economy. But there are a lot of false ideas about what these companies do and how they work. These are 17 things that people often get wrong about software companies in Bangladesh. 

They Focus on Domestic Markets Only

A very common misconception about software companies in Bangladesh is that they are focused on the domestic market only. As a result, most local businesses tend to believe they do not offer global-scale solution capabilities – which in fact is untrue.

Despite what some people think, top software companies in Bangladesh don’t just work in their own country. A lot of them have become global businesses that serve customers in the US, Europe, and Australia. This is more than just giving cheap solutions; it shows that they can provide high-quality goods and services around the world, competing well in the global market. A large number of companies have already shifted towards international marketing and developing solutions on the level of Silicon Valley IT companies.

They Are All About Low-Cost Solutions

When we consider businesses in Bangladesh and what they offer, the first thing that comes to our mind is cost-effectiveness. Ideally, Bangladesh has built a reputation across the globe for being a low-cost alternative to some first-world business organizations. On the contrary, the focus was moved a few years ago. The emphasis on Bangladeshi software businesses has shifted from their initial cost-effectiveness recognition.

At present the top software companies in Bangladesh no longer entertain the cheap solution buzzwords. Creating long-term customer connections, providing new ideas, and delivering high-quality work are now their top priorities. With this change, they are establishing themselves as more than just an affordable alternative; they are establishing themselves as trustworthy partners that can provide fresh ideas that measure up to global benchmarks.

They Don’t Have Skilled Professionals

When you look more closely, the idea that Bangladesh’s IT industry lacks talent falls apart. Universities offer strong computer science programs that serve as a foundation, and specialized training institutes fill in the gaps with skills that are specific to business. Bangladeshi professionals also stay ahead of the curve thanks to a culture of constant learning. This lets software companies put together teams of highly skilled people who can compete on a global level.

They Focus Mainly on Web Development

Bangladeshi software companies are doing more than just making websites, though web creation is still one of their main skills. They now have a lot of different skills, such as making mobile apps for today’s users, making custom enterprise software for businesses with complicated needs, and using cloud computing to handle data more efficiently.

Some businesses even work with artificial intelligence to show they are dedicated to new ideas and staying on the cutting edge of technology. Because of this, they are well-rounded players in the tech world and can meet the needs of a wide range of clients.

They Run in an Unregulated Environment

Some people might think that Bangladeshi software companies work like the Wild West, with few rules. But the truth is quite different. For businesses to grow, the government enforces rules that make things more clear, which helps companies and customers trust each other. These rules also encourage investment, bringing in money from both inside and outside the country to help the business grow.

They also guarantee intellectual property rights, which keeps software companies’ new ideas safe and encourages them to spend money on research and development. The overall success of the Bangladeshi software industry is due in large part to these steps, which make the business environment stable and helpful for companies to run and grow.

All of Them Are Startups

People often think that all software companies in Bangladesh are nothing but startups, but this is not true. The country has a healthy startup environment, but there are many other types of businesses as well. There are both well-known companies with world reach and exciting new businesses that are just starting out. This variety shows that the business is mature and has room to grow, providing a wider range of skills and knowledge to meet the needs of different clients. 

All Are Based in Dhaka

Even though Dhaka is a major hub for software companies in Bangladesh, the industry is much bigger than the city. Businesses are now thriving in many cities across the country, making them more spread out geographically. This division not only increases the number of qualified people but also helps different parts of Bangladesh’s economy grow, giving a fuller picture of the industry’s reach and influence.

They’re Dependent on Outsourcing

It is not true that all Bangladeshi software companies do is outsource their work. Outsourcing is a big part of the business world, but the industry has grown and now has a strong home market. A lot of businesses make software for local businesses and government bodies, which helps the country’s digital infrastructure grow. 

Also, Bangladeshi companies are making and releasing their own software goods more and more, showing that they can do more than just complete projects that are outsourced. This wide range of companies gives a fuller picture of the thriving Bangladeshi software business.

They Are Not Employee Friendly

One of the misconceptions about Bangladesh software companies is that, they are not employee friendly at all. There might be some complaints regarding IT companies in Bangladesh but there is no way we can generalize this and say something like this about the best software company in Bangladesh.

Over the years, Bangladesh has built a reputation for developing solutions for the global market. Thus, they all had to be complaint with international culture and a large number of companies have successfully made it happen. Noteworthy names are Brainstation-23, AKIJ iBOS, Analyzen, Vivasoft Limited, Ontech Solutions, Ollyo, Enosis Solutions, etc.

They Rely on Freelance Workers

As one of the largest remittance sources in Bangladesh is the income of freelance workers, it is often understood that IT companies in Bangladesh also rely on freelance workers to execute their projects. However, this is a very wrong understanding of the fact which is actually untrue.

Bangladeshi software companies largely depend on their own software developers, project managers, product managers, SQA engineers, and DevOps engineers. This is evident in the education system as Bangladeshi education institutes have also emphasized technology-based subjects and practical learning. At present, a large portion of local graduates are working in the best software company in Bangladesh and contributing to the national GDP.

They Miss Strong Leadership

It’s too broad to say that all Bangladeshi software companies don’t have good leadership. There are many companies in the business that are run by people with impressive credentials and experience. These leaders have guided their businesses to success in both domestic and foreign markets, making deals with big players around the world to work together.

They are involved in industry forums, where they share their knowledge and help new ideas come up. There may be companies in different stages of growth with different leadership styles, but it’s not fair to write off the whole business with one broad statement.

They Are Not Innovative Enough

It is clearly not true that Bangladeshi software companies don’t come up with new ideas. Bangladeshi developers regularly rank highly on sites like GitHub, which shows that they are using new technologies. 

Also, businesses are coming up with new ways to solve problems in many areas. In fact, Bangladeshi software companies are showing off their creativity and technical skills more and more, whether they are making software for their own use or for the world market.

They Can Not Make a Profit

While many conventional businesses fail in Bangladesh on a very regular basis and often cannot turn their gross loss into profit, software companies in Bangladesh are vastly exceptional. Many people believe Bangladeshi software companies fail to make a profit due to high expenditure, low turnover, and many other factors. Although a handful of them have truly failed due to these reasons, that is not the case for all of them.

Top software companies in Bangladesh are turning all odds, overcoming the high operational expenditure, and eventually making profits. This has become possible due to their innovative solutions being used globally by millions of users. On top of that, some Bangladeshi software companies have also enrolled in the stock market to raise more investment. This resulted in them, making up the losses and eventually making a profit on the business.

Final Words

People in Bangladesh have wrong ideas about what the software business can do because it is growing so quickly. The goal of this blog was to bust these myths by showing how the industry is global, has a wide range of skills, and is dedicated to new ideas.Read More »Top 17 Misunderstood Facts About Software Companies in Bangladesh