Bangladesh ICT Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

The Bangladesh ICT Market is Segmented by Type (Hardware, Software, IT Services, Telecommunication Services), Size of Enterprise (Small and Medium Enterprises, Large Enterprises), End-user Vertical (BFSI, IT & Telecom, Government, Retail and E-Commerce, Manufacturing, Energy and Utilities). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Bangladesh ICT Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

Bangladesh ICT Market Size

Bangladesh ICT Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 1.83 %
Market Concentration Medium

Major Players

Bangladesh ICT Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Bangladesh ICT Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Bangladesh ICT Market Analysis

The Bangladesh ICT Market is expected to register a CAGR of 1.83% during the forecast period.

  • The increasing demand to explore and adopt digital technologies and initiatives, the increase in the overall demand for digitalization and scalable IT infrastructure, the wide adoption of the 4G and 5G networks, and the rising penetration of technology giants are boosting the growth of the ICT market significantly.
  • According to the IMF (International Monetary Fund), Bangladesh's GDP is expected to grow to USD 4171.06 by 2027. The county's GDP is growing significantly with increasing IT investments, creating new growth opportunities for the Bangladesh ICT market.
  • Key players in the ICT market are taking initiatives to deploy 5G services in Bangladesh. For Instance, Grameenphone began 5G trials in all divisional cities to escalate the transition of "Smart Bangladesh." In July last year, Grameenphone carried out the nation's first 5G trial run with a few use cases in Dhaka and Chattogram.
  • Government authorities are working with private IT and telecom service providers to expand their telecom sector. For Instance, BASIS (The Bangladesh Association of Software and Information Services) held a special event in London to promote Bangladesh's ICT industry in the United Kingdom.
  • The COVID-19 pandemic had minimal impact on the Bangladesh ICT market. But during the COVID-19 lockdown, the government of Bangladesh developed a roadmap to fight the pandemic and ensuing crisis and to find innovative ways to overcome this problem. The software Industry is one of the 18 priority sectors selected based on the impact of COVID-19 on the sector and its potential for transformation of the economy and society. The software industry in Bangladesh has a remarkably optimistic future in terms of growth potential. Industry experts estimate that the overall revenue reduced by 20 to 25% due to the COVID-19 pandemic. 
  • Without the proper intervention of the government and adaptive policy, reformulation has a great role to play in accomplishing the goals and creating new growth opportunities for the ICT market.

Bangladesh ICT Industry Overview

The Bangladesh ICT market is moderately competitive and moving toward the fragmented stage as the market currently consists of various significant players. Several key players in the ICT market, IBM Corporation, Google LLC, Oracle, Cisco, and Microsoft Corporation, are putting constant efforts to bring advancements. 

In August 2022 , Colocity, a Dell and Microsoft cloud service partner, launched the Microsoft Azure stack hub hybrid cloud in Bangladesh to assist local businesses in enhancing productivity by securing data at a low cost.

In August 2022, Microsoft opened a Microsoft for Startups Founders Hub in Bangladesh, continuing to promote innovation among Asia's most talented startups.

Bangladesh ICT Market Leaders

  1. IBM Corporation

  2. Google LLC

  3. Oracle

  4. Cisco

  5. Microsoft Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Screenshot 2023-01-13 142626.png
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Bangladesh ICT Market News

  • August 2022: eGeneration, one of Bangladesh's most prominent software technology companies, received awards for three prestigious partners of the year at the recent "Microsoft Partner Leadership Forum Bangladesh" event at the Sheraton Hotel in Dhaka.
  • November 2022: Tech Mahindra, a prominent provider of digital transformation, consulting, and business reengineering services and solutions, signed a Memorandum of Understanding (MoU) with Axiata Group Berhad to co-develop and market innovative 5G enterprise solutions across Malaysia, Sri Lanka, Bangladesh, Nepal, and Cambodia.
  • December 2022: iDEA (The Innovation Design and Entrepreneurship Academy) Project of Bangladesh Computer Council (BCC) under the ICT Division and Microsoft signed a Letter of Intent (LOI) to extend support to deep technology startups and accelerate homegrown innovations in Bangladesh.

Bangladesh ICT Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Market Definition and Scope
  • 1.2 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Stakeholder Analysis
  • 4.3 Industry Attractiveness-Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Consistent Digital Transformation Initiatives
    • 5.1.2 Robust Telecommunication Network
  • 5.2 Market Restrain
    • 5.2.1 Concerns Relating To Economic Crisis Across the Country

6. KEY TECHNOLOGY INVESTMENTS

  • 6.1 Cloud Technology
  • 6.2 Artificial Intelligence
  • 6.3 Cyber Security
  • 6.4 Digital Services

7. MARKET SEGMENTATION

  • 7.1 By Type
    • 7.1.1 Hardware
    • 7.1.2 Software
    • 7.1.3 IT Services
    • 7.1.4 Telecommunication Services
  • 7.2 By Size of Enterprise
    • 7.2.1 Small and Medium Enterprises
    • 7.2.2 Large Enterprises
  • 7.3 By Industry Vertical
    • 7.3.1 BFSI
    • 7.3.2 IT and Telecom
    • 7.3.3 Government
    • 7.3.4 Retail and E-commerce
    • 7.3.5 Manufacturing
    • 7.3.6 Energy and Utilities
    • 7.3.7 Other Industry Verticals

8. COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles
    • 8.1.1 IBM Corporation
    • 8.1.2 Google LLC
    • 8.1.3 Oracle
    • 8.1.4 Microsoft Corporation
    • 8.1.5 Cisco
    • 8.1.6 Infosys
    • 8.1.7 Skytech
    • 8.1.8 Wipro
    • 8.1.9 Bjit
    • 8.1.10 Amazon
  • *List Not Exhaustive

9. INVESTMENT ANALYSIS

10. FUTURE OF THE MARKET

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Bangladesh ICT Industry Segmentation

The Bangladesh ICT market includes deep analysis of key technology investments such as cloud technologies and artificial intelligence.

The Bangladesh ICT Market is Segmented by Type (Hardware, Software, IT Services, Telecommunication Services), Size of Enterprise (Small and Medium Enterprises, Large Enterprises), End-user Vertical (BFSI, IT & Telecom, Government, Retail and E-Commerce, Manufacturing, Energy and Utilities).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Type Hardware
Software
IT Services
Telecommunication Services
By Size of Enterprise Small and Medium Enterprises
Large Enterprises
By Industry Vertical BFSI
IT and Telecom
Government
Retail and E-commerce
Manufacturing
Energy and Utilities
Other Industry Verticals
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Bangladesh ICT Market Research FAQs

What is the current Bangladesh ICT Market size?

The Bangladesh ICT Market is projected to register a CAGR of 1.83% during the forecast period (2025-2030)

Who are the key players in Bangladesh ICT Market?

IBM Corporation, Google LLC, Oracle, Cisco and Microsoft Corporation are the major companies operating in the Bangladesh ICT Market.

What years does this Bangladesh ICT Market cover?

The report covers the Bangladesh ICT Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Bangladesh ICT Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Bangladesh ICT Industry Report

The Bangladesh ICT market is characterized by a comprehensive market structure and diverse market segmentation. The market overview indicates significant industry growth, driven by various industry trends and market predictions. The market size and market value are essential metrics, as highlighted in the market report and annual report.

Industry analysis shows that the ICT sector in Bangladesh is experiencing robust industry growth, supported by detailed industry statistics and industry research. The market forecast suggests a positive market outlook, with market leaders playing a pivotal role in shaping the market trends.

The industry overview provides insights into the industry size and industry information, which are crucial for understanding the market dynamics. The market analysis and market review reveal that the market share is distributed across multiple segments, including hardware, software, IT services, and telecommunication services.

The report example and report pdf offer a detailed analysis of the market data and market segmentation. The industry reports and industry outlook emphasize the importance of industry sales and the role of research companies in providing valuable market insights.

Overall, the Bangladesh ICT market is poised for continued market growth, with a strong focus on market leaders and market predictions shaping the future of the industry.