Other IT Services - Bangladesh

Bangladesh

The Other IT Services market in Bangladesh is expected to witness a significant growth in revenue, with projections indicating that it will reach US$0.48bn in 2024.
This growth is further expected to continue at an annual growth rate (CAGR 2024-2029) of 9.63%, resulting in a market volume of US$0.76bn by 2029.
Additionally, the average Spend per Employee in the Other IT Services market is projected to reach US$6.10 in 2024.
It is worth noting that in global comparison, United States is expected to generate the highest revenue of US$151.10bn in 2024.
The demand for Other IT Services in Bangladesh is rapidly increasing due to the country's growing tech-savvy population and government initiatives to promote digital transformation.

Key regions: China, United Kingdom, Germany, Netherlands, India

Market

Region

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Currency

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.