Bangladesh is rapidly becoming a central regional tech hub, with a growing number of startups and a focus on digital innovation. With over 6,500 startups and over 300,000 new jobs created, the IT sector has contributed 1.3% to Bangladesh's GDP. It has already become South Asia's second-largest source of IT freelancers and is considered the region's second most promising technological hub.
According to the President of Bangladesh Association of Software and Information Services, Russel T. Ahmned, the country's IT-Information Technology Enabled Service (ITES) sector could grow to $30 billion by 2031. To accelerate this growth, the government has approved building nine new high-tech parks; six more are currently under construction.