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Bangladeshi economy is going to change significantly due to stepping into the digital economy in the coming years. There’s a substantial worldwide market for IT outsourcing and Bangladesh has already become the second-largest supplier of the online service provider, according to the Oxford Web Institute (OII). There are 500,000 active freelancers who are working regularly, out of 650,000 registered freelancers in the country. These active freelancers are generating $100 million yearly, according to the Bangladesh ICT Division.
We are second to India however serving 16% of the worldwide market at this moment in time. Lots of countries now are focusing on different sectors of freelancing services. Innovation and software advancement is dominated by Indian freelancers, while Bangladesh is the top provider of sales and marketing support services however IT outsourcing is also there. And IT outsourcing/ Bangladeshi software application development industry is likewise stepping up to contend and grow even far in the worldwide competitors.
While freelancing is a buzzword in Bangladesh, there is a small distinction in outsourcing & & Freelancing. Let me attempt to enlighten you with my small understanding about these two terms-
Outsourcing for any business practice includes contracting with another business to do some of the business’s work in order to lower costs, enhance performance and gain time.
Whereas freelance is an alternative for both employer and staff member to get linked for a smaller sized scope of work. Here, a freelancer works as an independent worker and have no hard and fast commitment for doing the work. If a freelancer does his/her job well he/she makes money otherwise there is no fortune there for him/her.