The impact of Covid-19 on tech industry in Bangladesh

Abstract

Tech business in Bangladesh was in a blooming state. As the number of people entering e-commerce increases, so does the need for technology to stay increasing. Also people needed upgraded technologies to transform their ideas into real life which made their communication easier for them during the pre pandemic days. But when the pandemic of covid 19 hit the country it completely changed the scenario of the business sector. This report aims to present the statistics and conditions through which the tech industry is going through during this pandemic and how they are handling it and its impact on the business. The report not only represents the conditions of Bangladesh during the pandemic but also highlights its impact on a global scale. It shows which particular sector has been affected in the short term and makes predictions of what can happen to that particular branch in the long run for the technological sector. In this report I have scrutinized the underlying causes and its possible outcomes. The rise of the sector is shown in details .The research consists of data and graphs that shows how a particular company and at large the entire tech industry sector in the country has been positively affected by the pandemic. The report portrays that the situation of the tech industry in the country is better as they have experienced a boom in the tech world as flow of cash has increased in some cases. Many new IT projects have started due to the lockdowns in places as people were working from home.. In short the pandemic did not only positively affect developing countries like Bangladesh but also bought the tech industry throughout the world.