Since Bangladesh is a developing nation , the opportunity for the development of local and international trade and business, like all other LDC’s, is increasing. Although it faces some barriers like infrastructural, cultural, and outlook problem, recent steps taken by the government may change the situation”. Thongs are started to roll in Bangladesh, many of the businesses are using e-commerce as their main tool for trading.
The telecommunication infrastructure any country
affect the Internet services directly, cause it is largely depended on it. The
telecom adoption rate increased substantially in the recent years, meaning more
people are close to the edge of using e-commerce or participate in e-commerce
activities.
The number of internet users is increasing in
Bangladesh. In 2000, the number of internet users was close to 30000, which is
now (as of 2010) close to 995,560. This increase in internet usuage
triggered the use of different e-commerce sites previous mentioned in this
assignment.
Exponential growth of internet population and
utilization of its potentials in various sectors induce Bangladesh to be
connected with information super highway, thus performing business and
transactions over internet has become easier particularly for B2B sector.
Although hype is existed among different stakeholders of various countries
around the world in participating electronic communication and transactions,
the trend, size and volume of transactions are varied. It is apparent that the
developed countries like United States and Europe are presently the market
leader of e-commerce.
Exponentially increasing trend of internet
population and usage of its various utilities formed a broader community,
called e-community and tempted transforming its function to a brand new market
arena from being operated as a medium of communication. The special advantages
of e-commerce like, Opportunity to operations, easy global reach, lower cost of
acquiring, serving and retaining customers, easy to build an extended
enterprise, improve customer service and de-intermediation tempt the world
business community to adopt e-commerce. Basing on an extensive survey
investigating e-business opportunities through a structured research instrument
the study will report Lower communication cost, Easy global reach, Increase
customer base, Increase sales, enhance company image, Achieve future business
potential are the major benefits of e-commerce adoption in Bangladesh.
Despite being a poor country, selected segments
of the Bangladeshi business community has embraced technology with reasonable
success. The Facsimile in the 1980‟s
and mobile telephones in the 1990‟s
popularized modern technology in the mass market. Personal computers and
the Internet are also emerging as day-to-day business tools. These positive
indicators are favoring the prospects of e-commerce in Bangladesh.
The current state of the regulatory environment
in the financial and technological sectors of Bangladesh. Necessary reforms in
order to introduce e-commerce have also been suggested. Lack of awareness among
the policymakers has been identified as the major deterrent to introducing
e-commerce. Conventional understanding of payment mechanisms raises false
alarms against the flight of capital if e-commerce is implemented.
Synergy between telecommunications and
information technology has the proven capability of monitoring and administering
the real-time transactions. Therefore, liberalizing the telecom and IT sectors
as well as reforming the country’s financial and commercial procedures is the
preconditions of successfully implementing ecommerce in Bangladesh.