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Industry Landscape
The management consulting and market research industry in Bangladesh is experiencing robust growth, driven by increasing foreign investment, government infrastructure projects, and a growing private sector. Local firms are strengthening their capabilities to compete with international players, focusing on niche expertise and strong local networks. Digital transformation and sustainable development are key trends shaping demand for consulting services.
Total Assets Under Management (AUM)
Management Consulting Market Size in Bangladesh
~Estimated to be around $150-200 million USD in 2023
(8-10% CAGR)
- Driven by infrastructure and FDI.
- Growing demand from local corporates.
- Increased focus on digital transformation.
Total Addressable Market
200 million USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI & Machine Learning for Data Analysis
AI and ML can revolutionize market research by automating data collection, sentiment analysis, predictive modeling, and identifying complex patterns in large datasets, leading to faster and more accurate insights.
Digital Twins & IoT for Infrastructure
The integration of Digital Twins and IoT allows for real-time monitoring, predictive maintenance, and optimized performance of infrastructure projects, enhancing the efficiency and sustainability of engineering solutions.
Blockchain for Supply Chain & Transparency
Blockchain technology can bring unprecedented transparency and traceability to supply chains within large infrastructure projects, improving trust, reducing fraud, and streamlining procurement processes.
Impactful Policy Frameworks
Bangladesh Public Procurement Act (PPA) and Public Procurement Rules (PPR) Amendments 2022-2023
Recent amendments to Bangladesh's Public Procurement Act and Rules aim to streamline the procurement process, enhance transparency, and promote digital tendering, particularly for large government infrastructure projects.
These changes will influence NewVision's engagement in government projects, potentially simplifying tender processes but also requiring adaptation to new digital submission and compliance standards.
Bangladesh Investment Development Authority (BIDA) Act 2016 (and subsequent policy updates)
BIDA's mandate focuses on facilitating local and foreign investment through one-stop services, policy reforms, and creating a more business-friendly environment, with ongoing efforts to simplify processes.
This policy directly benefits NewVision's core mission of facilitating foreign investments by creating a more conducive environment for their clients to establish and operate in Bangladesh.
National Adaptation Plan (NAP) of Bangladesh 2023-2050
The NAP outlines long-term strategies and actions for Bangladesh to adapt to climate change, emphasizing climate-resilient infrastructure, sustainable resource management, and green development.
The NAP will drive demand for NewVision's environmental, WASH, and sustainable infrastructure consulting services, aligning with their focus on SDG goals and climate resilience projects.
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