o desk bangladesh tech investment summit may 2012
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Bangladesh and
The Future of Work
• 3 million contractors in 177 countries!!
• 550,000 clients in 181 countries!!
• In 2012 alone:!!
• 35 million hours worked!
• $360 million earned!
2
oDesk empowers businesses and contractors to work together without geographic limits
Rapid growth in scale and scope
3
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
2004 2005 2006 2007 2008 2009 2010 2011 2012
Other
Writing & Translation
Design/Multimedia
Sales & Marketing
Business Svcs
Customer Svc
Admin Support
Networking & IS
Web Dev
Software Dev
Hours Worked by Job Category
oDesk is online work
4
Estimated Gross Services!2012
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
$350,000,000
$400,000,000
oDesk Others
99Designs
People Per Hour
Guru
Freelancer
Elance
~$360M ~$310M
Bangladesh is a major player in online work In 2012 alone:!"
• 3.5 million hours worked"
• $13 million earned"
• 250,000 registered, with 30,000 joining per month"
• One-fourth of all SEO hours worked"
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6
Bangladesh’s rapid rise
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000 IT Earnings
KPO Earnings
Increasing share of online work
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Others 98%
Bangladesh 2%
2009
Others 86%
Bangladesh 14%
YTD 2013
Increasing international appeal
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US 76%
Australia 5%
UK 5%
Canada 5% Other
9%
US 60% Australia
9%
UK 8%
Canada 7%
Other 16%
FY 2009 YTD 2013
Online work is closing the gap
≈$20 million in online work
($13 million from oDesk )
Outsourcing vs. online work in Bangladesh, 2012"
$60 million in total
IT Outsourcing
Secrets of Bangladesh’s success
• Young, highly-skilled demographics""
• Viral growth in a highly populated city"
• Success in high growth job categories"• Search engine optimization"• Web development"
• Great cost advantages"• Great value for client companies"• Great wages for Bangladesh contractors"
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