Software has become a growing industry in Bangladesh over the last two decades. The software industry contributes two-thirds to the total export of IT-enable services. In Bangladesh IT-enable companies are producing services for both local and foreign markets. Among them 400 software and IT companies are exporting their services to more than 30 destinations (The Financial Express: 2009). Although a majority of the companies are exporting software services to the North America, recently there has been encouraging performance by a good number of firms in European and East Asian markets (Ahmed, Nahid: 2009). Bangladesh's approximately 20 billion taka (about $285.71 million) software industry currently employs nearly 20,000 skilled and semi-skilled professional (Karim, H.N: 2009). They are employed in IT responsibilities at different government and non government organizations as well as hundreds of large and small private business enterprises. The ongoing global meltdown affected both negatively and positively the software industry in Bangladesh.

Statement of the Problem  
Software is one of the most talked about but unexploited industries in Bangladesh. Last two decades have seen lot of initiatives, both in public and private sector to stimulate growth in this sector and some successes have been achieved but Bangladesh lags far behind other South Asian countries like India, China, Singapore & Malaysia in terms of quality of product, employment and revenue generation in the software industry.

However the local as well as outsourcing software companies have been less affected by on-going global meltdown in comparison to other sector in Bangladesh. In fact global economic downturn created huge export growth potential of our software industry. Many global companies over the last few months come and invest in the country as they think developing software here will help them to reduce their cost of operation and remain competitive in global market in the wake of economic downturn (Ahmed, Nahid: 2009). So Bangladesh has a huge potential to expand software industry but in contrast of this information in reality we see many of the software companies in Bangladesh are now downsizing.

Objective of the Research
Major objective of the research was to study the global recession impacts on software industries in Bangladesh where as, some specific objectives also were prevailed, those were-

• Study the obstacles face by the software industries because of ongoing global recession.
• Find out possible solutions to cope with those obstacles.
• Evaluate possible challenges the software industry will face to utilize the potential opportunity of outsourcing created because of global recession to expand the market.
• Find out some policies to face those challenges and to expand the market.

Justifications of the Research
We believe this study will help to protect our software industry or even improve this industry. It can be the potential industry in Bangladesh which can create huge employment opportunities that will help in economic development by earning foreign currency as well as raising our national revenue.

Literature Review

? BASIS newsletters of different issues.
? Articles of international arenas that are published regarding our topic on the Internet.
? Articles in the news papers regarding our topic.
? Expert’s opinions from the related fields.

There is some articles like-

• “IT Recession is going to End Next Year”: Envoys CEO Recession (Sinha, Soumya: 2009) written on the perspective of India and not related with our software industry.

• The Prospects for Bangladesh’s Software Industry (The Financial express: 2009).This article only explored the potential opportunity of huge outsourcing created because of global recession but did not explore- why some companies are downsized or shutdown, what they can do to survive or improve, to take the potential opportunity of outsourcing what challenges software companies’ may have to face, what they can do to face those challenges and to expand the market.

Perhaps our study has first concentrated on all these issues simultaneously. These compelling circumstances persuaded us to dive an almost unreachable depth.

Methodology of the Study
The methodology exercised for this study is as follows in details-

Types of Data:
For this study both primary and secondary data has been used.

Sampling Plan:
Sampling plan included a set of works those are illustrated as follows-

? Population: To study the global recession impact on software industries in Bangladesh the population was all the people who are associated and who may have interest in this sector. Such as local Software Companies, Outsourcing Software Companies, Project Manger, System Analyst , System Architecture, Quality Assurance Engineer, Chief Technical Officer, Potential Customer of Software, Current customers and some IT Experts.

? Sample size: Purposive, convenient and stratified random sampling technique followed to choose 4 software companies as our sample companies as well as 16 key respondents were chosen from those 4 companies by which the researcher got the essential and relevant data to address the research problem and objectives.

? Sources of Information: For this study following primary sources and secondary sources identified from which the necessary data were collected.

Primary Source: Local software companies, outsourcing software companies, software professionals, project manger, system analyst, chief technical officer, system architect.

Secondary Source: Newspapers, websites etc.

? Study Area: This study conducted within a very limited no of software local and outsourcing software companies they are- Genesys Systems Limited, Eyeball, ReliSource Technologies Limited, and Flora System Limited in the Dhaka city. The preferred places of our study were Bangla Motor, DOHS (Mahakhali/Banani), Gulshan area etc.

Data Collection Method:
Unstructured questionnaire and open ended questionnaire used for interviewing respondents personally and over telephone. 

Data Analysis:
After collection of data those were accumulated, organized in tabular form and analyzed effectively. All the findings from analysis processed and recorded. On the basis of those findings some suggestions and policy has been recommended to take corrective measures.