Prospective Areas of Digital Economy: An Empirical Study in Bangladesh

Abstract

This study aims to determine the present and future scopes of the digital economy in Bangladesh to build a developed and prosperous country by 2041. Simultaneously, it analyses the components of the Digital Economy from numerous perspectives from contributing to Bangladeshi economy with an adaptation of the 4th Industrial Revolution and emerging technologies. In the methodology section, qualitative approach is conducted to determine the research objectives where secondary data is used. Around 100 papers are collected and 51 articles are used for conducting this study. The findings of the study are to present the current state of the digital economy which is developing trends that contribute to national GDP for the adaptation of the 4IR for the transformation of smart Bangladesh. From the conceptual implication, companies and individuals are aware of the digital economy, which would lessen digital divide and create a strong link between technology and the economy. Furthermore, establishing customer confidence and trust would be a big issue for Bangladesh's digital platform economy in the future days. From a practical standpoint, IT industries and commercial organizations would have to deal with emerging 4IR and its technologies. The job market would also be expanded in a variety of areas, which would ultimately benefit the national economy. According to the study's conclusions, the digital economy is predicted to expand its commercial and corporate opportunities. Future research might be extended based on qualitative approach towards a digital Bangladesh and create a better developing economy.