While outsourcing software development has been there as a somewhat-adapted concept worldwide for quite a few years now, it has become the new normal lately in this pandemic era. Like any other concept that manages to make its mark in the ever-evolving tech world, software outsourcing, too has successfully hit the contemporary sweet spot in terms of cost-effectiveness, highest productivity and minimized errors.
It’s now a highly proven and demonstrated fact that, software development outsourcing not only saves a company’s time and money, it also helps them to tap into the high quality global talent pool with a very diverse skill set. But for many companies and entrepreneurs half-way through the project they realize that the engagement model they have chosen with their outsourcing partner might not have been the optimal one and in worst cases it is not working at all. And most of the cases it is neither financially viable nor process wise easy to change the model half-way through.
Let’s start with a quote by Henry David Thoreau that most of us grew up idolizing -"Success usually comes to those who are too busy to be looking for it." Everything begins with an idea. Ideas are responsible for the prosperity of humans and without them, we would still exist in prehistoric times. No ideas are big or small and every idea has the potential to change the world. Case in point, when Steve Jobs, first ventured into this entrepreneurship world, he and Steve Wozniak started working on a simple idea of a microcomputer in Job’s Parent’s Garage. But that simple idea and effort later revolutionized the whole computing landscape.
According to Statista, in 2018, the global outsourcing market amounted to 85.6 billion U.S. dollars. 66% of the entrepreneurs nod YES when it comes to software outsourcing and this number is increasing with each passing day. Cost is a crucial factor behind this.
According to Statista, the market size of the outsourcing industry has been outstretched from $45.6 B in 2000 to $85.6 B in 2018. This shows how business, both enterprise level as well as startups are embracing the idea of outsourcing software development.
An increasing no of enterprises and startups consider India as a primary destination for software outsourcing. Outsourcing software development to India means lower costs, higher software quality, no communication barriers, and a huge talent pool. We, in this article, mention 5 reasons why India is the leading country for software development outsourcing.
Software is the core of any business! Whether an enterprise or a startup, no business can prosper without software. And software development can go two ways - in house development or software outsourcing! We, in this article, compare in house vs outsourcing and detail out when to choose what.
As recent stats show, the demand for hiring offshore software developers is on a rise as more and more businesses reap advantage from software outsourcing. But, stats also show that outsourcing fails too! So, in this volatile industry, how do you make sure that you successfully outsource software development? You will find the answer to this question in our article.
“Software outsourcing has risks of its own. One has to look out for red signals to remove barriers to successful software outsourcing.” Outsourcing software development is a global trend. And this trend is here to stay. According to the GSA report, 70% of buyers plan to increase their use of outsourcing, with 35% planning to significantly.
Software development outsourcing is the new normal. If your company’s growth is software dependent and your internal IT team has too many things on their plates, you should think of outsourcing your software development. We in this article walk through the benefits of outsourcing software development and an eight-pointer list of why outsourcing software to an offshore company still works!
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