The one fact about the list of software development outsourcing trends is that each point leads to the question - ‘to adopt or not to adopt’. Explaining the current trends & sharing BinaryFolks’ take on the emerging advancements right ahead!

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.

 

Whatever your reason for outsourcing software requests may be, starting off by checking out the industry giants’ outsourcing success stories is a good starting point (motivation, check !). On that note, you’re about to get filtered insights on such great decisions that the biggies dared to take. Details ahead!

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.