With a market revenue of $460.1 billion in 2023 and an expected CAGR of 11.07%, the IT outsourcing services industry is on track to reach a global turnover of around $777.7 billion by 2028 (Statista, 2023). These numbers make absolute sense when you consider the wide array of services that are a part of IT outsourcing - application development, software upgrade & migration, data center management, and development support and maintenance—just to name a few.
By outsourcing these IT services with BinaryFolks you get a wide range of benefits starting from a seamless project experience, all the way up to getting high-quality software solutions built by the industry maestros. More about this in the coming sections, first, let’s clear our basics by trying to understand what IT outsourcing is all about!
What is IT Outsourcing All About?
The textbook definition of IT outsourcing services says that - it is the process of hiring third-party service providers to help your business optimally perform IT-based operations, mostly the ones your in-house team lacks expertise in.
Let’s say you are building a house by yourself, you are proficient in designing the interior, painting and installing appliances. However, you have no idea how to handle a few of the important aspects like - plumbing, electrical lines, etc. At this point you have two options - either spend time learning how to perform all of these tasks yourself and then apply it in your house, or hire experts to instantly start working on these aspects. What do you think is the more reasonable option? Hiring experts, right? This is exactly why a business opts for IT outsourcing services in several scenarios even when they have a software development team in place.
BinaryFolks’ IT Outsourcing Services
The fact that IT Outsourcing is an umbrella term for so many individual services that it is borderline impossible for service providers to list down everything they have to offer. So, we at BinaryFolks, chose to list down the most in-demand services among our customer base, including -
Our IT software developers have hands-on experience with building solutions that cater to the unique operational needs of a business. We accomplish this by building customized software solutions that take our clients' insights as a reference point. Our focus lies in consistently enhancing this solution model with every step we take, drawing from our experience and the latest industry trends.
As an IT outsourcing company, BinaryFolks has built multiple mobile and web-based applications for businesses across various industries. Having extensive experience in building both native and cross-platform applications allows our devs to handle the application requirements seamlessly, setting your organization up for a smooth software development experience.
We build services like SaaS, PaaS and IaaS that harness the cloud-based infrastructure to provide scalable and highly accessible IT services to businesses across the globe. Our developers have proficiency in building these solutions while leveraging the latest technologies the market has to offer without burning a hole through your pocket.
Our IT outsourcing services help businesses move their business applications and databases to a more suitable environment based on their business needs. The most common migration services we provide are either from one core programming language to another or, a shift from the on-premise servers to cloud-based servers.
Our IT developers can help your business to store sensitive business data in a secured environment keeping it safe from external attacks. You can also draw the maximum potential out of your business data by modifying it into a structured format before storing it, this allows the data to be easily used for various business operations.
When it comes to using business data in the most optimal manner, our developers got this aspect covered for you as well. They gain valuable business insights and predict upcoming events by finding the recurring patterns in your business data, this makes it easier for you to plan future business operations and make the best out of a discovered opportunity.
If your business needs a product that leverages the enhanced productivity and reliable decision making capabilities of an AI model, then BinaryFolks’ AI development services should match your requirements perfectly. Our developers are well versed with AI supporting programming languages that help businesses fix their operational bottlenecks to fix issues like limited processing time and manual decision making seamlessly.
Chrome extensions are built to serve a specific business niche, although it may sound simple on the surface an extensive amount of logic and optimization goes into building one that is optimal in every aspect. BinaryFolks’ development team has mastered the art of Chrome extension development, ensuring that your unique use cases can be served seamlessly by integrating custom browser extensions within your business workflow.
Types of IT Outsourcing Services
The IT industry has a few outsourcing models to offer, let’s discuss them briefly to help you pick the most suitable option for your development requirements -
In this outsourcing model, the service providers belong to the same country as yours, sharing similar language and time zones. However, with the expertise they provide, hiring them in countries like the US can be a very expensive option.
One of the most popular IT outsourcing models, here the development team is situated in a different country, typically one with lower service rates but similar technical competency. The countries that provide these services have adapted to their target client’s time zones and native languages to provide a seamless software development experience.
Cloud Computing Services
Another alternative model for outsourcing services includes a virtual environment-based software service where you use an instance of the software on a subscription basis popularly known as a software-as-a-service (SaaS) model.
Top Benefits of IT Outsourcing
The reason for the popularity of IT outsourcing services across almost every industry is the benefits they provide , operational and otherwise. Here are some of the top USPs of opting for outsourced IT services -
Having an all-encompassing software development team who possess expertise across all available technologies across the market is as rare as bumping into a dolphin in the middle of a desert. In situations where your in-house team lacks the technical experience for the development of a specific solution, you can outsource your IT development project to an external service provider with a team of professionals for that specific technology.
Save on additional business expenses by opting for our outsourced IT support and services and develop high-quality solutions without paying an arm and a leg for the software development cycle. Instead of spending business resources on hiring, training, and retaining the in-house IT team for a niche business requirement, you can simply outsource the development to a third-party service provider.
IT development services take up a large chunk of the business resources apart from just the finances, your employees and development team have to extensively commit towards developing the solution in a flawless manner. When you outsource IT development the development, team allocation, and operational optimization is the service provider's responsibility, giving you enough time and resources to focus on other business aspects.
Hiring developers for IT outsourcing services directly means getting experts in a field onboard, people well versed in developing solutions around the technology under discussion. Meaning the solution being developed will be completely risk-free as the development team is experienced with maintaining the security and operational checklist to make sure that the software is free from external attacks or worse - downtime!
When to Ask for Outsourced IT Support
Now with all that being said, some people might question if their specific business case calls for the need for an outsourced IT service provider or not. Well, here are a few observations you can make in your business to make an informed decision -
Lack of In-House Expertise: If you find your software development team struggling with a unique project, then it might be time for you to outsource your IT development project from an external service provider. An alternative would be to assemble an in-house team for the said project, but let’s be honest this method will definitely drain your business resources before you know it.
Need to Harness Latest Technologies: With new technologies frequently emerging in the market, it is really difficult for a business to continuously upgrade its existing infrastructure at such short intervals to support the development of software solutions with cutting-edge features. Alternatively, you can hire an IT outsourcing company to build a solution for your business.
Want to Minimize the Training Period: With IT outsourcing services your business can instantly start building your required solution without investing any time in training the developers, as the firm will always assign you a team of experts with experience in developing a similar solution as your requirement. This would not be the case if you chose that the development of your solution will be handled by your in-house team as they will have to spend the initial period learning the nitty gritty of the technology.
Require Reduced Downtime: When you outsource your IT software development project to a team of experienced developers you automatically mitigate the risk of any project-related bottlenecks. Because the hired team has first-hand experience with following the most optimal development roadmap for building your software solution. All of this results in an efficient and flexible application development experience for your business with almost no downtime.
What Makes BinaryFolks Your Go-to IT Outsourcing Company
Now you have the entire picture of all the benefits of outsourcing IT services from external development teams and the different models the market has to offer. So, let’s take a quick look at the unique value BinaryFolks’ IT outsourcing services have to offer -
Get Your IT Solution Developed By Industry Experts
As an IT outsourcing company that caters to around 15+ countries across the globe, BinaryFolks’ development team is well-versed in building solutions that serve the client’s unique business requirements. We do not simply pick the most trending tech stack for the development of your project, instead, we focus on understanding your business requirements before curating the most efficient & effective technologies for your specific project.
Build IT Solutions With Quality as Their USP and Not Just Cheaper Prices
Many service providers market their IT software solutions to be the cheapest out there, and in most cases they are. However, we all know that the word cheap directly associates with “poor quality”, and speaking from over a decade of experience - that’s the last adjective you’d want to associate with your software solution. Something that is going to be a part of your business for years to come. On the flip side, we do not promise to build you a solution with a shoestring budget, but we can promise that the application we develop will be an absolute bang for its buck in terms of quality and feasibility!
Get Complimentary IT Development Consultancy
Now with so much information, it might be difficult to pen down your exact project requirements, you may feel like something is missing or if a certain feature you have included is necessary or just “good to have”. If these issues feel relatable then we have the perfect solution for you. Get in touch with our professional IT consultants who can assist you with marking down your project goals in a professional way, the first meeting is on us. (You have to get your own coffee though!)
1.Onshore IT Outsourcing - The software development team belongs to the same country and shares the same time zone.
2.Nearshore IT Outsourcing - The software development team is from a nearby country and shares your borders.
3.Offshore IT Outsourcing - The IT developers are from a faraway country, typically with lower service costs.
IT outsourcing services basically use external service providers to perform IT-centric business operations without spending unnecessary business resources, including -
3.Testing and Quality Assurance
4.Business Process Outsourcing
5.Analytics and Business Intelligence
1.Lack of technical expertise within the hired development team.
2.Some businesses may work on an hourly basis which can add up to unnecessary costs in multiple cases.
3.The IT outsourcing team may fail to understand your exact business requirements in case there is no clear communication.
4.Your business data’s security might be compromised in case the development team does not have the experience of working with it appropriately.
5.Sometimes the support team goes missing in crucial times resulting in unwanted downtimes.