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70 percent growth in software development outsourcing by 2023

Software development is handled differently in different industries. Some hire their own teams, while others use software outsourcing services.<br><br>Over the years, software development outsourcing has consistently increased in popularity, as companies strive to keep up with ongoing trends. Moreover, these services can save companies on overall costs such as development and app maintenance.<br>

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70 percent growth in software development outsourcing by 2023

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  1. 70 percent growth in software development outsourcing by 2023

  2. 70 percent growth in software development outsourcing by 2023 Software development is handled differently in different industries. Some hire their own teams, while others use software outsourcing services. Over the years, software development outsourcing has consistently increased in popularity, as companies strive to keep up with ongoing trends. Moreover, these services can save companies on overall costs such as development and app maintenance.

  3. Outsourcing of software development is booming for a number of reasons Scaling up a team quickly and effortlessly is an essential business operation for a CTO. It helps to meet dynamic user requirements and develop an application more quickly. With a relevant engagement model, the organization can easily scale up its team by partnering with a software outsourcing company. In addition, up to 40% of CTOs believe that software development outsourcing can help them manage work precisely in a fast-paced environment. Therefore, outsourcing is the first choice of a CTO when scaling up teams within cost and time constraints, which is why its demand is expected to increase in 2023.

  4. An HR manager's perspective An employee's hiring is always a time-consuming process, as well as a cost that affects the budget of the company. By partnering with a software outsourcing company, HR Managers can reduce additional hiring expenses With a traditional hiring approach, companies must spend time and resources displaying recruiting ads, screening applicants, and training new hires. As a result, HR departments consider outsourcing services in order to streamline IT resource onboarding and eliminate extra operations. Outsourcing services help them complete the overall hiring process in less than a week since engineers are verified by third parties.

  5. Accelerates product time to market In addition to speeding up the development process of goods and services, outsourcing IT projects has other benefits. Outsourcing a software development project can help reduce the time spent on product development and allow you to introduce your product to the market earlier. In this way, skilled professionals can complete a specific task on time without compromising the quality of the outcome. By releasing your product before your competitors, you can gain a competitive advantage that will benefit your company in the long run.

  6. Expands your talent pool The demand for highly-skilled software developers is forecast to increase by 22% between 2020 and 2030, which is faster than the average for all occupations. In the future, businesses may have difficulties hiring the best software developers if they cooperate with an IT outsourcing company. As opposed to hiring software developers just in the US, India & Canada, outsourcing allows you to find and hire highly-skilled developers from around the globe. We at Onviqa have a professional team of software developers and customer care. We can revamp the negative experiences of hiring an outsourcing company to give you the best results. Get in touch now!

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