Software Outsourcing Market Report: Company Analysis, History and Future Overview

1. Software Outsourcing Market Software Outsourcing Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025 www.qyrconsulting.com

2. The role of software outsourcing companies is quickly transforming from ‘software developers for hire’ to strategic business partners. Offshore software development companies are observed to fill up critical positions in business models of modern enterprises. Aggressive demand for blockchain and IoT software developers due to increasing use of the technologies is expected to add to the growth of the global software outsourcing market. Advancement in healthcare technology could be a significant factor auguring well for the global market, considering high demand for healthcare software development. In August 2019, multinational IT service and consulting company, HCL collaborated with Oracle Health Sciences to accelerate mHealth in clinical trials. Need for Better Product Quality more than Cost Reduction to Increase Demand Skills gap in the software development industry and difficulty in hiring talented software developers are among top factors augmenting the demand for software outsourcing. IT enterprises looking for system integrators and capable partners to share project risks and responsibilities and freeing up their resources are forecast to create profitable business opportunities in the global software outsourcing market. Interestingly, today’s enterprises are placing higher emphasis on product quality compared to cost reduction when it comes to software outsourcing. Other needs of enterprises such as business expansion, enhanced security, and superior customer experience are also foretold to push the demand in the global market.

3. Players to Offer New Contract Models Focusing on Value and Client Relationship • Some of the popular vendors offering software outsourcing services are Accenture, Kanda, HCL Technologies, ValueCoders, HPE, Inspur, DataArt, Neusoft, Oxagile, Bleum, ISS, Silicus, ACS, Reksoft, Sodexo, IBM, NTT Data, TCS, Capgemini, Oracle, Infosys, and Cognizant. Software outsourcing companies are expected to improve their products and services portfolio to better serve customers in lucrative industries such as healthcare. • Get PDF template of this report: https://www.qyrconsulting.com/request-sample/7354 • By Type • ●   Infrastructure Outsourcing • ●   Application Outsourcing • By End User • ●   Healthcare Industry • ●   Retail Industry • ●   Government and Non-profit Organizations • ●   Manufacturing Industry • ●   BFSI • ●   Professional/Technical Enterprises

4. By Region The region has been banking on its cheaper price rates and high number of software product development projects to collect a considerable share of the global software outsourcing market. However, software outsourcing companies in Europe are predicted to give a tough competition to market participants in Asia Pacific. Markets such as Ukraine, Romania, and Poland are foreseen to witness the rise of new companies offering offshore software development services. Report TOC, Figures and Tables: https://www.qyrconsulting.com/reports/software-outsourcing-market

5. RESEARCH METHODOLOGY SUPPLY SIDE • DATABASE MACROECONOMIC • INSIGHT • In-depth interview Data Mining & Handling Build Connection Data Verification • Interviews of: • Manufacturers, Distributor, Opinion Leaders, Industry Experts, Front-line Staff, Directors, CEO, Marketing Executives, Technology, Innovation Directors and • Executives from Related Industries and Organizations • Through interviews, research analysts collect & sort data and establishes research models. • Secondary Sources: • Annual Reports, Presentations, Press Releases, Journals, Paid Databases • All possible demand side factors that influence the markets: Effect of inflation, economic downturns, and changed regulations & policy or other factors • Market Size is validated through Primary Sources and Secondary Sources Establishing point to point products and capital flows within the chain

6. RESEARCH APPROACH Date Source: Our Secondary Data Sources 70% of the data has collected from the first-hand information Secondary sources occupies approximately of the overall sources 30%

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