10 Reasons Why Outsourcing Software Development Works
Over the last ten years, the software outsourcing industry has grown into a multibillion-dollar business. Most of the business owners of global companies prefer to outsource some part of their software development work to nearshore or offshore software outsourcing companies in India. Cost-efficient and high-quality software solutions/services are the two selling points that attract businesses to these external outsourcing vendors.
In this blog post, we will dive into some of the top 10 reasons why outsourcing software development works for your business.
1. You can save your valuable time
"Time" is the most precious and valuable resource for any business. The Faster you deploy your software, the higher will be your ROI and customer satisfaction.
Assigning your in-house developers with heavy loads of tasks will negatively affect your software development project. This will have a detrimental effect on the productivity of your in house developers which leads to delayed project delivery. You can easily resolve this issue by outsourcing a part of your software development project to an offshore software development company. If your staff have loads of work, software outsourcing can help to manage software development, which in turn helps your staff to focus on key business functions.
2. You can reduce your operational expenditure
If your business is in the United States, you have to pay an hourly rate of around $80 for a programmer, whereas you can get the same service by paying merely $40 per hour for a programmer from offshore software development companies that are based in India. These offshore vendors will deliver you with high-quality specialists at an affordable rate than if you continue hiring in-house specialists. The main USP Offshore software development vendors are that they won't compromise on the quality of the work.
You can increase your revenue by eliminating expenses that are associated with recruitment, professional training, infrastructure, insurance, and tax, etc.
3. You can deliver your product faster
Delivering your product to users in time will make to stay ahead of your competitors. Outsourcing your software development project will guarantee you fast product delivery.
Most of the software outsourcing vendors that are based in India have efficient project management methodologies. They can more effectively monitor project performance and can give effective feedback to the performance of your team, which can aid an efficient decision-making process.
4. You can focus on your core business
This is one of the main reasons why outsourcing software development works. By outsourcing software development, you can focus more on the important functions such as marketing, sales, and other essential services. Whereas, Your outsourcing team can handle more complex programming processes that are beyond the reach of your core expertise and do it more cost-effectively.
5. You can keep up with the latest tech trends
Apart from the perks that you get from a software outsourcing partner, you can also bring new technologies and innovation into your software development process. An efficient software development partner will help you to take your product to the next level.
6. You will get access to skilled resources
This is the major factor that attracts businesses to outsource their projects to software development companies in India. Adding skilled resources to your in-house arsenal helps in rapid project completion. In most Asian countries such as India, Singapore, etc. there is a rapid increase in the number of tech universities. As a result, the number of Asian developers is growing rapidly. Software developers in India boast high tech education and have highly advanced coding skills.
7. You will get best in class maintenance and support services
Even after the deployment of your software, it needs regular maintenance and support which includes bug fixing and adding additional features to it. Most of the offshore outsourcing companies provide best in class support services as a standard along with their contract.
8. Flexibility
Technology can change unpredictably, the same is the case for your software development project. Your development team must adapt to technology changes to implement it without rebuilding the project from scratch.
Most software outsourcing companies will always have a flexible team of developers who always have a zeal to learn new technologies. They can rapidly change to a different course from their normal route such as switching from one project methodology to a more efficient one if your software requires additional functionalities.
9. You can forget about recruitment
Recruitment, Payroll management, insurance, and training can burn a hole in your corporate budget. Hiring and managing a team of on-site developers will be more costly when compared with outsourcing.
Moreover, you will not have to procure expensive infrastructure and software tools, for your in-house developers to work with. All of it will be managed by the outsourcing company.
10. You will get around the clock development
Most of the Asian countries have a 12-hour difference with the United States. You can exploit this by implementing a 24X7 development cycle. This ensures uninterrupted work and reduced development time for your software development project. cost-effectiveness and improved technological capabilities give offshore software outsourcing an upper hand when compared to in-house software development.
From the points mentioned above, you may have got a clear idea about the 10 reasons why outsourcing software development works.
Ready to develop a product with us? You can hire full-stack developers from Vofox Solutions, a leading software outsourcing company in India and turn your idea into reality.