In the digitally obsessed market of the present, businesses are trying hard to employ innovative software development solutions. Their ultimate purpose is to reduce risks while ensuring exponential business growth. Software development is complex as it involves a range of modules and services, from building applications to software integration and testing. Not every business has enough resources or an in-house IT department for development purposes, so it makes sense to hire a third party for the development of your IT products.
According to research by statista, the global market size of outsourced services is expected to reach 351 billion USD by 2021. Information Technology Outsourcing (ITO) includes application services, IT-resilient business processes, and infrastructure solutions. Software outsourcing enables you to bring in high-quality software development and technical support. Many different tasks can be outsourced to large companies that have expertise in managing all these responsibilities optimally.
Reasons Why Enterprises Look for Software Development Partner
Why Do Companies Outsource Projects? There are multiple benefits of outsourcing software development that encourage companies to look for offshore software development services.
- They need to find and hire an experienced team of software engineers on a budget and on a strict timeline.
- The increasing demand for software outsourcing is due to reduced outsourcing app development costs and high-tech development services.
- Companies need a trusted partner to launch a leading software product.
- Get a competitive edge in the rapidly growing market and obtain high revenue with low development costs.
- Focus on core objectives instead and ease in-house staff pressure.
Outsourcing software development has become very common. The pandemic has accelerated the need and now organizations are finding third-party vendors for fundamental solutions to their IT projects. IT project outsourcing cuts operational costs and allows you to focus on your core tasks. Moreover, it plays a vital role in delivering exceptional customer experience and results.
Reasons You Should Outsource Your IT Project
Below are some reasons why you should outsource a software project to more experienced IT and software development companies.
More cost-effective than in-house
One of the most obvious and primary reasons for outsourcing development is that it is cheaper than in-house development. Businesses can cut development costs upto 50 to 60 percent. When you hire an outsourced development team, you reduce the cost of:
- Buying equipment
- Employee hiring
- Employee onboarding and insurance
- Hardware
- Training programs
- Tech resources
Moreover, the average salary level of employees is much lower in outsourced regions. You can get full-cycle software development services at a much lower cost.
24/7/365 Development Services
An IT outsourcing company works for you without any pause for evenings, weekends, or holidays. Many companies offer resources on different shifts. In this competitive digital world, there is no room for errors or delay. Speed is essential with quality work. A dedicated software development team has experience in agile methodology and makes sure to meet all the functional and non-functional requirements of your software project and ensures the timely delivery.
Focus on your Core Business
By outsourcing software projects, businesses can concentrate on their core tasks, business strategy, and sales while outsourcing all those operations that are outside their capacity. When your project is under the supervision of an outsourced service, you can peacefully focus on processes that could add value to your business.
Access to Talent and Advanced Technology
Businesses are adopting high-end technologies to get a competitive edge in relevant markets. For this you should have a team of skilled and talented software engineers who have hands-on experience in emerging technologies. A functional IT team is aware of the latest technology trends and incorporates software requirements accordingly. They have experience in building multiple products in many verticals and can help you scale and avoid pitfalls. Outsourcing gives you access to both the global and local specialties such as web, Android, and iOS developers, data scientists, designers, and quality assurance managers, etc. who are working on the latest technology stacks and ensure top-quality results.
Reduced Risk
Software outsourcing guarantees professional and quality services. The risk assessment measures and QoS (Quality of Service) parameters are constantly followed, controlled, and documented by the development team. They make sure to reduce any kind of security or financial risks that could be harmful to the software product. While developing any IT product, the outsourced team designs the security framework to cover all the loopholes that could be somehow vulnerable to cyberattacks. Hence, enhanced security is part of software outsourcing services.
Manage Peak Workload
Sometimes companies face radical demand increases and they are supposed to activate all their workforce to distribute work. It is a critical time for every business when the workflow needs to be managed smoothly. A lot of companies, therefore, turn to outsourced services to reduce the risk of software failures. A team of professionals responsibly controls the technical part and mitigates the risks of interruptions while having the flexibility to scale on a shirt timeline.
Why Outsource to FiveRivers Technologies?
FiveRivers Technologies stands among the top IT outsourcing services providers in Pakistan. Our team of experts is available around the clock to provide software development solutions, design, UI/UX, and software quality assurance services. We develop innovative IT products using market-leading technologies and have worked in various verticals. We are most excited these days about the future being shaped by AI and Data Science and have dedicated teams with stellar skills in this area. We have skilled professionals for pretty much any technology you can think of. Reach out to us if you want a quick quote for your project or a quote for a team expansion. We are here to help you in any way we can. Our goal is to create solutions with our partners that promise a better tomorrow!
