The one fact about the list of software development outsourcing trends is that each point leads to the question - ‘to adopt or not to adopt’. Explaining the current trends & sharing BinaryFolks’ take on the emerging advancements right ahead!
Overview : Software Development Outsourcing Trends Today
The concept of software development outsourcing can be perceived as that familiar favor most of us have taken from a friend at some point! Where you focus on your studies before the exam and that friend completes the assignment nearing the deadline, for you.
However, as you change the context from academics to corporate, the significance of ‘what is done how’ starts weighing more. With the number of companies of all sizes outsourcing their software development needs rising higher, there came the necessity to do it more effectively than the competitors. And ever since, software development outsourcing has been encountering multiple trends to attain the ‘better than ever’ efficiency, at a higher frequency.
While some of those trends stay on top of the list for quarters at a row, some fade soon after making it to the headlines. The challenge thus, is to spot the logically proven potent software development outsourcing trends worth adapting! So, here goes our take on the trends taking the current market by storm. Take a cue, so you can plan your outsourcing journey the time appropriate way!
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6 Reasons Why Software Development Outsourcing is Important for Every Business
With 1283 bn USD as the reported number for the global spending on IT services today, there still has to be your specific reasons to plan software outsourcing, right?
Whether it’s a
Startup trying to bring its disruptive idea to life
or
A medium sized business aiming to achieve better productivity with a digital tool
or
An established enterprise planning its digital transformation
Developing software requires a mammoth investment in terms of time, money & last but not the least, efforts.
While recruiting an entire in-house team is always an option, getting them to work together is what causes the nightmares.
That’s the biggest reason why the software outsourcing companies have become so popular. Here goes the list of top 6 other reasons for you to outsource !
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Software Development Outsourcing Trends this Year!
Right now, software development is coming off as the silver bullet to combat almost every other pain point actively or passively, for startups to enterprises alike - and the prevailing buzz in the social media is its burning proof. However, not all of the discussed is worth giving a shot since there’s significant investment associated with each. So, our veteran techie consultants have curated a list of promising software development outsourcing trends for you!
[1] Amplification of AI and IoT
You must have seen ‘smart’ and ‘intelligent’ prefixing every other business offering today, like smart shipping, conversational intelligence for instance, and that’s the extent AI & IoT has extended its footprints to. With COVID-19 making the e-presence a mandate for a profitable business, there stepped in enormous pressure to plan competitive advantage as part of the digital identity. And the easiest aspect to think of, considering ‘customer is the king’, has to be personalization, as it can never really be enough! That’s exactly where AI proved its potential, blending in convenience for the users and factual planning & decision-making for the businesses.
Outsourcing AI development services as well as IoT software development, thus, have been a fruitful investment aimed at personalized customer experience. While AI-driven chatbots ensure clients are lent an ear to, at any hour, without having to deal with longer response time, IoT enables smarter control of assets making lives easier.
[2] Blockchain Demand to Soar
Blockchain is one of the buzzwords of this time & the rapid implementation of it across industries proves why! Reportedly, 46.40% being the global blockchain CAGR by the coming year, Blockchain, one of the leading software outsourcing trends, deserves to be a part of your IT outsourcing plan & we’ve already discussed all you need to know about blockchain development already. Be it smart contracts or NFTs, cryptocurrencies or a decentralized marketplace - DLT is here to stay with its unmatched potential across the security sector.
[3]Traditional Industries to Digitize
Talking about software development outsourcing trends would remain incomplete without mentioning the set of ‘traditional’ industries going the digital way.
With a large chunk of sensitive data in place, industries like finances, healthcare, telecommunication, oil and energy etc. were rarely into digital transformation for a long time. However, with the advancements in multiple tech fields, the financial sector started adapting to the Blockchain benefits, healthcare found the AI advantages worthy, the telecom sector was quick to rely on 5G offerings, and the oil & energy space opened up to AI technologies to cater to the professionals’ safety concerns. And soon, with the benefits of respective adoption visibly thickening the businesses’ bottom-line, the tech reliance got heavier, with more technologies making their way through these traditional industries’ workflows, making it a trend.
[4] Unfurling of AR and VR
Remember how Pokemon Go madness took over the world? That’s just the tip of the iceberg of opportunities that AR & VR is capable of. From creating real-time experiences while not being present at the place physically, to virtual property viewings and more, the AR / VR use-cases are diverse across almost all industries.
Thus, modern businesses are eager to include interactive elements as part of their offerings to woo the customers with a striking experience & skyrocket their sales in return. Enough reason to justify what made AR & VR a top trend?
[5] Diversification of Cloud Technology Services
Even though cloud computing initially started with the idea of renting computing services, over the years it has gone through specialized as well as generic fine tuning to serve contemporary purposes with higher convenience.
As secured data storage remains to be one of the top necessities with increased e-operational needs, outsourcing technology services is the obvious trend we were expecting. However, with alternative cloud technologies & multicloud emerging consistently, there’s clearly much in this space to take advantage of!
[6] Global Cybersecurity Awareness to Rise Up
In ‘The Adventure of the Copper Beeches’, Sherlock Holmes said “I can't make bricks without clay”, holding a lack of data availability as the culprit for hindering his decision-making. And today, that has become every business folk’s unanimous view on the power of data. Doesn’t that speak in volumes for the need to protect the humongous amount of data that the businesses are needed to put up in the e-space today?
With the number of cybercrimes soaring higher than ever & newer innovations making way right through, investments on cybersecurity are on a rise too. Thus, outsourced cybersecurity services have become a staple need for companies of all sizes to stay on top of security concerns, safeguarding their sensitive business data while meeting the GDPR standards. Clearly explaining what makes cybersecurity stick at #1 in the software development outsourcing trends list since the past few years, and for years ahead.
[7] RPA to Rule
The benefits of RPA technology are many, but what primarily makes it most loved (and invested on!) has to be how it reduces the day-to-day operating expenses, eases collaborative working & minimizes manual errors - finally, maximizing productivity.
While digital-first was a choice made by the smart businesses out there across industries till 2019, post-pandemic turned it into a mandate. While different businesses had a different approach & chosen extent for digitizing their workflow - adapting to RPA tech is what a higher number inclined towards. The concept is simple - replacing human involvement with software robots to add speed, increase precision & accuracy in repetitive business processes.
[8] PWAs for the Wins
Why progressive web apps, when mobile apps exist already?
Because, even though mobile apps are extensively used by several companies of all sizes for varied purposes, there still remains a list of significant issues.
From ‘longer loading time’ to ‘unresponsive pages’, ‘inconsistent navigation’ to ‘unfriendly touch functionalities’ and more, the list of struggles that we’ve all faced in our mobile app experiences is evidently long. Thus, there has been a pressing need to bring in the benefits of mobile apps while making the user experience seamless regardless of the device & OS in use.
That’s exactly the purpose progressive web apps serve and with its highly responsive nature, it was quick to make it to the list of top software development outsourcing trends
Conclusion
In this ever-evolving tech environment, where businesses are investing their time and effort is of highest importance and it literally has the power to make or break its future. As digital transformation is the proven goldmine of opportunities today, it is how you go about it that determines your rate of success. Given that, being on the same page with an in-depth understanding of the current software development outsourcing trends is a must.
Since that’s already checked, the next wise step is to get a consultation to know what will work for you the best and what not. Guess what? Our 30 minutes long first round of consultation is complimentary! So, share your business pain points and simply,
