Outsourcing software development is a quickly growing trend expanding its potential because of more extensive globalization. This blog discusses Why Software Development Outsourcing to India Can Be Your Best Decision.
Outsourcing software development is a quickly growing trend expanding its potential because of more extensive globalization. The market for software outsourcing is rising worldwide at a quick pace.
As per the latest software outsourcing statistics, the offshore outsourcing industry is projected to reach $81.5 billion in 2023, with multiple annual growth rates of 3.51%! Outsourcing has become trendy as software development firms have realized their advantages.
India has become the top outsourcing destination for software outsourcing due to the best outsourcing companies, lower software development costs, Indian software talent, best quality work, and cheapest app development cost. India has become a significant software development center that deals with web app development, software application development, and mobile app development.
There are many reasons why India has become an ideal outsourcing location. This blog discusses why outsourcing software development or other IT services to India can be the best option for you!
Statistics That Show Indian Dominance for Outsourcing Software Development
- According to a Deloitte study, 59% of the businesses surveyed showed that they were presently outsourcing to India, whereas another 22% said they were considering outsourcing their requirements to India.
- Annually, 1.5 million engineers pass out from all Indian engineering institutions.
- In India, more than 200,000 IT graduates get recruited into the IT workforce every year, making that the youngest employable workforce in the world!
- India has a population of more than 2 billion people who speak English.
- Over 4 million IT professionals work in different Indian IT companies, with over 10 million employed indirectly.
- Over 40% of IT employees will be prepared in the in-demand technical stack in the coming four years to fulfil the industry’s progressive requirements.
Why Software Outsourcing to India is the Best Option for Companies?
India is the favourite destination to outsource software development. The Indian IT companies are well-known for their high quality and low costs software services across the globe.
The IT industry in India will reach $350 billion in revenue by 2025. Also, India will constantly lead the world of software developers because of having the world’s quickest-growing strength of software developers.
All the statistics given above prove that India is the world leader in custom software development. So, let’s discuss why software outsourcing to India is your best decision for the future!
- World’s Biggest Talent Pool India has the world’s giant talent pool, and that is what entices businesses. Annually, about 0.5 million software graduates get employment in Indian IT firms, and that’s why 98% of skilled developers are between the age range of 18-35 years!Having a young IT workforce has many significant benefits, including:
- The ability to quickly adapt to the latest technology
- Meeting deadlines at any cost – attitude
- Provide different specializations
These benefits help the IT business to address the requirements of an extensive range of companies. India is very well-focused on creating skill sets like AI, IoT, Cloud, Big Data, and Mobility due to its diverse pool of software engineers.
- Advantages of Being Efficient in the English Language It’s pretty fascinating that India is the second-largest English-speaking country in the world, after the USA, and it gives you a clear picture of India’s language proficiency!Indians are very fluent in English, and it inspires outsourcers to choose India as their software outsourcing destination. According to The EF English Proficiency Index, India is second in English competence!This level of command and application of foreign languages in the country is astonishing, and that’s why India is a one-stop-shop solution provider for all outsourcing issues worldwide, especially software development.
- Huge Cost Savings An organization’s massive cost savings is why India is the top software outsourcing service provider. It is mainly because of an essential discrepancy in worker costs between India and advanced countries.For instance, in the USA, any talented developer charges anywhere between $50-$80 per hour, whereas, in India, a developer’s hourly rate can be around $15 per hour!This saving encourages businesses to outsource software development to India to get a competitive benefit through economies of scale.
- Time Zone Benefits Whenever you outsource your software development requirements, you get the benefits of working in many time zones. Working at different locations around the world 24×7 increases productivity.Working in different time zones also indicates that clients will get service 24x7x365!Geographically, India has a good advantage over other countries that want to outsource different software development jobs. Let’s take a look at some time differences:
- India – 3 hours 30 minutes ahead of Eastern Europe, 9 hours 30 minutes ahead of the United States
- Singapore – 2 hours 30 minutes ahead of India
- Australia – 4 hours 30 Minutes ahead of India
Because of time zone differences, Indian companies can provide quick turnaround times and round-the-clock support for all project requirements.
- Quality As per the latest statistics, India has exceeded China as among the most desirable investment destinations in the IT industry, having a whopping 55% share in outsourcing.Despite ferocious competition in India and outside, India’s leading software development companies constantly deliver the best quality software solutions.India has the maximum number of ISO-certified companies, ensuring quality never gets compromised! Therefore, if you want excellent quality at the best price, you can contact an Indian software outsourcing company like GTCSYS.
- Most Advanced Technologies India has trained professionals in advanced technologies like AI, Blockchain, ML, IoT, and analytics progressions. You can get professional software development companies, including AI companies, IoT software development companies, and others.You can find software developers across the globe. So, you must not choose any software outsourcing company urgently. To achieve business goals, you must select the best software outsourcing company in India.
Things to Consider While Doing Software Outsourcing to India
India has become the most well-known and accepted software outsourcing Some considerations are there that any business needs to fulfill before outsourcing:
Before hiring any service provider, you should continuously evaluate what to select for software outsourcing place for businesses, providing top-notch services and dependable work.
Only after double-checking business KPIs with service offers should you outsource.
Allot time-consuming tasks, which make the business ineffective because of lack of knowledge.
It would help if you did not outsource something you are an expert in.
Please select a service provider depending on the portfolio and not because of only the price they offer.
Conclusion
In India, all organizations, including start-ups and big enterprises, have a substantial opportunity for software outsourcing. Now, you can understand that people outsource to India to maximize business earnings and strengthen the fundamental business foundation using skilled personnel and cutting-edge technologies.
Therefore, you need to empower your business with the assistance of modern Indian software outsourcing companies that have governed the worldwide tech market using their best services and comprehensive skills.
If you are looking for the best software outsourcing company in India, contact GTCSYS now!
