Software Outsourcing has long passed the fad or buzzword stage. Outsourcing software development is here to stay as an IT trend which has evolved, grown, matured and is living up to and outgrowing its potential. Especially with companies that wish to cut costs while gaining access to world-class software engineers, it is no more an option but a smart decision. One of the strongest factors that attracts most of the Fortune 500 companies worldwide to the software outsourcing company in India is the significant savings attached to an offshore software outsourcing project. On an average, companies report 40% to 60% increase in net savings with the help of Offshore Outsourcing.
Majority of the fortune 500 companies today target offshore software development in India. The core reason for preferring India, as an offshore software development partner country, to other competing destinations in outsourcing business is a vast pool of educated human resource combined with world-class quality offerings and ever encouraging Government policies for the IT sectors.
Key benefits of software outsourcing :
|Cost Efficiency||Labor cost savings may reach up to 70% for routine low-level tasks as
compared with in-house development in North America and Western Europe.
Significant reduction of development time and, thus, speed-to-market becomes invaluable advantage in a present-day competitive environment.
|Availability of trained IT staff||Immediate access to a large pool of best industry talents allows overcoming hiring gap for IT professionals in the developed countries.|
|Flexible manpower utilization||By using outsourcing model company cuts down its housing, recruiting and training expenses.|
|Development risk minimization||Proven development process and quality management system.|
|No up-front investments||No up-front investments on the customer's part.|
Outsourcing is not just a strategy of cost reduction. It is in fact, a strategic service and essential element of growth.