Top 10 Outsource Software Development Companies [UPDATED 2024]
The top software development outsourcing companies stand out due to their ability to mitigate security risks, overcome cultural and communication barriers, and adapt to the evolving technological landscape. Their success lies in balancing innovation with reliability and in their commitment to delivering high-quality, secure software solutions.
Outsourcing has become more than just a cost-saving strategy; it’s a crucial element for companies seeking to leverage specialized skills and global talent. This year, amidst a thriving digital economy, certain software development companies have distinguished themselves as leaders in the outsourcing space. Their excellence is not just in delivering top-notch software solutions but also in adding substantial value to their client’s business strategies.
1. Glorium Technologies
Glorium Technologies, an esteemed provider of custom technology consulting and software development services, is celebrated for its exceptional service to startups and businesses globally, irrespective of their size. The company boasts a successful completion of over 100 projects and has a workforce of more than 200 proficient professionals.
They hold several ISO certifications, highlighting their commitment to quality and security. These include ISO 9001 for Quality Management, ISO 13485 for Medical Device Quality Management, and ISO 27001 for Information Security Management Systems. As a Microsoft Silver Partner, Glorium Technologies excels in crafting solutions leveraging Microsoft technologies.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📽 Youtube 🎙Podcasts
💵 Hourly rate: $50 — $99 / hr
👩💻 Number of Employees: 250–999
⭐ Founded: 2010
🏆 Awards:
- Inc. 5000 (2020, 2021, 2022, 2023)
- Inc. Regionals (2021, 2022) — Recognized as one of the fastest-growing private companies in America
- The 2023 Global Outsourcing 100 by IAOP
- Real Leaders Impact Awards (2023)
- Top B2B Service Providers for Sustained & Fast Growth in Clutch (2021)
- Top 1000 Global Service Providers in Clutch (2022)
- TechBehemoths’s Top Custom Software Development Companies in the US (2022)
2. EPAM Systems
At the forefront of both digital and physical product development, EPAM Systems is renowned for its digital platform engineering services. This company stands out through its innovative approaches, comprehensive advisory and consulting expertise, creative design skills, and distinct Engineering DNA that is evident in all projects. EPAM is committed to shaping the future for both its clients and global communities, employing globally dispersed hybrid teams to meet diverse needs.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📽 Youtube
💵 Hourly Rate: $100 — $149/hr
👩💻 Number of Employees: 10,000+
⭐ Founded: 1993
🏆 Awards:
- Top 20 fastest growing firms by Consulting Magazine 2022
- Four-time top IT services company on Fortune’s 100 Fastest-Growing Companies list
- Awarded LinkedIn’s Best Culture of Learning Talent Award 2021
3. Luxoft
Luxoft stands as a global leader in IT services, known for delivering real-world business results through advanced technological solutions. They offer strategic consulting, software development, and digital solution engineering across industries such as finance, automotive, communications, healthcare, and life sciences, helping businesses maintain a competitive edge.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📽Youtube
💵 Hourly Rate: $100 — $149/hr
👩💻 Number of Employees: 10,000+
⭐ Founded: 2000
🏆 Awards:
- Luxoft recognized as AMS Innovative Partner of the Year in Tricentis Awards 2022
- Best Leadership Teams 2023 in Comparably
- Best CEOs for Diversity 2023 in Comparably
4. N-iX
N-iX is globally recognized for its exceptional software solutions and engineering services. They specialize in enhancing operational efficiency, fostering revenue growth, and integrating cutting-edge technology. N-iX offers customized software solutions, digital product modernization, and access to technical expertise. Their teams are proficient in web application development and system integration, with a focus on advanced machine-learning algorithms using Python and R.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📽 Youtube
💵 Hourly rate: $50 — $99/hr
👩💻 Employees: 1,000–9,999
⭐ Founded: 2002
🏆 Awards:
- Rising Star in the 2021 edition of ISG Provider Lens™ Public Cloud Services and Solutions for the UK market
- N-iX is listed among the top 50 global organizations in the 2023 EMEA Inspiring Workplaces Awards
- CRN has named N-iX to its 2023 Solution Provider 500 List
- N-iX was named on the 2023 Global Outsourcing 100: Seven Years of Recognition
- Modern Application Development services providers by Forrester
- N-iX Ranks №38 on the 2022 CRN Fast Growth 150 List
5. Sigma Software Group
Sigma Software Group, a prominent name in software development and consulting, boasts over 2,000 professionals. Serving a diverse clientele that includes both startups and Fortune 500 corporations, the company specializes in providing software solutions, managing digital transformation initiatives, and developing web and mobile applications.
Their expertise particularly shines in healthcare, focusing on clinical and pharmaceutical portals that adhere to strict regulations and security standards.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📽 Youtube
💵 Hourly rate: $50 — $99/hr
👩💻 Number of Employees: 1,000–9,999
⭐ Founded: 2002
🏆 Awards:
- 2023 Global Outsourcing 100® list produced by IAOP®
- Top B2B companies 2021 by Clutch global
- Winner of the EGR B2B Award 2020
- Top App Development Software by GoodFirms
6. ELEKS
ELEKS is renowned for its custom software development, product design, quality assurance, and consulting services. They focus on enhancing value for global enterprises, SMEs, and technology innovators. Known for its attention to detail and quality, ELEKS prides itself on empowering clients to confidently embrace new technologies.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📽 Youtube
💵 Hourly rate: $50 — $99/hr
👩💻 Number of Employees: 1,000–9,999
⭐ Founded: 1991
🏆 Awards:
- Top 1000 Global Companies in 2022 by Clutch
- Cybersecurity Excellence Award 202
- AI/ML Team of the Year
- Top App Development Companies 2023
- Top Software Developers in 2021 by Clutch
- Best of the Global Outsourcing 100
7. Edvantis
As a versatile software development vendor, Edvantis offers a range of outsourcing models that are adaptable to the evolving needs of their clients. They specialize in guiding both new and experienced clients in IT outsourcing, focusing on creating effective technical solutions and providing continuous support for sustained growth.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter
💵 Hourly Rate: $50 — $99/hr
👩💻 Number of Employees: 250–999
⭐ Founded: 2005
🏆 Awards:
- 2023 Global Outsourcing 100® list produced by IAOP®
- Silver Winner of International Business Award 2022 by Stevie
- Top IT Services & Consulting Company by Designrush.com
- Top Custom Software Development Company by iTRate.co
8. Craft Innovations
Craft Innovations is a global research and UX design firm helping leaders understand customer requirements and create products and services that ignite user enthusiasm.
Their impressive clientele includes well-known entities such as Mastercard, UNDP, BAT, prominent EU banks, fintech and investment conglomerates, game and Web3 development enterprises, IT product firms, startups, global telco billing solution providers, and food and non-food retail establishments.
Social networks:
🔗 Linkedin 👤 Facebook 📽Youtube
💵 Hourly rate: $100 — $149/hr
👩💻 Number of Employees: 10–49
⭐ Founded: 2019
🏆 Awards:
- Ranked Among the Top 5 Product Design Globally by The Manifest
- Voted Best in the Global Top 100 User Experience by 50Pros
- Placed in the Top 18 Market Research Worldwide by The Manifest
- Among the Top Market Research Performers in Financial Services by Clutch
- Recognized as a Top Design in Toronto by Clutch
9. SoftServe
SoftServe is a leading digital consultancy specializing in expert guidance and cutting-edge technology solutions. The company excels in transforming and optimizing business processes with healthcare, retail, energy, and finance expertise.
The team at SoftServe is dedicated to open innovation, generating new ideas, and implementing transformative products and services to keep clients ahead in the dynamic digital landscape.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📽Youtube
💵 Hourly rate: $100 — $149 / hr
👩💻 Number of Employees: 10,000+
⭐ Founded: 1993
🏆 Awards:
- Corporate Member of the Year award by IoT Community
- Silver at the 6th annual Globee® Awards
10. Uptech
Uptech is an international app design & development company. They help companies on the Fortune 500, Inc. 5000 list and technology startups with team extension and end-to-end software development.
Their mission is to build successful software solutions that make a change in people’s lives. They deliver the best quality service with a product mindset to follow their mission. For them, it’s not just about a line of code. It’s about providing value to the clients who trust them.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📷 Instagram 🖼Behance 🐈GitHub 📽Youtube
💵 Hourly rate: $25 — $49/hr
👩💻 Number of Employees: 50–249
⭐ Founded: 2016
🏆 Awards:
- Top B2B Companies 2020–2022 by Clutch
- Top App Developer by goodfirms.co
- Top IT Employer by MC.today
- Top Service Provider for 2021 by Clutch
- Mobile Excellence Award & Honorable Mention by awwwards.
The Rise of Outsourcing in 2024: A Statistical Overview
Let’s understand the current state of software development outsourcing with some key statistics:
International Market Expansion: A study from Grand View Research reveals that in 2023, the worldwide market for IT outsourcing was estimated at $520.74 billion. It’s projected to expand at a CAGR of 7.7% between 2024 and 2030. This trend reflects a growing dependence on outsourced IT solutions in multiple industries.
Demand for Specialized Skills: A survey by Statista revealed that as of 2024, one of the primary reasons for outsourcing software development is access to specialized skills, which accounts for 63% of outsourcing decisions. This highlights the shift from cost to quality and expertise in the outsourcing industry.
Regional Trends: Deloitte’s Global Outsourcing Survey of 2024 points out that Eastern Europe and Asia-Pacific regions are emerging as hotspots for software development outsourcing, owing to their combination of skilled talent, technological infrastructure, and cost efficiency.
The Benefits of Software Development Outsourcing
Utilizing remote work has emerged as a popular and effective strategy for companies seeking to improve their processes, tap into a global pool of skilled professionals, and streamline expenses. This chapter will explore the key benefits of outsourcing software development, offering insights into how this practice can be a game-changer for companies of all sizes.
Access to the Global Talent Pool
Outsourcing opens doors to a global pool of skilled professionals, enabling businesses to find the right expertise for their projects. This global reach ensures access to a diverse range of talents and skills, often at a more cost-effective rate than local hiring.
- Diversity of Skills: Access to a wide range of skills and experiences.
- Quality Talent: Ability to tap into markets known for specific technical expertise.
Cost Efficiency
One of the most significant advantages of outsourcing is cost savings. Companies can reduce operational and labor costs significantly by outsourcing to regions with lower living costs.
- Reduced Labor Costs: Hiring outsourced teams can be more affordable than maintaining an in-house team.
- Operational Savings: Decreased need for physical office space and related expenses.
Focus on Core Business Activities
Many businesses opt to delegate software development to external experts in order to focus on their core competencies. This approach can lead to better resource allocation and enhanced productivity in primary business areas.
- Resource Allocation: Enables companies to allocate more resources to core business functions.
- Increased Productivity: Reduces the burden on internal teams, allowing them to focus on strategic objectives.
Scalability and Flexibility
Outsourcing provides the flexibility to scale the workforce up or down based on project needs. This adaptability is crucial for businesses looking to respond quickly to market changes or project demands.
- Adaptive Workforce: Ability to quickly adjust team size and composition.
- Project-Based Hiring: Facilitates engagement of specific skills for the duration of a project.
Accelerated Time-to-Market
Outsourced development teams can often work around the clock, which can accelerate project timelines. This faster development cycle enables businesses to bring their products to market more quickly.
- Faster Development Cycles: Benefit from different time zones and continuous work cycles.
- Competitive Advantage: Quicker time-to-market can provide a significant competitive edge.
Risk Mitigation
By distributing responsibilities across various teams, outsourcing can help mitigate risks. External teams often bring specialized knowledge in managing project risks and ensuring compliance with industry standards.
- Distributed Responsibility: Helps spread and manage risks.
- Compliance and Quality Assurance: Access to expertise in legal and quality compliance specific to software development.
Innovative Perspectives
Outsourced teams can bring fresh, innovative perspectives to a project. Exposure to diverse industries and projects equips them with unique insights that can enhance the development process.
- Diverse Experience: Outsourced teams often have a broad range of project experience.
- Innovative Solutions: Exposure to global trends and technologies can foster innovation.
Challenges and Risks in Software Development Outsourcing
Security Concerns
Outsourcing software development inherently involves exposing sensitive data and business processes to third-party entities. A significant risk lies in potential data breaches and intellectual property theft.
A 2023 report from Cybersecurity Ventures predicts that the costs associated with cybercrime will increase by 15% annually for the next five years, culminating in an annual cost of $10.5 trillion by 2025. Top outsourcing companies combat these risks through robust security protocols, including data encryption, regular security audits, and compliance with international standards like ISO 27001.
Cultural and Communication Barriers
Effective communication is crucial in software development, particularly when teams are distributed across different regions.
Cultural differences and language obstacles may result in misunderstandings and cause delays. To mitigate these issues, leading companies invest in cross-cultural training and employ bilingual project managers. They also leverage collaboration tools and agile methodologies to ensure clear, continuous communication and alignment with client expectations.
Future Outlook
Emerging Trends
The future of software development outsourcing is likely to be shaped by AI-driven development and an emphasis on sustainability. AI is transforming the software development lifecycle, making processes faster and more efficient. A study by McKinsey predicts that by 2024, over 50% of the tasks in software development could be automated using AI. Additionally, there’s a growing trend towards ethical outsourcing, where companies prioritize environmentally friendly practices and social responsibility.
Impact of Global Events
The way outsourcing works is greatly influenced by global events like pandemics and economic changes. For instance, the COVID-19 pandemic accelerated the adoption of remote working, proving that distributed teams can be just as effective as in-house teams. Economic downturns often lead to cost-cutting measures, where outsourcing becomes a viable solution for companies looking to reduce expenses while maintaining quality.
Conclusion
Personally, if I were in need of software development services, I would choose Glorium Technologies. Their recognition as one of the fastest-growing private companies in America and as a top custom software development company in the US by TechBehemoths further underscores their expertise in this field. Lastly, their hourly rate of $50-$99/hr is reasonable and competitive in the market.
The future of software development outsourcing is promising, with trends like AI integration and sustainable practices shaping the industry. As global events continue to influence market dynamics, outsourcing will remain a vital strategy for companies seeking agility, expertise, and cost-effectiveness in their software development endeavors. The ongoing evolution of this sector reflects its critical role in the global tech industry, offering a pathway to innovation and growth for businesses worldwide.
