Why you should consider Software development outsourcing (instead of in-house tech team)
Nowadays, software outsourcing is becoming more and more prevalent in businesses. A study by Technavio reveals that the global IT outsourcing market will flourish at a CAGR of 5% during the period 2020–2024. It is understandable as outsourcing optimize firms’ budgets and operations.
Working with an outsourcing company will help you mitigate the risks of running a project internally. Outsourcing can compensate for a lack of in-house skills and ensures that your product is delivered on time. Instead of doing all that extra labor, you can simply go for software development outsourcing: hiring a third party to take over your development process. These are the reasons why outsourcing is highly recommended for your projects.
Time sufficiency
Given the business world is ever-evolving, firms are chasing one another to take over the market, it is of paramount importance to utilize time wisely. Firms are now living in a rigorous market, which requires them to change, improve, and evolve daily. The latest updates or launching should be conducted as much quickly as possible. Thus, outsourcing is a popular solution for short-term and time-sensitive software development projects.
With software outsourcing, you can find a software provider that best fits your project and get started with the development as early as possible since they already have the required professional skillset on-board. In contrast, the process of building an in-house development team is a lot more time-consuming because it entails spending months finding the right talent, hiring, and training them before the actual development work can begin.
Effort-saving
With software outsourcing, you don’t have to spend time micromanaging everything. All you need to do is giving the outsourcing partner schedule and time when you need the final products to be delivered. You don’t need to supervise any part of that process, be it employees or technical issues, as the professional and high-expertise outsourcing companies are already familiar with their specialized jobs and labor. This will help you to reduce your workload and focus on your operational strategies instead.
Cost-saving
Software development outsourcing is a cost-effective solution especially for startups and smaller businesses that do not have the financial resources to invest upfront in an in-house development team, which is expensive in the beginning and takes a long time to generate profit. By contracting work to other companies, firms can cut down 70–90% of labor costs, all while paying your outsourced workforce at competent rates.
Outsourcing is a flexible solution
Outsourcing software development allows you to be flexible in every which way because you have a wide pool of options to choose from. Unlike, in-house tech teams, software outsourcing providers don’t necessarily be limited to geographical locations, so you can choose a software outsourcing company located anywhere in the world that fits your projects at different timezone.
No need to worry about the scale
The requirements will vary from projects to projects. Thus, using outsourcing services would solve your concerns about the scale of the team and backgrounds of people in the team as outsourcing companies usually leave the customers to select the team that suits them the most at the time being, in certain cases.
Help you to focus on the core business
Software development outsourcing means leaving the job of coding and development for the experts — the software outsourcing company — and staying focused on the other core aspects of your business such as long-term goals, growth, and operations.
With time-saving and cost-sufficient outsourcing services, you can focus 100% on branding and marketing, finance, sales, administration and maintenance, customer relationship management, networking, and many others depending on the nature of your business.
Risks mitigation
Outsourcing software development involves less risk than choosing an in-house software development team. From an investment standpoint, since outsourcing does not require a large amount of upfront investment it mitigates a number of financial risks. This is especially helpful for small businesses and startups. Moreover, with the project being in the hands of an experienced software outsourcing company, the risks of project failure are also considerably reduced.
ABOUT NEXTFUNC
Nextfunc is a software development outsourcing company specialized in delivering services and solutions for web, mobile apps using native SDK and cross-platform frameworks. As we are living in such an ever-evolving world, our team truly understand the frequent changes in the needs and demands of our customers. With a team full of young yet talented specialists, we are here to provide customers across the globe with the best cutting-edge technologies.
