Growth of Offshore Software Development in the New Normal

Growth of Offshore Software Development in the New Normal

Some businesses thrive under pressure, finding innovative solutions to resolve a problem. When the global pandemic struck, it forced businesses to expedite their digitization journey at an unprecedented pace. These required a high level of innovation, depending on the business’s size and nature. From online fitness sessions to food delivery apps, a new wave of remote solutions has taken over the world.

Offshore software development had been growing in popularity a few years before the pandemic came. Let’s take a look at how this landscape will be affected by the new normal.

Software Development in 2021:

Regardless of the products or services a business offers, its digital presence will ensure you are always one step ahead of the competition in today’s cutthroat landscape. Given the situation today in a post-Covid world, where physical access is highly restricted, mobile applications are among the few ways people can interact with your business.

With this as a starting point, now is the right time for businesses of all sizes – SMEs, start-ups, and multinational conglomerates – to start developing applications that use emerging technologies. With the leading role that digitization plays in our everyday lives at different steps, hiring an offshore software development partner is the best way to meet your business’s app and software development needs.

Furthermore, there are about 2.7 billion unique smartphone users today. Nearly all users spend almost 90% of their time using the phone browsing various apps. Businesses with a focused app development team can easily lead the IT sector from the front and capture a potentially large market share. A well-designed app can propel your business to new heights by providing you with a new channel for promoting your brand. Software development is an asset that can help you to recognize and cash in on market opportunities where transactions worth millions take place each day.

Also Read: 5 Key Custom Software Development Trends to Watch In 2021

Benefits of Outsourcing Post the Pandemic:

Lower cost of out-staffing and outsourcing:

Hiring an in-house IT team and planning around training them to sharpen their skills is a costly affair. According to Statista, the hourly rate that the average Android or iOS developer charges in the US are around $150-168. On the other hand, prices for onboarding offshore software development agencies are much more efficient. This case is prevalent because such top-notch agencies have in-house trained experts that make the project management and development a seamless affair.

Faster development time and time-to-market:

When you are working on a unique app, your launch time makes a huge difference. It plays a crucial role in targeting your chosen audience in real-time. Outsourced software development teams come with experienced talent and expert developers who have all the capabilities needed to support various process stages.

The lower workload for employees:

Today, operational efficiency translates to a streamlined business process, meaning it positively impacts the bottom line. Hence, even if things are uncertain, businesses will not have to shrink their talent pool or allocate a ton of work, resulting in higher work stress and compromised output quality. In this situation, outsourcing your software development needs is the right solution that can reduce the burden on your employees.

Reduced software development budget:

An economic slowdown has adverse effects on a business’s everyday expenses. However, you can reduce your expenditure so that your income and profitability increase consequently. Investors might not want to invest in your business when looking at the high expenses of developing apps in-house. However, outsourcing the same project to an offshore development team will offer you a cost-effective plan of action for app development.

According to data by Statistic, the global market for outsourced services is valued at $92.5 billion, expected to grow every year. Outsourced software development teams are already equipped with all the tools and expertise required and can start work immediately. Therefore, you can cut down on all expenditures associated with setting up your in-house team.

Also Read: Why Should You Choose India For Outsourcing Your Software Development?

Streamlining the software development process:

Creating a data and app development strategy with a limited number of in-house experts can do more harm than good for your business. When you turn to an expert outsourced development team, you get access to a larger team of experts who can help you plan the development process and your app development experience.

If you have relied on in-house teams for your development needs, it’s time to consider offshore software development. Make the right choice and contact RSK BSL’s team of expert developers today. We can simplify the software development process for you and give you a high-quality output within your budget.