India: A Go-to Choice For Software Development Outsourcing
There are a lot of instances when your IT team would be piled up with more tasks than what they can handle. If such is a situation for you then outsourcing your software development work would be a great idea.
But while outsourcing make sure you are choosing the right partner for meeting your software development needs. Now, you would ask me which is the best country to hire when looking to outsource software development. I would say it’s “India”.
India become a seasoned IT hub has emerged as a leader in providing IT outsourcing services in the recent past. The nation has turned itself into a large offshore software development center that can also handle web app development & mobile app development.
Based on the above excellence & service funnel, I can say that outsourcing software development from India would be the best decision.
But, you would wonder why is India a good Software Development outsourcing company. To answer all your doubts circling concerns, I have come up with this article. Are you ready to get started?
But, before heading into the details let’s first understand the term “Software Development outsourcing.
What is Software Development Outsourcing?
A basic definition of outsourcing is when an organization uses the expertise of an external agency for specialist skills it is known as software development outsourcing. Let’s understand what makes India the best when we talk about Software Development Outsourcing.
The next section of the article will cover all the important Statistics you need to do while considering Software Development Outsourcing in India.
Software Development Outsourcing from India: Some Statistics to Know
Here are some compelling statistics that highlight India's prominence as a top outsourcing hub globally:
India is a frontrunner in outsourcing software development services.
A report states that by 2025, India’s IT & BPO industry is projected to generate $350 billion in revenue which was $177 billion in 2022.
The United States is India’s biggest market for outsourcing services
A recent survey conducted by Deloitte reveals that 59% of the US businesses they queried are already outsourcing operations to India, with an additional 22% contemplating such a move.
India boasts a vast pool of English-speaking professionals, with over 2 billion people fluent in the language.
Each year, India produces 1.5 million engineering graduates from its numerous technical institutes.
Forecasts indicate that the Indian outsourcing industry will experience an annual growth rate (CAGR 2022-2027) of 11.80%, leading to a projected market size of US$12.47 billion by 2027.
Now, let’s discuss why Outsourcing Software Development to India is a Win-Win situation.
Why Outsourcing Software Development to India is a win-win- situation?
India is recognized globally as a hub for outsourcing software development, offering a compelling blend of affordability and high-quality services in the IT sector. Aiming for a revenue milestone of USD 350 billion by 2025, the Indian IT industry is on a robust growth trajectory.
Furthermore, India boasts the fastest-expanding pool of software developers worldwide, underscoring its premier position in the realm of custom software development.
These factors collectively underscore India's prominent status in the field of software development.
Now, let’s underline 6 points to provide Why Outsourcing Software Development to India is a WOW idea.
Reason No. #1 Vast Talent Pool
India has the world’s biggest skill pool, the reason why businesses are attracted to India. Each year around 0.5 million software graduates are employed in India, which results in 98% of young skilled developers aged 18-35.
The country has a high number of exceptionally skilled programmers, thus it becomes easier to cater to the software development requirements. Employing these many skilled professionals provides you with a lot of benefits:
An ability to quickly adapt to disruptive technology
Providing a variety of specialization
Easily meeting the deadlines
The above benefits will allow the IT sector to tackle the needs of a vast number of industries. India as an IT hub has focused on developing skill sets such as AI, Big Data, IoT, etc. due to its vast IT pool of professionals.
Reason No. #2 The English Language Advantage
Facing any language or communication hurdle in India is not possible as India is one of the biggest countries speaking the English language. India is the world’s second-largest English-speaking country, after the United States.
The fact that India is one of the most fluent English-speaking nations encourages & influences the outsourcers to select India as their outsourcing partner.
Reason No. #3 Cost Advantage
The amount of cost savings that organizations are receiving is the number one reason why India is the top outsourcing provider. The reason behind this is the huge disparity in labor costs between India and other nations.
For instance, in a country like the U.S., a skilled developer would charge anywhere from $50 to $80/hour. Whereas in India, the hourly rate of an Indian developer would be as low as $15/hour.
This flexibility in pricing enables businesses the freedom & creativity that they need to manage their budgets while working on the development project.
Now, let’s check out the #4th reason why you should partner with India to meet your software development outsourcing needs.
Reason No. #4 Time Zone Advantage
While outsourcing software development you will receive the advantage of working in various time zones. By doing so the organization can attain a boost in their productivity.
India has the upper hand even when we talk about time zones from a geographical perspective. The difference in time zones is as follows:
India is three and a half hours ahead of Eastern Europe and nine and a half hours ahead of the United States.
Singapore is two and a half hours ahead of India.
Australia is four and a half hours ahead of India.
Due to these time zone differences, Indian companies can provide round-the-clock support & turnaround for fulfilling project development requirements.
Reason No. #5 Quality
There’s no doubt that a company would attract lower costs, but the quality of the final products will not let them go. One of the reasons why India is here to stay in the game of Software development outsourcing.
According to one statistic, India has beaten China by becoming one of the most attractive investment destinations in the industry, with a staggering share of 55%.
Although India is receiving tough competition from its competitors, it can deliver high-quality products. Thanks to the diversely talented IT pool of India.
Reason No. #6 Next-gen Technologies
India is a nation that has produced next-gen tech professionals in almost every technology ranging from IoT to ML. There is no doubt about it, as you would find an IoT software development company and a Laravel development company all in a country like India.
If you want to ace the outsourcing services you need to choose your outsourcing partner thoughtfully.
Now let’s understand what are some that you should keep in mind while Outsourcing Software development from India.
6 Things to be kept in mind while Outsourcing Software Development
The quality of service that India offers & the work it delivered in the past have made India a hot choice for enabling software development outsourcing services. The software outsourcing concept has reached its summit. Many companies are now considering outsourcing to supplement their business offerings.
Before choosing your software development outsourcing partner there are a few considerations you should make a note of:
Ensure that you align your business KPIs with the service offerings before considering outsourcing.
Assign tasks that are not your core competencies and are time-intensive, which slow down your business due to inadequate expertise.
Avoid outsourcing areas where you hold expertise.
Select an outsourcing team based on their proven track record and portfolio, not merely on the cost they propose.
Safeguard both your developed applications and intellectual property.
Generally, it is wise to involve your internal team in strategizing for new business initiatives.
Now, let’s understand how you can select software outsourcing services from India
How you can select software outsourcing service from India
Below are some core tips on how you can choose the right software development outsourcing company in India:
1 Do your research
It is important to do your research before selecting a software outsourcing services provider. Keep looking for companies that have a good reputation & a proven track record of delivering high-quality results.
2 Consider your budget
While selecting an outsourcing software development company, consider your budget and ensure you get the value for your money. Finding a cost-effective service provider will help your company get quality software solutions at a profitable price.
3 Check out their portfolio
Evaluating the portfolio of an outsourcing company is an effective method to gauge its competencies. Reviewing their past work provides insights into their experience and helps determine if they are capable of fulfilling your specific needs.
4 Comparing quotations
After narrowing down your options, comparing the quotes from these companies is crucial before reaching a final decision. This comparison will clarify the cost structures and assist in ensuring that you receive good value for your investment.
5 Negotiate Terms
Before finalizing the agreement, it is crucial to discuss and settle on terms with the outsourcing firm, covering aspects such as payment schedules, delivery timelines, and the extent of the services provided.
Now, let’s understand how I can help you with Software Development Outsourcing.
How I can help you with Software Development Outsourcing
As a leading authority in IT outsourcing on LinkedIn and the proprietor of Acquaint Softtech Private Limited, I bring over 15+ years of experience in this domain. My team and I specialize in IT Staff Augmentation Services and custom software development. With more than fifteen years in the industry, we are committed to assisting enterprises such as yours in developing customized software solutions and helping you hire remote developers to meet your specific requirements.
Now, let’s quickly recall what we learned by wrapping up the discussion.
End Notes!
In India, companies ranging from emerging startups to established business enterprises are showing a huge interest in software development outsourcing. Companies from developed nations like the United States & the United Kingdom are choosing India as their software development outsourcing partner.
The prime reason behind choosing India as an outsourcing option is to earn a lot of profit by cost savings. So, your company should make the most of these modern software outsourcing companies in India. They are well-known around the world for their excellent services and broad knowledge.
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