Outsourcing software development has become the standard for many companies, and there are several good reasons as to why. Offshoring operations has allowed for possibilities that weren’t possible before with in-house development. The outsourcing market for software industries in the United States alone is worth over $130 billion USD. You may ask yourself now why outsourcing is such a huge industry, and whether or not it’s the best move for your business.
Today, let’s talk about the benefits of outsourcing your software development, and what traits you should be looking for in a software development partner.
But First, What Is Outsourcing?
Outsourcing is a business practice where a company, instead of hiring new people to perform new services for the company, hires the services of a third-party company to do the work for them. This service is often taken as a cost-efficient option by companies that are looking to maximize profits. Many industries outsource services, but one of the largest by far is the IT industry. Specifically, the software development industry is in a huge wave of demand for many companies.
Software development outsourcing is an industry that has only grown larger thanks to the spread of remote work environments thanks to the COVID-19 pandemic of 2020. Remote work melded easily with outsourcing, and so it has become the norm for many companies to outsource a lot of their work.
Benefits of Outsourcing
A lot of companies these days are having trouble with finances. Hiring new employees can take up a lot of time and resources, which most companies do not have in abundance. Instead, a lot of companies these days just go for outsourcing. Third-party companies that specialize in software outsource are far cheaper in both time and cost.
However, make sure that the company you choose is reputable and reliable. A lot of third-party companies out there offer incredibly low prices but at the cost of quality. Remember, you get what you pay for. While saving money is important, accomplishing your work should be a far higher priority.
Critical Task Prioritization
Many companies have started downsizing their numbers in favor of focusing on crucial tasks. However, they still need someone to do the majority of day-to-day development. In-house development, especially for startups, can take up a lot of time that some companies may not even have. However, by outsourcing the non-mission-critical tasks, you and your team can focus on the high-priority tasks without any distractions.
Tasks such as employee management, product planning, and managing business finances can be given the proper focus by your in-house staff. In addition, you can also make room for hiring non-developmental staff on our payrolls, such as marketing and sales.
Software development is an incredibly competitive market. There is no time to waste looking for a team of seasoned developers, especially for start-up companies. A dedicated software development team is hard to build. Save on time and training by hiring a reputable third-party company as your dev team.
If you were in-house, you would have spent a significant amount of time screening every single applicant. With a third-party company, you already have a full team you can see for yourself.
New markets are a constant search in modern-day technology. Expansion is a must for those who seek growth, but experts for new software are hard to find on your own. Many third-party software development companies offer a whole host of different teams for you to pick from.
Improved Customer Experience
Finding a skilled outsourcing company isn’t just about finding someone to “do the grunt work” as some may falsely believe. The customer experience is something that a skilled outsourcing company must also excel at. Engaging in customer surveys and observing trends should be part of the deal with third-party outsourcing. Building software that the end-user will actually make use of is key to any software development. They should be able to answer any inquiries and feedback on the software as well as your company does.
Outsourcing provides versatility that you wouldn’t be able to have with an in-house team. Since a lot of software development is understood to be on a project basis, there are no worries with keeping them situated. Once you are done, your company is free to move its business elsewhere. You can let go of an outsourcing team without any bad blood or costs attached. On the other hand, if your project suddenly balloons in scale, you can simply hire more experts to shore up your manpower in only a few days.