Benefits of Outsourcing Development to Indian Programmers
Recently, outsourcing has become a top choice for companies worldwide. Irrespective of the size, they increasingly turn to external firms or individuals rather than their in-house teams to carry out specific tasks. Companies save money on payroll and hiring this way. It also gives their staff more time to work on essential duties for the company. And this is particularly true for IT companies. It is in fact, believed that in 2023, global spending on outsourcing will hit $731 billion. But do you know the trend of outsourcing software development to Indian programmers is on a hike?
There are currently 59% of businesses outsourcing to India, while another 22% are considering doing it. As a result of several important factors, India is well-positioned to retain its global leadership in outsourcing. But is it something you should consider? You’ve come to the right place if you’re looking for an answer. Because this blog is going to be all about the benefits of outsourcing software development to India. We will go over every aspect in depth to assist you in deciding whether or not outsourcing to India is a good idea.
Quickly grab a cup of coffee/tea and stay put with us until the end.
Why Is There a Growing Trend in Outsourcing?
It can be difficult to find answers to the question “Why do businesses outsource?” Depending on the kind of business and its requirements, there are not just one but a number of reasons. And the reasons will always vary. Because competition is increasing every day and companies just don’t want to survive but stay ahead of their rivals.
But let us see some of the common reasons why outsourcing has gained popularity in the recent past.
When a company requires greater expertise:
Any company, big or small, can’t have all the resources and required skillset at its behest. Even after having a big team of in-house employees, they lack something or the other. And hiring every now and then is not a smart move. This is where outsourcing takes place. When a business wants to take an expert’s assistance with having superior knowledge and experience in the field, they opt for outsourcing that particular task to other companies or individuals.
Outsourcing helps companies get their work done in a cost-effective manner:
Cost reduction is one of the main factors influencing business outsourcing decisions. When businesses outsource their development projects to countries like India and the Philippines, they can hire developers for a fraction of the price of their Western competitors. This is a result of the low cost of labor in nations like India and the Philippines. Thus, helping companies get high-quality work at low cost.
The in-house team can then focus on core business activities:
The business will no longer need to divide its staff’s attention among different areas once the less crucial tasks are outsourced. This gives the company more time and energy to focus on its core competencies. The timely delivery and updates from the external resources help the business run more efficiently as important issues receive top priority and the entire organization’s attention.
Outsourcing comes in handy during seasonal workflow/ off-seasons:
The majority of the companies that outsource their development projects are based in developed countries. And due to seasonal workflow, some of them tend to face staff shortages. Such shortages take place during the off-season and when the internal staffs are on holiday. During this time, external resources assist businesses in managing their workload in a cost-effective manner.
Businesses get the benefit of working with global talent:
Distance is no longer a problem thanks to technological advancements. A US company for example can easily get their work done by a developer in India or a development agency. That too without bearing any expenses and investing energy when compared to internal teams. In this way, they benefit from the new technologies that these specialized outfits/individuals incorporate.
Why Should You Consider Outsourcing Development Projects to India?
India is a popular offshore location for software development! The Indian IT sector is well-known throughout the world for its affordable prices and high-caliber software offerings. As of 2022, India continues to be the top market for sourcing, with a 59% share of the market. Today’s tech sector in India generates $200 billion in revenue.
India continues to have the largest base of software developers and the fastest rate of growth globally. By 2025, the Indian IT sector hopes to generate 350 billion dollars in revenue. 40% of India’s workforce is anticipated to upgrade their skill set over the next five years. This way they will be able to meet more sophisticated business requirements. There are 14 super cities in India that are recognized as being suitable locations to outsource software development.
With that said, let’s take a broad look at the factors that make India one of the world’s top outsourcing locations.
India has a vast and expanding human resource base:
In India, 3.1 million students join the labor force each year. India’s developer demography is the youngest in the world. More than 95% of developers are between the ages of 18 and 35. Additionally, the IT sector hires nearly 200,000 recent graduates in the software industry each year.
Indian software development outsourcing companies are excellent at both project management and development. In addition to producing the highest quality work, they also manage the entire project from beginning to end.
The Indian labor market is cost-effective:
The benefits of outsourcing’s cost-saving features are generally thought to be desirable. When you outsource, you don’t just save money on their maintenance but also on setting up your own team, infrastructure, and technology.
But there is an additional cost-saving advantage to outsourcing software development to India. There are many software development companies and thus many engineers, which has led to a fiercely competitive industry. Additionally, it offers high-quality service at reasonable costs, which is a hallmark of a competitive market.
Modern IT infrastructure and trending technology are used in the Indian IT industry:
Although India is still a developing country, it is difficult to compete with India in terms of infrastructure and technology. India has attracted numerous domestic and foreign investments in IT thanks to its sizable engineering resource pool, aptitude for IT, and success in software development.
Indian software developers, custom web developers, and mobile app developers have access to a great deal of talent, as well as world-class technologies and infrastructure. Thus, making India a great destination for software development outsourcing.
Indian IT industry has the support of the Indian government:
The IT sector is one of India’s high-priority industries having the full support of the Indian government. It consistently enhances its regulations to promote the expansion of the sector and support the hiring of Indian programmers.
The government has offered numerous tax advantages and exemptions for investments in IT, which has inevitably attracted new investors and fueled IT expansion. Long-term government initiatives, like Digital India, have significantly improved the social ecosystem’s technological environment. In addition to the IT sector, the government is also undergoing a paradigm shift in the technological sphere with the goal of fostering cross-sector technological cooperation between the public and private sectors.
India is the market leader in software development:
By 2024, India is expected to surpass the USA as the country with the most app developers worldwide. India will have 5.2 million developers, which is a significant increase from the USA’s 4.4 million developers.
Additionally, India is positioning itself for enormous success thanks to the five megacities spread throughout the nation. They are home to 4,500 startups that have received recognition in the Internet of Things (IoT), robotics, artificial intelligence, and analytics sectors.
Indian IT industry offers the top-quality services:
Low project costs might be the reason to get attracted to the Indian market. But what makes global companies stay with the Indian IT industry is their top-tier work quality. According to recent statistics, India has risen to the top of the list of investment destinations in the IT sector, accounting for 55% of all outsourcing.
Delivering the highest quality software solutions is a requirement for any IT industry in the world. And the same is for the Indian industry if they want to thrive in the market and survive the fierce competition. As a result, the Indian software market is constantly implementing new technologies and picking up new skills. Thus, delivering services without compromising even a bit with its quality.
Indian developers work with a global mindset:
Indian programmers operate with an international outlook. They are always prepared to compete on a global scale as the physical barriers posed by geography are becoming less of a problem in the world of cloud-based working.
India is a great place to hire developers for those looking to create an English-speaking offshore team. Because there are more than 125 million English speakers living here. This reduces the possibility of communication errors and guarantees a quick onboarding procedure.
Additionally, there is a willingness to offer services around the clock. These talented developers are eager to strike a balance with businesses, adapting their work schedules to fit your availability and their working styles to match your corporate culture and operational guidelines.
BookMyTalent Can Help You Outsource Your Software Development
There is no denying India is a haven for companies looking for software development services. After outsourcing software development to India, you can enjoy a number of short- and long-term advantages, including lower costs, greater flexibility, and higher productivity.
India is the preferred location for outsourcing software development because of its connected economy and technologically savvy populace. It has been at the forefront of the more than 20-year offshore software development trend. So, if you’re also planning to outsource your development projects, go ahead with the Indian tech industry.
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