Did you know that around 53% of European companies have difficulty finding IT professionals? Challenges in hiring skilled professionals was the initial reason many businesses sought to outsource.
The worldwide IT outsourcing market was worth $66.52 billion in 2019. It is expected to grow to $395 billion by 2022 and surpass $585 billion by 2027. This expected growth indicates that the majority of businesses use IT outsourcing.
Long-term collaborations in software development outsourcing could be a game-changer for companies looking to maximise their potential.
In a previous article, I wrote about the debate between developing software internally or relying on an external partner. By combining internal and external software development teams, companies can achieve balance, mitigate risks, leverage external expertise, foster knowledge sharing and strengthen their software development capabilities for growth and success.
In this article, I will talk about the importance of the right timing for engaging external software development partners.
Companies lacking experience in collaborating with external partners often contemplate whether they should initiate a cooperative relationship with a software development partner or continue exclusively expanding their software development capabilities through internal hiring. Developing software completely internally or completely with an external partner is not a good option. Based on our experience, the optimal approach is to have an internal software development department while strengthening it with the support of an external partner. This is especially important for high-growth companies.
Software development outsourcing has grown in popularity in recent years for a variety of reasons, including a high-level skill set, time and cost-effective development, a greater emphasis on core company tasks, and so on. According to Statista, the worldwide IT outsourcing industry has already topped $92 billion, with the software development outsourcing industry contributing significantly. If you decide to outsource, before choosing a software development partner, familiarize yourself with the process of the software development outsourcing process itself, which consists of several steps.
Are you a company in the post pandemic period and are struggling to keep up with demand? Luckily, despite the increased challenges in 2022, there are many solutions to augment and extend your IT team immediately without the added costs and time to hire new employees. This article will outline how the fix cost, staff augmentation, and team extension models work and which model will best service your needs, especially as companies face the additional challenge of staffing shortages in this post pandemic period.
After the Great Depression in the 1930s and the Great Recession in 2008, the year 2021 was characterized by the Great Resignation - a phenomenon that marked the business world through the second year of the pandemic. Given the global situation that has prevailed for two years, resignations among healthcare workers who are on the front lines of the pandemic did not come as a surprise. But where do software developers fit in?
In an interview with Mirko Gudelj, Vice President Business Technology at Protel hotelsoftware GmbH from Dortmund, Germany, we talked about the importance of digitalization in the hotel and tourism sector and what the advantages of its use in the race against the competition are.
The target date for the entry of the Republic of Croatia into the Eurozone is still set to 1 January 2023. But while the start of 2023 is the first possible date of entry, some forecasts claim that not all the requirements will have been realized by then because preparation projects last up to 3 years, and 90% of the cost lies in IT system adjustments.
For many companies out there, the term outsourcing is still tabula rasa. With rapid growth of business comes the need for digital transformation, and this need exploded during 2020. Every company today is also to some extent a software development company, as their needs expanded to include implementation of some software within their organization. To […]
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