Remove 2002 Remove IT Outsourcing Remove Labor Costs
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Top Offshore Software Development Companies in 2024: Best Picks for Your Projects

Groove Technology

Offshore software development involves partnering with development teams located in different countries, often with the dual objectives of reducing costs and accessing a diverse talent pool. The global IT outsourcing market reached a substantial $92.5 This stems from the lower labor costs prevalent in many offshore destinations.

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10 Big Companies That Outsource to India and Their Struggles

Magellan Solutions

There are many reasons why some US companies outsource their IT support to India. One of them is the low labor cost. The purpose of outsourcing was the movement of work to cheaper labor in Indian markets. Dell set up its first center in Bangalore in 2001 and opened a second site in Hyderabad in 2002.