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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 laborcosts prevalent in many offshore destinations.
The major consumers of outsourced analytic services are the banking, financial services and insurance (BFSI) sector, accounting for about 33 percent of market revenue in 2014, followed by the healthcare industry. Much of the demand for outsourced analytics comes from North America and Western Europe. Reference: – [link].
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