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Recent studies highlight the growing trend of outsourcing in the tech industry. According to a 2022 survey by Commit, outsourcing for startup software development is expected to increase by 70% between 2022 and 2023. billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2020 to 2027.
5000 List for the Eighth Time Marlton, NJ – Globaloutsourcing leader SEBPO claims a spot on the 2023 Inc. Between 2019 and 2022, SEBPO more than doubled its revenue and grew its employee numbers to almost 1700 employees globally. SEBPO Named to Inc. According to Kochan, SEBPO strives to claim the Inc.
Companies are increasingly looking toward outsourcing to take advantage of AI, machine learning, Robotics Process Automation (RPA), the IoT, and other technologies that help them move faster and make better business decisions. According to a 2019 report , by 2022, 80% of revenue growth will come from digital offerings and operations.
Outsourcing software development comes with many benefits, ranging from cost savings and scalability to on-demand access to the world’s top development talent. Earlier in this series, we looked at different outsourcing models—nearshore, offshore, onshore—along with the pros and cons that come with each option. Latin America.
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