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Serious Talent Shortage Deepens in Software Product Engineering, the Fastest Growing Segment of $1.27 Trillion Global Engineering Spend—Everest Group

Everest Group

trillion on engineering in 2020, and more than one-third of that spend was on software product engineering. Software product engineering has been the fastest growing segment of engineering spending over the last four years and was the only segment to witness positive growth in 2020, even as overall global engineering spend declined by 2%.

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Understanding the Different Types of Outsourcing for Custom Software Development

Groove Technology

Different outsourcing models, such as offshore, nearshore, and onshore, cater to diverse business needs and preferences. According to Deloitte's 2020 Global Outsourcing Survey, 70% of companies cite cost reduction as a primary reason for BPO adoption. Gartner reports that 71% of organizations are considering multi-sourcing strategies.

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Where in the World Should Enterprises Look to Find Talent? Everest Group Research Points to India and Africa | Press Release

Everest Group

Asia-Pacific and Africa offer best source of talent for enterprises taking a long-term view; Everest Group advises companies to invest now for highest future payoff. Enterprises in North America and Europe are facing a stark reality: their onshore and nearshore labor pool has 2.4 The same is true for Nearshore Europe (e.g.,

Research 130
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How Much Can You Expect to Spend for Nearshore IT Services?

Future of Digital Sourcing Nearshoring

Nearshoring digital transformation projects is becoming the fastest route to success for today’s businesses given the great worker resignation and the tech talent shortage, says Carlos MelĂ©ndez, COO and Co-Founder of Wovenware. He shares four key considerations to select the right nearshore partner.

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Preparing for the Advancement of Nearshoring to Mexico

Ivemsa

billion USD in 2020. This program allows foreign manufacturers exemption from the 16% VAT tax on temporarily imported goods and materials, making it one of the key advantages incentivizing nearshoring to Mexico for foreign operators. One of the biggest advantages of nearshoring to Mexico is the highly-skilled, cost-effective workforce.

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Could Puerto Rico Become the Next Big Tech Haven?

Future of Digital Sourcing Nearshoring

Related news: Are You Getting the Most Out of Your Nearshore Digital Transformation Partner? federal government of fall 2020). The Nearshore Model is the Best of Both Worlds. Could Puerto Rico Become the Next Big Tech Haven? During the 2006 economic downturn in Puerto Rico, many jobs were lost and people left the island.

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Nearshoring: A Real Look at a Company’s Transition to Mexico

Ivemsa

In early 2020, a well-established aluminum extrusion company (AEC) reached out to IVEMSA regarding the possibility of manufacturing in Mexico and how IVEMSA could help. Meanwhile, inflation made it difficult to source new spaces that would fit their operational budget. and other foreign manufacturers.