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Costs One of the primary drivers for outsourcing is cost savings. A study by Accelerance found that companies can save up to 40-70% on development costs by outsourcing to countries with lower laborcosts. Access to Talent Outsourcing provides access to a vast pool of specialized talent.
If you have a small team that can manage the entire software development project, outsourcing can be a great way to achieve a high level of communication. See also: Top 20 Best Software Outsourcing Companies of 2021. In fact, they might enjoy lower costs than their U.S. trillion to the global GDP in 2012.
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