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Key Software Development Outsourcing Statistics and Trends for 2024

Groove Technology

billion, with projections indicating a 5% annual growth until 2027, primarily driven by enterprise software development requirements. These projects support businesses in managing operations more efficiently and meeting their digital transformation goals. The IT outsourcing market has reached $617.69 billion and continues to expand.

Software 100
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Ways RPA Improves Efficiency of GRC Activities

V-Soft Consulting

To drive automation efforts, RPA has been a main strategy for many business functions to drive efficiency at optimal costs. billion by 2027, according to GlobalNewsWire. One such critical business function is Governance, Risk, and Compliance (GRC). The Enterprise Governance, Risk Management, and Compliance Market was valued at $31.95

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The Future of Work: Enhancing Efficiency with AI-Powered Low-Code Automation

Amzur

In this evolving environment, low-code automation empowered by AI emerges as a powerful tool to optimize efficiency, unlock human potential, and pave the way for a more productive future. A Statista study reveals that the global low-code development platform market is expected to reach a staggering $65 billion by 2027. We don’t spam!

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Capital investment is about to surge: Are your operations ready?

McKinsey & Company

By 2027, about $130 trillion will flood into capital projects. But few organizations today could deliver with the speed and operational efficiency the influx demands.

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Why Outsourcing Accounting and What to Outsource for Long-Term Success

Auxis

Why outsourcing accounting is clear: it enables CFOs to reduce costs, improve productivity and efficiency, alleviate the industry’s talent crunch , and increase their internal focus on more strategic activities.

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Everything You Need to Know About Outsourcing Software Development for Startups in 2024

Groove Technology

trillion by 2027, growing at a CAGR of 7.7% from 2020 to 2027. According to a survey by Clutch, 71% of small businesses plan to outsource to maintain efficiency in a growing market. from 2020 to 2027. This strategy has become increasingly popular in the tech industry.

Software 130
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The dynamic forces behind data center re-transformation 

IBM Services

IDC predicts a surge in AI-enabled automation , reducing the need for human operations intervention by 70% by 2027​​ However, AI is also a disruptor, necessitating advanced infrastructure to meet data-intensive computational demands.