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Software development outsourcing, a strategic approach to delegating software creation tasks to external providers, has emerged as a pivotal element in the global IT ecosystem. The IT outsourcing market has reached $617.69 billion and continues to expand.
The global software development outsourcing market is projected to reach $1.06 trillion by 2027, growing at a CAGR of 7.7% from 2020 to 2027. Recent studies highlight the growing trend of outsourcing in the tech industry. from 2020 to 2027. This strategy has become increasingly popular in the tech industry.
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