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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. Many CTOs demand compliance with standards such as ISO 27001 certification is essential for service providers in the global IT outsourcing landscape. The IT outsourcing market has reached $617.69

Software 100
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Why the Marriage of LLMs & LAMs is the Missing Link in AI Utility

3Pillar Global

This fusion of LAMs and LLMs is set to redefine business models, enhance customer experiences, and introduce innovative products and services. And the growth rate of AI PCs is expected to skyrocket over the next few years, with AI PCs making up 60% of all PC sales by 2027. LLMs require prompting, which limits their utility.

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Deloitte: RPA Leads the Way to Intelligent Automation

Automation Anywhere

It is increasingly clear that it takes a portfolio of technologies to succeed at intelligent automation. Deloitte’s 2021 global survey indicates 73% of all executives today have intelligent automation initiatives under development—an impressive 58% jump from 2019. The race to see which technology would prevail has been intense.

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The Low-Code Movement Will Spur Process Intelligence

Automation Anywhere

FortressIQ is now part of Automation Anywhere, and its offering is now our process intelligence product FortressIQ Interest in low-code development is skyrocketing. Annual market growth is predicted to exceed 25%, growing from $13B in 2020 to $65B in 2027, according to research from Brandessence Market Research.

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How Automation Overcomes Business Limits—an APJ POV

Automation Anywhere

Trend #1: A shift from back to front office In years past, intelligent automation, combining Robotic Process Automation (RPA) and artificial intelligence (AI), has been put to work accelerating and streamlining repetitive processes in the back office. from 2021-2027 to reach USD 1,334.3 billion by 2027.”

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Overcoming the Barriers of RPA Implementation

Automation Anywhere

Robotic Process Automation (RPA) continues to be a top trend. between 2020 and 2027. For example, according to KMPG, RPA can cut costs for financial services firms by 75%. Just ask industry watchers and technology decision-makers across industries and the globe. RPA can cut operating costs.

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How Offshoring Empowers Organizations to Embrace Digital Transformation

NoonDalton

Technologies like artificial intelligence (AI), robotic process automation (RPA), and the Internet of Things (IoT) are revolutionizing operations and delivering unprecedented customer experiences. trillion by 2027. Digital innovation is reshaping how businesses operate. Statistics back this up.