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Key Software Development Outsourcing Statistics and Trends for 2024

Groove Technology

By 2027, it’s expected to grow at a compound annual growth rate (CAGR) of 5%, with a significant portion of this growth driven by software development outsourcing as companies seek specialized technical skills and cost-effective solutions. platform independence, automation, and enhanced security.

Software 100
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Renewable energy in action: Examples and use cases for fueling the future

IBM Services

More than 110 countries at the United Nations’ COP28 climate change conference agreed to triple that capacity by 2030, and global investment in clean energy transition hit a record high of USD 1.8 Through AI, IoT and analytics, this cloud-based platform can optimize performance and reduce operational costs.

Sourcing 101
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A Complete Guide to Outsource Software Development Successfully for Your Projects

Groove Technology

This cost reduction stems from lower labor costs in certain regions, reduced overhead expenses, and the ability to scale resources as needed. According to a report by Korn Ferry, by 2030, there will be a global talent shortage of more than 85 million people.

Software 130
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Role of AI in Revolutionizing Customer Experience in the Utility Sector

Mattsen Kumar

billion by 2030. from 2024 to 2030. IBM’s global study results demonstrate that 74% of Energy & Utility companies surveyed have implemented or are analyzing using AI in their operations. According to PwC AI-driven predictive maintenance can reduce operational costs by up to 30%.

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The future of renewable energy

IBM Services

In September 2022, The White House announced plans to deploy 30 GW of floating offshore wind power by 2030. This initiative is set to provide 10 million more homes with clean energy, help lower energy costs, support clean energy jobs and further reduce the country’s reliance on fossil fuels.

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Hiring trends that are reshaping the future of work

The Scalers

In fact, a study conducted by Global Workplace Analytics estimated that roughly 25-30% of the global workforce could be working remotely by the end of 2020. Today, HR has quadrupled its use of predictive analytics over the last five years from 10% in 2016 to 39% in 2020. Safe to say, this is one hiring trend that is here to stay.

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RAN intelligent controller – the innovation engine in O-RAN

Capgemini

RIC employs real-time network data collection, analytics, and optimization algorithms to optimize the network dynamically. Energy efficiency and saving operational costs: Operators have to meet stringent energy efficiency goals by 2030. More details here.