Remove 2030 Remove Collaborations Remove Software
article thumbnail

Key Software Development Outsourcing Statistics and Trends for 2024

Groove Technology

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. billion, with projections indicating a 5% annual growth until 2027, primarily driven by enterprise software development requirements.

Software 100
article thumbnail

A Complete Guide to Outsource Software Development Successfully for Your Projects

Groove Technology

Outsourcing software development has emerged as a powerful strategy for businesses seeking to enhance efficiency and innovation. This article delves deep into these critical areas, offering 10 actionable practices for businesses either contemplating or currently engaged in software development outsourcing.

Software 130
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ranking the Best Countries to Outsource Software Development in 2024

Groove Technology

Outsourcing software development involves contracting out the creation, maintenance, and evolution of software applications to external providers, often in different countries. from 2024-2030 (Grand View Research, 2023). The global IT outsourcing market is expected to reach $526.6 billion in 2023, with a projected CAGR of 7.7%

Software 130
article thumbnail

The Inevitable Rise and Impact of Digital Engineering

Zinnov

Growing at a 20% faster CAGR than Services and Manufacturing-led verticals, Hi-tech-led verticals – that include Software & Internet, Telecom, and Consumer Electronics – are the largest contributors to the Digital Engineering spend. This demand is projected to witness a CAGR of ~16% from 2021 to 2030, to reach a staggering USD 1.3

article thumbnail

For the planet and people: IBM’s focus on AI ethics in sustainability

IBM Services

. “AI is an unbelievable opportunity to address some of the world’s most pressing challenges in health care, manufacturing, climate change and more,” said Christina Shim, IBM’s global head of Sustainability Software and an AI Ethics Board member. In our 2023 Impact Report , we reported that 70.6%

article thumbnail

Fast-forwarding Enterprise CleanTech for Next-gen Energy Transition

Zinnov

This shift offers an unprecedented opportunity for businesses within the CleanTech industry, a sector projected to reach a staggering USD 380-400 Bn by 2030. Simultaneously, it is expected to create around 35,000 net-new jobs through a dynamic ecosystem of over 2,000 Independent Software Vendors (ISVs). By 2030, an additional 1.2

article thumbnail

Unpacking digital transformation in manufacturing

The Scalers

According to Allied Market Research, the global manufacturing market will reach €1400bn by 2030. In this era of digitalisation, businesses must hire talented software engineers to help adopt a laser-focused strategy that prioritises impact, speed, and scalability. Digital transformation in manufacturing is on the rise.