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Outsourcing software development has emerged as a powerful strategy for businesses seeking to enhance efficiency and innovation. This cost reduction stems from lower labor costs in certain regions, reduced overhead expenses, and the ability to scale resources as needed.
As businesses become more interested in outsourcing’s capacity to lower costs, raise efficiency, and increase productivity, the market for outsourcing is anticipated to reach over $315 billion by 2025. But are there hidden costs in outsourcing? million unemployed workers.
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