Remove 2030 Remove Nearshoring Remove Operational Costs
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Key Software Development Outsourcing Statistics and Trends for 2024

Groove Technology

Nearshoring Preferences: North American companies increasingly favor nearshore outsourcing in Latin America to facilitate collaboration in similar time zones. With outsourcing, companies can reduce operational costs and allocate more resources toward core business functions.

Software 100
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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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What is a Digital Twin and when you might need one?

Vilmate

billion by 2030, compared to a mere $6.30 It also facilitates remote troubleshooting, reducing the need for field trips and minimizing operating costs. It allows employees to gain hands-on experience and practice operating complex equipment or systems in a secure virtual environment. billion in 2021.