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Key Software Development Outsourcing Statistics and Trends for 2024

Groove Technology

With outsourcing, companies can reduce operational costs and allocate more resources toward core business functions. 22% by 2030, making them some of the fastest-growing roles in tech (US Bureau of Labor), particularly in the business process outsourcing sector.

Software 100
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7 Popular Business Process Outsourcing Trends

Pure Moderation

from 2022 to 2030. Much of the drivers of the business process outsourcing industry’s economic success has to do with organisations putting a primer on improving efficiency, lowering operational costs, and becoming more scalable and agile. In 2021, its market value was USD 245.9 Some have also tested hybrid work setups.

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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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How foundation models can help make steel and cement production more sustainable

IBM Services

The Paris Agreement on climate change also mandates that these industries will need to reduce annual emissions by 12-16% by 2030. Generative AI , when applied to industrial processes, can improve production yield, reduce quality variability and lower specific energy consumption (thereby reducing operational costs and emissions).

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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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Sustainable technology: A competitive advantage for businesses

Capgemini

The market for sustainable technology is experiencing unprecedented growth, driven by several compelling factors: Economic benefits : Sustainable technology delivers cost savings and operational efficiencies. McKinsey reports that companies adopting sustainable practices can reduce operating costs by up to 60%.