Remove 2032 Remove Nearshoring Remove Regulations
article thumbnail

Advantages and Disadvantages of Outsourcing Software Development: Essential Insights

Groove Technology

The global IT outsourcing market is projected to reach $1.149 billion by 2032, according to Precedence Research, highlighting its growing importance. Key concerns include: Data breaches Intellectual property theft Compliance issues with data protection regulations (e.g., Use of secure development methodologies (e.g.,

Software 130