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Key Software Development Outsourcing Statistics and Trends for 2024

Groove Technology

Projected Growth: The global AI and ML outsourcing market is expected to grow at a 33% CAGR, with increased demand for machine learning models in e-commerce, healthcare, and finance. IT’s Environmental Impact: By 2040, the IT sector is expected to account for 14% of the world’s carbon footprint (Netcorp).

Software 100
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How to Select the Best Dedicated Travel Software Development Team for Your Business

Groove Technology

Offshore teams often provide the most competitive pricing, while nearshore options balance cost savings with easier communication. According to Phocuswright, GDS platforms still account for over 60% of all airline bookings, underscoring their continued importance.

Software 130
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Konecta-Comdata Merger Creates a Business Process Outsourcing (BPO) Giant – What Does it Mean for the CXM Market?

Everest Group

Subject to approval by authorities, the merger is expected in the third quarter of 2022, creating a global CXM leader capable of providing the “best shoring solution” to local, regional, and global clients in 30-plus languages across industries such as finance and insurance, technology, telco, retail and e-commerce, utilities, and healthcare.

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Achieve Success in Software Development Outsourcing: A Comprehensive Guide

Groove Technology

Offshore vs. Nearshore vs. Onshore vs. Hybrid Outsourcing Differences When contemplating externalized software development, it's crucial to understand the available paradigms. Nearshore Outsourcing Nearshore outsourcing involves partnering with development teams in neighboring countries or those within similar time zones.

Software 130
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BPO Business Models: 3 Must-Know Facts

Pure Moderation

These are: Marketing Accounting Data Processing IT (Information Technology) enabled services Customer service Payroll. Sectors often affected by seasonal changes in demand include retail and e-Commerce. Nearshore Outsourcing. Nearshore outsourcing or nearshoring is similar to offshoring.

BPO 98
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Fast-Growth Companies Can Also Benefit From Outsourcing

NoonDalton

Many firms are using self-service and e-commerce websites as stand-alone profit centers. Nearshore destinations such as Central America, for example, are only a short and often direct flight away. Accounting & Bookkeeping. See our professional BPO services here, including: Sales Support. Customer Support.

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Mexico: Helping to Answer America’s Labor Shortage

Ivemsa

Since Mexico manufacturing represents a huge percentage of the GDP of Mexico, more than tourism and e-commerce, the labor demand is high but so is the availability. Read more: Why manufacturers consider nearshoring to Mexico a competitive advantage. are experiencing a technical labor shortage.