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Key Software Development Outsourcing Statistics and Trends for 2024

Groove Technology

The IT outsourcing market has reached $617.69 This expanding trend encompasses diverse domains, including artificial intelligence, cybersecurity, and cross-platform applications. Organizations can achieve substantial cost reductions through outsourcing while accessing a global talent pool of 28.7 million developers.

Software 100
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Top 11 Software Development Outsourcing Companies And How to Choose The Right One For You

Groove Technology

You'll need to evaluate several criteria to select the most suitable one. Location-based Models (Offshore, Nearshore, Onshore, Hybrid) Each type has its unique advantages, particularly in terms of cost. You can expand your geographical search for outsourcing partners to other countries to optimize costs further.

Software 130