Remove Cybersecurity Remove Operational Costs Remove Selective Outsourcing
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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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How to overcome software outsourcing challenges

The Scalers

In outsourcing, contractors are hired directly for one-off projects by working with third parties. It’s one of the least expensive working methods, and it’s typically used by businesses looking to reduce short-term operational costs. Nonetheless, companies shouldn’t hire or outsource engineers just for this purpose.