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Recent studies highlight the growing trend of outsourcing in the tech industry. According to a 2022 survey by Commit, outsourcing for startup software development is expected to increase by 70% between 2022 and 2023. Outsourcing can significantly reduce development time. from 2020 to 2027.
While some changes are inevitable in software development, excessive modifications can lead to: Scope creep Extended timelines Ballooning budgets Research by McKinsey shows that large IT projects typically run 45% over budget and 7% over time, often due to uncontrolled changes. However, studies generally indicate substantial savings.
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