Given the ever-rising need for offshore software development, IT companies are now opting to outsource their projects to offshore software development firms located all around the world. With offshore development, you can outsource your work to a 3rd party company.
A company can outsource a range of technology-related resources that can be easily outsourced, including web application development, mobile application development, UI/UX design, and so on.
However, things have changed a lot in the past few years, and here are some of the latest trends in offshore software development for the year 2021.
Trends in Offshore Software Development 2021
Enhanced Level of Data Security:
Now, this has been a long-standing concern for business owners who outsource their software development requirements for countries far and wide. Many organizations find data security issues when they outsource their requirements to a foreign country.
However, it does not mean that all 3rd party companies are trustworthy, and falling into the traps of a fraud company could lead to trade secret compromise. With the evolution of technology, we get intensified assessment for security risks related to businesses nowadays.
Today, customer concerns are addressed in the right way to ensure data integrity regardless of where you outsource your project.
Integration of Cloud-Computing:
Although cloud computing is a thing that has been used for quite some time, it has only recently gained popularity among companies that outsource their IT project requirements. As per a study conducted by the International Data Group (TDG), about 69% of businesses tend to use this technology at some capacity.
It has also been said that the companies that implement the use of cloud computing tend to enjoy about 53% faster growth in revenue as compared to their competitors.
Increased Usage of the Collaborative Tools:
Collaborative tools are a way to get access to a large collection of individuals that support one another to accomplish an objective. With an increase in offshore development, several collaboration tools have surfaced to be used by the offshore and onshore teams with regard to a business.
Given the rising demands of today’s business needs, application developers are working on collaboration and communication tools at a fast rate. This particular growing trend is slated to ensure that business owners that invest in any offshore team of their choice won’t have to worry about any miscommunication, cost deflection, or time management issues.
Blockchain Technology Integration:
Blockchain has surely played a unique role in the IT outsourcing industry. From healthcare organizations to media houses, almost everyone has been looking forward to enhancing the business models with the use of blockchain technology.
Blockchain has surely attracted the curiosity of the financial firms & banks; however, it also has created a good amount of ripple in today’s IT industry. The advantages of using blockchain technology include reduced costs, increased resilience, minimal complexity, reduced data duplication probability, and enhanced digital transaction speed.
Given the ever-increasing demand to adopt the Blockchain features, more and more software developers are automatically turning their focus to the offshore developers who use the Blockchain experience nowadays.
Increased Need for Skilled Software Engineers:
The global IT services spending by the year 2021 will exceed the mark of $1 Trillion. However, there has been a shortage of in-house expertise. And this is something that can be compensated by outsourcing the requirements to countries beyond the borders.
From cybersecurity services to AI, blockchain, and cryptocurrencies, talent is needed every now and then to take off the unwanted work pressure. The overwhelming surge of new technologies and shortages in the employees’ availability has promoted the outsourcing of requirements to different countries that ensure skilled individuals are available as needed.
More Choices for Outsourcing:
As the IT spending gets larger, more and more companies outsource software development on a wider scale. Given the work scope and better future, software companies now have a better and large number of choices to help them select the best option from the lot.
Whether it is a manager, IT engineer, creative designer, or a lead generator, outsourcing has brought together multiple options to help you choose the best individuals for your project. With this, you get perfect control and choice in terms of delivery with a minimal glitch in the IT processes.
Automation of Business Processes:
Another prominent change in the IT outsourcing sector is the use of automated business processes in software outsourcing. In conjunction with AI (Artificial Intelligence) and Robotic Process Automation (RPA), business process automation is the third most prominent need in offshore software development for the year 2021.
This rise in the global workplace automation trend was predicted about a while back by CMC Global. Given the involvement of large and renowned outsourcing service providers, companies can now effectively incorporate the use of bots or virtual assistants to ease up the working routine.
It is done to take care of the repetitive and primitive work pattern that existed before the onset of changes in technological trends.
With the end of 2020 and the start of 2021, we can surely expect a major boom in outsourcing technologies. Apart from being aware of the latest technologies in software outsourcing, one must also be aware of the fact that selecting the right outsourcing service provider is the key. So, always look for reliable offshore companies that bring in the best business strategies as per the market trends to help a company.