With rapid developments in technology, outsourcing companies are continuously adapting to new advancements to enhance their work and build productivity. Thus far, Outsourcing has successfully transformed many global industries – particularly the Software industry.
The outsourced market continues to grow at an incredible pace during new industries. The software development company chooses outsourcing o to optimize their internal processes and implement new technologies to increase efficiency.
But, this isn’t just enough! There are certain trends organizations need to adopt that can make a difference in delivering top-notch services and outpacing the competition.
Statistics and Facts—
According to Technavio, the IT outsourcing market is expected to grow approximately $486.16B by 2024 with a 5% CAGR during 2020-2024.
The global market size of business process outsourcing was valued at USD 232.32 billion in 2020 and is expected to register a CAGR of 8.5% from 2021 to 2028.
Top 7 Predicted Software Outsourcing Trends to Shape 2022
The year 2021, which fundamentally affects all everyday issues, including programming advancement, is finally ending. Looking forward, it is difficult to say what surprises await us. However, we can analyze some of the essential software development trends that will shape the industry in the future.
Mobile-First Approach
Mobile users are expected to increase 17 times between 2017 and 2022. Mobile users are now more than half of online traffic, and desktop traffic can possibly soon be a minority.
More companies are relying on the mobile-first approach and abandoning the desktop-first approach. Applications such as Snapchat, Uber have already bet on mobile solutions and have been in trend since they adopted mobile solutions.
Few users find no difference between the desktop and the mobile experience. But, the fact is, companies can not be cutthroat without a responsive mobile version. If your software development company hasn’t yet adapted to mobile applications, it is time to contact a reliable outsourcing partner to bring more agility to the outsourcing industry trends.
Cloud Computing
The cloud computing market in the world continues to grow and should achieve an estimate of $362 billion in 2022.
With these figures, you can obviously comprehend that cloud technology is setting down deep roots. Small businesses of, multinational companies, and even government organizations adapt to the cloud for the data store. Cloud computing offers adaptability, security, and scalability. Moreover, companies are doing whatever it takes to shield their sensitive data from all types of safety violations. Having said that, the cloud doesn’t allow you to affect the confidentiality of the data.
Experience with AI and IoT
Almost 80% of consumers favor shopping from companies that offer personalized experiences instead of choosing who don’t.
If your company is mainly running an eCommerce business, this outsourcing trend is definitely for you. After the pandemic flare-up, it has now taken a significant market share, and even people over 65 years old prefer to buy things online. Increasing online purchases forced companies to use advanced technologies for a great customer experience. The AI and IoT functionality help eCommerce companies offer users more personalized shopping experiences.
Blockchain Technology
By the year 2024, blockchain technology solutions are predicted to raise almost 18 billion U.S. dollars.
Blockchain advances transparency security and also offers many startup solutions for raising funds. They make it possible to develop smart contracts as well as quick microtransactions. With the increase in demand for knowledge of blockchain technology, the need for specialists increases. However, adequate blockchain specialists are not so readily available. Therefore, companies are trying to outsource their software development needs for companies with blockchain experts.
Increasing the Needs of Cybersecurity
As the world turns out to be all the more digitally interconnected, startup founders can’t bear to underestimate online safety. Ransomware assaults are relied upon to cost organizations a bewildering $6 trillion by 2021.
As Cybercrime increases, organizations are investing their money to respond to the general privacy policy. The aim behind doing this is to secure all accessible information. Whether it is a small-sized or a large-scale business, owners are just connecting with outsourcing companies offering reliable cybersecurity services. It provides end-to-end encryption to your business data and eliminates all security-related issues.
Development of Native & Progressive Web Apps
The number of smartphone users who make a purchase, bank transfers, communicate, etc., so that demand increases dynamically. Native applications are very efficient and fast, with higher support for business operations. They also use languages such as Swift or Kotlin, which facilitate the development process.
On the contrary, the development of the progressive web app development uses a highly innovative network solution to provide a dedicated mobile application. One of the essential IT outsourcing trends is looking for an outsourcing company to develop such applications.
Security as Utmost consideration
United Nations’ report stated an increase of 600% of harmful emails in the pandemic crisis with a digital assault registered worldwide every 39 seconds.
Every year, the security of critical data and corporate networks is becoming increasingly popular. We live in an age in which Cybercrime costs a significant amount of money, which is significantly more than cataclysmic events. Even the need for restrictions and data security requirements also increases. Consequently, while hiring an outsourced company, businesses look for companies that adapt to the latest software development conditions.
Final Thoughts
Get Ready for 2022 by adopting Software Outsourcing Trends!
Software development outsourcing is significant for the development of an IT business – whether a multi-billion dollar enterprise or a fledgling startup. Organizations that would prefer not to fall behind have already started investing their time and money in the latest development trends. However, there are various difficulties, and organizations can’t keep up with speed and can’t adopt every digital change due to the absence of assets; subsequently, they decide to outsource.
The above mentioned are a few predicted trends that have ruled 2020, ruling 2021, and will continue to lead in 2022. So, grab them to implement at your home or workplace’s comfort to achieve your maximum productivity potential.
