Software Outsourcing has long passed the fad or buzzword stage. It is here to stay as an IT trend which has evolved, grown, matured and is living up to and outgrowing its potential. Especially with companies that wish to cut costs while gaining access to world-class software engineers, it is no more an option but a smart decision. One of the strongest factors that attract most of the Fortune 500 companies worldwide to the outsourcing industry is the significant savings attached to any software outsourcing project. On an average, companies report 40% to 60% increase in net savings with the help of Offshore IT Outsourcing.
Half of all the fortune 500 companies today target offshore software development in India. The core reason for preferring India, as an offshore development partner, to other competing destinations in offshore IT Outsourcing business is a vast pool of educated human resource combined with world-class quality offerings and ever encouraging Government policies for the IT sectors.Key benefits of IT and software outsourcing:
- Flexible manpower utilization
- No up-front investments
- Development risk minimization
- Availability of trained IT staff
- Cost Efficiency
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