10 Compelling Reasons for Outsourcing Software Development
Originally published by Jenna Walter in IMC Grupo, 13 January 2021
Software development is one of the fastest-growing industries worldwide, and Australia is a true leader in this department, with great scope for nearshore and offshore software development. Right now, the demand for software engineers is quite high in the country.
By hiring an offshore software development company, you can maximize productivity while cutting down on costs. In 2020, the total value of the Australian software development companies is around $13 billion, and in the last 5-years, it has grown by 11.4%. With more than a thousand IT providers in the market, the trend of growth is expected to continue. Let us now take a look at some of the reasons for outsourcing software development.
Cost Savings
Since small businesses and start-ups don’t have the skilled employees and know which software is ideal for their business, they often outsource their job to a software company. Through outsourcing, you can save up to 30% on operating expenses, and it also allows your company to convert its fixed cost to variable cost.
It allows you to save more in terms of incentives, salaries, perks, training, and recruitment process, and maintain high standards in software development.
Focus on Core Business Areas
In the world of business, time is money, and you need to pay close attention to your core businesses at most times. You don’t want your employees to lose their focus and involve themselves in complicated IT decisions.
Many companies outsource their IT processes so that their core business processes receive the attention they need. It also allows you to strengthen your core processes. Through delegation, you can make sure your efforts and operational time are directed at improving the organization’s core business.
Meet Deadlines
The core objective of a business is to deliver the product to the market in the least time possible. When you outsource software development to a software development company, you can reduce the load of the employees in your organization. Outsourced developers always make sure the product is delivered on time.
Mitigate Risks
Through outsourcing, you can reduce your risks and harness the wide-range of benefits offered by outsourcing. Instead of increasing the load on your in-house development team, you can diversify your risks by dividing components and key operations between several offshore companies providing outsourcing services. However, before choosing an outsourcing vendor, you should check their reviews, ratings, expertise, and experience.
Reduced Downtime
You need to provide regular maintenance and support for software, and a software development company will address all your issues promptly, thus minimizing downtime and disruption. Paying for outsourcing software development means paying for its maintenance as well, so you can get more done while not being interrupted every now and then.
Flexibility
If you have a short-term project at hand, hiring a full-time developer is not the most practical thing to do, especially when there are other more important areas in your business. Sometimes, hiring a full-time developer is impractical when there is not enough for them to do as you will need to pay them a salary even if they are not actually working. Hence, you are better off outsourcing development activities as needed.
Better Support
When you outsource software development to a software development company, you get regular maintenance and support. If they are located in a different time zone, they can provide services round-the-clock, allowing you to edge out your competitors.
Expansion
Through outsourcing, you can explore new opportunities and expand into new fields. You can do this by taking the service delivery and production points closer to the customers. This way, you can access new markets and establish a global presence, thus overtaking your competitors.
Make Use of Latest Technology
By hiring an experienced and skilled software development company, you can access a highly skilled workforce from anywhere. You can’t have all the skills and technologies, in-house, and here outsourcing serves as a viable solution.
Availability of Capital Funds
Funds play a vital role in the success of any company. Outsourcing allows you to reduce the dependency on capital funds for non-essential functions. Thus, you can use the capital funds for more vital purposes.
Conclusion
If you want to expand your company and stay ahead of your competition, all you need is an Australia software development company. It allows you to reduce expenses and increase productivity. Apart from this, you will be at peace of mind and can focus on other vital tasks of your company.
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