As modern and innovative technology continues to evolve and change the way companies do business, software outsourcing has played a significant role and grown in popularity. Many companies utilize technology to increase profits and produce high-quality products. As the cost of IT services rises, more companies are switching to software development outsourcing as a cost-efficient way of transforming their product offerings and improving their business plans.
According to Businesswire, In 2020, the global market for IT outsourcing was estimated at $342.9 billion and is projected to reach $410.2 billion by 2027. To keep up with the competition, many companies need to build brand awareness and execute strategies for customer retention, but not every business has the resources and expertise to develop software to meet this need.
Custom software development is software engineering for a company’s unique and specialized needs. This article takes a look at the benefits of outsourcing software development.
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Outsourcing software development advantages
Custom application development can prevent your company from being a victim of hacking attempts and cyberattacks. Smaller companies that use off-the-shelf technology solutions are commonly the primary target for cybercriminals. However, when it comes to custom software, data breaches are prevented using authorized data encryption such as AES or SHA-256, which helps companies safeguard against external threats.
Commercial off-the-shelf products are often overloaded with unused features which slow down systems. Custom application development streamlines integration and provides only the features you need, resulting in an improved workflow. If your company previously used multiple outdated solutions, software developers can integrate them into a unified platform without risking valuable information.
Using the right software can influence the effectiveness of your work. For example, you could improve collaboration and cooperation by using communication tools that help employees connect, which in turn enhances their work effectiveness. In addition, custom software provides analysis tools that help you understand work performance to identify issues and make improvements.
Bespoke software can help your company grow and scale, such as increasing the number of software users without slowing or disrupting the solution. Whether used by one hundred or even one thousand people, there is no need to pay extra license fees.
The greatest advantage to software development outsourcing is the ease in maintaining the software. A custom software development company can support your software, make improvements, and offer increased security to ensure everything is working perfectly.
To keep up with the competition and the latest market trends, companies are increasingly turning to software outsourcing to accelerate their progress. You can leverage the benefits of software outsourcing and accelerate change within your company by partnering with a software development outsourcing company. Custom applications can help you scale while meeting your company’s needs for building brand awareness and retaining customers.
Speridian is a global business and technology solutions provider with a proven record of solving business challenges with our unique, industry-based consultative approach. Our experience in providing bespoke software development services worldwide can help you stay ahead of the competition and scale with the growth of your company.
Contact Speridian to overcome your software development challenges today.