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Ever thought about why most of the leading firms in the world are led by Indians like Sundar Pichai and Satya Nadela? And why is India said to be the oldest and most well-established software development destination around the world?
Don’t worry… Don’t worry; We are here to unravel the mystery !!
Undoubtedly, standardized work ethics, desirable government policies, and more make India the most preferred destination for software outsourcing. However, this is not all when discussing choosing India for your outsourcing team. One of the crucial reasons why India is becoming famous for outsourcing is the availability of resources (they have everything in abundance, tech, professionals, tools, etc.).
It is also worth mentioning that India is one of the most demanded countries in IT outsourcing. This is primarily due to:
- The affordability that comes with the developers and related services. This makes India the third country in the world with reasonable rates and prices.
- A variety of services provided. India’s average annual growth rate of the IT Industry has increased steadily over 7-8% recently.
- Focused and flexible team. Indian developers try to adapt the software development operations to promote remote interactions.
However, outsourcing, as we know, comes with several advantages that generally lead product owners to profit (Shhh… in many ways). Let us now figure out why you should outsource software development to India in the first place.
Indian Software Developers: The Expert Opinions
This is what experts at Your Team In India have to say!!
The dawn of the IT Industry in India dates back to 1986. The year was known for global software exports, Training policy programs, and software development. The credit here goes to the local software development industry, which was an impressive part of the country’s budget.
At the same time, IT services were not in much demand in the local marketplace. This is why the main focus of the developers was to provide services to customers abroad.
Why spend energy and money in areas with limited demands if you can sell them to customers with an international base? Through the uniquely designed software development model of the local labor sector, Indian programmers have created one of the largest growing IT communities in the world.
Due to this, the Indian offshore development raised to 200-240 billion USD in 2019 and 2020. These figures are the obvious perquisites for considering the country as one of the serious players in the IT outsourcing industry.
Top Trends in the Indian Software Development Sector
Let’s now find out which technologies were the most trending ones in India in 2021 and how to implement them as a part of your outsourcing software development. The Technologies are:
Hyper-automation is the topmost IT industry trend in India. It is based on machine learning, AI, IoT, and more. The main aim of hyper-automation is to enhance performance and reduce the likelihood of human errors. Indian software developers happily use hyper-automation in the development and production sectors.
2. Voice-based Search
Voice search is one of the latest technologies in terms of speech recognition. It interprets user speech requests in the form of text. The application is explicitly linked with voice search. It also uses speech synthesis systems and speech recognition. Such solutions tend to increase the user-interaction by expanding the range of abilities in terms of smart assistance.
3. AI Integrated Solutions
AI integrated solutions are becoming more accessible for the users, and features such as smart home solutions are no exception. This is why many companies in India are focused on creating Turnkey smart systems.
Such systems add in to several IoT- based devices. Therefore, by achieving a Machine to Machine communication model without the need for human interference.
4. Additional Data Storages
At last, the trend in Indian IT is the search for more advanced storage systems. Keeping that in mind, Indian Developers are following the concept of software-defined storage by making the most of intelligent data centers.
The list of technologies for developers at Your Team In India doesn’t end here- click here to know more.
Now, move a little ahead to see what makes software development companies in India worth investing in.
The Statistics: Indian Outsourcing
According to the article published by the Financial Times, the country is said to be slowly moving towards failure. It is because India constitutes the bulk of the International outsourcing community. On the other hand, well-known software companies in India, such as TCS, Infosys, and others, helped contribute to the global distribution chains in the late 2000s.
However, the financial crisis in 2008 -2010 caused a decline in the volume of projects coming from various parts of the world. This led to the rise in internal competition, where the companies pushed themselves to reduce the already low prices. And it further damaged the quality of work along with the performance of the developers.
Well, Things Turned Upside Down!!
In 2019, India was ahead of other countries in outsourced developers by a great margin. There was a drastic change in the level of services provided. Also, the software development companies in India were in action again.
For now, India’s total market share in the global outsourcing sector is around 56%, which is the highest worldwide. The current revenue of the IT industry in India is more than USD 150 billion. It is expected to touch USD 350 Billion by the year 2025.
India still leads software development and is the fastest-growing community of software developers globally. The statistic above makes it quite obvious it is best to hire developers for your projects.
Also, with the high demand comes supply!!
So, regarding software development in India, hiring a dedicated team of developers offers many options. Hence, it can be daunting to choose from various offshore software development companies to invest in.
Now, let us understand why India is the most preferred software development destination in the world.
- India offers you a huge pool of talented developers.
- After the US, India is now the second-largest English Speaking country in the world. So, communication won’t be a problem with Indian software developers.
- Indian Software developers come with cost-effective solutions. Now, hiring Indian developers means hiring a highly-skilled, well-read team of professionals without ripping your pockets for that extra cash. Sounds amazing, right?
- Indian developers are passionate about their work. The county, with more than 1.5 software engineers around, is also known for possessing the right attitude regarding project execution. This means your business is in the safest hands!!
- With the right attitude and mindset towards work, the professionals in India make sure to deliver products sprinkled with extra spices by adding features that are diverse, flexible, and more.
Some Fair Estimates & Comparisons
The picture below discusses some basic facts about outsourcing software development and staff augmentation.
According to several surveys by platforms like A.T. Kearny Global Services, India still stands above all when compared to other Asian Countries. Here is a quick price listing:
To Wrap Up
Regarding outsourcing software development projects, India stands tall, with 70% of the revenue from delivering IT development services. Software Development companies in India contribute around 7.2% to the country’s GDP.
If software development is not your niche, but you want to thrive in the IT segment, then this country is the best option to outsource your project. Hiring a software developer from India will keep you at ease, save money, and more. You will have a world-class web-based product or solution in hand at the same time. Additionally, outsourcing web applications has helped several companies to accomplish their objectives by achieving the desired goals.
Partnering with an Indian Outsourcing company provides you with a new environment to upscale your company. Lastly, outsourcing software development in India means affordability, exposure to the latest trends or technology, fewer hassles, commendable support, and standardized services.