India continues its dominance with a 67% share in the global outsourcing market in 2018.
Today, India has become one of the top IT outsourcing destinations extending its services across the globe. Indian development services have become the first choice for companies looking for personal & professional online presence.
The IT boom that India has experienced in the last two decades has led to unprecedented growth, making India the number one choice for IT outsourcing destination.
What the Experts has to say about India IT outsourcing growth?
Head of research at the National Association of Software and Services Companies, Achyuta Ghosh said: “India is a unique example of the ‘big getting bigger’ in an extremely competitive landscape. Its IT-BPM exports have doubled in the last six years, driven by increasing focus of the industry in new drivers such as digital technologies, growth of an innovative start-up ecosystem, and adoption of multiple business models such as partnerships, collaboration, local presence and mergers, and acquisitions.”
According to him, the IT exports are expected to exceed $330 billion by 2019-20. He says “India is a global digital hub offering a plethora of opportunities and services. There is a special focus on the latest technologies like Big Data, Internet of Things (IoT), Cloud, Social Media, and Mobility. In addition, solutions are being developed that emphasize on design, creativity, agility and customer experience”.
Why companies Outsource to India?
A brilliant state of the art technologies combined with rich talent and impressive economic growth makes India one of the best outsourcing hubs.
Here are the key factors that make outsourcing in India the right choice!
1. Talent Acquisition and Vast Pool of Professionals:
Being the world’s second highly populated country, India has a huge pool of young and technically sound trained professionals.
The abundance and easy availability of dedicated offshore developers makes India tick faster and better when it comes to offering a large and intricate solution in time.
Besides, it helps various countries to provide solutions in ranging value bracket which preferably suits their business needs. Moreover, virtual teams have a high potential to adopt new technologies and maturely grasp them to create better solutions.
They work on the latest technologies and advanced solutions which are otherwise challenging to apply. India leads the wagon of outsourcing as it practices technologies and stays up to date with the latest trends.
2. Outsourcing in India is Budget-Friendly:
The cost is the most decisive factor and perhaps the most enticing reason why other countries prefer outsourcing in India. The development cost in India is 30-35% lower as compared to the US and Europe.
Most of the offshore development centers in India offer their clients per hour, per lead or fixed monthly prices so that they can choose as per their convenience. By hiring Indian software developers, 65% of operational expenses can be saved, thereby increasing the company’s profit.
By working on optimized approach and cost-effective models, India gains an edge over the competitors. Because of the low-cost pricing option, India has become one of the top outsourcing hubs in the globe.
3. Reliability and High-Quality Standards:
Companies that provide outsourcing services in India provide high-quality work, meeting international standards.
The vendors follow best practices of international standard, that includes:
- The Capability Maturing Model (CMM), that can access the capability of an organization’s processes to implement a project.
- The International Standard Organization (ISO 9000) that assures quality in design, development, production, and installation.
- Total Quality Management (TQM)
- Six Sigma Quality certification
- Customer Operations Performance Center (COPC) that guarantees to deliver quality software within the deadline.
- Over 75% of the world’s CMM Level 5 certified companies are in India. In fact, the highest number of ISO-9000 certified software companies are in India.
In short, the above standards & certification ensures that Indian software companies promise quality, having the potential to furnish various services perfectly.
4. Communication is the Key:
All in all, communication is the root of the beginning, maintaining and growing a positive relationship with the firm. Also, good communication guarantees expected results and resolved issues.
According to a survey, approximately 350 million people speak English in India. And India is the second largest English speaking country in the world after the US.
That’s why communication is no barrier, and the provider can keep in touch with the client.
India prides its reliable communication which facilitates good band connectivity with the rest of the world, and for this reason, there are no connection hurdles.
5. Round the Clock Services:
Software outsourcing in India is a globally proved model because numerous companies have successfully delivered great results. In this fast track world, Indian remote teams have managed to comply with the demanding situations and manage tasks effectively.
Email services, chat support, audio-video conferencing made it possible to collaborate in an effective manner. Focusing on the client business, the professionals monitor the digital presence offering support as per convenience.
Over the years, top Indian outsourcing companies have adapted to internal and external challenges offering the best-in-class services. The world is gradually realizing the fact that outsourcing in India over the other countries is the best decision.
Everything feels sorted when you have clarity regarding your project goals and dispositions. So, you can choose the best outsourcing company based on your requirements, cost, quality, time and policies.
Words for the Wise:
Hire a team of dedicated offshore developers and not Individuals!
No matter what is the size, scope and requirements of your project, hire an offshore development team that will deliver the end-product before time.
Did you know?
Recently, Google has announced to embark its ‘Research & Development Centre’ in India. This move reflects the confidence of the tech-giant in India’s talent.
Moreover, innumerable multi-billion dollar companies are outsourcing in India; namely Cisco, Oracle, Hewlett Packard (HP), and the list is long.
Want to outsource?
This is the high time you take a smart decision and witness remarkable growth in the productivity of your business. Outsource the complete project or value-added tasks to a reliable company in India and gain a competitive edge over your competitors.
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