The software development market encompasses a wide range of services that assist enterprises and small businesses in implementing, managing, and operating a variety of digital products
. According to Statista
, spending on IT services is expected to amount to around USD 1.2 trillion globally by the end of 2021. This is 9.8 % more than the previous year, potentially due to the economic impact of the Covid-19 pandemic.
Certainly, IT outsourсing services demand has increased and become the only viable strategy for many companies considering crisis conditions.
It could be the most profitable way to realize your projects or separate tasks when it's costly to hire in-house specialists.
So, what is software outsourcing, and how to benefit from it? Here we go!
Let's start with the general term of 'outsourcing'.