Outsourcing offshore software development have been the biggest trends of the last decade in IT. With the maturity of information and communication technologies, offshore development of software by offshore software development company is a new trend for reshaping IT strategy around the globe. Offshore product development can lower some costs, but it comes with additional expenses like vendor selection and the cost to transition work to outsourcing providers. As more and more companies take advantage of the overwhelming benefits of reduced costs and increased flexibility, the trend toward offshore work is likely to continue.
Companies have been evolving and refining their Project Management processes for software development for many years. While application development is sent offshore more frequently than other IT activities today, business process and help desk/support are areas where offshore outsourcing is growing dramatically. With the increase in technological advancements, there’s a rise in the interconnection between different societies, facilitating a continuous software development cycle or follow-the-sun approach by having team members located in different geographical settings. Offshore Software development is an iterative process, in which knowledge builds with the progression of software development work and requires an ongoing awareness by team members of all the changing definitions and relationships in the development effort. This poses a bigger challenge in a global environment as the software development processes happen in a dynamic and distributed setting.
The Build -Operate -Market- Transfer (BOMT) Model is one of the newest trends in the Outsourcing Industry. The dynamics of today’s technological environment have driven practically all the organizations to focus their energy and resources on their core business and outsource the additional functions to a partner organization with complementary strengths. India has established itself as an ideal destination for offshoring, with many global organizations establishing themselves and developing relationships with Indian companies.
Of-course offshore software development is a trend likely to be followed and continued by many organizations. We totally agree with the article especially the point that though offshoring helps in reducing the costs it comes with additional costs and risks of finding the right software development company overseas.
With the rise of globalization and the worldwide lockdown due to the pandemic, most of the work has been done by remote working processes and professionals from their homes. This lockdown has proved the efficiency of remote development and enhanced the trust in the offshore software development industry.
With the rise of globalization and the worldwide lockdown due to the pandemic, most of the work has been done by remote working processes and professionals from their homes. This lockdown has proved the efficiency of remote development and enhanced the trust in offshore software development industry.