The IT outsourcing industry is booming. Over the years, the demand for software development outsourcing services has increased immensely, which has not only benefited businesses but also the job market as more and more individuals get hired each day to get the needs of the industry fulfilled.
Today, we will be looking at the top software development outsourcing trends in 2021. Read down below to find out more.
Top 4 Software Development Outsourcing Trends
Below mentioned are the upcoming software development trends that we can expect to see a major increase in the upcoming years.
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Cybersecurity Solutions
Data is extremely important for companies. This is not something new. Almost everyone is aware of how loss of data can result in chaotic circumstances for an organization. Which is also one of the reasons more and more companies have started to realize the importance of cyber security.
With the rise in use of cybersecurity measures, more and more organizations are investing money to become GDPR compliant. Every business aims to get their data secured. Therefore, the majority of companies, regardless of whether they are small sized or big sized, prefer to get cybersecurity software outsourcing services to protect their business data and implement strong security measures.
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Blockchain Services
According to stats, by 2023, the global blockchain spending is anticipated to hit $16 billion annually. Which is one of the reasons the demand for blockchain services is rising, and they are becoming one of the biggest IT outsourcing trends.
From implementing immediate microtransactions to developing smart contacts, distributed ledger technology is known to increase transparency, improve security and provide startups with better money-raising solutions.
With the increase in demand for reliable and effective blockchain services, there has also been an increase in the need for blockchain services providers. Which is why companies prefer to outsource their blockchain services needs from trustworthy and well-known vendors who are familiar with the technology.
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AI And IoT
Ecommerce is a market sector that probably won’t stop growing ever. The demand for online shopping has increased immensely, especially after the onset of the Covid-19 pandemic. However, building an effective ecommerce store is not as simple as it sounds. There is a lot of thought and effort that goes into user interface development and user experience.
The use of AI and IoT in the ecommerce website development is increasing day by day. Not only do these technologies help offer a more personalized customer journey, but they are much more effective in carrying out complex tasks that are involved with handling and managing ecommerce websites. One of the examples of the use of this technology in e commerce is; chatbots.
As the need for powerful ecommerce solutions increases, so does the need for reliable software development companies.
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Cloud Computing Market
Last but not the least, cloud computing is another major software development outsourcing trend taking the market by a wave. According to predictions made by various resources, the global cloud shift spending is estimated to hit $1 trillion in the coming years.
As the demand for data storage increases, so does the need for companies to outsource for effective cloud platforms. According to Statista, the worldwide public cloud computing market continues to grow and is expected to reach an estimated 362 billion U.S. dollars in 2022. Therefore, we can also expect the demand for cloud computing software development outsourcing companies to increase in the coming years.
Takeaway:
These are only a few of the trends that we can expect to grow in the future. Software outsourcing is a huge industry. It is the fast growing tech environment is constantly calling for the need for more effective and innovative solutions.
