When it comes to outsourcing software development, India has an 80 percent market share and in general considered as a world leader. However, with the tough competition emerging such as from Vietnam, China and South America, is there a cause for worry? Not a lot, for based on reports by NASSCOM or National Association of Software & Services Companies, the country's export income reached the $56 - $57 billion mark.
According to NASSCOM president, the return of discretionary spending, pent-up IT-BPO services demand and new business models encourage first time buyers as well as re-invented value proposition for current ones, the main drivers for the industry performance. With the nation's share in the worldwide outsourcing market growing from fifty-one percent to fifty-five, the estimated revenue would surpass $70 billion. There are a lot of software development firms from India that focuses on high quality and cost-effective solutions and services.
The days are gone when sourcing to the country was only done because of the cost. At present, it is the multiple advantages that have helped the nation retain its position as the best destination all over the world. Service providers provide numerous benefits like development that is at par with the international standards. There are also flexible hiring choices that minimize the time needed to accomplish a project. The talented professionals have strong work ethics and the time zone difference which benefits clients.
The future trend for a software development organization in the country would include the following:
1. Fragmentation to specialist companies. Instead of generalized BPOs, there will be specialized vendors with a depth of talent with one specific kind of work.
2. Move towards quality as low cost will no longer be enough to win customers. They have to compete on price and definitely quality.
3. Growth in startup activity. Developers that belong to the top level would consider the option of making their own startup and the community would flourish.
4. More people would be working from home. The hardships with infrastructure and traffic mean that there are considerable advantages for vendors that allow their staff to work from home. The staff however would be required to use software for keeping tabs of productivity and time.
5. Indian programmers accessing internet degrees as well as free online courses from the US would grow. It is possible to study over the web and the future would be full of self-taught persons who availed of the available course materials.
Developing freeware needs big financial resources and a huge number of skilled individuals to carry out work. Indian vendors have all these resources at their disposal. Through staffing hundreds of information technology professionals who are thoroughly equipped and trained, they are able to provide cost-efficient and fast developing offerings. Service vendors further provide the widest range of offerings possible, which include product developing, freeware testing, and maintenance and custom services.
The region is listed on top for the best destination worldwide followed by China and Malaysia. With its deep skill base and first-mover edge, the country remains the unquestioned leader in the industry. It is the all-around standout, is able to offer manpower for any kind of activity in an offshore setting and maintains the lion's share of the market. Unlike other emerging locations, the nation is considered as a mature market that delivers proven results, making it the best all throughout the world.
According to NASSCOM president, the return of discretionary spending, pent-up IT-BPO services demand and new business models encourage first time buyers as well as re-invented value proposition for current ones, the main drivers for the industry performance. With the nation's share in the worldwide outsourcing market growing from fifty-one percent to fifty-five, the estimated revenue would surpass $70 billion. There are a lot of software development firms from India that focuses on high quality and cost-effective solutions and services.
The days are gone when sourcing to the country was only done because of the cost. At present, it is the multiple advantages that have helped the nation retain its position as the best destination all over the world. Service providers provide numerous benefits like development that is at par with the international standards. There are also flexible hiring choices that minimize the time needed to accomplish a project. The talented professionals have strong work ethics and the time zone difference which benefits clients.
The future trend for a software development organization in the country would include the following:
1. Fragmentation to specialist companies. Instead of generalized BPOs, there will be specialized vendors with a depth of talent with one specific kind of work.
2. Move towards quality as low cost will no longer be enough to win customers. They have to compete on price and definitely quality.
3. Growth in startup activity. Developers that belong to the top level would consider the option of making their own startup and the community would flourish.
4. More people would be working from home. The hardships with infrastructure and traffic mean that there are considerable advantages for vendors that allow their staff to work from home. The staff however would be required to use software for keeping tabs of productivity and time.
5. Indian programmers accessing internet degrees as well as free online courses from the US would grow. It is possible to study over the web and the future would be full of self-taught persons who availed of the available course materials.
Developing freeware needs big financial resources and a huge number of skilled individuals to carry out work. Indian vendors have all these resources at their disposal. Through staffing hundreds of information technology professionals who are thoroughly equipped and trained, they are able to provide cost-efficient and fast developing offerings. Service vendors further provide the widest range of offerings possible, which include product developing, freeware testing, and maintenance and custom services.
The region is listed on top for the best destination worldwide followed by China and Malaysia. With its deep skill base and first-mover edge, the country remains the unquestioned leader in the industry. It is the all-around standout, is able to offer manpower for any kind of activity in an offshore setting and maintains the lion's share of the market. Unlike other emerging locations, the nation is considered as a mature market that delivers proven results, making it the best all throughout the world.
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