Topics In Demand
Notification
New

No notification found.

Benefits of Outsourcing Product Development Maybe You Don’t Know
Benefits of Outsourcing Product Development Maybe You Don’t Know

May 3, 2023

170

0

Outsourcing product development implies the process of hiring an external outsourced product development company or dedicated team to design, develop, and provide complete software products. This process entails taking help from a third-party provider with a contractual agreement for them to take on various features of software product development outsourcing. There are several benefits of outsourcing product development which are discussed in this article.

Introduction

A few years ago, outsourcing software product development was not an option. You will either build the product in-house, or you don’t get it developed at all. Nowadays, however, outsourcing is becoming a standard in the industry.

If you’re a business owner, you’ve most likely thought about outsourcing product development at some point. After all, why not let someone with expertise and proficiency in their skill handle the development process while you can take on other prospects of your organization? In this article, we’ll explore the services and benefits of outsourcing software product development. Let’s start!

Benefits of Outsourcing Software Development

The choice of outsourcing product development is becoming gradually popular in recent years, and for several good reasons!

The following are the benefits of outsourcing software development:

1. Cost-Effective

One of the key benefits of getting product development outsourcing is the substantial cost reduction. When you are outsourcing product development, you are only required to pay for the services you need. This way, you will be able to save money on overhead costs, such as utilities, rent, and employee salaries.  

An outsourced team can come from different areas with different prices. To give you a brief, the rates are depending on the outsourced team’s area. According to SumatoSoft, following is a quick run-through of different outsourced developers:

United States: $100-150 per hour

Eastern Europe: $35-45 per hour, any other part of Europe is $50-$60 per hour

Asian region: $25-$30 per hour

India and the Philippines are the outsourcing development team leaders in the Asian area. However, you have to consider the different time zones and language barriers, while they are cheaper.

2. Access to Talented Developers

Furthermore, the benefits of outsourcing software product development is that you will be having access to skilled labor. The developers you are working with will have more experience and expertise as compared those you would be able to find in your own country, as observed in many cases,

Every team is varying as per the project scope. However, these are the crucial roles in an outsourcing team:

  • Project manager
  • Business analyst
  • Software developers (front-end and back-end)
  • UI/UX designer
  • QA engineer

By informing your outsourcing vendor of the roles you require for your development, they will put together a suitable team of experts for you.

3. Faster Turnaround Times

Outsourcing product development will also drive toward faster turnaround times. GoodFirms mentioned that a regular software with basic features could be provided in less than 2 months of product development cycle!

Being subject to the type, prerequisites, and technology used, the product development process cycle will take a range of time periods from one to nine months. However, a specialized company is able to deliver a custom software product in short period of 4.5 months.

Whether you are need to develop web or mobile apps, you want to do them fast to enter and be established in the competitive area. Product development outsourcing is the answer!

4. Focus on Core Business Activities

Moreover, no more additional training for your in-house team when you are outsourcing your software product development. While it’s advantageous to upskill your in-house employees with product development training, the chances are that it may compromise the standard they put out for the other aspects of your business. It is best to leave the development project to people with the skills and efficiently to erform it efficiently.

In this approach, you are able to maintain your company’s quality standards and enhance the overall productivity of your employees.

5. Increased Flexibility

The software development life cycle has several stages that you can select to be involved in or not. As you may understand, different projects are requiring a shorter or longer time to finish. And with an outsourced company, you can be flexible with your involvement.

On the other hand, it all boils down to your choices and what you think would work best for your organization. However, of course, we suggest that you be occupied as you can for keeping track of the project result and development costs.

6. Improved Quality

In this competitive market, you may desire a fresh perspective on your project and bring new notions you would not have supposed of yourself. Hence, benefits of outsourcing product development company can deliver you with that.

With the expert eyes of a development team, they can facilitate in coming up with an improved product approach and enhance the quality of your software product. They are having the exposure to work on different projects that helps them to identify what idea will last and which is just a trend.

7. Easier Scalability

In addition to enhanced standards, outsourcing software development will be allowing more effortless scalability. When compared to working with an in-house team, outsourcing enables for easier addition of more resources to the project as required.

Wrapping Up…

The benefits of outsourcing product development can be an excellent approach to get your project off the ground without breaking the bank. However, as with anything else, it is significant to perform your research and ask the right questions for finding the best company for you.

 


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


Aeologic Technologies is a dynamic, solution and value driven Technology Company working creatively to enable businesses with innovative technologies and solutions. We are providing our services to transport, logistics, retails, food industry, industry 4.0, education, health and environment and natural resources management (NRM) sectors.

© Copyright nasscom. All Rights Reserved.