IT Outsourcing Development Trends in 2021

Overview

As we all know, IT outsourcing development is gaining continuous popularity bringing fundamental changes to business all across the world. In addition, outsourcing is developing the global IT market, changing the way companies comprehend their improvement, and leading to unrivaled possibilities to overcome.

The year 2020 has proved that we’re living in a highly volatile and active environment where things can change drastically at any moment. However, the global pandemic has prepared us to cope with such disasters and be more versatile, adaptable, flexible, and responsive. As we all know, offshore software development comes with numerous advantages. In spite of offshore software development advantages, there are severe drawbacks too when you’re working with a remote team. It offers advantages such as:

  • Cost-effectiveness
  • Gain a competitive edge
  • Access to a world-class experience
  • Allows time to focus on specific tasks

And the disadvantages:

  • Lack of communication
  • Data security

According to Gartner, global IT spending with a total of $3.8 trillion in 2019 is expected to increase in the coming years. In a report generated by Statista, the global revenue of outsourcing companies is expected to reach more than 90 billion dollars at the end of 2021.

In this post, we’re going to find out the top IoT outsourcing trends that will take place in 2022 and beyond. After that, without any further ado, let’s get start it!

IT Outsourcing Development Trends in 2021 "offshore software development"

Top 7 IT Outsourcing Development Trends

1. Outsourcing Blockchain Technology

The requirements for security and transparency for online transactions lead to increased demand for well-seasoned blockchain experts. This is a never-ending sphere. Therefore, more and more companies are now planning to invest in improving the skills of their team, preferring outsourcing.

Global Blockchain spendings are expected to touch $16 billion annually at the end of 2023.

As this is a comparatively modern niche, there are loads of “vacant seats” for vendors despite their location. Through blockchain technology, you can create smart contracts and integrate microtransactions. In other words, it is one of the most widely use and demand skills for 2021.

Beside financial earning, a set of skills is require for this technology to delegate blockchain development. So, building a feasible distributed ledger to overcome a challenge requires understanding cryptography, security and encryption.

2. Strategic Partnerships

It is a challenging task for business owners to find a reliable service provider and build relationships with the remote development team. In recent years, IT outsourcing was a trend within one project to various vendors that allows you to focus only on single-vendor outsourcing. This means they eliminate all the risks associated with tasks of managing more than one vendor instead they can build relationships with one vendor.

Here the relationship between the customer and service provider becomes more trustworthy and all the important tasks are carry out for the success of the client.

3. Robotics Process Automation

Due to business automation, the Robotics process automation is now trending and it is being widely use by many business organizations. In conclusion, you’ll gain many benefits if you’re implementing RPA tech for supply chain management, customer service, and payment processing. According to Wikipedia, RPA software will generate revenue of nearly $2 billion in 2021.

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