STATS OF SOFTWARE DEVELOPMENT OUTSOURCING COMPANIES IN THE WORLD
Previously, only a few businesses were not interested in software development outsourcing services. However, in COVID-19 pandemic, Businesses are forced to control operating costs very closely, they begin to pay more attention to outsource to digitize daily tasks to enabling speed to market, scaling faster, enhancing user experience, and achieving competitive advantage.
Now that cost reduction is becoming increasingly important again for some businesses, it has been pointed out that cost reduction is the main reason to outsource software development for SMEs. The impact of COVID-19 plays a key role here: the uncertain economic environment is switching the focus back to the numbers.
And this is also the time when small and medium software outsourcing companies are born and are growing rapidly in the market. In this article, we will share a statistical article done by Techbehemoths about outsourcing small and medium businesses. Sosene Software is very pleased to have contributed to this part of its survey.
Small Business Outsourcing Stats (2021 Survey)
Between June 3-25, 2021 it surveyed 324 small and medium IT companies focused on services across 5 continents and 38 countries. The survey aims to research how small IT outsourcing companies are performing during the pandemic, and how they perceive outsourcing as a business model in general.
The Global Business Process Outsourcing market value is estimated at $232 bn according to Grandview research and is expected to grow substantially due to pandemics, remote work, and general business trends. The Information and Technology segment has a huge share of the BPO market, especially small and medium companies providing, or outsourcing for themselves projects and opportunities.
- 90% of respondents or 354 companies provide Web Development services
- 73.8% or 288 companies provide IT outsourcing services in general
On the other side of the spectrum, there are small companies that provide:
- IT business services ( 33.8% or 132 companies)
- HR outsourcing (3.1% or 12 companies)
- Legal Services outsourcing (1.5% or 6 companies).
- Some other 36.9% of the companies are focused on other outsourcing services.
Important to mention that the responders had multiple choices in selecting their answers. This is why one company can have 2-5 answers to each question.
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Read more about Tips to choose the right Web Development outsourcing company in Vietnam.
