7 Benefits of Outsourcing Software Development (P3) | Stellant

Outsourcing software development is a strategy that helps companies meet their technology objectives. Outsourcing your software engineering relieves internal pressures so you can focus on other aspects of your business. This strategy lets you release products quicker while reducing development costs. Keep reading to learn how software development outsourcing improves efficiency and gives your company agility in adapting to emerging technology.

1. Enables Innovation

Coming up with new ideas is necessary for a business to grow. This is especially important during tough economic times when consumers are more selective about purchases. When companies rely on new products to keep growing, you must constantly generate new ideas to keep the pipeline full. Outsourcing gives you resources to experiment with new technologies, so you find something best suited to your goals. 

For example, if you are considering implementing blockchain, a partner could provide you with resources that have expertise in that area. The external team will experiment to help you determine if you should move forward with the technology. If you decide to move forward, you can use the same team for the project. This strategy empowers you to adopt these new technologies quickly.

2. Provides Access to Expertise

Outsourcing allows you to tap into a large pool of developers with the skills you need. The provider has vetted these developers to ensure they have adequate experience. Additionally, you can choose an outsourcing partner that has experience in your industry. This can be especially helpful if your company has unique challenges like regulatory compliance. 

3. Enables Faster Time-To-Market

Developing software solutions externally enables faster time-to-market. Outsourcing lets you add as many resources to your projects as needed. Having more developers focus on the project speeds development. Using an external partner lets you benefit from their experience with projects similar to yours. This knowledge helps them overcome potential roadblocks quickly to minimize downtime and keep the project on track. Outsourcing also enables faster time-to-market by distributing work geographically. The external team isn't limited to working during your business hours. Your project keeps moving forward regardless of business hours.

4. One-Stop-Shop

A one-stop-shop software outsourcing company provides all the product development services under one roof encompassing ideation workshop, strategy building, UI/UX design, product development, and QA testing along with maintenance and support services. These services are often outsourced separately by most businesses, which is not only time-consuming but also stressful as a lot of coordination is required between the different service providers. One-stop shop software outsourcing makes everything much easier for you by bringing all these services under one roof. This way, you don't have to stress about coordination and can instead focus on your core business.

5. Cost Reduction

According to the BLS, the mean salary for software developers in the US  is $ 120,990. Salaries for an outsourced developer can be as low as $7,909.You’ll also see cost savings through efficiencies. Using an external provider lets in-house developers focus on other objectives. You’ll get more done in the same amount of time.

6. Improves Product Quality & Enhanced Security

Using an outsourced team helps achieve better matching of resources and skills between projects. Additionally, external teams have dedicated quality assurance specialists to test the product before releasing it to customers. This ensures all deliverables meet or exceed industry standards for quality assurance. Having these resources on your team also helps ensure compliance with regulatory requirements for data security. 

7. Improved Agility

Outsourcing enables organizations to expand their business into new markets and to scale up without having to invest in a full-time workforce. This allows companies to enter new markets quickly and easily, while also expanding their presence in existing markets.

Key Takeaways

Software development outsourcing is a great way to reduce costs, mitigate risks and release new products faster. Using an external team to build custom software solutions gives you experts with knowledge of emerging technologies. As a result, you’ll have a better chance to keep up with customer demands and remain relevant in a competitive market. Is your business in need of an ongoing software development project? Are you looking for someone you can work with to get a project off the ground quickly? Reach out to us to learn how we can help you leverage outsourcing for maximum value.

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