IT outsourcing is poised to grow in size and is predicted to grow at 5% annually from 2021-24. As per a Statista report, the global revenue from IT outsourcing in 2019 was around 66.5 billion US dollars. By 2024, the global IT outsourcing market will grow by billion. With the advent of cutting edge technology like Artificial intelligence, Blockchain, and automation, one can see new trends in software development outsourcing that are likely to benefit your business in 2021.
Here is a checklist of IT outsourcing trends that will have a significant influence on the outsourcing industry.
Robotic Process Automation Robotic process automation (RPA) is gaining ground. With virtual assistants and RPA bots reducing manual mistakes and enhancing coordination, IT outsourcing companies look forward to incorporate RPA bots in software development.
Cloud Computing Market Cloud computing has taken center stage and will be more prevalent in 2021 and the coming years. As cloud computing makes it more affordable to get IT outsourcing services through its Software-as-a-service (SaaS), PaaS, and Infrastructure-as-a-service (IaaS), software development will boost the increasing demand for cloud services.
Increasing Demand for Blockchain With the increasing cybercrime cases such as hacking and network attacks, companies seek fool-proof security services or blockchain services that enhance security and transparency. One can gauge its popularity because the global spendings on Blockchain will reach billion annually in the next three years.
Digitization of Healthcare, Fintech and Telecom industries Fintech, healthcare, and telecom industries are pushing for digitization to automate processes and streamline their efficiency. Software development needed to incorporate new technologies like Artificial Intelligence (AI), Virtual Reality (VR), Blockchain, 5G, and IoT networks.
Rise of Native App Development Many companies prefer native mobile apps that are more interactive and are created and optimized for specific platforms. Native apps development is one of the fastest growing software development trends in 2020 and years ahead. These apps provide superior user experience and facilitate developers to use the full feature set of devices.
Growth of AR & VR Markets The Covid-19 pandemic has led to the increasing demand for AR devices and applications in the healthcare industries. Likewise, retail and e-commerce companies are also seeking software that needs to incorporate AR technology. AR and VR market is proposed to grow at 38.1% and 27.9% CAGR from 2020 to 2025.
IoT integration With the increasing usage of IoT technologies, developers need to incorporate IoT in the development process. It will allow engineers to take their programming skills to a new level, without any obstacle.
Shift towards DevSecOps DevOps play a crucial role in making software development easier. However, with the increasing security concerns and security testing handled by testers, in the future, the development team will require to maintain security testing without any help from the security expert.
Big Data Analytics Data analytics provide invaluable insights into the campaigns' effectiveness, mobile apps that help businesses understand the trends. Big data analytics will promote software development in the coming years as Hadoop and Apache Spark incorporation in the development process shows the way.
AI in software Development Artificial intelligence has shown booming growth and adoption in recent years. AI-integrated software applications transform the business process and make it more streamlined and user-friendly. Web portals or online shops can quickly analyze customers' behaviors and provide them the desired information or services.
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Stephen Foster Joined: July 5th, 2019 Articles Posted: 29
