Are you curious about the trends in software outsourcing industry? If it spikes your interest than here are some of the things you would want to know. The hybrid work revolution and the pandemic acceleration of digital have exploded the backlogs of software development teams across all industries. It has also fueled up the new trends and technologies in the field of software. So, what is the biggest trend to keep pace for the next few years in software industry. Let’s check it out.
7 next big things you will witness in software outsourcing industry
1. Increase in global demand for skilled engineers
If you have noticed the software industry there it a clear gap always between the market demand and market supply for a software engineer. I can say that, the demand for the skilled software engineers will relatively go high in the market. Even the recent data shows that, in the US market, the demand for skilled software engineers is higher than the talent pool or let’s say the talent supply. The requirement for engineering expertise is expected to rise further in 2022. There are nearly one million unfilled tech jobs in the United States alone. Outsourcing firms benefit from this because they already have large pools of engineers and are experts at locating the best engineers.
2. Data Science and Analytics will be high in demand
We anticipate this trend to continue over the next five years as specialized software development firms with an emphasis on big data and analytics are starting to emerge. As more businesses outsource their development processes, they’ll look for software outsourcing firms that are experts in this field so they can pick it up as quickly as possible.
3. Increase in Demand for cloud-based services
Cloud-based solutions have grown in popularity over the years, and we expect this trend to continue. This software outsourcing trend is due to the numerous advantages of cloud-based services, such as increased scalability, speed, security, and lower costs. Furthermore, many companies that have begun outsourcing their software development are doing so because they see the value in cloud-based software services, and we anticipate that this trend will continue.
4. Two folds Increase in Demand for DevOps and Agile Practices
More businesses are starting to incorporate DevOps as well as agile software development into their team members, which involves working quickly with small teams that collaborate closely. This promotes teamwork and communication, which enables organizations to respond more quickly and be and become more adaptable in their advancement approach. It is even silly to ask if your company has switched to Agile practices for development; cause nowadays everyone follows agile practices. However, if you haven’t then there is a fact you should know agile development practices will surely conquer the development world practices. It is one of the best practices and is adopted by more than 90% of software development companies around the world.
5. Artificial Intelligence (AI) and Machine Learning will be on the rise.
Despite the rise in demand for AI, not all businesses have the means or the know-how to create their own software. As a result, businesses are progressively looking to delegate their AI tasks and initiatives. This includes working with outside firms that create software to create and integrate artificial intelligence into their software.
6. There will be higher emphasis on security
The software outsourcing sector has expanded along with the importance of cyber security. The average cost of a security breach, according to IBM, is $4.24 million. It’s crucial to make sure your data and information are protected because new threats are appearing every day. It is crucial to pick an outsourcing partner who has the skills and experience to offer your company the appropriate security services. Let’s review the reasons why you require cyber security protection before getting into the specifics of outsourcing cyber security. Cybersecurity can be defined as the process of defending your company against online threats. Sounds easy, doesn’t it? Wait a minute. Implementing a single practice, procedure, or product is not sufficient to provide cyber security protection.
7. The need for multi-skilled software outsourcing partners will grow
Even if you observe the current market, you can witness a huge demand for the skilled or importantly the multi-skilled software outsourcing. Technology is ever changing and the businesses are always willing to find a partner that can collaborate and work on multiple domains of development. Having proficiency in multiple tech-stacks is always a plus point. Businesses will seek out partners with a wide range of technological expertise. The support for consulting, design, development, testing, and deployment will be given by a solitary software outsourcing business. If you want to outstand as a software company in the near future, you should give it a thought on expanding your service domain while adding multiple development expertise on multiple domain/industries. It is a good idea to collaborate with a business that operates in multiple industries and has the skills and knowledge necessary to provide end-to-end service for a project.
3 Software Outsourcing Trends you want to follow
1. Blockchain Development
Blockchain development is noticeably high-in-demand these days which is why the demand for blockchain developers is going to high in the future. Outsourcing companies especially the companies working in Fin-tech software should be updated and incorporate the blockchain development as one of their important outsourcing services. If a company lacks the resources to create a blockchain product and needs to release a product quickly, outsourcing blockchain development can be a win-win situation.
2. AI engineering
AI surely will be the next big talk of the town. Artificial intelligence has made the biggest strides in the software development industry. Thanks to its excellent neural algorithms, AI-assisted automation can handle real-world operations while reducing complexity and manual involvement. One of the most effective methods for utilizing AI in business is custom AI software development. By putting into practice solutions made specifically for the enterprise’s unique problems and business requirements, it creates a genuine competitive advantage. Well-known SaaS businesses like Netflix, Spotify, Amazon Prime, YouTube, and others heavily rely on AI on their platforms to cater to user needs and deliver satisfactory service. AI is unquestionably the future of software development, and there has been a growing shift in that direction.
3. Human Behavior Modeling
Programming human behavior will be the upcoming trend, which entails building computational models of human behavior and creating algorithms to provide users and clients with options. Analyzing digital behavior for trends can help users plan their next move. A next big thing in application development will be to program perceptual processes, which will assist in mediating digital identity and actions.
Summary
Maybe you already know that, there are multiple trends that is to be experienced in the software industry in coming years. Here is the summarized content for you to review:
● The market will see a relatively high demand for qualified software engineers, and in 2022, more engineers are anticipated to be needed.
● Analytics and big data are just beginning to take off. The possibility for software outsourcing companies that specialize in data will come in rise.
● Over time, cloud-based solutions have become more and more popular, and we anticipate that trend to continue.
● DevOps and agile software development, which emphasize working swiftly with small teams that collaborate closely, are becoming more widely adopted by businesses.
● Businesses are looking more and more to assign their AI projects and tasks.
● Despite the rise in interest in AI, not all companies have the resources or expertise to develop their own software.
● Cybersecurity will surely be the next big thing in IT outsourcing, vitality of protecting your company from online threats is being buzz of the town. There is no doubt cybersecurity will be on trend after few years.
● The trends you should surely follow should be on blockchain development and blockchain developers will be in high demand in the future because they are in high demand right now.
