It’s natural for a business owner or decision-maker to want to keep things as in-house as possible. But it’s only sometimes possible to handle everything on your own. That’s where outsourcing comes in, taking some of the weight off your shoulders and freeing up resources so your in-house team can concentrate on core business activities.
IT support and software design and development are the most commonly outsourced business tasks. According to reports, the market has grown over the last five years, from US$88.9 billion in 2015 to a projected $98 billion in 2024. Software application development is the most common IT service activity outsourced, with approximately 60% of businesses outsourcing it in part or entirely.
The benefits of outsourcing software development make it a no-brainer for many businesses. This includes cost savings, increased flexibility and scalability, and other benefits. But, as a business owner or decision-maker, how do you know when to hire an outside software development firm to help with a project?
A Lack of Required Expertise and Skills
Having the right expertise and skills on your in-house team is critical to delivering software projects successfully. However, your in-house team may not always be equipped with the necessary knowledge to tackle a specific brief — and that’s fine! Outsourcing software development can be a great solution in this case.
Utilizing experienced software developers’ expertise through outsourcing providing the resources you need to complete your project to a high standard, on budget, and on time. Furthermore, outsourcing allows you to focus on core business activities while leaving software development to an external team of experts who can manage the project from beginning to end.
An Overburdened In-House Team
Too many projects and tasks can overwhelm even the most dedicated in-house teams. This can eventually lead to burnout, decreased work quality, and missed deadlines.
As a business owner or IT leader, you must recognize when your in-house team is feeling overburdened and stretched thin. Outsourcing software development can be a smart way to relieve your in-house team’s workload and ensure your projects are delivered on time and to high standards. Meanwhile, you can bring in a new perspective and additional resources to assist with project completion, allowing your in-house team to focus on other business-critical tasks.
When this occurs, it is clear that it is time to consider outsourcing to provide them with the support they require to succeed and prosper rather than overloading their plates.
You Do Not Want to Grow Your In-House Team
Hiring more in-house employees can be a big decision, especially for small businesses just starting. When considering recruiting, consider whether you have the budget or office space to accommodate more staff and whether you want additional employees’ long-term commitment. If you are still getting ready to grow your team, outsourcing software development can be a flexible and cost-effective option.
Outsourcing software development allows you to bring in the expertise and skills you require for the duration of your project without incurring the additional cost of hiring new employees.
This way, you can still complete the work to a high standard without worrying about a long-term commitment.
You Have a Limited Budget
Budget constraints can be a major challenge in software development. Let’s face it: hiring an in-house team and purchasing the necessary hardware and software can be costly. Outsourcing software development, on the other hand, can help you stay within your budget while still getting the job done. You only pay for the resources you require when you require them, avoiding the overhead costs associated with running a business.
Furthermore, the ability to access a global talent pool through outsourcing software development enables you to find the most affordable solution for your specialised software development needs. For businesses on a tight budget looking for a cost-effective solution for their software development needs, outsourcing may be exactly what you’re looking for.
You Must Expedite the Completion of Your Project
When it comes to software development projects, time is often of the essence. Often, a company faces a tight deadline or an urgent need to get a product to market. Given this, more than having a dedicated in-house team may be required to complete the task on time. Outsourcing to a software development agency can help you accelerate project delivery by providing access to a larger pool of resources and expertise.
A good agency will provide flexible and scalable solutions, bringing in additional developers and project managers as needed to complete your project on time and to a high standard.
Is it time to outsource your software development?
Making software development decisions is a big deal for business owners. After all, it has the potential to make or break success, and with software playing such an important role in today’s digital landscape, getting it right is critical.
Keeping software development in-house is a great option for some. However, for those businesses where this is not always possible, outsourcing software development is an excellent alternative that can bring a slew of benefits to your organization, including access to a larger pool of expertise, cost savings, and increased efficiency. You can take the first step towards streamlining your processes and achieving your goals with innovative software by recognizing the signs that it’s time to outsource.