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The rapid expansion of IT outsourcing globally is reaching its peak, and to stay ahead in the competition, cost-effective, high-quality, reduce time–to–market and to provide incredible solutions, outsourcing is one of the best options.
India is the world’s largest sourcing place with the skilled, qualified, and efficient technical professionals in the world say a report by Tholons groups held a survey for Software Outsourcing of 2019 and ranked among top 50 nations based on the talent, skill, cost, infrastructure, etc.
Also, the recent survey shows that 80% of European and US firms rated India as their ultimate IT outsourcing destination.
And the prime reason why India is ranking 1st globally is due to providing IT outsourcing services with top-notch quality of code and there is no compromise for developed products in India.
IT Outsourcing Companies in India utilizes the latest technology, software and infrastructure, various tools to serve the best experience to their clients that set the bar higher than international quality standards for other countries.
Here are the 5 reasons why India is the foremost choice of software enterprise for IT outsourcing.
1) Size of the software industry
As the 2nd largest country in population, it is no wonder that the size of the IT Outsourcing India is also massive with over 3 million IT employees with the outsourcing industry and indirect contracting to 10 million people.
India is the leader of the global outsourcing market, holding 55% of the global IT outsourcing market share.
In terms of the national revenues, the rate of revenue estimated $190 billion, however, for a growing rate 7.25% per cent in a year; the revenue expected to reach approximately $350 billion by 2025.
This fact describes that software outsourcing in India is a globally successful attempt for outsourcing, as there are a plethora of corporations in India to have prosperous delivery of numerous projects.
2) Language Proficiency
India, the second-largest English speaking country in the world, with 100 million fluent English speakers after the USA, the English-speaking community of India is anticipated to endure consecutive growth in the global market.
In most companies in India, English is the language used to communicate, but that’s not only amid clients and developers, it includes companions also.
And the plus point, compared to other leading outsourcing destinations, Indian IT services experts are more adaptive to learn other languages like Spanish or french in spite of having fluency in English.
3) Largest pool of technical and skilled professionals:
This is one of the biggest reasons why global businesses simply love to outsource to India as they can get access to a highly educated English-speaking workforce, who possess these qualities:
- Proficient in programming languages such as HTML/CSS, JavaScript, SQL, Python, C++, etc.
- Most of the professional posses full-fledge knowledge of data structures and algorithms
- Excellent understanding of database and processor
- Skilled in cryptography to encrypt sensitive information
All the research surveys of years, again and again, determined that Indian IT experts are technically much more excellent compared with other countries experts.
4) Cost-effective and Economical Solution
Cost-effectiveness of IT outsourcing services from India is the most enticing reason of all.
Along with the cost-effective model, India also believes in offering a high-Quality hand in hand. With moderate cost, IT outsourcing India implements the top-notch characteristic of services, which is above other countries.
5) Co-operative Government and rules:
India is one of the biggest democratic countries in the world, and it certainly has the most enduring Government, when it comes to economic growth.
The Indian government supports cross-border trades and operations and we have some of the acts that favour this trade manship.
The government has brought projects and strategies like Special Economic Zones (SEZs), ITA 2000, and Software Technology Parks (STPs), which have immensely profited the IT sector.
The STP project provides software businesses to set up enterprises to improve the growth of IT in India in suitable locations.
Moreover, India has cyber law to deliver hassle-free services and security to global clients. Hence, the IT sector has constantly been on the Top precedence list for the Indian government to provide more resources for doing business.
Summing it up:
From the entire blog, it has been concluded that IT outsourcing in India offers various benefits businesses can avail such as:
- Cost benefits
- Maintenance and round clock assistance
- The latest technology stack
So, whether you aspire to reduce costs or want to have advanced technologies for your growing business, then IT outsourcing India is definitely a fruitful step.