Why is India the best country for software application development outsourcing?

Outsourcing software development from India has become a common procedure for many large-scale global companies. The particular reason behind this circumstance is that outsourcing allows companies to limit expenses and obtain several other advantages. According to several market research, it has been observed that India is one of the best countries for outsourcing software development. One of the main reasons for India to take on a large number of outsourcing projects for software development is because of the increasing human resources. India has a lot of engineering employees, which is a great advantage. Apart from this, there are several other benefits, which large-scale MNCs receive from outsourcing software development from India.?

Before diving into the advantages, it is important to understand the actual meaning of outsourcing software development as well as its procedures.?

What is outsourcing software development?

In many cases, the companies choose to develop the required solution software by a third party. This procedure of developing software development from a third party, such as engineering companies from India, is known as outsourcing software development. Risk reduction, enhanced efficiency, improved security as well as cost reduction are some of the huge benefits that outsourcing can provide.?

The infrastructure nowadays has improved a lot. It allows companies to get easy access to talented software developers from across the globe. Being an established large-scale company or a simple start-up, every company has been inclined towards outsourcing software development to limit expenses and improve the quality of the software. Software development can be sped up entirely by outsourcing without having to sacrifice quality. The overall time that it takes to get the software to the market can be sped up by collaborating with talented developers.?

Outsourcing software development as a strategy

The main priority of the businesses is to become established and reach global customers. The process of achieving success is complicated and far from easy. As a result, several strategies are adopted by these companies to survive in the highly competitive market and obtain the desired objectives. Outsourcing software development has also become a strategy for the information technology industry.?

It is quite possible for a company to lack appropriate human resources for developing certain software. Additionally, skill gaps also become a huge problem for the company in terms of developing the software. As a result, it becomes really necessary to involve a third party in the development of the software. It is the responsibility of the businesses to identify the requirements of the project that are needed to be outsourced from a third party.?

The strategy of outsourcing software development is now viewed as important, and can significantly contribute to growth. SMEs without internal development teams are no longer challenged by specialized development fields like IoT, cloud computing, and blockchain systems. Within the past few years, India has witnessed the growth of several software outsourcing companies, which has allowed the companies to outsource large numbers of software development projects from India. Therefore, it can be said that by sourcing the expertise that company lacks within, outsourcing development helps businesses realize their goal.

It is also important for companies to be aware of the fact that outsourcing software development can be sped up by outsourcing without sacrificing the desired quality. Working with qualified developers who are aware of the project's basics will speed up the process of bringing the solution to market. All of these factors are the main reason that the companies are heavily investing in outsourcing as well as increasing profit and return.?

However, the main question remains, which is the reason behind selecting India as the best country for outsourcing software development? Let’s dive into the benefits of outsourcing software development from India.?

Benefits of outsourcing software development from India

The total value of the Indian IT market is increasing at a rapid pace. According to Statista, it has been identified that the overall value of this particular market has reached up to 235 billion US dollars, and this value is anticipated to increase further. Along with the total value, the number of Indian software developers is also increasing. Hence, the human resources for developing the desired software are available in India, which is why India as a country is getting a lot of focus from large-scale IT companies.?

Cost reduction

One of the major benefits of outsourcing software development from India is that it allows companies to get a lot of cost-saving benefits. The Indian IT sector is a competitive industry. The infrastructure, technology, and technical teams are also developing, which allows the company to save up a lot. The company is not required to save up for maintenance, because they only have to invest in a large number of human resources instead of setting up its technical infrastructure. Another major factor behind the cost reduction is the increasing competition. It is considered to be a typical trait of outsourcing agencies in the highly competitive market that it offers minimum prices without compromising the quality of the services. However, this in many cases results in the exploitation of the talents of the engineers as they are not paid enough for their contribution to software development. Hence, the company needs to take appropriate responsibility in terms of offering the right amount of money to the developers, who are responsible for providing accurate software solutions.?

It can also be observed that when compared to recruiting in western nations, employing software developers is far less expensive in India. Several people consider it as an economic feature if the country is highly competitive as well as overpopulated. Employing outsourcing from India enables businesses to concentrate on their core operations while allocating their time and finances to capacity challenges. This is a fantastic technique to improve cost-effectiveness. As a result, it is highly recommended to businesses, especially start-ups, to invest in outsourcing, in order to increase the profit margin of the company. The service quality of the developed software solution will also increase, and most importantly it will save a lot of time for the company to develop software and launch it into the market, in order to attract the attention of the customers.?

Ease of the government policies

Government policies in many cases become a large barrier in terms of outsourcing. On the other hand, the Indian government has developed several policies that are extremely efficient for the IT industries. It has developed policies that are beneficial and supportive of outsourcing software development from India. The particular reason behind this circumstance is that a large part of the Indian economy is contributed by the IT sector. Additionally, the IR sector in India is listed among the top 5 high-priority industries by the government. The government has offered numerous tax advantages and exemptions for investments in IT, which has inevitably attracted new investors and fueled IT expansion.?

There are several long-term campaigns for this industry by the government, which promote technical or infrastructure development. The government has also launched cross-sector technological collaborations, which have allowed a sudden improvement in the technological facilities in India. Nowadays, it is safe to say that the majority of businesses have been digitized in India, with the help of IT and digital support from the government. It is important for companies to be aware of government laws and regulations. The Indian government has also passed the Information Technology Act, which addresses data security, one of the main issues with outsourcing software development, by the use of numerous electronic contracts and legislation against cybercrime. It can also be suggested that India is the safest place in terms of outsourcing various software solutions.?

Faster production

The vast pool of engineers is the main reason that the companies get faster delivery of the software. One of the main priorities of the companies is to establish a software that has the capability to satisfy customer demands within a short period. However, developing a software solution is not even closer to easy. It is extremely complicated and time-consuming. On the other hand, in India, outsourcing agencies divide one software development project among several talented developers. Their skills and knowledge, as well as their cooperation with each other, is one of the main reasons that the software solutions are developed before the deadline. The concept of 24/7 service also helps in developing a solution software faster. Thus, India is a highly favored outsourcing option because of this time benefit. In addition, India claims the fastest time to commercialize the technology when the company outsources to them.?

However, the faster production of the software does not mean that the outsourcing agencies are trying to finish a project which is not completed or is of low quality. Companies do not have to worry while outsourcing their software solution from India because the Indian developers guarantee one thing, which is that every responsibility is met. Strong workflow procedures will be in place thanks to an experienced outsourced staff, who will make sure that projects are finished on schedule, milestones are reached, and progress is tracked. Therefore, companies with an urgency to develop a software solution within a short period, are recommended to invest in outsourcing the software development project from India. They will also be guaranteed high-quality results.?

Availability of advanced technologies

It has been previously discussed that the Indian government is supporting the IT sector by providing funds to invest in trending technologies. As a result, the country has been able to develop a cutting-edge IT infrastructure. Despite being a developing nation, India has progressed a lot in terms of software development and IT infrastructure. Hence, India on a regular basis attracts a lot of foreign and domestic investors in the IT industries. India is also considered to be extremely popular in terms of outsourcing locations. Outsourcing agencies have the capacity to develop high-quality software development solutions. This progress has become possible because of the country’s abundance of brilliant gifted developers and engineers as well as world-class technology. According to the IT sector specialists, the IT infrastructure in India is expected to develop further, which will increase the number of software development outsourcing projects in the future. It is important to know that in India the business owners have the capability to maintain flawless communication with the developers. This is because of the availability of various connectivity channels like fiber-optic networks, business connectivity, and submarine cables. In terms of technology, India has progressed a lot and can be a threat to other countries.?

Communication feasibility

While outsourcing software development projects, it is necessary for companies to communicate appropriately with the developers. Communication plays a huge role, which also helps the company to assure that there is no misunderstanding among the developers. It enhances the chances of developing accurate software for the company. Communication barriers can also occur due to the language barrier. However, on the other hand, in India, the majority of the population speaks English. Approximately 125 million people are able to communicate with others in fluent English. Therefore, while investing in outsourcing to India, the language barrier will never be a problem. It will become easier to communicate with the developers and make them understand the exact needs or requirements behind the solution software. The business owners may effectively communicate in English with the developers that are situated in a remote location for the outsourcing project. There are certain basic communication applications used by Indian outsourcing agencies, which are Google Meet, Skype, Zoom, Slack, and many more. Therefore, more smooth conversation means the chances of getting accurate software solutions as per the organizational requirements.?

Availability of human resources

It has been highlighted several times that a large number of human resources in India, mainly attracts large-scale MNCs, as well as several other foreign investments for outsourcing software development projects. According to the reports, it has been recorded that on an average basis 3.1 million graduates along with 300,000 postgraduates occur every year in India. Among all the graduates and the postgraduates, around 1 million students are considered to be engineering graduates. Technological education is highly prioritized in India. Therefore, every year, the intake capability for outsourcing software development projects is increasing in India. Apart from that as per the census, the young population of India is increasing despite the old culture possessed by the country. Therefore, the number of opportunities for employing young talented software engineers is also increasing. The overall competition level in the IT industry is high. As a result, the outsourcing intake capacity for Indian agencies is also increasing, opening up outsourcing opportunities for companies in need. It can be assumed that people have listened to a stereotypical joke most of the time, which is “every Indian cousin works in the IT industry or at the call center”. The main reason behind this joke is the largest IT workforce, which comes from India.?

However, it is important to keep in mind that only a large number of human resources is not enough. India also has a highly qualified and skilled workforce. The education system in India is considered to be rigorous. Thus, every engineering student gets the opportunity to develop effective knowledge both in theoretical and practical methods. On the other hand, the payroll expenditure of the company will increase as the company hires more highly experienced developers. India is the greatest country in terms of outsourcing the outsourcing projects, in order to prevent increasing payroll expenditures while reducing other expenses as well. However, this is a topic of debate as some protest the fact that Indian developers are highly exploited by domestic or foreign companies.

Conclusion

These are some of the benefits, which companies with IT or software solution requirements will get from outsourcing projects from India. In order to concentrate on their core skills and make crucial decisions to expand the business, many MNCs outsource software development projects to India. If you are a business owner and are looking for skilled developers to satisfy the IT needs of your company, it is your time to outsource the projects to Matrix Media Solutions and obtain such discussed benefits.