{"id":233,"date":"2022-04-19T11:37:12","date_gmt":"2022-04-19T11:37:12","guid":{"rendered":"https:\/\/flipkoins.com\/blogs\/?p=233"},"modified":"2022-05-02T04:23:24","modified_gmt":"2022-05-02T04:23:24","slug":"better-application-at-a-cheaper-price","status":"publish","type":"post","link":"https:\/\/flipkoins.com\/blogs\/better-application-at-a-cheaper-price\/","title":{"rendered":"How Outsourcing Helped Me Get A Better Application At A Cheaper Price?"},"content":{"rendered":"
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Do you know that IT companies spend up to 65% of their total budget<\/strong> just on development projects<\/span>, let it be an app<\/strong> or software<\/strong>? However, you can develop a better application at a cheaper price while outsourcing your project to remote development companies.<\/p>\n\n\n\n

The\u00a0newest report from Deloitte\u00a0claims that the\u00a0global IT outsourcing industry<\/u><\/strong>\u00a0witnessed more than 31% growth<\/strong>\u00a0last year<\/span>, and it is also expected to accelerate in the next few years. As there are many advantages of outsourcing your project, you can guarantee a better output<\/strong>, not just the\u00a0cost savings<\/strong>.<\/p>\n\n\n\n

However, six crucial factors<\/u><\/strong> can directly influence the overall project cost and the final output<\/span> of your app.<\/p>\n\n\n\n

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Six Key Factors To Ensure Better Application At Cheaper Price<\/h2>\n\n\n\n

<\/p>\n\n\n\n

1. Costs<\/h3>\n\n\n\n

A\u00a0new report by Capital Counselor\u00a0revealed that more than\u00a059% of companies<\/u><\/strong>\u00a0chose remote offshore development companies<\/span> to handle their tasks primarily due to a\u00a0lower project cost<\/strong>. Yes, there is no doubt that the\u00a0virtual workforce saves you money<\/em><\/a>.<\/p>\n\n\n\n

According to the\u00a0latest salary trend by Daxx, you may have to pay up to\u00a0$140k\/year<\/strong>\u00a0to a USA-based app developer. However, another report by Ambition Box\u00a0also reveals that\u00a0you can hire the same talent in India for just\u00a0$10k to $15k\/year<\/strong><\/span>. So, you can cut up to\u00a080% to 90%<\/strong>\u00a0cost just from the salary.<\/p>\n\n\n\n

We, at FlipKoins, always utilize the vast Indian talent pool who are not just skillful<\/strong> but also relatively inexpensive<\/strong> compared to their USA counterparts. And by hiring our remote development team<\/em><\/a>, you can effectively cut down your project cost by up to 65%<\/strong><\/span>.<\/p>\n\n\n\n

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2. Efficient Work Process<\/h3>\n\n\n\n

It is not all to get a lower project quote to make a better application at a cheaper price, as you must ensure an efficient work process to generate\u00a0optimum results<\/strong>\u00a0in a\u00a0specified TAT<\/strong>. And A\u00a0new report by Statista\u00a0recently revealed that more than\u00a037% of companies<\/u><\/strong>\u00a0are now planning to outsource their app development project to remote partners<\/span>\u00a0to achieve that efficiency.<\/p>\n\n\n\n

According to a\u00a0new study by Crunch Base, the\u00a0outsourcing industry now has an operating revenue of more than\u00a0$413 Billion<\/strong><\/span>, while software and app development projects acquired more than\u00a070%<\/strong>\u00a0of that money. Another\u00a0report by Aptude\u00a0also revealed that more than\u00a0300k jobs<\/u><\/strong>\u00a0would be outsourced in the next few years<\/span>, amounting to more than\u00a0$85.6 Billion<\/strong>.<\/p>\n\n\n\n

FlipKoins<\/em><\/a> always believes in hiring efficient app developers<\/strong> and support staff<\/strong><\/span> to meet both the short-term <\/strong>and long-term<\/strong> goals of your app development project. Besides, we also focus on achieving maximum operational efficiency with a streamlined workflow<\/strong> and clear SOPs<\/strong><\/span>.<\/p>\n\n\n\n

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3. Time Zone Advantage<\/h3>\n\n\n\n

It\u2019s a\u00a0myth<\/strong>\u00a0that time-zone differences can take a toll on your app development projects<\/span>\u00a0if you work with an offshore partner. Contrary to popular belief, a\u00a0new study by CoderSlink\u00a0recently showed that\u00a0you could utilize up to\u00a018 hours each day<\/strong><\/span>\u00a0if you chose to work with remote offshore developers<\/strong>.<\/p>\n\n\n\n

FlipKoins also follows the agile principles to become the best remote offshore development company<\/a> in\u00a0Bangalore<\/strong>, a smart city known for its\u00a0giant outsourcing powerhouse<\/strong>. A\u00a0new report by Tholons\u00a0also suggests that\u00a0Bangalore currently has the\u00a0highest market share<\/strong> in the outsourcing industry<\/span>.<\/p>\n\n\n\n

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4. Outsourcing Improves Your Market Position<\/h3>\n\n\n\n

The global outsourcing market is enormous<\/span>! According to a\u00a0new report by Globe News Wire, the\u00a0IT outsourcing industry alone will likely touch a\u00a0$425.19 Billion<\/strong>\u00a0market cap<\/span> by the end of\u00a02026<\/strong>\u00a0with a\u00a04.5% CAGR<\/strong>. However, you can simply use that vast market to improve your current market position just by outsourcing your tech projects to offshore developers<\/em><\/a>.\u00a0<\/p>\n\n\n\n

A\u00a0recent research paper published in Warwick\u00a0reveals that\u00a0small to medium companies<\/u><\/strong>\u00a0can rapidly increase their market share<\/strong> while improving their\u00a0market position<\/strong>\u00a0just by hiring a credible offshore app development team<\/span>. Another\u00a0new report by Clutch also states that more than\u00a024%<\/u><\/strong>\u00a0of small businesses now rely on offshore software companies<\/span>\u00a0to ensure a better market position.<\/p>\n\n\n\n

According to a\u00a0new study by Fortunly, more than\u00a071% of financial companies<\/u><\/strong>\u00a0now outsource their app development projects to remote teams<\/span>\u00a0to achieve a\u00a0better market position<\/strong>\u00a0at a rapid pace. So, there is no doubt that you won\u2019t just develop a better application at a cheaper price by hiring remote offshore developers like FlipKoins, but\u00a0you can rapidly climb the ladder of your market position\u00a0as well<\/span>.<\/p>\n\n\n\n

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5. Talent and Expertise<\/h3>\n\n\n\n

You can only develop a better application at a cheaper price if you have the right talent and expertise on your offshore development team. According to a\u00a0recent report by Ncube,\u00a0the software development market in the\u00a0USA<\/strong>\u00a0alone will witness an enormous shortage of more than\u00a01.4 million software developers<\/strong> this year<\/span>. And on the contrary, around\u00a0400k new engineers<\/u><\/strong>\u00a0are passing out each year<\/span>\u00a0in the USA.<\/p>\n\n\n\n

So,\u00a0the only solution is outsourcing to eliminate the\u00a0talent gap<\/strong><\/span>. Besides another\u00a0survey report from Deloitte also suggests that more than\u00a058% of companies<\/strong>\u00a0are now adopting\u00a0AI technologies<\/strong>\u00a0for their software development projects. Moreover,\u00a024.9% of software professionals<\/u><\/strong>\u00a0now must undergo specific training in AI technologies<\/span>\u00a0to match that demand.<\/p>\n\n\n\n

On the other hand, the\u00a0newest report by GitHub\u00a0reveals that\u00a0India<\/strong>\u00a0currently has the\u00a0largest pool of software professionals<\/strong>\u00a0as\u00a0the nation now houses more than\u00a05.8 million developers<\/strong><\/span>. So, you can effectively eliminate the drawbacks<\/strong>\u00a0of\u00a0expertise<\/strong>\u00a0and\u00a0talent shortage<\/strong>\u00a0by\u00a0hiring the best developers in India for low costs<\/em><\/a>, such as FlipKoins.<\/p>\n\n\n\n

<\/p>\n\n\n\n

6. Access To The Latest Technology<\/h3>\n\n\n\n

The\u00a0newest report by Security Magazine\u00a0claims that more\u00a0than\u00a089% of industries<\/strong>\u00a0are now focusing on adopting the latest technologies to accelerate their\u00a0digital transformation<\/strong><\/span>. Besides, more than 83% of IT giants<\/strong>\u00a0are now planning to outsource their projects to\u00a0MSP<\/strong>\u00a0by the end of this year.\u00a0<\/p>\n\n\n\n

Another\u00a0report from Clutch\u00a0also suggests that\u00a066% of IT leaders<\/strong>\u00a0are now planning to outsource their projects, while more than\u00a037% of small businesses<\/strong>\u00a0rely on their remote partners. So, there is no doubt that\u00a0you need to resort to an offshore company if you are looking for a\u00a0rapid amalgamation of the latest technologies<\/strong>\u00a0in your dream project to\u00a0yield optimum output<\/strong><\/span>.<\/p>\n\n\n\n

And there is no match for India if you want to access all the latest technologies, that too, at a cheaper rate. A\u00a0new report by Statista also claims that\u00a0India will soon have more than\u00a030% market share<\/strong>\u00a0in the\u00a0IT-BPM industry<\/strong><\/span>\u00a0within the next\u00a0five years<\/strong>.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Takeaway<\/h2>\n\n\n\n

According to the\u00a0newest report from McKinsey, more than\u00a045%<\/strong>\u00a0of the app development projects witnessed a\u00a0lower return<\/strong>\u00a0than expected<\/span>,\u00a0especially while they work with in-house development teams<\/strong>. You can effectively eliminate this\u00a0low-yielding performance<\/strong> by outsourcing your project.<\/p>\n\n\n\n

You will not only develop a better application at a cheaper price but will also get several other advantages by hiring us, as there are many benefits of hiring developers in India<\/em><\/a>. And if you want to have a lower price quote<\/strong> for your next dream project, feel free to contact us<\/em><\/a> or drop your queries in the comment box. <\/p>\n","protected":false},"excerpt":{"rendered":"

0 Shares Facebook Twitter WhatsApp LinkedIn Do you know that IT companies spend up to 65% of their total budget just on development projects, let it be an app or software? However, you can develop a better application at a cheaper price while outsourcing your project to remote development companies. The\u00a0newest report from Deloitte\u00a0claims that the\u00a0global IT outsourcing industry\u00a0witnessed more […]<\/p>\n","protected":false},"author":4,"featured_media":239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[20,33,25],"class_list":["post-233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-offshore-team","tag-hiring-developers-in-india","tag-indian-offshore-developer-at-low-costs","tag-tips-to-hire-offshore-development-team"],"yoast_head":"\nHow Outsourcing Helped Me Get A Better Application At A Cheaper Price?<\/title>\n<meta name=\"description\" content=\"Want to develop a better application at a cheaper price? 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A\u00a0new report by Gizmo Snack\u00a0revealed that more than\u00a080% of companies<\/u><\/strong>\u00a0now rely on the \u201cAgile<\/strong>\u201d methodology<\/span> to achieve\u00a0maximum output<\/strong>\u00a0in the\u00a0shortest possible time<\/strong>. And you can overcome the challenges of software development<\/em><\/a>\u00a0by hiring companies that follow the \u201cAgile<\/strong>\u201d principle to ensure optimum flexibility<\/strong>\u00a0without the\u00a0time-zone constraints<\/strong><\/span>.<\/p>\n\n\n\n