This Business News Story Was Uncovered By Us From: https://www.under30ceo.com/five-less-obvious-countries-for-outsourcing-your-software-development/
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The Dutch cabinet is advising employers to raise salaries. This is a result of the current economic conditions and shortages in the labor market. Moreover, according to CBS, 2022 has brought a record 3.3% rise in salaries in the Netherlands. With the “great resignation” still rambling on, there is a significant risk for the tech sector. On one side, cooling off the VC market and uncertainty; on the other side, the finite talent and rising salary costs. At some point, the math for developing tech products may become negative. Our forecast in the IT sector is that hybrid work formats will gain momentum in the coming years due to outsourcing of software development. Dutch companies will begin to attract more people from other countries, practice part-time work, and outsource.
IT Outsourcing of Software Development
The volume of the global IT outsourcing market at the fiscal reporting end of 2021 reached $360 billion, an increase of almost 13% compared to the projected end of 2020. The growth started in 2020, when the world has been changing, and working from home, remote access to software and hardware became the usual trend. The IT outsourcing of software development market continues to grow even now, during uncertain times when a lot is going on politically and economically.
Western European companies want to minimize risks within their organization, so they opt for a solution that is more budgeted and works more efficiently. Thus, the market will continue to grow in the coming years. This will happen because companies that once outsource are not likely to return to the internal and traditional way of working.
Logically it is expected that global companies will want to save on software services without compromising product quality; outsourcing can help with this. The only question that remains is where to outsource in crisis 2022-2023 to benefit from software development services.
You can find contractors everywhere. However, it is… Read More
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