The Benefits and Risks of Outsourcing Software Development Projects to a Service Provider
Over the past two decades, remote work has gone from an unusual phenomenon to a common reality. Remote work has become more prevalent in the US due to the COVID-19 pandemic. According to WFH Research, 28% of paid workdays were remote in March 2024, up from 7% in 2019. 12% of full-time employees worked fully remotely, while 61% worked full-time on-site, and 26% were in a hybrid arrangement. The professional and business services, finance and insurance, and information sectors had the highest prevalence of remote work.
The revenue of the IT outsourcing market in 2024 is estimated to reach $512.47 billion
In today’s rapidly evolving digital landscape, understanding the intricacies of the outsourcing market has become crucial for businesses striving to maintain competitive edges and foster innovation. In 2024, the outsourcing industry is poised to undergo transformative shifts, influenced by advancing technologies, changing business priorities, and the increasing demand for specialized skills.
