Global Software Outsourcing Market Insights, Forecast to 2028

Outsourcing has become very popular in the IT world because of its benefits, such as cost-effectiveness and flexibility. It has removed the challenges and delays traditionally associated with in-house development.
Software development is commonly outsourced to vendors or separate contractors, as it speeds up development, provides access to specialists with the expertise you may not have on your in-house team, and is usually quite cheap.
Market Analysis and Insights: Global Software Outsourcing Market
The global Software Outsourcing market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Outsourcing software services are on the rise. According to a study by Computer Economics, large organizations have increased the percentage of their IT budgets spent on outsourcing from 6.3% to 8.7% this year. Medium-sized companies too increased their budgets from 4.7% to 6.5%. The use of software development outsourcing helps companies decrease costs and get their product to market faster, so it’s no wonder companies large and small are taking advantage of this trend.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Software Outsourcing market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Software Outsourcing market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Software Outsourcing market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Software Outsourcing market.
Global Software Outsourcing Scope and Market Size
Software Outsourcing market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Software Outsourcing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Infrastructure Outsourcing
Application Outsourcing
Segment by Application
Government
Enterprise
Other
By Company
Accenture
HCL Technologies
HPE
IBM
TCS
Oracle
Cognizant
Infosys
CapGemini
NTT Data
Sodexo
ACS
ISS
Bleum
Neusoft
Inspur
ValueCoders
Kanda
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA