The document discusses trends in global offshore software development over the next decade. Some key points:
- Advances like mixed reality and AI will allow seamless collaboration between offshore and in-house teams, removing barriers like time differences.
- Younger generations will make up most of the workforce, promoting shared culture and mindsets globally.
- Offshore companies will adapt to clients' processes and deliver rapid results through agile methodologies enabled by technology.
- The market size for offshore development is expected to grow significantly by 2030 due to these changes improving client experience.
2. Table of Index
1. The Changing Work Life
2. Offshore Software Development-
Changed Scenario
3. Agile is Past Present and Future
4. SWOT analysis- Offshore Software
Development in 2030
5. How to find an Offshore Software
Development Company?
6. Why should you choose Bacancy
Technology for Offshore Development?
7. Conclusion
3. Quick Summary: Looking at the current
market size of the Global Offshore Software
Development, the future seems to be on the
pinnacle of success. With the pace of
technological advancements, the next
decade of software development, meetings,
collaborations, and outsourcing will be
flawless by bridging all the barriers that
entrepreneurs face today.
Artificial Intelligence and Mixed Reality
(Augmented Reality + Virtual Reality) will
transform the way the Mobile and Web
Development Companies function. This
blog encloses a futuristic vision that will
enable young entrepreneurs to check the
scope of Global Offshore Software
Development in the next decade.
Find out how to hire offshore software
developers with whom you can reliably
outsource your mobile and web
development.
5. Something is constantly changing in the
working world of today. An evolution forces
organizations to think differently about
what it means to be an employee, a
manager, or an entrepreneur thinking to
outsource software development offshore
to a remote software development
company.
Five trends are persuading this evolution to
trigger by challenging everything that you
consider normal work patterns. They are:
6. Globalization-
Globalization has arranged the entire world
within a big city-like arrangement.
Language, culture, currency, geographical
location, etc. now matter much less.
Organizations can find talented developers
from any corner of the globe.
Mobility-
Thanks to Mobility, we can stay connected
to our favorite people and the needed
information anywhere, anytime, and on any
device. Hence, work is no longer a
destination to go; instead, it is something
you carry with you all day in your pocket
(smartphone) wherever you go.
7. Changing Demographics-
Currently, the workforce comprises 50% of
millennials, i.e., the age group employees 24
to 37, born between 1981 and 1996. By 2025,
75% of your workforce will be millennials.
This generation expects and wants to work
in modern ways. Say, for example, they
don’t want to follow the traditional and
conceptual working patterns. Instead, they
switch to organizational change.
8. New Behaviors-
Your future employees are changing their
mindset and behaviors to adapt to the
changing workforce. New behaviors are
rapidly entering your organizations. Every
aspect of business behavior is completely
transformed today. For instance, your
employees share their personal feelings,
feedback, comments, and thoughts on
public platforms, their professional details
on LinkedIn, their photos on Instagram, etc.
Everything has transformed- from
communication, learning, collaboration,
teaching, content, finding information, and
more in your workplace.
9. Technology-
Modern technologies like Big Data, IoT,
Collaboration platforms, Wearable Devices,
5G, and Cloud computing keep us
productive and engaged in new work
patterns. Technology is the balance wheel of
your organization, as it enables everything
else to function appropriately.
Take a look at how technology will propel
our work and life in 2030 in this video:
https://youtu.be/jHNetehfW9w
10. Clearly technology, globalization, new
behaviors, and changing demographics are
acting as the catalysts of future work
patterns and workforce. Hence, if you don’t
take your organization from these needs to
the wants of the employees, your
organization clearly has no future. Now is
the time you unveil the curtains and enter
the new generation of workplace and
culture.
Are you ready for the future of work?
https://youtu.be/8iZ_eSru8_8
11. Today’s meetings are different from how
they used to be in traditional offices. Agile
methodology has alleviated frequent and
quick meetings that aren’t structured.
Audio-meetings are a thing of the past;
employees expect to communicate without
any barriers of locations and devices.
Meetings in the Future
12. More than 75% of people are
communicating with colleagues sitting at
distinct geographical locations every day.
Those who communicate with remote team
members on a regular basis believe that
video calls are the best medium of
communication.
In the upcoming decade, thanks to Mixed
Reality, an employee sitting in his home or
any distinct location will be able to join in a
meeting with his colleagues in the office in
three-dimension 3D with a holographic
video call.
https://youtu.be/7d59O6cfaM0
13. This form of meeting where we see the
merging of our real-time environments
(workplace) with mixed reality (augmented
and virtual reality) is known as holographic
teleportation. As such meetings take over
our work functions, entrepreneurs’ barriers
while Offshore outsourcing software
development will collapse altogether.
15. One of the most significant advantages of
offshore software development has been
cost reduction. The cost of hiring dedicated
developers from a global offshore software
development company is relatively less
than hiring talented developers in your
location.
However, entrepreneurs were facing a
dilemma while choosing to opt for
outsourcing primarily because the hired
dedicated developers belong to a distinct
geographic location, which brings in a
different time-zone, cultural differences,
mindsets, perceptions, and adoption rate.
This working process is gradually evolving,
though, and technology and modernization
will bridge the gap that entrepreneurs like
yourself face in the upcoming decade.
16. Culture
Millennials across the globe are no different.
They are ready to work the way you do.
Globalization has adhered to evolve the
global cultural pattern amongst the
workforce. As you hire offshore software
developers in the upcoming years, you will
no longer face a cultural difference amongst
your crew in-house and offshore.
Mindset
In the coming ten years from now, the
people’s mindset will be the same across the
world- Viable and Digital. You will get the
exact and synchronized mindset from the
beginning to the delivery of your project.
17. Process
The offshore software development
company will cope with your company’s
development process, and modern-day
technology will help them make that
happen.
Adoption
The next decade’s workforce will adopt the
time, process, and skills required to achieve
your project success. As I mentioned earlier,
only those who will adapt to the change will
pertain to the future work pattern.
This is how your hired offshore software
development staff will help you progress
your company with a swift. However,
there’s more as to how you can manage and
guide your company to an alleviated
grandeur.
18. The Global Offshore Software Development
Market is booming worldwide, and ten
years from now, you’re going to see
exceptional growth. In 2019, the global
Offshore outsourcing software
development market size was USD 900
billion, and it is expected to reach USD 1300
billion by the end of 2026.
Statistics- Offshore
Development market and
market size
19. Over the years, one thing that remains
constant in offshore development is the
Agile model of software development.
21. Agile is a development methodology that
incorporates iterative development with
continuous feedback which delivers high-
quality software. The Agile method has
proved to bring advantages like fast ROI
(return of investments), minimal risks,
dependency-management, focus on value-
driven development, and customer
satisfaction.
22. However, the Agile approach’s most crucial
aspect- Face-to-face Communication- was
being missed out when applying Agile
methodology to Offshore outsourcing
software development. Agile methodology
runs on the policy of daily meetings and
updates with the team. When you outsource
work to an offshore software development
company, the most significant barrier to
success is the time-difference and hence the
disability of conducting daily stand-up
meets.
But, as we saw the Global Offshore Software
Development in 2030 trends, we can make
out from the future holographic meetings
that face-to-face communication is easily
possible. Hence, the only barrier of physical
proximity is eradicated in Agile Offshore
Software development in the upcoming ten
years.
24. The Offshore Software Development
market is segmented in two ways: by Type
and by Application.
You get the most out of Offshore software
development when you are offshoring to a
country where production costs are lower.
This way you have to spend less on your
budget. Here is a detailed SWOT analysis for
Global Offshore Software Development.
25. We inspected, studies, researched, and
analyzed the global offshore software
development for the coming decade, and
our remarks for the SWOT study are jotted
below.
26. 3D meetings using holographic
teleportation will bridge the
geographical distances and enable Agile
meetings by combating face-to-face
communication barriers.
Millennials will make up 75% of your
workforce in the next decade, and hence
you will be benefitted from the
synchronized Mindset and Culture of
your in-house and offshore hired
developers.
Millennials will have an attitude of
adoption towards the changing
circumstances, which will eradicate all
other obstacles in your project
development.
Strengths- Global Offshore
Software Development in
2030
27. Your project will get the advantages of
test-driven development.
You are ensured rapid Product
development and delivery.
Attain faster Return On Investments.
28. Agile offshore software development
requires an experienced person, like a
Scrum Master, who can plan out and
become a pro in managing offshore
development teams.
You might find outsourcing software
development with Agile methodology
slightly costly, but it is worth the
expense. You get faster development,
delivery, and ROI with excellent quality
services.
Weaknesses- Global
Offshore Software
Development in 2030
29. The most significant chance to expand
your business in a quick time is by
outsourcing software development to
an offshore company.
You get Incremental Delivery of your
project, which leverages you the time
for its pre-preparation and
management efforts.
Grab the golden opportunity to build
strong client-vendor relationships.
You get the option to opt for Reverse
Engineering for your project
development ideas.
Implement distributed software
development strategies and techniques
for building an exclusive product.
Leverage the benefits of standardized
testing methods.
Opportunities- Global Offshore
Software Development in 2030
30. Lack of Agile Coaching- this is the only
threat while you opt to go for offshore
software development because an Agile
team can not function rightly without
proper Agile training and coaching.
With this SWOT analysis, you can work on
the Strength-Opportunity SO zone to
improve your business strategies, and take
minimal risks in the Weakness-Threat WT
zone to avoid the harm.
Threats- Global Offshore
Software Development in
2030
32. By now, you have understood that the
future of offshore software development is
bright. You must start looking for your ideal
development partners offshore so that your
business can win the markets of the future.
Do not get confused with what to do and
how to hire offshore software developers.
We are here to help you with your queries.
First of all, you must look at some potential
companies that can help you with your
offshore development. To find such
outsourcing partners, you have the
following options:
33. Search Engines
Try the most straightforward method first
of finding on the search engines- “top
offshore development team,” “best offshore
development team India,” “Hire Offshore
Software Developers,” “best Offshore
software development services India,” and
“top Offshore Software Development
company.” The list that you receive might
not be handy because those companies self
promotes their services.
However, you should note down some of
the names in the list and inquire about
them by reading more information on their
websites, checking out their testimonials,
case studies, and more.
34. Industry Related Blogs
The best offshore development companies
will have an expert blog where they share
the knowledge and improvise the market
trends. Hence, you must look for blogs on
your topic of interest, and you will come
across valuable and reliable content. As you
explore the company’s website, you are
close to finding a partnership you are
seeking.
35. Software development directories
The easiest way is to search for offshore
software development companies on Clutch
and GoodFirms. Here you will find reliable
client reviews of the companies, ratings,
and authorized testimonials. If you like any
companies from these listing platforms, add
them to your basket of considerations.
References
Another proven technique of finding an
offshore partner company is asking your
friends, co-startup founders and getting any
references from their experience and
knowledge. In this way, you get a direct
review that you can trust on and evaluate
the vendor.
37. We always stay a step ahead of the market
competition, ensuring that you will be
overcoming your competition ideas.
We follow Agile Methodology
Customer-Satisfaction is our highest
priority
We provide High-Quality Services
On-time Delivery ensured
38. Even in the COVID-19 crisis, we enable all
the security measures to protect your
highly sensitive information and apply a
non-disclosure agreement NDA.
We use all the modern tools and
technologies to keep you on the same page
with your software development team.
How do we bridge the gap
between communication
and productivity?
39. For smooth Communication
⦿Google Hangout
⦿Skype
⦿Slack
For Time Management
⦿Hubstaff
Code management
⦿GitHub
Project Management
⦿Jira
40. You must make smart decisions before time
to affirm your business success in the next
decade. Hire offshore developers from
Bacancy Technology and ensure maximum
growth in minimum expenditure. Our
developers have the domain dexterity and
provide you zero management headaches
by sharing your responsibilities.
Conclusion