With the advent of several new technologies in the recent past, enterprises are expanding their horizons and looking beyond the periphery of their own organizations to forge strategic partnerships when it comes to software product development. The emergence of what Forrester calls the Product Development Services 2.0

1. Software Product
Development in 2018 -
Product Development Services 2.0
10 Reasons to Outsource Software Development
Trends in IT Outsourcing 2018
With the advent of several new technologies in the
recent past, enterprises are expanding their horizons
and looking beyond the periphery of their own
organizations to forge strategic partnerships when it
comes to software product development. The
emergence of what Forrester calls the Product
Development Services 2.0
Reduces Cost
Outsourcing can reduce
development costs by
70% compared to an
in-house team.
Work with a Managed Team
With in-house employees, you need managers.
Outsourced teams on the other hand do most
of this work for you.
Today’s outsourcing service providers are
professional companies. They are not just
vendors, but business partners.
Professional Services
The sooner you can get your product to
market, the better.
Go-to-Market Faster
Spend Less Time on Support
You need a team to maintain your product
while you focus on winning customers.
You are free to choose the best team based
on their skill set, work culture and price.
Hire Globally
Incubate with Less Risk
By outsourcing, you get the benefit of
incubators without the cost of relocating.
Work with
Experienced Developers
Most reputable service providers have
years of combined experience working
with companies on successful projects.
1. High demand for the big data software developers
2. Adoption of Blockchain technology
3. Specialization of IT expertise by outsourcing companies
Hire a team that already has the tools,
resource, skills on-hand and up-to-date
on market trends.
Access to the
Latest Technology
Save time and money by hiring a seperate
team for each project or have a dedicated
team that stays with you across projects.
Gain Flexibility
and Speed
0
20
7.6
12.25
19.6 18.3
22.6
28
35
42
49
56
64
70
77
84
90
96
103
40
60
80
100
120
MarketvolumeinbillionUSdollars
2011
2012
2013
2014
2015
2016
2017
2018*
2019
2020
2021*
2022*
2023*
2024*
2025*
2026*
2027*
Source : Statista, Spiceworks
0
0.95
2017 2018* 2021
2.1
9.2
2
4
6
8
10
12
SpendinginbillionU.S.dollars
IT Automation
Advanced Security
SDS/Virtual SAN
IoT
IaaS
PaaS
SDN
Hyperconvergence
VR
3D printing
AI
0% 20% 40% 60% 80% 100%
Adoption of Technology Trends
Currently use Planning to use in 12 months
29 %
24 % 21 %
29 % 23 %
37 % 20 %
47 % 18 %
45 % 23 %
53 % 15 %
43 % 20 %
51 % 20 %
55 % 21 %
51 % 22 %
25 %
Information Technology Spending Forecast Worldwide to 2020
Source : Statista
0
500
1000
1500
2000
2500
1995.7
2015 2016* 2017* 2018* 2019* 2020*
2040.1 2109.5
2185.3
2254.5
2328.1
3000
SpendinginbillionU.S.dollars
Spending on IT is forecasted to reach $2.3 trillion by 2020 worldwide
Top Drivers of New Software and/or Services Purchase
Source : Statista
0%
20%
40%
60%
80%
End of Life
54%
53%
End of life Growth/
additional need
Upgrades/
refresh cycles
End user
needs
Budget
availability
Software / App
compatibility
Project
need
49%
46%
45%
30%
29%
"End of software life" is the top driver of new software purchase, close
followed by growth or additional need.
Top drivers to Purchase Solutions through Channel Partners
Source : Statista
59%
49%
47%
45%
37%
31% 31%
Speed of
delivery
Product
availabiliy
Ease of
Purchase
Positive prior
experience
Trust /
reputation
Existing
relationship
Price
0%
20%
40%
60%
80%
Price is the major factor to purchase solutions through service providers.
RapidValue is a leading provider of end-to-end mobility, omni-channel, IoT, RPA and cloud solutions to enterprises
worldwide. Armed with a large team of experts in consulting, UX design, application development, testing along
with experience delivering global projects, we offer a range of services across various industry verticals. RapidValue
delivers its services to the world’s top brands and Fortune 1000 companies and has offices in the United States, the
United Kingdom, Germany and India.
+1 877.643.1850 contactus@rapidvaluesolutions.com www.rapidvaluesolutions.com
© RapidValue Solutions
Big data market size revenue forecast worldwide from 2011 to 2027
Worldwide spending on blockchain solutions from 2017 to 2021
From IT automation to emerging technologies (AI, RPA, VR), IT service providers are
coming on board with exciting new tech.
Worldwide Software Budget Breakout for 2018
Source : Spiceworks
SECURITY
BUSINESS SUPPORT APPS
COMMUNICATIONS
PRODUCTIVITY
BACKUP/DISASTER RECOVERY
DEVELOPER TOOLS
VIRTUALIZATION
DATABASE MANAGEMENT
IT MANAGEMENT
OTHER
OPERATING SYSTEMS
INDUSTRY SPECIFIC APPS
EMAIL SERVERS
DON’T KNOW
8%
11%
10%
10%
9%
9%
7%
7%
7%
6%
5%
4%
3%
3%
Industries Perfect for Outsourcing Software Development
e-Commerce Finance/Banking Healthcare Education Manufacturing