The software industry is developing at a rapid pace and companies are increasingly feeling the need to hire qualified professionals who can offer them the requisite support. The option of software outsourcing firms is gaining huge popularity to help satiate large establishments and their rising software related requirements. Not just big businesses, even small businesses can benefit from the assistance of outsourced software services to cut costs. In fact outsourcing software requirements to establishments effectively monetizes spending of business players.
Consider this, 40% of the Fortune 500 companies including Motorola, Microsoft, GE, Oracle, Lucent are taking advantage of outsourcing today and the list of companies is steadily growing, with software outsourcing being the lead area. The objective for this move is to ensure maximum ROI while reducing costs and an effort to ensure that the company remains a leading player in the industry. Companies stand to save anywhere between 40%-70% by adopting offshore software outsourcing.