According to a recent NASSCOM report, almost 50% of Fortune 500 companies directly or indirectly outsource critical business operations to India. A significant percentage of American and European companies regularly choose India as their outsourcing destination. Year after year, India has been able to beat stiff competition from major countries in the outsourcing industry.
Outsourcing software development to India
Over the years, India has become the prime destination for offshore software development. The Indian IT industry has developed a reputation around the globe for providing cost-competitive, cost-effective, and high-quality software development services. In 2019, India held a 55% share in the global software outsourcing industry. which is the highest, by a single country, in the world. This is the highest, by a single country, in the world. The Indian IT industry was valued at US$177 in 2019, experiencing a growth of 6.1% over the previous year, and its projected growth trajectory puts it at an estimated US$350 by the year 2025.
Advantages of Outsourcing software development to India
Low-cost, high-quality service
Software development services provided by Indian firms are available at much more economical rates compared to other countries, while not compromising on quality. The products developed by Indian IT firms and engineers are at par with those developed in other developed countries. On the other hand, due to the lower cost of living in the country, the cost of getting a software product developed in India is much lower than that of getting it developed in countries like the United States, Canada, or other European Countries. Taken together, these two factors make India an irresistible outsourcing destination for software development. Moreover, There is an abundance of software development companies in India. It houses a huge number of ISO-9000 software companies, with many Indian service providers having achieved the prestigious SEI-CMM level.
Ease of Communication
A main advantage of outsourcing to India is that a huge number of people in India speak English. Among the Engineering community especially, people are found to be proficient in English, other than, not to mention, being technically sound. This removes the communication barrier, which can often prove to be a major obstacle to successful business operation. The presence of a significant English-speaking talent pool enables effective translation of client requirements, plans, and strategies, resulting in seamless business operation.
Availability of a Skilled Workforce
When you outsource your business to India, you gain access to an immensely talented skillforce with plenty of experience. Furthermore, this ‘availability’ is not limited to IT and software development; it penetrates into multiple sectors, such as BPO, KPO, Finance, Consulting, etc. Indian IT firms and engineers, with extensive experience, have a demonstrated track record of being capable of handling the most complex of projects with ease. The reasonable pricing adds to the appeal of Indian IT firms as high-quality, efficient service and product providers.
Superb Infrastructure and Technology
Indian firms are known to not only have access to but also to use the latest technology, aided by a great infrastructure. They are constantly working on improving their deployment strategies, and training engineers on the latest technological developments, and their implementation. Training and keeping the workforce updated on the latest technologies is at the core of their strategy.
Productivity & Better Customer Support
Due to the presence of a significant number of English-speaking professionals and large geographical area --- which offers a wide time-zone and, as a result, a large number of teams from different areas working together round-the-clock --- India has been the frontrunner at providing efficient productivity and customer support. Both of these factors are critical to providing highest customer satisfaction and, as a consequence, regular, huge volumes of business.
Unique Time Zone Advantage
Time and deadlines are very crucial to successful business operations. “Time equals money.” If a firm gets the opportunity to hire a large team whose different chunks can work at different time periods, the cumulative effect is the availability of 24/7 working teams. In India, this is usually the reality, because of the unique time zone of the country. Because of its wide geographical area, a huge number of teams spread throughout the country can work on a single project or provide uninterrupted customer service 24/7. In addition, since the IST is 5.5 hours ahead of GMT and 10.5 hours ahead of the EST, a huge time-window is created for companies around the world to accept more work, and get it done in time, by outsourcing it to India. This results in more customer satisfaction and increased business volume.
Compared to other outsourcing destinations, India has a stable government. The system of governance has been built over 73 years of independence, on the strong foundation of democracy. To further the economic growth of the country, the IT sector has always been a top priority for the Indian government. To ensure that service and development outsourcing remains seamless, the government of India set up the ministry of information technology. This IT ministry approves, regulates, and streamlines the implementation of IT projects. Over the recent decade, India has built several hi-tech IT parks with cutting-edge technology and infrastructure.
India’s Outsourcing-Friendly Policies
Outsourcing happens to be one of primary sources of attracting foreign investment to the Indian Economy. Thus, to facilitate outsourcing to the country, the government of India has framed, and constantly updates, flexible, outsourcing business policies meant to encourage overseas agencies to outsource and set up their business in India in a hassle-free manner. As a result of such policies and efforts of the IT ministry, the growth of the Indian Software outsourcing industry has been phenomenal.
Evon Technologies, headquartered in Dehradun, has been among the leading names in offshore software development. With a team of 250+ technology evangelists, the company offers state-of-the art tech consulting and development services to Startups & SMEs. We are based in Derhadun, a Tier-2 city in the Northern Indian State of Uttarakhand. The city has been chosen strategically, because it is a Tier-2 city and offers several benefits to the prospective clients.
We believe in turning ideas into reality. And we also believe that to make it happen, every member of a team working on a new idea should be as passionate as the one whose brainchild the idea is. To ensure such an attitude among Evonians, each member of our team is trained to develop a mindset of truly associating with the products he or she is working on, and not just work on it as an assignment. This helps us live our philosophy of ‘Progressive Invention'. The only thing that gratifies an Evonian is working on a great product idea and its success.
How do we offer a high benefit-to-cost-ratio
We are one of the few companies who have a complete top-to-down team of Consultants, Architects, Managers and Implementers (Designers & Developers) from great schools across India. However, a significant proportion of our workforce resides in Dehradun. This enables us to offer attractive pricing and economical product development.
- Most Evonians are locals: The company believes in utilizing the locally available talent and giving them an opportunity to grow. This ensures that there is a low attrition rate among the employees. Thus, you can invest in training an Evonian, without worrying about him quitting anytime soon.
- Higher Productivity: Compared to other metro-cities of the country, Dehradun does not have so-called "big city" problems, like high travel-time and pollution. This makes us a healthy workforce. Moreover, the absence of such problems allows Evonians to spend 8-12 hours easily at work every day.
- Low cost of living: Since Dehradun is a Tier-2 city, the cost of living here is lower than most metro-cities.This ensures lower billing rates.
- Lower infrastructure costs and infrastructural support by the State Government: Being a Tier-2 city, Dehradun offers reasonable real estate prices, which translate into lower billing costs. Plus, to encourage employment, the government extends infrastructural support.
- Large Talent Pool: Dehradun houses a huge number of Engineering Schools and thus, hiring talent becomes easy. We partner with local schools and colleges to hire the best for our company.
“Evon Technologies is committed to dreaming with you and not just working on your dream.” Come, partner with us!