In the era of booming digital technology, the demand for using software in business is increasing. 2024 will be a year that promises to bring breakthroughs in the field of software development outsourcing, opening up countless opportunities for businesses to break through and grow. This article will guide you to discover the most pioneering trends in the field, helping you seize opportunities and create success in the future.

I. WHAT IS SOFTWARE DEVELOPMENT OUTSOURCING?

Software development outsourcing (also known as software outsourcing) has emerged as an effective solution, helping businesses optimize processes, save costs and accelerate product development.

Software development outsourcing is a service in which a business will hire a supplier to carry out part or all of a software project, from design, programming to testing and maintenance. Thanks to that, businesses can focus on core activities, leveraging supplier expertise to create high-quality software products.

Software development outsourcing (collection)

Currently, software development outsourcing is a major contributing aspect of business activities that we cannot deny in today’s world. The development of information technology and software applications is becoming more important and diverse than ever. From mobile applications to complex computer software, manufacturing these technology products requires high expertise and extensive knowledge in the field of software development.

 Besides, software development outsourcing is an essential solution for businesses in the digital age, helping businesses optimize work efficiency and make spectacular breakthroughs during periods of success.”

1. Save costs and time

• Businesses can save time and money by avoiding investment in recruiting, training, and maintaining software development staff.
• Businesses can take advantage of the abundant professional resources available from outsourcing service providers, which helps save time and costs on software development.

2. Improve operational efficiency

• The software is developed according to specific requirements, meeting the actual needs of each business, helping to optimize work processes and improve operational efficiency.
• Using software development outsourcing will help automate manual tasks, saving time and manpower.

3. Enhance competitiveness

• Enhance competitiveness: Software helps businesses provide better services and meet customer needs effectively, thereby creating a competitive advantage over competitors. 
• Applying software development outsourcing during operations will help improve innovation and creativity capacity, enabling businesses to always have the opportunity to lead in the competitive market.

4. Expand the target market

• Outsourcing software development can apply software to many different platforms, helping businesses reach a broader market.
• It increases the ability to reach potential customers, boosts business revenue, and profits.

5. Ensuring network security

• Reputable outsourcing service providers will have advanced and modern security measures, helping to protect business data safely.
• They limit the risk of software being hacked, ensuring the safety of the business’s information system.

In short, outsourcing software development is not only a way to save time and costs but also an important strategy to help businesses promote innovation and flexibility in their product development process and technology.

II. TRENDS OF TECHNOLOGY FIELDS

In recent years, the technology sector has witnessed an explosion of new and potential trends. This year’s technology landscape promises to be adorned with many vibrant colors, from the Internet of Things and mobile application development to network security and Blockchain cryptocurrency. These fields have driven progress and changed the way we interact with the world around us.

Trends in technology fields (Source: TechLead)

1. Internet of Things (IoT)

• It is expected that there will be more than 75 billion connected IoT devices globally by 2024.
• IoT will be widely applied in fields such as smart homes, smart cities, healthcare, manufacturing, agriculture, etc.
• Cybersecurity will be a major concern as the number of IoT devices increases.

2. Mobile application development

• Mobile applications will continue to play an important role in everyday life.
• Businesses will need to develop mobile applications that can run on various platforms such as iOS, Android, Windows Phone, etc.
• The development of new technologies such as AI and AR/VR will promote the development of new and innovative mobile applications.

3. Cybersecurity

• The need for data security of businesses will increase. Therefore, businesses and individuals will need to invest more in security solutions to protect data from cyber attacks.
• Develop new security solutions: Security solutions based on AI, blockchain,…
• The need for cybersecurity professionals who can meet increasing demands will increase.

4. Blockchain and cryptocurrency

• Blockchain will be applied in many different fields such as finance, supply chain, healthcare, etc.
• Cryptocurrencies will be more widely used in payment transactions.
• The government will issue regulations to manage blockchain and cryptocurrency.

In addition to the above outstanding trends, a number of other fields such as artificial intelligence, virtual reality (VR), and augmented reality (AR), and quantum computing (QC) are also predicted to develop strongly in the future.

III. THE ESSENTIAL NEED FOR TALENT IN THE FUTURE LABOR MARKET

The world is entering a digital era, where software is playing an essential role and becoming increasingly complex. Therefore, the inevitable need for talent in the labor market will increase. Businesses are actively looking for outsourcing partners with expertise in:

1. Cloud Computing

• Knowledge of popular cloud computing platforms such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP).
• Skills to operate and develop systems on cloud computing platforms.
• Security skills for cloud computing environments.

2. Artificial Intelligence (AI) and Machine Learning

• Knowledge of AI and Machine Learning algorithms.
• Python programming skills and AI/Machine Learning libraries.
• Data processing skills.

Demand for talent in the future labor market (collected)

With increasing requirements in the field of software development outsourcing, workers will have to improve their qualifications and professional skills to be able to meet market needs and satisfy customers, as well as partners’ wishes.

IV. TRENDS IN SOFTWARE DEVELOPMENT OUTSOURCING SERVICES

On the path of progress in the information technology industry, software development outsourcing services have been emerging as an important trend, bringing many significant benefits to businesses around the world. Considered an effective means to reduce costs, increase flexibility, and focus on core business capabilities, this service is attracting the attention of many organizations and businesses. 

The future of the software development outsourcing services trend is characterized by:

1. Integrating artificial intelligence (AI) and machine learning (ML)

Integrating Artificial Intelligence and Machine Learning (collected)

Outsourcing companies will increasingly incorporate AI and ML technologies into software solutions to drive automation, improve decision-making processes, and enhance the user experience. AI-based software development tools and platforms may also emerge to streamline the development process.

2. Focus on customer experience (CE) and user-centered design

• Focus on customer experience and user design.

Outsourcing companies will place more emphasis on providing software solutions that prioritize customer experience and user-centered design. User research, usability testing, and continuous feedback loops will be integral to ensuring that outsourced products meet end-user expectations and preferences.

• Apply Agile and DevOps methods extensively.

Apply Agile and DevOps methods extensively (Collection)

Agile methods and DevOps practices will continue to gain traction in the software development outsourcing sector. Customers will prioritize partners capable of delivering high-quality, iterative software solutions with shorter development cycles and increased collaboration between development and operations teams.

V. HOW TO MINIMIZE DATA SECURITY RISKS IN SOFTWARE DEVELOPMENT

The issue of software data security is a top concern for businesses outsourcing software development projects to outside providers. To minimize these security risks, the most important measure that businesses should apply is to choose a reputable supplier.

Factors to consider when choosing a reputable software outsourcing company:

1. Experience and expertise

Check the company’s operating history, including the number of years in operation and projects implemented. Determine if they have experience and expertise in the area of your project.

2. Refer to customer feedback

You can refer to reviews from previous customers and check their feedback. This helps evaluate the company’s past performance and reliability.

3. Company’s development processes and working methods

You can check out your company’s software development processes and see if they suit your working style, including the use of Agile, Scrum, DevOps, and other development methods.

4. Quality and quality assurance

Determine how the company ensures product quality, including implementing quality checks, automated testing, and quality assurance standards.

5. Security and maintenance services after the project

Ensure that the company provides security services and maintenance services after the project is implemented. Security support and maintenance services are critical to project success.

Choosing a reputable and suitable supplier is also an important step for businesses to achieve initial success on the path to technology optimization.

VI. REPUTABLE SOFTWARE DEVELOPMENT OUTSOURCING COMPANIES

Currently, there are many businesses on the market providing reputable and quality software development outsourcing services. Some of them include the following companies:

1. FPT Software Joint Stock Company

FPT Software Joint Stock Company (collected)

• Website: https://fptsoftware.com
• Services provided: Technology, telecommunications, educational training
• Head office: FPT Building, No. 10 Pham Van Bach, Dich Vong Ward, Cau Giay District, Hanoi City

2. Misa Joint Stock Company

Misa Joint Stock Company (collectible)

• Website: https://www.misa.vn
• Services provided: Software products related to state agencies, enterprises, business households and individuals
• Head office: 9th floor, Technosoft building, Duy Tan street, Dich Vong Hau ward, Cau Giay, City. Hanoi.

3. STS Software Technology Joint Stock Company

STS Technology Joint Stock Company (collected)

• Website: https://saigontechnology.com
• Services provided: Software development outsourcing, web application development, mobile application development, custom software development,…
• Head office: 17th Floor, VietinBank Building, 36 Tran Quoc Toan, Hai Chau 1 Ward, Hai Chau District, Da Nang City

4. TechLead Joint Stock Company

TechLead Joint Stock Company (collected)

TechLead is a technology company established in 2019, headquartered in Vietnam. TechLead has experienced more than 6 years of development; we have more than 50 high-quality employees with 200+ completed projects. 

TechLead Joint Stock Company operates in two main areas of software development outsourcing: IT Outsourcing and Product Development. Regarding the IT Outsourcing segment, the company is still performing well in its main market, Sweden. Not only stopping at this market, the company has been reaching out to the European and American markets with a stable and potential customer base from the US and France. In the future, it can expand to Asian customers: Japan, Korea… Along with the strong development of outsourcing, TechLead expands to the Product segment with the first target being the Vietnamese market, followed by exploiting the vast global market. 

With a team of experienced and knowledgeable engineers, TechLead is always ready to listen and advise on the most suitable software solution for each business. We are committed to providing customers with high-quality, effective, and stable software products.

Contact Info:

• Hotline: 0372278262
• Website: https://www.techlead.vn
• Email: [email protected]
• Address: 4th Floor, No. 11, Nguyen Xien, Thanh Xuan, Hanoi

Contact TechLead now to receive a free consultation for your problems, bringing solutions to your problems!

VII. CONCLUSION

In 2024, the trend of outsourcing software development will continue to be one of the important factors in the landscape of the information technology industry. This is not only a way to optimize resource costs but also an opportunity to expand the scope of operations and take advantage of global human resources.

In short, the software development outsourcing trend in 2024 is not only a smart business strategy but also an important step in shaping the future of the information technology industry. To be successful, businesses need to continue to monitor and take advantage of new opportunities while maintaining an unwavering commitment to quality and innovation.

TECHLEAD – Leading technology solutions for you!

Hotline: 0372278262

Website: https://www.techlead.vn

LinkedIn: https://www.linkedin.com/company/techlead-vn/

Email: [email protected]

Address: 4th Floor, No. 11, Nguyen Xien, Thanh Xuan, Hanoi