Outsourcing your project to address your IT requirements is one of the toughest tasks for every business. They offer an entire team of developers who can operate your project and deliver successful projects prior to deadlines depending on your operational needs.
By hiring dedicated developers you can reduce the overall cost of developing software and reap benefits such as strong business focus, improved flexibility, access to diverse expertise, dedication towards the work, and much more.
Dedicated developers are more efficient and less likely to fail your project. In this blog, we’ll discuss how hiring dedicated developers can reduce the cost of a software development project.
Let’s get started,
1. Mitigate Additional Hiring Cost
Your project may require a variety of skills and competencies that may be lacking in your in-house development resources, the cost of a project can increase during in-house development as well. Therefore you must collaborate with an outsourcing company with a wide range of developers.
This can be beneficial when you need agile developers, UI/UX engineers, quality assurance, and so on. They offer you the best talent and a diverse range of developers for your project.
2. No Expense Of Training
IT is transforming the industry and evolves new technology regularly, so you need to keep your developers updated with modern technological trends. Training your in-house team for these modern techniques and equipment can be a major constraint to your budget. Nevertheless, it can be avoided if you hire experienced dedicated developers for your project.
3. Pay Only To Outsource Service
While working with an in-house team, you have to pay for each resource that is being used. But if you are hiring an offshore software development team then you have to pay only for the services which are outsourced. Ultimately it will reduce the software development cost of your project. Outsourcing will not only focus on cost reduction, but it will also provide value-added services.
4. Leverage Technological Expertise
Most companies are not fully equipped with the technical expertise to handle business operations. To develop complex & customized solutions enterprise needs high-level technical experts.
Working with limited resources and an in-house team of experts will not adequately meet the demands of organizations. Eventually, this will lead the businesses to hire dedicated developers who will allow you to combine the expertise of working on a specific area by developing a customized solution of superior quality.
5. Collect Project Requirements & Choose Best Strategy
If project requirements & objectives are not clearly understood and defined, developers may make errors while developing a project, and these mistakes can increase the overall cost as well as the time taken to complete the project.
Hiring an experienced dedicated developer helps in this case, since they are experts and can readily figure out the project’s specific requirements. Not only this but they can also suggest the best solution, manage the required changes while developing the project and this eventually saves a great cost.
By hiring an offshore software development team, you can focus on your core business rather than solely focusing on the development process. This offers flexibility to your business and reduces the possibility of delays that may impact your core business processes.
A dedicated development team may start working on your project far quicker than their in-house peers and help you to keep your expenses within a limit. They provide flexibility in every aspect of your project.
7. Cost Comparison: Freelancing vs. In-house vs. Outsourcing
Outsourcing development is cost-effective compared to hiring freelancers or in-house development teams as you don’t have to invest in office space and upskilling, saving time and money.
While for an in-house development team you need various project resources, office infrastructure, you have to pay for employee benefits like insurance, operations, annual increments, and much more. And a project-based model increases the total product development cost by 30%.
According to Statista, an estimated $288 billion has been spent globally on IT outsourcing services. These services consist of a website, a mobile application, software, and other computer services.
According to a Deloitte study, about 53% of companies outsource their IT services. In fact, it shows that small firms spend about 6.1% of their IT budget on IT outsourcing.
Outsourcing your software development project will be the correct option as it will be more cost-efficient in comparison to hiring in-house or freelancing developers.
Benefits of Hiring Dedicated Developers For Your Project:
- You will have complete control and freedom over your project. You will assign the task to the team and manage it according to your work schedule and integrate the modifications.
- The dedicated development team will simply be engaged in your project from inception to completion. They develop a clear framework early on to keep the project on track. Consequently, you will obtain the best outcome for your project.
- You can easily manage the dedicated development team. All you have to do is assign the tasks and inform the team of your project’s deadline in order to work on time. There is no need for you to supervise the team as an in-house team.
- Hiring experienced dedicated developers helps you focus more on the business as they can easily perform complex tasks instead of including your time in a project or contract.
- You can save on infrastructure setup, furniture cost, electricity, business level-internet, and technology. You will have access to skilled resources & reduce labor costs, and overhead expenses.
The rise in software development costs is a key concern for business organizations. The cost of the project can be easily saved by hiring dedicated developers who are skilled to handle your project needs and are able to deliver quality products at a budget-friendly price.
Developing a web-based solution is a challenging task, but it’s hard to do it on time and with the desired outcome. Therefore, start looking for a top notch development company that offers dedicated developers with great experience and knowledge that can handle your project quickly and open the door to success for your business.