How is Covid19 impacting the software development industry

Did you know, the total turnover of the corporate market in 2018 was 456.1 billion U.S. dollar? Moreover, these figures are expected to go as high as 507.2 billion U.S.D. by the year 2021.

Some of the countries such as China, Hungary, India, The Philippines, Poland, Russia, South Korea, Taiwan develop a major part of software for the world.. 

However, recently due to Covid 19, the development process is adversely affected. According to a recent study from the World Health Organisation, WHO, the total number of infectants has increased to 100,000 worldwide, and the same report claims a death of more than 4,984 deaths. These stats surely have an effect on the efficiency of the software industry.

Effect on major Tech companies:-

Corona has its impact on almost every business, however, the tech market is brutally affected. There are many potential companies that have banned traveling for business purposes. There are several events such as E3 2020 Gaming Conference, Mobile World Congress, The Geneva Motor Show, Facebook’s F8 Developer Summit, The Geneva Motor Show, Google I/O, Annual Snap Market Summit, Chipmaker Nvidia’s GPU Technology Conference have been announced canceled.

The five software giants – Apple, Microsoft, Alphabet, Amazon, Facebook – collectively had to suffer a loss of $1.3 trillion. Therefore, the possible chaotic conditions due to the propagation of Covid 19 surely have its haunting effects on software companies. 

The Seattle area and Silicon Valley corridor are two of the most affected areas among other software-developing states or countries. These areas were the center of facebook, Alphabet, Amazon, Apple, and Microsoft. 

Effects on small Software startups

Most of the countries are announcing a complete lockdown for some weeks or a month. Therefore, the small scale software startups which were expecting results in the forthcoming days have to let down their expectations for sometime. Moreover, those with little or no seed funding are lost in annihilation. 

What are the steps of the companies in such a scenario?

As we know, and as per guidelines of WHO, there is no particular cure for Covid 19; neither have we yet developed any vaccine for the same. Therefore, precautions are the only way of remaining safe from this dreadful virus. 

The software companies are trying best to pave ways to keep their employees safe. Most of the companies are offering work from home, and are conducting inaugurations through live-streamed content. 

Apple, another leading software company, had to call off the Q2 Revenue Projection. Another major impact that Covid 19 has on Apple is the loss of the market of China. Apple has decided to shut down all of its 42 stores in China; moreover, it has also closed its contact centers in China.

Google is also not debarred from the effect of Covid-19. Its offices in China, Hongkong, and Taiwan have been declared closed. Similarly, Microsoft has also allowed its employees to work through their home. It has announced no reduction in the wages even after the reduced work. 

Pros and Cons of outsourcing software development to India

Looking around and seeing most of your competitors outsourcing software development to India, may have encouraged you to do the same. But, before making that decision, you must want to know why so many companies are outsourcing software development to India and if you should do it too. 

Before taking any important decision, a simple task everyone advised you to do is make a list of pros and cons, as it helps you think more clearly. That is why we have compiled a list of pros and cons of outsourcing software development to India to help you with this confusing and exhausting process.

Pros of outsourcing software development to India 

Cost-effective

Cost is a primary reason why many companies outsource their software development needs to India. India offers a variety of prices for software development. 

Every business loves cost-effectiveness, well who doesn’t. India has the availability of cheap labour and resources, which makes it affordable for outsourcing business requirements. 

Time-saving

Time is a precious commodity for everyone because we all got very little of it. Outsourcing to India is a much more time-saving option than in house software development. You do not have to go through the hiring and training process like you would have to do in case of in-house software development. 

A software development company in India can easily avail a large number of temporary employees. Therefore, you can easily get your software solution on time even quicker. 

Outsourcing Software Development to India

Wide range of talent

A majority of the Indian population is young and working. Each year millions of talented graduates are added in the workplace. A majority of them are STEM graduates, which makes India a large pool of talent. 

By outsourcing software development to India, you get to choose from a large number of talented and skilled developers. These developers are capable of handling a variety of technology-related work. 

Communication 

Communication is an important factor that needs to be considered while outsourcing software development. Although, while outsourcing software development to India, you don’t need to worry about the communication factor. 

India has the second-largest English speaking population in the world. It makes communication much easier with software development companies in India.

Quality 

While outsourcing, many companies worry about the quality of work.  We always imply that for affordability, we have to compromise with quality.

By outsourcing software development to India, you get the same quality of work at an affordable price. You do not have to compromise with either quality or affordability by outsourcing software development to India.     

Cons of outsourcing software development to India

Language barrier 

Although India has a variety of languages, when it comes to outsourcing, work can be sourced only by countries with English speaking majority. 

Many countries do not use English as an official language, and outsourcing with these countries is quite difficult for India. Although this does not affect some major countries like the United States, the United Kingdom, and Australia, it certainly limits the sources for India.

Cultural difference

Apart from language, culture is also a huge barrier for companies who want to outsource to India. India has a contrasting and different culture than other countries. Although, the culture is what makes it unique and popular among other countries. It certainly creates a barrier for companies who want to outsource software development to India. 

Due to the huge difference in culture, messages often get misinterpreted during the process. Many companies face a sudden culture shock while working with an offshore software development company in India, due to the difference in accents, common conceptions, and mutual understanding. It leads to confusion and frustration between both the clients and the company. 

Less control

While outsourcing to any country, you will have less control over the development process. Software development is a complicated matter, as it requires continuous efforts and attention. 

It will sometimes lead to irregular communication as your hired company will be more focused on the project. This way, you will have less control over the offshore development team, as you won’t be available physically.  

Time-zone difference

While working with a different country in a different continent, time zone difference is an obvious reality and a major problem that you will face. 

The difference in time zone can sometimes benefit you, and sometimes it can not. It can lead to difficulty in communication and delay in work.  

Conclusion

While making a pros and cons list of anything, you will realise that everything has good and bad effects. That is why it is on you to decide what pros are more beneficial for you than the damage by a con. If you go with the above points, it will be easier for you to decide whether outsourcing software development to India is a good idea or not. 

Why your business needs custom software development?

Custom software development is a process of developing software that specifically meets the needs of a business. This software is specifically designed for businesses for some specific problems and for in house use, not for reselling. 

Continue reading “Why your business needs custom software development?”

How to monitor the effectiveness of your outsourced software development company in India

Working with an outsourced software development company in India can be a blessing or a curse. It entirely depends on you, what you want it to be. 

You may have put a lot of money and effort into your software development project. That is why you would want to get the best quality of work within the timeframe. For that, you need to know how to monitor the effectiveness of your outsourced software development company in India. If you don’t know how to do that, then we are to tell you a few things that will help you a lot. Set appropriate milestones and timeframe

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Should a startup outsource their software development?

As an entrepreneur, there are a lot of things you need to figure out, and one of them is software development. 

The use of technology for businesses is to make a lot of activities easier and more time-saving. That is why for startups, the software is a huge savior because startups are often understaffed, and have a tight budget. 

Continue reading “Should a startup outsource their software development?”

How to choose the best software development company in India?

Choosing the best software development company in India is a very difficult job. There are over 5,500 software development companies in India, and each claims to be the best. In a country with such a huge IT industry, you get endless options to choose from, and more options create more confusion as well.

There are many factors you should consider before hiring a software development company in India. That is why we have mentioned some points you should consider before hiring a software development company in India. 

Continue reading “How to choose the best software development company in India?”

How to choose the best software development company in India?

Choosing the best software development company in India is a very difficult job. There are over 5,500 software development companies in India, and each claims to be the best. In a country with such a huge IT industry, you get endless options to choose from, and more options create more confusion as well.

Continue reading “How to choose the best software development company in India?”

Should a startup outsource their software development?

As an entrepreneur, there are a lot of things you need to figure out, and one of them is software development. 

The use of technology for businesses is to make a lot of activities easier and more time-saving. That is why for startups, the software is a huge savior because startups are often understaffed, and have a tight budget. 

Continue reading “Should a startup outsource their software development?”

Why investing in software development is important for your business?

It’s the 21st century, where technology advancement is at its peak. You need software for your business now more than ever. 

Every company is hiring a software development company in India to develop software, which can help their company grow.

Continue reading “Why investing in software development is important for your business?”