Blending Efficiency with Simplicity
With a Compound Annual Growth Rate (CAGR) of 27.5% anticipated between 2023 and 2028, the Software as a Service (SaaS) market is witnessing substantial expansion. This market is poised to attain a worth of USD 716.52 billion by 2028, with widespread applications like Salesforce, Slack, Microsoft 365, and Google Apps stimulating consumer and professional interest in this type of cloud computing. As enterprises increasingly seek cloud solutions to reduce the memory and processing requirements of consumer devices, software outsourcing is emerging as the preferred choice for organizations that lack the requisite personnel or equipment to undertake such extensive projects.
Common Challenges Faced in SaaS Development
Designing a Software as a Service (SaaS) solution necessitates a significant amount of investment in terms of both time and money to construct it from the beginning. According to estimates, building a fully functional bespoke software system usually takes more than 18 months. This projection assumes that you already have a substantial and experienced team of software engineers at your disposal – a situation that isn’t universal for every organization. Identifying and recruiting suitable talent for any vacant positions can take several weeks or even months without an existing team. An alternative approach to mitigate some of the typical challenges that come with developing a SaaS solution is to join forces with a reputable Saas development outsourcing company.
The Benefits of Outsourcing Software as a Service
The Software as a Service (SaaS) sector is intensely competitive, with startups in particular operating on a shoestring budget to keep development costs low and maximize profits from their product. In this context, small companies find it challenging to hire the large, skilled internal development teams required to create a Minimum Viable Product (MVP) that appeals to customers. Thus, both small and large firms are increasingly turning towards outsourcing for new SaaS development initiatives.
Software outsourcing companies offer several benefits to new businesses. Staff augmentation is one such example that enables them to collaborate with highly skilled contractors on an hourly basis, for as long as necessary. This could entail a long-term agreement or just a few days of assistance during peak demand. Alternatively, an end-to-end delivery team may be engaged to transform an idea into a finished product. Regardless of the requirements, an outsourcing partner should work collaboratively to devise a strategy that allows businesses to hire the right developers at an affordable cost.
Reduces Managerial Burden
For managers, hiring highly skilled individuals to work on a Software as a Service (SaaS) project can be a daunting task. Engaging for a sizable development undertaking can be even more time-consuming during typical business cycles. This is why it’s recommended to consult a trustworthy software outsourcing provider before embarking on the hiring process, to ascertain the most efficient and effective approach to commence and conclude the project.
In addition, top software outsourcing firms employ skilled recruiters who have access to well-qualified, specialized software engineers who can begin working on new projects with minimal lead time. This is advantageous for your management team, as it reduces the time they need to devote to the laborious tasks of locating and interviewing potential hires, and allows them to concentrate their efforts on advancing the company’s existing software and team objectives.
Accelerating Project Completion Process
Opting to outsource your SaaS development to a company that offers recruitment services may eliminate the need to search for and recruit qualified personnel. On average, it takes roughly six weeks to recruit a technical employee. Therefore, outsourcing the process could save a significant amount of time.
Additionally, staff augmentation that has been extensively trained does not require the same orientation and additional instruction as an in-house developer. Even if your company is in the top 1% of your industry, you may not be able to recruit the world’s finest software engineers, but companies like Works can.
Identify and Recruit Top Talent
Recruiting qualified employees in the present competitive job market is a significant challenge for any US-based company. As per the 2017 Annual CIO Survey, sixty-five percent of IT executives cited the difficulty in hiring qualified IT professionals as a major challenge facing the industry. Fortunately, software outsourcing enables IT managers to bypass this issue by accessing a vast reservoir of skilled software engineers who can start working on their next project right away. Additionally, outsourced partners have a recruitment team that can determine the ideal software engineers for a company based on factors such as salary range, internal resources, and project objectives.
Seek Input from Others
For management, it is crucial to have a clear understanding of the Software as a Service (SaaS) development cycle, to grasp client expectations and anticipate potential obstacles that the project may encounter. Even the most skilled and capable management teams may find this area of the SaaS process challenging. They may benefit from consulting external experts who have successfully managed similar projects in the past, to gain further insights and guidance.
By outsourcing, you can conveniently hire experts with comprehensive knowledge of the SaaS development sector, eliminating the need for an extended recruitment process. Your outsourcing partner will already have these highly skilled engineers available, freeing up time and resources in the product development cycle. Thanks to their proficiency, they can identify potential issues and give valuable customer feedback before launch. Additionally, the streamlined development process can enhance efficiency and guarantee that your product is brought to fruition to meet the desired standards.
As project managers, it is our duty to guarantee the successful outcome of our software development projects. However, when confronted with potential failure, this can be a challenging task. When a large, permanent workforce has been hired, managing costs and ensuring productivity becomes a concern. For those who chose to outsource development from the beginning, restructuring the workforce for the next project is more straightforward and efficient. Conversely, those who recruited full-time employees must carefully consider how to cut costs while still maintaining productivity. Regardless, recognising the hard work and contributions of the team members and wishing them well in their future endeavours is important in either case.