Today, India has emerged as the preferred location for leading multinational companies and small and medium enterprises (SMEs) for software development and research. Recent trends in market activity supported by an established ecosystem indicate that Indian software product enterprises are now reaching the most exciting point in their evolution. Many independent software vendors (ISVs) have expanded their global presence by extending their operations to India and leveraging the expertise and knowledge built over a period of three decades.
With more than two decades of experience in handling multiple technology projects, across their lifecycles, Indian software engineers have built a strong expertise in technology operations and product development. This expertise has helped Indian software developing firms develop robust management frameworks, which can be implemented on a geographically dispersed development and delivery model. Indian service providers have also significantly expanded their offerings across different verticals, enhancing their depth of services in order to attract more foreign clients.
The offshoring capabilities that India has developed and strengthened so far has successfully helped position it as the world’s largest software services delivery hub. The Indian software industry has successfully transformed from delivering standalone hardware, software and services, to moving up the value chain and providing a complete suite of end-to-end integrated offerings coupled with high-end services like consulting in large transformational deals. IT companies are now also looking at emerging business themes like analytics, mobility, and cloud computing in order to retain their competitive edge. Highly proficient analytics professionals and data scientists from India are in huge demand as digital data is growing exponentially.
India is also gaining ground as a hotbed for software testing. Global enterprises are increasingly leaning towards third-party testing service providers, which are mainly responsible to test and certify a system fit for end-consumer usage. Factors such as growing need for agility and quicker time to market at competitive costs are driving organizations to deviate from traditional SDLC (Software Development Life Cycle) methodologies and opt for latest methodologies such as agile. For global software firms, offshoring of testing work is considered less risky compared to all other options and is usually the starting point for any offshoring engagement.
In addition to this, certain other factors have also worked in favor of India to gain the trust and confidence of global investors to invest their money here and get the best return on investment (ROI). Decisive factors such as certain positive government policies, rapidly developing infrastructure, and above all, an extremely talented work force have boosted the Indian IT offshoring industry and helped them achieve a growth rate of 25–30% per year.