India remains one of the sought after names among the top countries for software offshoring. The Indian IT and software industry has come a long way in imprinting its powerful presence in the global IT industry by smartly harnessing its human resources. India’s rise as a leader in the global IT and software arena has been magnificent in the last three decades. Primarily backed by its intellectual capital of English speaking, technologically sound work force and economic advantage, India has so far retained its position as the most preferred destination for top global multinational companies looking to offshore their IT and software development.
India’s name undoubtedly features among the top three global destinations best suited for the growth of IT and software industry in any global survey. Today, while thinking of optimizing its offshore capabilities, all major global firms prefer India to other destinations – China, Malaysia, Indonesia, Vietnam, Mexico, Ireland, Ukraine, Poland and the Philippines.
With India’s talented engineering workforce and experienced leadership proving that they can deliver more than just being the foot soldiers in the global offshoring industry and scale up to the next level, the trend started shifting to software product development. Consequently, there has been a steady rise in the establishment of global delivery centers (GDCs) in India by top software companies to either develop niche products or carry out global deliveries of services to other stakeholders. The global delivery model has proved to be a win-win proposition for large and small ISVs to maximize profit and realize quality product development.
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.