To meet the inherent need, organizations either use their information technology wing to develop the required software or rely on outsourced software development services. Outsourcing of technology can include software solutions, applications or outsourced product development services.

1. Outsourced Software Development – The Tactical Edge
In a technology driven world, it has become necessary for the organizations to adapt to the latest technologies, which enhance their
mobility, efficiency and productivity. This gives the organization a competitive advantage over others. To meet this inherent need,
organizations either use their information technology wing to develop the required software or rely on outsourced software
development services. Outsourcing of technology can include software solutions, applications or outsourced product development
services.
Software outsourcing thus has become the buzzword in the IT industry. A number of best software product development companies with
highly skilled manpower, enormous knowledge and experience now focus on their core business and are reaping profits outsourcing their
core competencies. These companies, which provide business as an outsourcing partner for software or product development need to be
fully committed not just to design, develop and implement their software projects, but also extend their services to support & maintain
mission critical applications.
Most of the software development companies, software consultancy companies, software product development companies have gained
expertise through working in various domains such as Insurance, manufacturing, Shipping, healthcare and retail sectors. The demand for
outsourcing has increased with the industries realizing the need for a stronger focus on their core business activities and outsourcing the
non-core activities to experts. This not only leads to better business development, but also reduces the administrative and operational
costs for the client company by nearly 70%.
Among the various outsourced product development services, software product development services are quite popular besides the
BPO’s. Companies offering these services are the most sought after in the global market, as they not only provide offshore developers, but
also collaborate with clients at a strategic level and provide executives with on-demand access to global innovation networks. These
companies leverage their proven tools and processes and years of expertise, to provide clients a number of services, such as customer
research, engineering, maintenance & support. Most of these software companies partner with software–enabled large business houses to
deliver quality products to the demanding market at cost effective options. This helps the software companies to create a network of
innovative hubs worldwide and connect to clients on award –winning platforms. These features make them the best product
development companies.
The software Product development lifecycle involves a number of subsets such as product conceptualizations, Identifying and designing
key features, selecting architecture, development strategy, product localization, customization and implementation. Migration and
product extensions with facility for extending product functionality design and scope for cross-platform integration as well as smart
devices are the key features that make them stand out.
Also read on: Distributed agile development, Top IT companies to work