As the most preferred Outsourced Product Development Company in India CG VAK has successfully developed and deployed software products across various industries including Healthcare, Education, Retail, Manufacturing, Ecommerce, Logistics, and Banking & Financial.
At CG VAK we always leverage the latest and proven technologies to drive software solutions for our clients to ensure our customers always maintain pace with constantly changing technologies.
With 23+ years of experience in the IT Industry and a Team of 220+ highly skilled IT professionals, CG VAK can take care of all your software product development cycle from ideation to Development and Software testing.
Why Outsource Product Development to India?With a 55% market share in the global IT outsourcing market, Indian companies are by far the most preferred Outsourced Product Development destination.India has the second-largest (2nd Only to the United States) English speakers in the worldOn average Indian IT resources cost around 60% less than their US counterpartsIndia has the largest talent pool with around 75% of Skilled Global IT resources.Global Product Engineering to India grew by 40% between 2015 to 2018Source: Outsourced product development company India
You can increase your chances to succeed by reducing your expenses.Profit is the ultimate goal, regardless of the amount you invest in your business.To stay in the forefront of the changing world, businesses need to keep up with technology.Offshoring is a great way to save money and get ahead.Research and planning are essential in deciding whether to launch a new venture.
This will enable you to create the most efficient business structure.What Businesses Can Do to Reduce CostsTo ensure that every business runs efficiently and offers top-quality products and services, it is essential to make intelligent spending decisions.The profit margin is the difference between your revenues and expenses.
It is the difference between what you make and what your company makes.
This is the key determinant of a company’s competitive advantage.It is important to grow revenue at a rate of at least 15% each year.To maintain a competitive edge in the market, you must continuously seek improvement and make changes to your processes and spending.
You can cut costs if you don't have the funds to finance the needed advancements.There are many strategies you can use to reduce your company's costs.Priority-based Cost Cutting Strategies for Cost-CuttingEmployees are laid offOperational SavingsManagement a frenetic work capitalLower Supplier TermsReducing discretionary spendPrice adjustmentsProduct PortfolioReduction in the Management LayerAcquisitions Of Businesses And AssetsInvestments made in the area of Product DevelopmentCompensation adjustments for employeesSales Incentive Programs are changingOutsource/OffshoreNear-Shore/In-SourceMarketing efforts boostedMost information above shows companies making changes internally to reduce costs.
An exception is offshoring, which requires external help.What benefits does an outsourcing partner bring?Outsourcing is cost-effectiveOutsourcing your business, or the hiring of employees, can have many benefits.
With the rapid evolution in technology, businesses are almost suffering to keep up with the constant advances.
While being agile and leveraging these advances can scale up your business and increase profits, staying on top of the ever-expanding market can be quite a task.So, what must an organization who’s already sunk in their day-to-day operations do?
It essentially involves a course of action made by a business to enlist the help of third-party organizations or contractors to do the product-related work that could have been done in-house.Check out this complete guide to hire offshore developers.The Growing Trend of Offshore Development“The global IT services outsourcing market size was valued at USD 520.74 billion in 2019 and the compound annual growth rate is projected to grow by 7.7% from 2020 to 2027″.
Now that you know what an offshore development team is, you may be wondering why to work with an offshore team anyway?The big idea has to do with lower costs and reduced risks.
India has evolved as the epitome of software outsourcing hubs in the world.
Globally known for its top-notch software solution, YTII outshines at helping businesses of all sizes to hire developers, across a wide range of technologies.The company embraces a well-established set of cultural and professional values in cooperation with its development center in India.
Cost savingsA considerable benefit of outsourcing software development is the potential for cost savings.
Reduced labour cost and timeHiring developers with special skills can be done using other companies with access to a large pool of IT professionals.
Instead of paying for the processes of recruitment, selection, training and development of employees, you can directly hire a temporary employee who has already completed these prerequisites.3.
Faster speed to marketIn today’s competitive environment, companies are required to adjust tactics quickly to meet consumer demands.
Hiring an offshore software company allows businesses to be more agile and bring projects faster to their customers.4.
Stay focused on your core activitiesManaging a full in-house development team requires a considerable amount of time and effort.
