Key Benefits of Outsourcing the SaaS Product Development
January 9, 2019
Since we started in 2009, we have seen SaaS flourishing particularly in commercial industries. Also, it is one of the major segments of the cloud market with anticipated growing revenues. It means, Software as a Service is making possible a greater scale of collaboration and helps to get better customer service and speed up the delivering process.
These days, SaaS performing companies are saturating the market with increasing demand and competition of SaaS solutions.
In a statistical example, SaaS initial public offerings (IPOs) have been increased more than double over the past 12 years. And some of the high performing industries are increasing their team and resources with an average of 56% per year.
To stay ahead with the competitors, industries have realized to make product market fit instantly. So, many companies are turning to outsource development team to facilitate them gather market demands in a tilt and cost-effective technique.
Is outsourcing of SaaS development a good idea?
Meanwhile, Software as a Service application is in the mainstream-use between industries today, but at the same time, it is not an easy job. It has need of a strong understanding and awareness of configurability, multi-tenancy, partitioning, security, etc.
This makes sure that a proper application can be developed which can be used to supply different types of consumers from different business verticals. So, defiantly outsourcing the software product development would a great idea to fulfill your requirement and it will return in a number of solutions or benefits to your industry, as well as:
- reduced costs and better revenue margins
- Access to larger pools of talented and capable developers
- Improved prepared effectiveness by diminished damage on in-house resources
- improved team effectiveness, with a particular value to Agile development methodology
Let’s find out the Key benefits of Outsourcing SaaS Product Development.
- Outsourcing Redeems the Startup costs:
A normal developing industries frequently initiate with limited resources and fund which can make a significant challenge to developing the minimum viable product. Hence, working with an outsourced firm, industries can create a minimum viable product without spending their budget.
For example, a Company which has outsourced its web and app development could start testing its MVP (Minimum Viable Product) as fast as likely is slack. Outsourcing, let the company to compress the prototype and check its alliance software without any major risk.
- Enhance Experience and Efficiency in Development Process:
It is never been a good idea for recruiting new talent as it can be an expensive and slow process. In addition, it can take a longer time to build a team that pools resources well together. So, working with an outsourcing team can give you access to the verity of technical expertise.
In result, outsourcing makes available a team of highly skilled developers with the expertise of product management, UX/UI design, and cross-platform development testing.
Hence, the same team has already worked together with some similar projects, their experience and advice can lead the process to a professional way.
For example, the outsourcing team can help with a choice about significant SaaS features, such as email and Chabot configuration, and payment modules. Also, they can provide supervision on features of the site or software that can be formed with existing technology.
- Meet the Market Demand Faster:
“The capability to scale rapidly” is vital for every commercial industry.
According to McKinsey,
“if a software company grows only 20 percent per year, then there is a 92 percent chance it will cease to exist in the future. Even if a software company grows 60 percent per year, its chances of surpassing 1 billion in revenue are still only 50 percent.”
So, in a very obvious way, to redeem the market demands continuous updates are very crucial for the SaaS companies. Outsourcing software development allows companies to deploy the new features to the project to compete with the new troupes in the market.
- Find Affordable talents through Outsourcing:
As I have mentioned above, recruiting a new resource is pretty time consuming and expensive. It also difficult to find appropriate and qualified developers having the required skills and having the knowledge to fulfilling the frequently changing technologies.
An outsourced team can handle a variety of task as like security management, data management, and automation. If the team members are stretched too thin for too long too thin for too long, it damages the company’s productivity levels and decreases morale. Working with consistent and reliable outsourcing partner allows companies to fill key roles with the talents.
The future of SaaS development
Working with a skillful outsourced development team would help to gain a number of key benefits for commercial industries.
According to Cisco’s Global Cloud Index, 59 percent of all cloud workflows will be delivered as SaaS by the end of 2020.
In this present scenario, outsourcing SaaS development has become an unavoidable part for companies those who are looking to save their time, resource and quality output as well.
Why Choose Us as Outsource SaaS Development Team?
Andolasoft has been providing the best quality SaaS Product Development services to their clients around the globe. Our experienced software developers have developed several SaaS applications like Orangescrum – Project Management Tool and Wakeupsales – Smart CRM tool. You can easily endeavor into the newer marketplace without making a deep investment.
Companies need to recognize the range of advantages and disadvantages of SaaS before choosing this service from a third-party service supplier. So, if you are looking for a completely personalized and dependable SaaS development service, then you have come to the correct place.