Both IT Outsourcing and IT Staff Augmentation are among the most important in the IT industry because the revenue generated from them is in billions of dollars globally.
As per Statista, the IT outsourcing market is expected to amount to approximately $413.7 billion by 2021. Also, according to a recent study, the IT staff augmentation market generated a revenue of $9.2 billion in 2019, $132.9 billion in 2020, and is expected to reach $170.0 billion in 2021.
There is always some reason to go for these services; let’s find some main reasons:
Why IT Outsourcing?
- Reduced cost of operations
- Improve efficiency & Productivity
- Reduce business risk
- Expand to new market areas
Why IT Staff Augmentation?
- Decrease training cost
- Efficient hiring
- Increased Output and Team Size
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Sometimes when you don’t have the budget to hire specialists for a particular project, IT outsourcing or IT Staff Augmentation are the best options available for making the best projects on the latest technologies under your budget.
In this blog, we have gone through major points to make you understand the key differences between IT outsourcing and IT Staff Augmentation.
Hope you have understood it well, if not? Feel free to reach ValueCoders now.