Read a guide on how to make a marketplace like Etsy, its key features, tips, and costs.

Read a guide on how to make a marketplace like Etsy, its key features, tips, and costs.

Guide On How To Make a Marketplace Like Etsy | Agilie

Analyze what eCommerce marketplace is and explore five most powerful marketplaces to boost your own business.

Analyze what eCommerce marketplace is and explore five most powerful marketplaces to boost your own business.

5 eCommerce Marketplaces: Sell Online And Boost Your Business | Agilie

Check how to create an AliExpress clone website. Analyze AliExpress benefits, challenges, and alternatives.

Check how to create an AliExpress clone website. Analyze AliExpress benefits, challenges, and alternatives.

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Comprehend the tactics and approaches to promoting your marketplace prior to its launch.

Comprehend the tactics and approaches to promoting your ﻿marketplace prior to its launch.

How to Promote a Marketplace Platform Before Launch | Agilie

Check out the guide on how to start an online jewelry business and consider the eCommerce website features one should comprise.

Check out the guide on how to start an online jewelry business and consider the eCommerce website features one should comprise.

Jewelry Business Online: From Market Research to App Development | Agilie

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Grab a short and detailed guide on how to start an online shoe business to make it profitable and in demand.

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Explore the must-have eCommerce website features, from the responsive design to the cash-on-delivery option, client feedback, and more.&nbsp;

Explore the must-have eCommerce website features, from the responsive design to the cash-on-delivery option, client feedback, and more.

12 Features Every E-commerce Website Should Care About | Agilie

Embrace the essence of the on-demand grocery app, how it works, and why it is promising during the pandemic.&nbsp;

Embrace the essence of the on-demand grocery app, how it works, and why it is promising during the pandemic.

Best Strategies for Grocery Ordering App Owners Amid COVID-19 | Agilie

Learn about the cost of building a banking app based on its features, dev process, UX/UI design, and wireframe.

Learn about the cost of building a banking app based on its features, dev process, UX/UI design, and wireframe.

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Blockchain has become a paradigm shift that changes the operations of different industries. Nevertheless, like any other disruptive technology, a lot of myths and misconceptions have appeared. We should differentiate between fact and fiction to use blockchain technology effectively and responsibly. We can better understand what blockchain is (and isn&rsquo;t), how it functions, and the varied applications it holds besides cryptocurrencies by clarifying these misconceptions.
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="Blockchain is not just about Bitcoin; it is the technology that can transform different fields. 

Blockchains are strong but not flawless, and being aware of the possible weak sections is a very important thing in keeping the network safe.

Educational investment and partnerships with software development experts are the main factors for businesses that will use blockchain technology.">
<div class="form-description-title">Key Takeaways</div>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Blockchain is not just about Bitcoin; it is the technology that can transform different fields.&nbsp;
</li>
<li dir="ltr" style="text-align: left;" aria-level="1">
Blockchains are strong but not flawless, and being aware of the possible weak sections is a very important thing in keeping the network safe.
</li>
<li dir="ltr" aria-level="1">
Educational investment and partnerships with software development experts are the main factors for businesses that will use blockchain technology.
</li>
</ul>
</div>
<h2 dir="ltr" role="presentation">&nbsp;Myth 1: Blockchain and Bitcoin Are the Same</h2>
Among the most common myths about blockchain technology is the confusion between the blockchain and Bitcoin. Blockchain and Bitcoin were created simultaneously, so they are widely believed to be the same thing. However, we must understand that blockchain is a much broader term. It is the technology that created Bitcoin. While Bitcoin is indeed the first and most famous application of this technology, equating the two is like saying that Google is the Internet.
Blockchain is a decentralized digital ledger technology (DLT) that records transactions across multiple computers so that the records cannot be altered retroactively, without the alteration of all subsequent blocks and the consensus of the network.
This makes blockchain a naturally secure and transparent method of data and transaction recording.&nbsp;
Bitcoin is a type of digital currency based on blockchain technology and used for secure, anonymous, and decentralized financial transactions. The blockchain of Bitcoin acts as a public ledger for all the transactions in the Bitcoin network, thus, it is possible to transfer digital currency securely without the use of intermediaries like banks or governments.&nbsp;
Blockchain technology can be much broader than purely financial transactions. It can be used in different industries with various aims. Nowadays, many businesses are studying how <a href="https://agilie.com/blog/enterprise-blockchain-development-how-businesses-derive-benefits" target="_blank" rel="noopener">enterprise blockchain development</a> can improve their operations.

Here are a few examples:
Healthcare: Blockchain can guarantee the safety of medical records storage and sharing. Thus, they are only available to authorized personnel and patients and lead to quicker diagnosis and treatment.​
Financial Services: Blockchain is a viable solution for international payments, real-time settlements, and improving transaction transparency and security.
Digital Identity:&nbsp; Blockchain can correct identity theft and fraud by adding digital identities that cannot be changed. For example, Estonia's e-Residency program is the first of its kind, a government-issued digital identity that allows entrepreneurs from anywhere in the world to operate and conduct business online in the EU.
Real Estate: Blockchain can simplify property transactions such as sales, leasing, and financing by reducing paperwork and improving transparency.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/blog/the-evolution-of-blockchain-from-bitcoin-to-business-applications" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280829344.png" width="100%" height="100%" />Learn more about the evolution of Blockchain from Bitcoin to business applications.</a>
<h2 dir="ltr">Myth 2: Blockchain Transactions Are Always Anonymous</h2>
A frequent mistake people make about blockchain technology is that it is automatically anonymous to its users. However, the truth is more nuanced. Blockchain transactions are not strictly anonymous but pseudonymous.
Pseudonymity means that a user's identity is not directly tied to their blockchain transactions but rather to a digital pseudonym, typically a public key or a blockchain address. These addresses are like a sequence of letters and numbers, giving privacy but not total anonymity.
In contrast, anonymity would mean that the transactions are entirely disconnected from any identity, even a pseudonym, making them untraceable to the user. Blockchain does not usually provide this level of anonymity because the transaction history of each blockchain address is visible to anyone who accesses the blockchain.
Most blockchains are open ledgers, meaning that all transactions are visible to anyone who wishes to view them. This level of transparency ensures that while users' identities are not directly exposed, their transaction histories and patterns can be analyzed.<span style="font-size: 11pt; font-family: Roboto, sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> 
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280901953.png" alt="Agilie Expert Tip infographic with a lightbulb illustration, offering advice for blockchain systems: educate teams on anonymity and pseudonymity, integrate privacy features like zero-knowledge proofs, update security protocols, plan scalability with privacy using decentralizing nodes or layer-two solutions, and ensure compliance with data privacy regulations." width="2256" height="1616" />
While basic blockchain transactions offer pseudonymity, several enhancements and tools can increase privacy:
1. Mixing Services: Services like CoinJoin allow multiple users to combine their transactions into a single transaction with multiple inputs and outputs. This mixing blurs the traceability of any single coin, making it more difficult to link wallets with identities.
2. Privacy-Focused Cryptocurrencies: Some cryptocurrencies, like Monero and Zcash, are designed specifically to enhance privacy. Monero uses ring signatures and stealth addresses to hide the transactions&rsquo; origins, amounts, and destinations. Zcash allows users to shield transactions completely through its zk-SNARKs technology, which enables transactions to be verified without revealing the sender, receiver, or amount.
3. Use of Multiple Addresses: Users can increase their privacy by using multiple wallets or addresses, dispersing their transactions across several points, which makes it more challenging to link them to a single identity.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/blog/blockchain-tech-trends-how-to-stay-ahead-of-the-curve" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280997458.png" width="100%" height="100%" />Explore key blockchain technology trends and stay ahead in its innovation with insights and practical examples.</a>
<h2 dir="ltr">Myth 3: Blockchains Are Unhackable</h2>
The idea that blockchains are completely unhackable is a frequently held misconception that can cause a dangerous level of complacency in security measures. While blockchain technology does offer robust security features, it is not immune to vulnerabilities. Knowing the security features employed and the situations in which breaches happen is very important for anyone who wants to use blockchain for their business.
Blockchain technology secures data through several mechanisms:
Cryptography: Every transaction on a blockchain is secured using cryptographic algorithms, which ensure that data can neither be altered nor read without the appropriate cryptographic key.
Decentralization: By distributing copies of the ledger across a network, blockchain reduces the risk of a single point of failure that could compromise the entire system.
Consensus Protocols: Blockchains use various consensus mechanisms, like Proof of Work (PoW) or Proof of Stake (PoS), to agree on the validity of transactions. These protocols prevent a malicious actor from changing even a single aspect of the blockchain.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/expertise/fintech/blockchain-software" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281102044.png" width="100%" height="100%" />Learn more about our blockchain software development services.</a>
Despite these security measures, there are scenarios where blockchains can and have been compromised.
<h3 dir="ltr">Scenarios Under Which Breaches Have Occurred</h3>
51% Attacks: This type of attack happens when a single entity gains control of more than 50% of the network&rsquo;s mining hash rate or stake, allowing them to manipulate transactions and potentially double-spend coins.&nbsp;
Code Vulnerabilities: <a href="https://agilie.com/blog/secure-smart-contract-design-best-practices-in-solidity-programming" target="_blank" rel="noopener">Smart contracts</a>, which are self-executing contracts with the terms directly written into code, can contain vulnerabilities. One of the most famous incidents is the DAO attack on the Ethereum network. Hackers exploited a vulnerability in the DAO (Decentralized Autonomous Organization) smart contract code to siphon off one-third of the DAO&rsquo;s funds.
Phishing and Social Engineering: End-user security is often the weakest link in a blockchain system. Phishing attacks can allow attackers access to blockchain assets, bypassing network security measures, to steal private keys or wallet credentials.
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281254703.png" alt="Agilie Expert Tip infographic with a lightbulb illustration, providing tips to improve blockchain security: conduct regular security audits, consider network security measures like decentralizing mining power or hybrid consensus mechanisms, educate users on securing private keys and recognizing phishing attempts, and implement multi-signature protocols with hardware wallets for offline storage of private keys." width="2256" height="1438" />
<h2 dir="ltr" style="text-align: justify;">Conclusion</h2>
The blockchain technology is often seen as highly popular and muddled at the same time.&nbsp; Falsified myths are only part of the misconceptions that can mislead such a fantastic technology. Similarly, proper professional knowledge and strategy can help blockchain perform to its potential in various fields.&nbsp;<a href="https://agilie.com/blog/your-own-cryptocurrency-from-scratch-everything-you-need-to-know-to-create-your-cryptocurrency" target="_blank" rel="noopener">Building your own cryptocurrency</a> can be a strategic move for businesses seeking to innovate and tap into new digital markets.
At <a href="https://agilie.com" target="_blank" rel="noopener">Agilie</a>, we understand that dealing with a complex environment is also a significant challenge. This is why we create powerful blockchain systems and wish to educate our clients regarding the breadth of blockchain-utilizing services. Therefore, such solutions can be tailored to your industry's concrete necessities and problems.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/contacts" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281316627.png" width="100%" height="100%" />Contact us to find out how our blockchain development services can help you achieve your goal.</a>

Discover the truths about blockchain technology as we debunk common myths and clarify its applications to empower businesses with informed integration.

Discover the truths about blockchain technology as we debunk common myths and clarify its applications to empower businesses with informed integration.

Blockchain Myths Debunked: Separating Fact from Fiction | Agilie

Looking to outsource software development? Explore 15 top countries in 2025 that offer the best balance of tech expertise, cost savings, and business-friendly environments.

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15 Best Countries to Outsource Software Development in 2025 | Agilie

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Explore the technology of blockchain and banking industry, analyzing its benefits, challenges, and use cases.

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Analyze the latest fintech software development trends. Clarify what impact the evolving digital technologies have on the industry.&nbsp;

Analyze the latest fintech software development trends. Clarify what impact the evolving digital technologies have on the industry. 

Fintech Software Development Trends in 2025 | Agilie

In 2025, IT outsourcing keeps empowering global businesses and small companies to hire third-party specialists to promote digital transformation, optimize financial input, and access global tech talents. This article analyzes the software development outsourcing statistics, focusing on its market size, trends, outsourced services, and skill gaps.&nbsp;
<div id="form-description" class="form-description" data-title="Key Outsourcing Statistics for 2025 (Agilie's Choice)" data-text="69% of enterprises tend to outsource helpdesk and end-user computing services. (Deloitte)
One of the principal reasons for IT outsourcing is that hiring a third party can preserve up to 40% of the organizational budget. (MSBU)
Hiring a third-party IT representative can speed up the development cycles by 50%. (Number Analytics).
Business organizations experience a 30% shortage in tech talent related to cybersecurity and privacy. (Robert Half)">
<h2 class="form-description-title">Key Outsourcing Statistics for 2025 (Agilie's Choice)</h2>
<ul>
<li dir="ltr" aria-level="1">One of the principal reasons for IT outsourcing is that hiring a third party can preserve up to 40% of the organizational budget. (<a href="https://msbu.co.id/blog/how-it-outsourcing-helped-save-40-of-it-budget" target="_blank" rel="noopener">MSBU</a>)</li>
<li dir="ltr" aria-level="1">
Hiring a third-party IT representative can speed up the development cycles by 50%. (<a href="https://www.numberanalytics.com/blog/smart-it-outsourcing-cuts-costs-boosts-firm-growth" target="_blank" rel="noopener">Number Analytics</a>)
</li>
<li dir="ltr" aria-level="1">
Business organizations experience a 30% shortage in tech talent related to cybersecurity and privacy. (<a href="https://www.roberthalf.com/us/en/insights/management-tips/the-skills-gap-in-tech-is-poised-to-expand" target="_blank" rel="noopener">Robert Half</a>)
</li>
<li dir="ltr" aria-level="1">
93% of organizations anticipate entrusting various facets of their cybersecurity defenses to specialized service providers within the next two years. (<a href="https://www.forbes.com/councils/forbestechcouncil/2023/11/29/the-role-of-outsourcing-in-navigating-the-cybersecurity-skills-gap/" target="_blank" rel="noopener">Forbes</a>)
</li>
</ul>
</div>
<h2>Global Market Size &amp; Growth: Statistics</h2>
Outsourcing IT services becomes a global mainstream, which shows a promising projections for the further growth of its market demand.
<ul>
<li dir="ltr" aria-level="1">
The global IT outsourcing market is projected to rise at a CAGR of 8.5% from 2024 to 2033, reaching a value of 1318.28 bln by 2023, as in 2024, the value hits around $672.7 bln. (<a href="https://www.businessresearchinsights.com/market-reports/outsourcing-market-117810#:~:text=OUTSOURCING%20MARKET%20OVERVIEW,USD%201318.28%20billion%20by%202033." target="_blank" rel="noopener">Business Research Insights</a>)
</li>
<li dir="ltr" aria-level="1">
The outsourcing industry is valued at around $730 bln and is anticipated to grow by 9.4% annually. (<a href="https://aaeafrica.org/regional/africa-new-opportunities-through-outsourcing-and-shared-services-industries/" target="_blank" rel="noopener">African Association of Entrepreneurs</a>)
</li>
<li dir="ltr" aria-level="1">
It&rsquo;s anticipated that global IT outsourcing will rise to $651.54 bln, as well as reach $850.73 bln, with a CAGR of 5.48%. (<a href="https://www.mordorintelligence.com/industry-reports/it-outsourcing-market" target="_blank" rel="noopener">Mordor Intelligence</a>)
</li>
</ul>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1749705736537.png" alt="Projected growth of global IT outsourcing to $651.54B and $850.73B." width="2400" height="690" />
<ul>
<li dir="ltr" aria-level="1">
APAC (Asia-Pacific Region) is anticipated to hit $129.78 bln by 2025, while the projections indicate a CAGR growth of 7.03% from 2025 to 2030. (<a href="https://www.statista.com/outlook/tmo/it-services/it-outsourcing/apac" target="_blank" rel="noopener">Statista</a>)
</li>
<li dir="ltr" aria-level="1">
In terms of global comparison of IT outsourcing, the USA is predicted to gain the highest revenue of $218.02 bln in 2025. (<a href="https://www.statista.com/outlook/tmo/it-services/it-outsourcing/asia" target="_blank" rel="noopener">Statista</a>)
</li>
<li dir="ltr" aria-level="1">
In Europe, the IT outsourcing sector is anticipated to reach a revenue of $282,149.2 mln by 2030, with a rise in CAGR of 7.4% from 2025 to 2030. (<a href="https://www.grandviewresearch.com/horizon/outlook/it-services-outsourcing-market/europe" target="_blank" rel="noopener">Grand View Research</a>)
</li>
<li dir="ltr" aria-level="1">
Latin America is projected to hit $126,320.9 mln with a CAGR of 10.1% from 2025 to 2030. (<a href="https://www.grandviewresearch.com/horizon/outlook/it-services-outsourcing-market/latin-america" target="_blank" rel="noopener">Grand View Research</a>)
</li>
<li dir="ltr" aria-level="1">
In Eastern Europe, IT outsourcing is expected to grow to $5.34 bln in 2025, which is anticipated to raise the market volume by $7.43 bln with a CAGR of 6.82% from 2025 to 2030. (<a href="https://www.statista.com/outlook/tmo/it-services/it-outsourcing/eastern-europe" target="_blank" rel="noopener">Statista</a>)
</li>
<li dir="ltr" aria-level="1">
The IT outsourcing market in Australia is expected to hit the value of $21.26 bln by 2029 with a CAGR of 8.41% from 2025 to 2029. (<a href="https://www.techbusinessnews.com.au/news/australias-it-outsourcing-market-set-to-surge-what-it-means-for-seo-services/" target="_blank" rel="noopener">Tech Business News</a>)
</li>
</ul>
<h2 dir="ltr">Offshore vs. Onshore Outsourcing: Statistics</h2>
Outsourcing itself is a broad concept that encompasses offshoring and nearshoring types. Relocating business IT functions to different countries (offshoring) and hiring in neighboring countries (nearshoring) depict current approaches to third-party software development.&nbsp;&nbsp;
<ul>
<li dir="ltr" aria-level="1">
Around 13% of companies intended to align with digital offshoring, considering the talent shortages in the home location landscape. (<a href="https://www.oecd.org/content/dam/oecd/en/publications/reports/2024/04/offshoring-reshoring-and-the-evolving-geography-of-jobs_bcef831d/adc9a9d5-en.pdf" target="_blank" rel="noopener">OECD</a>)
</li>
<li dir="ltr" aria-level="1">
Offshoring was a central theme to consider, as 42.5% of European organizations applied cloud computing to host e-mail systems and preserve files. (<a href="https://www.thebusinessresearchcompany.com/report/offshore-software-development-global-market-report" target="_blank" rel="noopener">The Business Research Company</a>)
</li>
</ul>
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1749706055500.png" alt="Offshoring trend: over 40% of European companies use cloud for core IT." width="2400" height="746" />
<ul>
<li dir="ltr" aria-level="1">
21% of small businesses are interested in hiring a third-party nearshoring to maintain competitive advantages and embrace new technologies. (<a href="https://hatchworks.com/blog/nearshore-development/nearshore-software-development-statistics/" target="_blank" rel="noopener">HatchWorksAI</a>)
</li>
</ul>
<h2 dir="ltr">Key Outsourced Software Development Services: Statistics</h2>
With the rapid expansion of IT directions, the business sector aims to partner with a third-party tech provider to cover the aspects of AI, cybersecurity, blockchain, etc.&nbsp;
<ul>
<li dir="ltr" aria-level="1">
78% of respondents indicate their organizations applied AI at least to cover one operational function in 2024. (<a href="https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-state-of-ai" target="_blank" rel="noopener">McKinsey</a>).&nbsp;
</li>
</ul>
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1749706171709.png" alt="78% of organizations applied AI for operational functions in 2024." width="2400" height="746" />
<ul>
<li dir="ltr" aria-level="1">
According to research, around 81% of the leading public companies apply blockchain. (<a href="https://www.mdpi.com/2071-1050/17/7/2855#:~:text=According%20to%20the%20%E2%80%9CBlockchain%20Adoption,production%2C%20while%2019%20remained%20inactive%2C" target="_blank" rel="noopener">MDPI</a>)
</li>
<li dir="ltr" aria-level="1">
93% of organizations anticipate entrusting various facets of their cybersecurity defenses to specialized service providers within the next two years. (<a href="https://www.forbes.com/councils/forbestechcouncil/2023/11/29/the-role-of-outsourcing-in-navigating-the-cybersecurity-skills-gap/" target="_blank" rel="noopener">Forbes</a>)&nbsp;
</li>
</ul>
<h2 dir="ltr">Outsourcing Trends and Insights: Statistics</h2>
Regardless of the extensive digital transformation, there are top trending directions for businesses to hire outsourcing specialists to cover cloud-based services, digital platform integrations, and RPA.
<ul>
<li dir="ltr" aria-level="1">
Over 41% of global tech and business leaders are strategically planning to invest in cloud-based services to streamline their workload management, underlining the new angles in IT outsourcing demand and requirements. (<a href="https://www.mordorintelligence.com/industry-reports/it-outsourcing-market" target="_blank" rel="noopener">Mordor Intelligence</a>)
</li>
<li dir="ltr" aria-level="1">
86.4% of companies intend to integrate digital platforms and applications by 2027, reflecting a growing strategic emphasis on outsourcing and comprehensive digital transformation. (<a href="https://www.mordorintelligence.com/industry-reports/it-outsourcing-market" target="_blank" rel="noopener">Mordor Intelligence</a>)
</li>
</ul>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1749706242934.png" alt="86.4% of companies plan digital platform integration by 2027, emphasizing outsourcing." width="2400" height="746" />
<ul>
<li dir="ltr" aria-level="1">
According to the predictions, RPA (Robotic Process Automation) will be an indispensable part of operations among 90% of large enterprises by 2025. (<a href="https://www.gartner.com/en/newsroom/press-releases/2020-09-21-gartner-says-worldwide-robotic-process-automation-software-revenue-to-reach-nearly-2-billion-in-2021" target="_blank" rel="noopener">Gartner</a>)
</li>
</ul>
<h2 dir="ltr">Result Efficiency of IT Outsourcing: Statistics&nbsp;</h2>
IT outsourcing provides a range of benefits, including cost-effectiveness, increased security, streamlined performance, etc.
<ul>
<li dir="ltr" aria-level="1">
Companies underline that IT outsourcing affected performance improvement, leading to a 25% increase in system uptime. (<a href="https://www.numberanalytics.com/blog/smart-it-outsourcing-cuts-costs-boosts-firm-growth" target="_blank" rel="noopener">Number Analytics</a>)
</li>
<li dir="ltr" aria-level="1">
According to the research, outsourcing cybersecurity aspects enabled a mid-sized bank to reduce the risk of security breaches by 40% while remaining regulatory-compliant. (<a href="https://www.numberanalytics.com/blog/smart-it-outsourcing-cuts-costs-boosts-firm-growth" target="_blank" rel="noopener">Number Analytics</a>)
</li>
<li dir="ltr" aria-level="1">
One of the principal reasons for IT outsourcing is that hiring a third party can preserve up to 40% of the organizational budget. (<a href="https://msbu.co.id/blog/how-it-outsourcing-helped-save-40-of-it-budget" target="_blank" rel="noopener">MSBU</a>)
</li>
<li dir="ltr" aria-level="1">
Hiring a third-party IT representative can speed up the development cycles by 50%. (<a href="https://www.numberanalytics.com/blog/smart-it-outsourcing-cuts-costs-boosts-firm-growth" target="_blank" rel="noopener">Number Analytics</a>)
</li>
</ul>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1749706337168.png" alt="IT outsourcing benefits: saves 40% budget, speeds development by 50%." width="2400" height="1128" />
<ul>
<li dir="ltr" aria-level="1">
The partnership with the leading cloud provider reduces up to 30% of operational costs, enabling businesses to optimize performance during high-traffic events. (<a href="https://www.numberanalytics.com/blog/smart-it-outsourcing-cuts-costs-boosts-firm-growth" target="_blank" rel="noopener">Number Analytics</a>)
</li>
<li dir="ltr" aria-level="1">
By shifting their IT responsibilities to third-party vendors, the organizations benefited from 30% to 75% lower service costs than in developed countries. (<a href="https://fbj.springeropen.com/articles/10.1186/s43093-024-00372-y" target="_blank" rel="noopener">Springer Open</a>)
</li>
</ul>
<h2 dir="ltr">Outsourcing for Small Businesses: Statistics</h2>
Small businesses consider software development outsourcing as a key solution to optimize their competitiveness.&nbsp;
<ul>
<li dir="ltr" aria-level="1">
22% of small businesses aimed to partner with outsourced providers for IT services. (<a href="https://passivesecrets.com/outsourcing-statistics/" target="_blank" rel="noopener">Passive Secrets</a>)
</li>
<li dir="ltr" aria-level="1">
Around 37% of small companies prefer outsourcing in order to stay competitive. (<a href="https://www.demandsage.com/outsourcing-statistics/" target="_blank" rel="noopener">DemandSage</a>)
</li>
<li dir="ltr" aria-level="1">
83% of small businesses are interested in maintaining financial investment in outsourcing services. (<a href="https://www.demandsage.com/outsourcing-statistics/" target="_blank" rel="noopener">DemandSage</a>)
</li>
</ul>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1749706464044.png" alt="Small business outsourcing: 83% interested in sustained financial investment." width="2400" height="746" />
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<li dir="ltr" aria-level="1">
24% of small businesses choose to partner with third parties to optimize the efficiency of their business. (<a href="https://capitalcounselor.com/outsourcing-statistics/" target="_blank" rel="noopener">CapitalCounselor</a>)
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<li dir="ltr" aria-level="1">
Approximately 14% of small companies indicate that outsourcing partners handle more than half of their cybersecurity operations. (<a href="https://capitalcounselor.com/outsourcing-statistics/" target="_blank" rel="noopener">CapitalCounselor</a>)
</li>
</ul>
<h2 dir="ltr">Talent Demand and Skills Gap: Statistics</h2>
Rapid promotion of digital transformation, AI integration, etc., leads to a shortage of tech talent.
<ul>
<li dir="ltr" aria-level="1">
According to&nbsp;<a href="https://www.roberthalf.com/us/en/insights/management-tips/the-skills-gap-in-tech-is-poised-to-expand" target="_blank" rel="noopener">Robert Half's</a>&nbsp;research, companies experience a 44% gap in IT skills associated with AI, machine learning, and data science.&nbsp;
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Companies face a 25% shortage of technology and automation tech professionals. (<a href="https://www.roberthalf.com/us/en/insights/management-tips/the-skills-gap-in-tech-is-poised-to-expand" target="_blank" rel="noopener">Robert Half</a>)
</li>
</ul>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1749706579097.png" alt="Technology talent shortage: 44% gap in AI skills, 25% in automation professionals." width="2400" height="758" />
<ul>
<li dir="ltr" aria-level="1">
Business organizations experience a 30% shortage in tech talent related to cybersecurity and privacy. (<a href="https://www.roberthalf.com/us/en/insights/management-tips/the-skills-gap-in-tech-is-poised-to-expand" target="_blank" rel="noopener">Robert Half</a>)
</li>
</ul>
<h2 dir="ltr">Conclusion</h2>
The discussed software development outsourcing statistics underline the global demand for accessing global tech talents. With the evolving trends of RPA and cloud computing, global businesses face complexities in hiring and retaining professionals within cybersecurity, AI &amp; ML directions. Nevertheless, with the demand for reskilling, outsourcing still brings benefits of cost reduction and accelerated development, etc.&nbsp;&nbsp;

Explore 2025 software development outsourcing stats, trends, and insights to guide your business decisions and choose the right tech partner.

Explore 2025 software development outsourcing stats, trends, and insights to guide your business decisions and choose the right tech partner.

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