Despite the downturn in the overall economy, budgets for IT dev projects are on the rise in 2009, according to the majority of senior business leaders and software development professionals surveyed by IDC.
Success in software development services is the ultimate fruit that is harvested after the long process of careful and planned implementation of the various components that go into the execution of a project of outsourced product development.
The software and IT service market could recover by the end of the year part of the decline registered in the first half of 2009, as some major projects are expected to be launched both in the public and private sectors.
The economic slump has triggered a whole ripple of business process re-engineering decisions. One of these major decisions taken, that seem to be quite a trend with most contemporary business houses, is the increasing uptake of IT outsourcing.
Software development industry insiders report increasing outsourcing, multi-sourcing, and project management improvement trends. Software development organizations are growing, while agile and CMMI are noted as preferred methodologies.