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.
There has been a shift from simple cost savings as a motivation to valuing the experience of outsourcing services providers and efficiency of cooperation between the client and provider teams, according to the research conducted by CEEOA