Usage of Staff Augmentation in IT Companies
The exact percentage of IT companies that use staff augmentation can vary based on the region, size of the company, and the specific industry trends at a given time. However, it’s safe to say that a significant number of IT companies around the world resort to staff augmentation to meet their specific needs, especially in the era of digitization and rapid technology advancement.A study by MarketsandMarkets suggests that the global IT staffing market is expected to grow from USD 44.6 billion in 2020 to USD 59.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period. This growth points towards an increasing utilization of staff augmentation and similar strategies by IT companies globally.
Why IT Companies Choose Staff Augmentation
- Flexibility: IT companies often have fluctuating demands where they may need additional resources for a specific period. Staff augmentation allows them to hire resources on a need basis without making long-term commitments.
- Cost Savings: By augmenting staff, IT companies can save on numerous costs such as recruitment, benefits, training, and infrastructure.
- Access to Expert Talent: Companies can leverage staff augmentation to gain access to expert resources which might be scarce or expensive in their local area.
- Speed: Staff augmentation often ensures faster hiring than traditional recruitment processes, enabling companies to meet their project timelines.
Should you require any assistance in this area, at Synapse Team, we have a proven track record in providing highly effective staff augmentation, dedicated team, and offshore software development services to various IT companies worldwide. Our services ensure not only cost savings and flexibility but also a marked increase in your productivity and business efficiency.