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Making your business stand out in a market flooded with products and services is a significant challenge. As market trends evolve with increasing complexity and sophistication, global companies must adopt strategies to remain competitive. One such strategy is to collaborate with experts from outsourced product development agencies.
Product development encompasses all stages, from an initial idea to market release. It includes ideation, market analysis, strategy, production, testing, and go-to-market planning.
Traditionally, product development focused primarily on the development phase. Today, it encompasses the entire process, involving various teams such as product managers and R&D. This broader approach includes outputs like product concepts, prototypes, and development roadmaps. Moreover, new product development mainly aims to create products that meet market needs. It involves rigorous testing and user feedback to ensure success and allow for quick adjustments as needed.
According to McKinsey, over 25% of total industry revenue and profits come from new product launches. However, success is not guaranteed, as research shows that for every 7 product ideas, only 1.5 launches, and just 1 succeeds.
Accordingly, when a company has low profits or fails to meet its targets because of its products, it should take measures to improve the situation. This article explores the top 5 outsourced product development agencies worldwide to help you achieve your software development goals.
Here are our top picks:
Website: www.devsdata.com
Company size: ~60 employees
Founding year: 2016
Headquarters: Brooklyn, NYC and Warsaw, Poland
DevsData LLC is a prominent IT recruitment and software development agency focusing on outsourced product development. DevsData LLC stands out in the outsourced product development through its two-facet approach. First, DevsData LLC provides comprehensive custom product development services. The company specializes in artificial intelligence (AI), machine learning, and data science solutions and has completed over 100 projects, including web development and complex back-end systems. Their clientele comprises global corporations and innovative startups, including those from the US and Israel.
Second, DevsData LLC offers tailored IT recruitment services to meet clients’ specific needs. With a database of over 65000 professionals, the company uses a thorough recruitment process with a 6% acceptance rate, including a 90-minute interview and technical assessment by experts. Their government-approved recruitment license ensures high standards in sourcing top talent. DevsData LLC’s compact scale reduces overhead costs, allowing for competitive pricing while maintaining high service standards and candidate quality.
In a notable project DevsData LLC worked with a major financial services firm to create a customized ERP and project management system tailored to their needs. The main challenges were meeting high-security standards and integrating complex features while keeping the system user-friendly.
DevsData LLC took a thorough approach to tackle this, collaborating closely with the client and implementing strong encryption and a robust permission system to protect sensitive data. They used various technologies to deliver a scalable solution that exceeded expectations. The new system replaced outdated tools like Jira, improving task management and data handling and resulting in significant cost savings. Read the full story here. Learn more about successful projects and partnerships by exploring DevsData’s case studies.
Contact DevsData LLC via email at [email protected] or explore their services more on their website at www.devsdata.com.
Website: https://www.accenture.com/
Company size: ~571600 employees
Founding year: 1989
Headquarters: Dublin, Ireland
Accenture is a leading global professional services company renowned for its strategic approach to outsourced product development. They partner with top businesses, governments, and organizations to enhance their digital core, optimize operations, and drive revenue growth.
Do you have IT recruitment needs?
Website: https://www.intellectsoft.net/
Company size: ~215 employees
Founding year: 2007
Headquarters: New York, NY
Intellectsoft is a prominent player in outsourced product development and digital transformation. It offers a wide range of services, including mobile and web app development, blockchain solutions, and enterprise software development.
To round out our list, let’s review the remaining agencies that excel in delivering top-notch outsourced product development solutions.
Website: https://www.infosys.com/
Company size: ~317590 employees
Founding year: 1981
Headquarters: Bangalore, India
Infosys is another major player in outsourced product development and is recognized for emphasizing technology and innovation. They provide comprehensive end-to-end services, including software development, testing, and maintenance, with a strong emphasis on technology and innovation.
Website: https://www.hcltech.com/
Company size: ~255380 employees
Founding year: 1999
Headquarters: Noida, India
HCL Technologies specializes in IT services and product development. The company provides diverse services, including software engineering, product lifecycle management, and digital transformation.
NPD involves creating products from scratch. It encompasses the entire process from ideation to market launch. NPD includes concept development, design, prototyping, and testing stages. This type focuses on meeting lacking market needs or introducing innovations.
A company can introduce new products or services to its portfolio but not necessarily in the market. For instance, a fashion brand might launch a website or a mobile app to optimize ordering and delivery. Although website and mobile ordering are not new, integrating them into the company’s operations can significantly improve customer convenience and accessibility.
Improving existing products is about evolving and upgrading what’s already available to meet customer demands. This could involve refining features or adding new functionalities based on user feedback and market trends. A prime example is the smartphone industry, where manufacturers regularly update their models with advanced features to ensure they stay relevant and competitive.
Technology-driven development focuses on leveraging emerging technologies to create innovative products. This includes incorporating advancements such as AI, blockchain, or IoT into new products. The emphasis is on staying ahead of technological trends and delivering cutting-edge solutions.
Among the many players in outsourced product development, DevsData LLC emerges as a top pick with an impressive 5/5 review rating on Clutch. With over 8 years of industry experience, DevsData LLC excels in providing agile, customized, and cost-effective solutions. Their compact scale offers competitive pricing while maintaining high service quality. The company’s personalized approach ensures they quickly adapt to specific client needs, making each project unique and highly effective. Their team, including experts from the US, offers a compelling combination of expertise, flexibility, and value for businesses seeking a reliable partner in outsourced product development.
In addition to the core services, DevsData LLC offers employer of record (EoR) services and business process outsourcing (BPO) solutions. Their EoR services help manage employment law and HR issues, particularly for businesses recruiting locally or establishing operations in a particular location. Their BPO solutions further optimize operational efficiency, enhancing overall business performance.
Contact:
E-mail: [email protected]
Website: www.devsdata.com
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“I interviewed about a dozen different firms. DevsData LLC is truly exceptional – their backend developers are some of the best I’ve ever worked with. I’ve worked with a lot of very well-qualified developers, locally in San Francisco, and remotely, so that is not a compliment I offer lightly. I appreciate their depth of knowledge and their ability to get things done quickly. “
Nicholas Johnson
CEO of Orange Charger LLC,
ex-Tesla Engineer,
Mentor at YCombinator
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