6 Factors to consider before choosing a custom software development vendor || Must Read

In 2021, the global software application development market size was valued at 429.59 billion. Custom software application development is one of the fastest-growing areas in software development.

The reason: it brings multiple benefits to organizations in terms of flexibility, performance, time-to-market, cost efficiency, and innovation. The statistics do not lie. It is revealed that the custom software development market is expected to grow at a CAGR of 11.7% between 2022 and 2030.

 

What are the reasons for software development project failure? 

We can name so many software that are highly successful globally. But equally, there are many software that have failed badly. It is reported that more than 25% of software projects fail. Behind that, there is not a standalone reason for failure. It is a combination of many factors such as not clearly understanding or articulating the requirement, project mismanagement, overestimation, poor communication, and more.

In fact, more than 50% of projects fail due to not delivering the project on the committed timeline. This all boils down to one crucial factor which is a custom software development vendor. So you cannot go wrong with that.

How to choose a custom software development vendor?

When it comes to custom software development, enterprises have a lot of options to choose from. But with so many vendors out there, how can you be sure that you're selecting the right one?

Here are key qualities that a custom software development vendor must possess in order to drive value for an enterprise:

  • They must have a deep understanding of the industry and in-demand technology
  • They must be able to translate business needs into tangible solutions that address the enterprise's pain points.
  • They must have a proven track record of delivering quality custom software solutions on time and within budget.
  • They must be able to give complete clarity and transparency on security procedures and intellectual property.


 

Location: Noida, Uttar Pradesh, India

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