Introduction
Since the past few years, there’s been a shortage of software developers, making it challenging to start or continue projects even though there’s a growing demand. Companies looking to succeed in this tech industry environment should understand the reasons behind this shortage and find ways to overcome it.
Shortage of Software Developer is a serious concern
- The tech industry is facing a serious shortage of skilled developers worldwide. This is because software development is becoming more complex, and there’s intense competition for talented developers.
- In the United States alone, there are currently 1.6 million developers, quality assurance analysts, and testers. This number is expected to grow by 25% to over 2 million by 2031, which is faster than the average for all jobs.
- Despite an abundance of growth, there just aren’t enough qualified software developers to meet the increasing demand. In 2021, there was a shortage of 40 million skilled developers globally, and this number is expected to jump to 85.2 million by 2030.
Let’s understand what scenarios this shortage of software developers implies.
The indications in shortage of developer shortage
A shortage of software developers can highly impact a Software Development Company
- Firstly, a shortage of software developers will lead to an escalation in the prices charged by software development companies, as all the companies will compete against each other to hire the best resources to meet their needs. This shortage of skilled software developers impacts the quality of the products and services.
- Delays in software development can harm big economies. In the US, companies struggle to find skilled people, while other countries become better at leading in tech and innovation. The US might lose more than $162 billion in yearly earnings if it doesn’t fill more tech jobs.
- Also, there’s a risk that skilled tech workers might leave for easier jobs. In 2022, a report said 40% of US employees were likely to switch careers. Looking back, this could be bad for companies losing skilled workers. So, businesses should keep an eye on how happy their employees are and have good plans to keep them and their knowledge.
Now, you would ask what are the solutions to overcome the implications?
Worry not; we are going to highlight the best possible solution to solve the implications
Keep reading!
But before moving to the solutions, let’s understand the factors that can cause this implication
Know these 5 factors to tackle the problem of Shortage of Skilled Software Developers
Below are the factors that contribute to the shortage of skilled software developers
The industry is growing at a highly unexpected rate:-
The skills gap happens because of the rise of digital transformation or modernization. This growth is making it hard for companies to find skilled developers. When there are job openings that can’t be filled, the current team can get stressed, causing burnout and people leaving.
The complex software developments are increasing:-
The more, the merrier, is not always good. As technology grows rapidly, it is becoming difficult for IT professionals to address all the complex problems circling the software development process. This advancement is making it difficult for the team to find the right talent for their organizations.
A mismatch between education and the IT industry is not able to solve the problem:-
The theoretical knowledge given during the education premises is not enough for the professionals due to the lack of modern knowledge and an absence of proper practical exposure. The developers need the right amount of professional development to gain the much-needed practical exposure to fulfill the skill gaps.
The never-ending competition:-
In IT, competition has always been the talk of the town. Talented developers are still in high demand. Now, with more chances to work from home, there are more potential employers for each job. The Internet and social media also give job seekers more ways to connect with possible employers, managers, and recruiters, increasing the scarcity in supplying the right talent.
The economic downturn:-
As giants like Meta, Amazon, etc., are laying off, it creates a lot of availability for talented pools out there. This is the time when startups and small businesses can hunt talented professionals to integrate them into the team. To address the shortage of skilled software developers, exploring options like hiring individuals affected by these layoffs or considering Software Development Outsourcing Services can provide valuable solutions for augmenting your development team.
3 Eye-opening solutions to solve the problem of shortage of skilled software developers
The solutions below can help you mitigate the problems caused by to shortage of skilled developers
Proper education:-
Often, we blame the education system for professionals’ lack of skills. But there are unequal education curriculums taught across the world. The government and philanthropists need to address this concern by improving education slightly to provide future developers with eBay learning.
Internships and mentoring:-
Organizations can hire freshers and train them to develop modern software development skills. Interning them through video learning can also help them improve their skills.
The modern way of working:-
Organizations need to embrace the remote work setup or look forward to running IT Staff Augmentation. In simpler words, organizations that are finding it hard to find the right talent pool to meet the scarcity of skilled personnel should look forward to outsourcing their work to external software development companies or hiring remote teams from across the globe to fill the skill gap.
Based on the three solutions, the organizations can choose the best-fit solution to mitigate their problem.
Now the question arises: which are the best countries for outsourcing, and How do we Choose the Right IT Outsourcing Partner?
To answer this, we would say there is no one size fits all. Skilled developers are present in India, the United States, the United Kingdom, etc.
Let’s a brief info about the prices of outsourcing software development based on different regions
- Western Europe: Prices in Western Europe are the most costliest, ranging from 150 USD to 300 USD.
- Eastern Europe is the most popular region for fulfilling outsourcing needs. Countries like Ukraine, Poland, etc., fall under this region. The charges in this region range from 25 USD to 50 USD.
- Central/Western Asia: This is the most trending region for outsourcing software development work. Due to the excessive availability of cheap labor, the region has gained many software development gigs. The prices range from 15 USD to 40 USD.
What makes Acquaint Softtech the best Software Development Partner
At Acquaint Softtech, we created an awesome new solution for SuperFi. They had a great idea but weren’t sure how to make it happen. We advised them on the advantages of outsourcing to us, a software development firm. To speed things up, they decided to go for a minimum viable product (MVP). Instead of searching for a team, they chose to hire remote developers from us, which turned out to be a smart move. This saved them a bunch of time and effort, and we delivered a fantastic solution that both the client and their customers loved.
So, what keeps you waiting to hire us today to meet your Software Development needs
Summary
There is a lack of skilled people in the software development field. This is happening because software is getting more complicated, more projects are popping up, and there aren’t enough qualified developers to meet the demand. However, hiring remote developers through the IT Staff Outsourcing method can help organizations bridge the gap.
