Setting up a new online gambling platform can be a daunting task. You may have identified the perfect customer and come up with an industry-beating idea for your new casino, but do you have the right tools, software and team around you to make it a success?
Planning and building a successful online casino can be made much easier if you hire software experts to help you build the platform. Probably the most efficient and effective way to do this is through outsourcing a development team.
The growth of the IT outsourcing industry
For a number of years, the volume of the IT outsourcing industry has been continuously increasing as more and more iGaming operators have identified the benefits of taking development companies on board.
According to
Statista, the volume of the IT services industry was $866 billion in 2015, and this continued its rise in 2020, increasing to $1.021 trillion. It is projected that this trend will continue, with worldwide expenditure on IT services exceeding $1.113 trillion in 2021, a 9% increase over the previous year.
The IDC (International Data Corporation) has also
predicted growth in the development of IT outsourcing over the coming years. According to IDC analysts, who are among the most renowned in the IT sector, the volume of consulting services for software development will rise by an average of 5.2% year on year by 2024.
Is outsourcing the key to efficiency?
Evaluations of modern iGaming businesses as a whole indicate a huge shift from internal to external development, and this has only been accelerated by global events in recent times. For example, one of the key effects of the global pandemic has been the quickening in the growth of outsourced services, given the fact that so many millions of workers around the world have been unable to work collaboratively in physical locations – working remotely has been the norm.
Many iGaming firms have therefore had to reevaluate their development strategy, and it has been discovered that the most agile and efficient way to implement necessary changes as quickly as feasible is through outsourcing projects with a nimble IT development company.
Many businesses have reached a tipping point where "subsistence farming" - creating an internal team to satisfy the needs of your company - is no longer viable. The model of hiring an external IT development team has become extensively employed in various industries, with the financial industry and e-commerce continuing to lead the way given the highly-developed nature of external development companies, who can quickly and effectively jump on to new projects.
Below, we will take you through the different ways that collaboration with an external team can improve the efficiency of your online casino build, and why even very traditional companies are changing their mindset towards outsourcing their software development.
Driving efficiency by partnering with an outsource development team
Casino launch and implementation speed
In a highly competitive market, where momentum and speed-to-market are hugely important in terms of getting ahead of your rivals, developing and launching your product quickly is crucial for businesses. Reducing time to market and the overheads involved in a lengthy development process can be hugely beneficial to a start-up, particularly if they need to be mindful of time and cost elements.
The firms that employ the services of outsourced developers are the ones who can set themselves at the front of the digital race. Trends in the IT sector change at an astronomical rate, and the demand for new professional skills within the software development sector is clearly evident. Given the scarcity of qualified and highly experienced IT specialists, most businesses need access to a dynamic development partner which can provide trusted experts that can get an excellent job done. This contributes to a faster, more efficient and more effective development process, allowing the product to be released in good time.
Furthermore, if your gambling business requires urgent project scaling or team strengthening, outsourcing becomes an essential activity and resource. External teams can quickly adapt to both the goals of the casino build and any changes that may occur during execution, given their diverse expertise and quality of execution. As a result, recruiting a trustworthy outsourcing partner ensures a high rate of producing quality results for your online casino.
Flexibility
The nature of tasks that a customer might need to complete can be varied, and so there can be a very heavy workload for in-house development teams to manage. In many cases, these internal teams do not have wide enough skillsets to overcome the many challenges that they face on a project-to-project basis. One of the key advantages of seeking help from outsourced development companies is that you can dip into the skills and experience you need with as much flexibility as you need for building your casino.
With in-house developers, their skillset can limit the creativity of your project, and your casino may not fulfil its whole potential by becoming a fan favourite with your target players. Outsourced teams bring new levels of expertise, as well as taking on the risks associated with the replacement of a specialist. The task of the external team is to provide the necessary resources, personnel and skills that will ensure a high-quality result and make the final product - the online casino - as successful and attractive to players as possible.