Software development demand increased strongly in 2021, pushing IT companies to grow teams, raise rates, and expand into new markets. The report highlights that most participating companies were small or mid-sized agencies; 58.6% charged between US$30–60/hour, and many companies increased rates by 10–25% in 2021. It also shows that clients chose vendors mainly for tech competencies, references, cost, industry experience, and communication. This whitepaper gives businesses a useful benchmark for evaluating software development companies, pricing expectations, cooperation models, and market direction. Download the full whitepaper to explore the complete research findings and vendor selection insights.
What’s Inside
- Participants’ Overview: Company size, headquarters, specialization, tech stack, and delivery locations.
- Services & Solutions: Popular services such as web, custom software, mobile, design, QA, plus common solution types like eCommerce, SaaS, and enterprise software.
- Team & Capability Benchmarks: Insights into English levels, certifications, partner networks, and subcontractor usage.
- Cooperation Models: How IT companies prefer to work, especially dedicated team and time-and-materials models.
- Pricing & Project Size: Benchmarks on hourly rates, minimum project size, and customer lifetime value.
- Growth & Market Changes: How software companies grew in 2021 and adjusted rates amid rising demand.
- 2022 Plans & Challenges: Planned market expansion, rate increases, tech stack changes, and marketing challenges.
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