A dedicated development team refers to a group of developers that work exclusively for a particular organization and are focused on developing and maintaining their projects. On the contrary, outsourcing involves hiring an external company to handle the software development needs of a business.
Outsourcing can be cost-effective, especially for small projects, while working with a dedicated development team allows for closer collaboration, better communication, and faster development times.
Additionally, businesses have more control over the development process when working with a dedicated team, as they can choose the skillset and experience of the developers assigned to their projects.
However, choosing between these two depends on the project requirements a business may have.