Increasing Popularity of Offshore Software Development

Overall, outsourcing your software project to an offshore service provider is a practical, feasible, and smart way to bring things forward. Businesses around the world can make big profits by choosing this alternative instead of investing in the creation of in-house teams for software development.

As per Statista, in 2019 the offshore software development industry had a global turnover of around 67 billion USD. They also predict the sector will grow to around 415 billion USD by 2021. This is a truly staggering figure.

Increased professionalism, talent pool and efficient management have ensured that the standard of solutions delivered by offshore service providers continues to rise. In fact, nearly 80 percent of businesses globally are satisfied with their offshore service provider (as per Deloitte’s Global Outsourcing Survey for 2016).

So, outsourcing software projects to a reliable offshore software development company can make a truck full of difference with the quality, scalability and time of solution development.

Businesses also need to understand that choosing a service provider that is perfectly suited to tackle a project can be tricky and needs to be done with care. However, if you get it right, a lot of advantages will definitely come your way.

Let’s take a detailed look at some of the most important benefits you can enjoy by turning your project into a first-rate offshore software development company:

Quality speaks for itself

Getting a software solution that conforms to the highest standards in your industry to outperform your competitors is not easy. In many ways, offshoring to a genuine professional and reputed offshore software development company will give you the best shot at receiving an excellent software solution.

In fact, if you do it right, then you can not only match your industry standards but also become a trendsetter. It all depends on having the right vision and communicating it appropriately to your offshore service provider.

Time is money

Offshoring your software project to a reputed offshore software development company implies minimal time from initial development to final deployment. At the same time, your service provider will also handle the maintenance of the solutions implemented.

Hence, you and your employees get more time to focus on core business functions without distraction. Achieving your business goals also becomes relatively hassle free by deactivating software projects.

Excellent return on your investment

Hiring an in-house team for your project development means a big increase in expenses. A developer, designer and project manager salary, coupled with infrastructure investment, can have a big impact on the financial health of your business.

In offshore destinations such as Asia, Latin America and some European countries, even the most talented and proficient developers work for hourly wages of between 18 USD and 50 USD. So, excellent offshore software development companies can provide an excellent solution meeting all your expectations for a minimal price. As a result, the overall ROI is extraordinary.

Data privacy, security and security

Contrary to popular opinion, offshoring your software project is a safer alternative. The expertise of experienced and capable professionals working for offshore service providers results in a substantial increase in security features in your solution. Honestly, hiring experienced people like your company’s employees would be an unnecessary burden. This is even more so because of the ease with which you can use their services by offshoring.

After all, you should always choose an offshore software development company that is well known for their transparency and ethics in handling client data. Talking with their existing and past clients will give you detailed insight into their common modus operandi.