Increasing Popularity of Offshore Software Development

As per Statista, in 2019 the offshore software development industry had a global turnover of around 67 billion USD. They also predicted this sector would grow to approximately 415 billion USD by 2021. These are truly staggering numbers.

Rising professionalism, an abundance of talent, and efficient management have ensured that the standard of solutions delivered by offshore service providers continues to improve. In fact, almost 80 percent of businesses globally are satisfied with their offshore service providers (as per Deloitte’s Global Outsourcing Survey for the year 2016).

So, outsourcing software projects to a reliable offshore software development company can make a truckload of difference to the quality, scalability, and development time of solutions.

Businesses also need to understand that choosing an ideally suited service provider to handle projects can be tricky and needs to be done cautiously. However, if you can get it right, lots of advantages are bound to come your way.

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

Quality speaks for itself

Obtaining software solutions that match the highest standards in your industry to get ahead of your competitors is not easy. In many ways, offshoring to a genuine professional and renowned offshore software development company will give you the best shot at receiving excellent software solutions.

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

Time is money

Offshoring your software project to a renowned offshore software development company implies minimal time from initial development to final deployment. Simultaneously, your service provider will also handle the maintenance of the deployed solutions.

Hence, you and your employees get more time to focus on the core business functions without any distractions. Achieving your business objectives also becomes relatively hassle-free by offshoring software projects.

Tremendous returns on your investment

Hiring an in-house team for the development of your project means a substantial increase in expenses. Salaries of developers, designers, and project managers, coupled with infrastructural investments, can take a toll on the financial health of your business.

In offshore destinations like Asia, Latin America and some European countries, even the most gifted and proficient developers work on hourly wages between 18 USD to 50 USD. So, an excellent offshore software development company can deliver outstanding solutions fulfilling all your expectations at minimal prices. As a result, the overall ROI is simply fabulous.

Privacy, security and data safety

On a strong contrary to general opinion, offshoring your software projects is the safer alternative. The expertise of experienced and capable professionals working for offshore service providers results in enhancing the security features in your solutions to a substantial extent. Honestly, hiring such experienced people as employees of your company will be an unnecessary burden. It is even more so because of the ease with which you can use their services by offshoring.

In any case, you must always opt for an offshore software development company well known for their transparency and ethics in handling client data. Talking to their existing and previous clients will give you detailed insights into their general modus operandi.