Why Is Offshore Software Development A Game-Changing Idea For Businesses Across The Globe? Share: Softuvo Solutions Date Published 12 April 2022 Categories Blog Reading Time 4-Minute Read Given the pace at which businesses and industries are growing, offshoring software development for technical and cost reasons is the best business move! Given the pace at which businesses and leading industries are growing, offshoring software development for technical and cost reasons is the best business move you can ever think of. Whether you are initiating your own business app or a project manager launching an app, outsourcing software development is a complex business decision. There is a pile of things that needs to be taken care of while you are creating a product from scratch and have that “Big Idea” in mind, like tech peculiarities of the project, deadlines, staff management, etc. Hence managing all of this will turn out to be a lot easier if you move toward this business decision. You will not only be freeing yourself from the challenge of hiring a skilled staff but also ensuring that you get the best quality software delivered to you in the shortest possible time frame. And to prove this we have some awesome stats! According to Statista, the IT outsourcing services market profit will reach $513.72 billion by the year-end of 2022. Also as per Deloitte, the most visible benefits due to outsourcing popularity in 2021 were cost reduction, consistency, and operational effectiveness. What Is Offshore Software Development? Offshore software development is the process in which businesses hire offshore developers from distinct locations that provides them with tech support at lower costs as compared to their home countries. It is solely upon the businesses whether they want to hire them for complete end-to-end development services or particular solutions such as mobile app development, web development, UI/UX design, and quality assurance. For example, IT giants like Apple, Microsoft, and Google have all established their R&D centers in Bangalore, Chennai, and other parts of India. This has helped them gain a massive talent pool and the opportunity to scale due to the increase in output and improved technical expertise. The Benefits of Outsourcing Software Development Access to Experienced Developers Finding a reliable development with absolutely the right skill sets ranging from design, development, and testing becomes easier when you take the route of outsourcing your project idea. This way it becomes easier to find experienced technical experts in the business domain you are operating and you also get the benefit of scaling up according to your custom needs. Reasonable Operational Costs One of the biggest benefits of offshoring is that when you work with an overseas developer team, you don’t have to set up any workspace, provide infrastructure, or any equipment or IT system. This way you save up a lot on time and money and even hiring because you are already getting a team of the best software developers. So, it’s a complete win-win situation for you! Reduced Development Costs There are a number of offshore development agencies across India that offer flexible prices for the quality of services and skills they offer. For example, the average cost of hiring a dedicated developer would range from $60 to $100 per hour. Thus ensuring you get absolute value for money. Lower Risks and Timely Delivery When you are planning to build software in-house, you will be solely responsible for things that can go wrong during development or deployment. However, partnering with an offshore development company relieves you from this stress because it is their responsibility to test the product and ensure a glitch-free deployment. Moreover, they are equipped with multiple skilled hands that make sure that they are able to deliver the product on time in the market. How Can You Hire The Best Offshore Software Developers? Experience matters. Take careful note of the previous work and client reviews before making the final decision. Know their technological expertise. Analyze how much interested they are in your project. Look for a team that challenges your idea and provides you with the best possible solutions. Communication is the key. The software development company you are hiring should be fluent in terms of conveying the project update. Ensure you keep the IP rights. Wrapping Up! Clearly, it states that it is a good business and financial decision to seek technical expertise by outsourcing your project development. This particular sphere of IT professionals offers businesses a large number of opportunities, according to which they can quite efficiently save effort, time, and money. Therefore, if you want to increase your profits, simply hire the best offshore software development company and gain a completely new product, ready to rule the competitive space.