All You Need to Know about Benefits of Outsourcing and Preferred Destinations

The impact of technological advancements is clearly visible on offshore software development. When you opt for outsourcing services for your project, you can not only get the advantage of a global talent pool but also leverage the benefits of the latest tools. Along with this, outsourcing remains a cost-effective option to come up with a robust solution for your requirements. These are some of the major reasons why entrepreneurs prefer offshore development. 

In this article, we will dig deep into some of the top outsourcing destinations across the world and go through the hourly rates of developers for different platforms. But, before moving forward, let’s go through the key benefits of offshore software development for modern companies. We will also go through the tips on how to hire offshore developers for your upcoming project. 

Key Benefits of Hiring Offshore Software Developers

Communication and collaboration are the most crucial tools for ensuring success in the outsourcing project. An offshore software development company can assist you to form a team of developers as per the project requirements while offering several benefits like-

No Additional Costs

Outsourcing companies give a quote based on all the requirements of your project and there is no hidden cost you need to pay. Various additional costs including legal costs, hiring and onboarding costs and training costs can be saved with offshore software development. 

Transparency and Commitment

Reputed outsourcing service providers offer a transparent hiring process and you can remain assured of timely project completion without spending additional bucks. In a way, you can get the advantage from transparency and commitment from an offshore development company. 

High Reliability

An official and legal outsourcing process can give you complete peace of mind. You have a team of dedicated developers that works exclusively on your project. Simply put, you get your team away from your office by outsourcing your project. 

Timely Completion

A global talent pool exclusively works on your project and you can get it done on time. Such timely completion of your project can give you an advantage in the time to market (TTM). What’s more, you can get a team that you can easily scale up or down to meet complex needs and market trends. 

You can leverage all these benefits by hiring a robust and experienced offshore software development company. You can find such companies across preferred destinations for outsourcing services. Here is a brief account of some of the regions that have gained fame as outsourcing hubs. We will start with Eastern Europe. 

Top Outsourcing Destinations in the World

Eastern Europe

This region offers cheaper outsourcing services as compared to Western Europe. Countries like Ukraine, Belarus, Poland, Romania, Hungary, Moldova, Serbia, and the Czech Republic are noteworthy outsourcing hubs. The number of IT specialists keeps on increasing in this region and you can get expert engineers for software development, security and database, computer networking, and operating systems. The average hourly rate for developers in this region remains at $37 which is way lower than that in Western Europe and North America regions. 

Latin America

IDC has revealed that the IT industry is growing in the Latin American region in spite of low economic growth and some instability. Argentina and Chile are among the world’s top 30 countries that are advancing in Data Science including ML, data management, etc. Brazil is the biggest outsourcing hub in South America with the largest talent pool. This country has the presence of many standard offshore software development companies. The average hourly rate in Latin American countries is $50. 

Asia

It is the most promising and highly popular region for outsourcing software development services. Enterprises headquartered in Europe and the USA tend to outsource their projects to countries like India, China, the Philippines, and Malaysia. Out of these countries, India has gained ground as a leading software outsourcing country in Asia. Indian software development service providers have a vast talent pool and advanced tools for handling any size of the project with ease. An average hourly rate for offshore software development in this region is $28. 

Looking at the average development cost in these regions, we can say that Asian countries are the most cost-effective. What’s more, the average hourly rate for offshore software development in these countries is way less than that in the US and the UK. In other words, when you hire a senior software developer from any of these countries, you may need to spend less than what you spend for hiring a junior or even a middle developer in the USA. 

Useful Tips for finding the right Offshore Software Developer

But, while outsourcing your project, you need to be careful in selecting the country and an offshore software development services provider. Failure in choosing the right outsourcing partner can result in spending more bucks and compromising on the quality of software. You may end up paying twice because you may have to find another offshore development company. This is quite possible in some countries that offer the lowest hourly rates for software developers. 

You can find the right software development partner in any of these companies by looking at their online portfolios and client testimonials. It is also advisable to take an interview of developers of shortlisted companies before making your team. You can also ask other entrepreneurs for references who have outsourced their projects in such countries. Apart from the latest tools and technologies, it is imperative to check whether the offshore software development company has the necessary expertise for integrating technological advancements. 

Concluding Lines

Selecting the most suitable offshore software development company for your project is indeed a difficult task, but you can consider various factors and the abovementioned tips to accomplish it. It is fair to mention that once you have selected the right outsourcing partner, you can save big on effort and costs while getting the feature-rich solution with desired functionality as per the predefined deadline. You can also get a time zone advantage and grab an opportunity to expand your business through outsourcing your project.