Top Reasons Why Offshore Software Development Continues to be Smart Choice of Businesses

Be it a website, app or any other form of software, the toughest challenge that most businesses face is to find right talent, hire them and retain them in-house. Startups, especially, have a limited budget and can’t bear the high cost of hiring experienced developers for specific requirements and managing their IT requirements. These are the major reasons why many businesses, regardless of business size, go for offshore software development - A panacea for all software development woes.

Offshore development is synonymous to outsourcing your development project to a company or freelancers located in some foreign country, like India, Ukraine, etc. The best part though is you still control everything from within your organization, that too with reduced costs and more time at your disposal to focus on other core activity of your business. Also, there are many project management tools available in the tech market, like FindNerd and Trello, to help monitor development process and collaborate with offshore developers for the best outcome.

You may have a great business idea for an app or website, but without access to wide skill-set professionals, it’s very difficult take your idea to fruition. This is one of the major reasons why offshoring has become very popular in countries like US and UK. Software talent in these countries is very expensive and the cost of training and retaining them is also too high. Let’s take one by one the benefits of offshore software development that largely outweigh the benefits of having an in-house development team.

#1 Significant Cost Savings

In Western Europe or North America, the cost of hiring software developers is approximately 90% higher than the cost of hiring offshore developers. It’s no secret that outsourcing your project to a software development company saves 20 to 40% of your total expenditure on your production cost.

You need not to bear the high expense of paying fixed salaries. Outsourcing allows you to hire professionals and pay them based on the task they have performed and the number of hours they have spent on it. By deploying a good project management tool, you can keep complete track of resources that have been assigned and their activities towards the completion of your project.

Another cost advantage of outsourcing is that you free yourself from buying expensive IT infrastructure and set-ups. Thus, you can use your capital for other important business investments.