Amid the fast-paced technological advancement and deluge of software development-related projects, the need for developers has never been higher. And to tackle this surge in load, companies and businesses keep experimenting with new ways to get the job done.
One of those ways is a collaborative model known as offshore software development. Of late, the tendency toward embracing this model has been rampant because of the plethora of benefits it offers to companies and businesses.
Outsourcing software development brings forth a lot of benefits, like letting you tap into the global pool of high-quality talent, reduced development, top-notch quality final products, an expedited software development timeline, flexibility to scale up or down the team at the helm of software development, all this and more without excessive overhead expenses, concern for compliances related to employees, and commitment to employee benefits.
Also, this guide will not be centered around mere benefits; we will cover the models you have at your disposal and top companies to outsource without worry and confidently… so just keep reading.
So, without further delay, let’s jump straight into the benefits.
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9 Benefits of Offshore Software Development
Offshore software development brings a plethora of benefits to companies looking to outsource their development-related tasks; let’s delve into them.
Chance to Tap into Global Talent Pool
Normally, if you hire or even give out the software development project to some company in your country that we know as onshore software development, you are not actually getting it developed by the best, as you are hiring local talent that does not necessarily have to be the best. But when you look out for companies online or opt for offshore software development, you are accessing the top talent from around the world.
Technology is a phenomenon that does not regard boundaries; even third-world countries have the best talent that you can hire at lower rates. Developers from Asian countries are highly specialized in their core technologies and are as professional as Americans or Europeans.
If you compare hiring onsite and offshore software development, outsourcing clearly triumphs as the winner in the comparison. When you post a job, you get CVs and resumes from mostly around the vicinity of the area, even if your job offer is highly compelling, because most good professionals already have jobs, and they do not want to commute to new places and get stuck in traffic jams on the way. On the other hand, in outsourcing, talent from around the globe is working on your project, letting you get it developed from the best.
Cost Efficiency
When you opt for offshore software development, all secondary costs and other overheads have to go out of the equation, becoming irrelevant. There is only a development cost involved that you pay to the third party you hire for the software development project. There are no rents or bills, no excessive overhead maintenance dividend you have to set aside as fixed cost, no assured employee benefits, etc.
Not to mention, this is true based on your location and the third-party vendor you pick for offshore software development. If you are located in some Asian or African countries and you are outsourcing software development to a third party residing in America, Canada, or some European countries, you are going to pay way more than if you get the development work done in your own country or in some neighboring country in your region. So, offshore software development is way cheaper than hiring an in-house team because of the lower hourly rates of developers living in countries with low costs of living.
Top-Quality Product
Outsourcing software development gives you a chance to access top talent from around the globe. When you are outsourcing, you are putting the software process in the hands of experts with expertise who are well-versed in software development and have years of experience bringing visions to life.
There are so many companies out there, and all of them specialize in some development, and some offer a gamut of services. Whether you need a high-performing web app that can bear a high load or an app that consumes less mobile resources, you can find a company that can provide the specifications and qualities you want in your app.
The reason for such a promising final product is the synergy of diverse skill sets, specialized expertise, best practices, industry standards, top-notch quality assurance and testing, and cultural diversity.
Flexible Team Easy to Sclane and Down Based on Demand
When you hire an in-house team, you have to ensure there are projects the teams are working on, but in the case of outsourcing offshore software development, you just have to pay the cost, and it is the company taking care of the project.
With an in-house team, you have to have bidders, a sales team, and lead generation experts bring you projects, meaning you have to take care of the cycle of abundance and dearth, but in the case of giving out your project, you would be paying merely for the salaries of team members. If suddenly or over time, you don’t need 20 people working on your project; the company will then be charging you for the experts currently working.
Quick Project Start
The offshore company you contract for offshore software development has a track record of projects delivered for their past clients, and they understand the intricacies of software development. They are cognizant of what would be required to kick off the project, so they gather the requirements really professionally, as they have already had a template to follow and gather the requirements, and after confirming and validating all the requirements, they usher in the journey aimed at bringing your vision to life.
Outsourcing companies’ primary aim is customer satisfaction, so they try their best to deliver software development projects as fast as possible to get reviews and ratings that are good for their business, which actually helps them garner new prospects or even content you to the point that they want to have you for further development.
Rather, you go for hiring an in-house team and doing the hiring-related formalities. These companies have a team in which they assign roles, figure out the technologies that will be employed, and start the project right away.
Letting You Focus on The Core Business
Hiring software developers is as intricate a task as software development itself. If you don’t have the resources and developers, you will spend the most on replacing and onboarding new hires, as top software development requires experts with high-end skills.
By opting for offshore software development, businesses get to focus better on the core company’s core business. By delegating something hectic, complex, and time-consuming as software development, you get to streamline processes as your internet resources are freed up to focus on core things. Outsourcing lets you have an approach that helps you direct your expertise toward the area where it is most needed and can make a substantial impact.
Access to Advanced Technologies
One of the biggest benefits of offshore software development is that it gives businesses invaluable access to modern technologies. Normally, offshore teams are upskilled to effectively take on a project so that they stay abreast of the latest technological trends and methodologies, which kind of becomes your gateway to cutting-edge solutions and innovations.
Thus, offshore development lets companies integrate state-of-the-art technologies into their projects without the need for extensive in-house investments in continuous training and development. The result is a competitive edge, as businesses can leverage the expertise of offshore teams to implement the most advanced and efficient solutions in their software development solutions.
Expedited Product Delivery
These outsourcing companies have years of experience in delivering projects. With their years of experience and strategic planning, they accelerate product delivery, giving businesses a competitive edge in this fast-paced world of technology. They have a knack for assembling development teams across different time zones that act as catalysts for a continuous and streamlined workflow.
Usually, these companies have developers from around the globe that ensure round-the-clock development. Their project managers are experienced enough to get things done smartly and on time from working professionals. This expedited delivery is not only about speed but also efficiency. This expedited delivery helps the development team encounter challenges during development in a timely manner that helps the development team code a high-quality standard.
Risk Mitigation
Offshore software development gives a strategic reason for companies to adopt it by mitigating project-related risks. Actually, software development is dispersed across different geographic locations. Such a level of decentralization reduces the intensity of losses due to potential disruptions such as natural disasters, geopolitical uncertainties, or economic instability in specific regions.
In offshore software development, you don’t necessarily have to give out the whole project to a single company. You can distribute it to different entities. This distributed nature of offshore teams ensures the impact of unforeseen events is minimized.
Skeptical If To Hire Offshore Developers?
Wondering if you will be away and will not be able to monitor closely, so your project will not be done as you envision? Well, there is a whole team at the core that is taking care of the project. It is not just developers when you outsource a project to a company. There are project managers, designers, QA and testing specialists, a whole support team for maintenance, etc.
Yes, it becomes worrisome if you have handed over your project to a company that is delaying its delivery, giving you excuses, asking for a cost that was initially discussed, not updating you properly on your project, etc. That is why it is paramount to pick the right company to be assured of flawless and timely software development.
Top 20 IT Outsourcing Companies
Below are the 20 top IT outsourcing companies for software development.
- Intellectsoft
- Artelogic
- Saigon Technology
- Fireart Studio
- Aalpha
- ScienceSoft
- Aciety
- Tatvasoft
- Qubit Labs
- Xicom Technologies
- MindInventory
- PixelCrayons
- BairesDev
- ArrowHiTech
- Value Coders
- Clavax
- Tvisha
- Codiant
- Iflexion
- Azumo
You don’t necessarily have to hire one of them; these are what top the ranking charts in terms of ratings, reviews, and project deliverables. If you have to hire some other outsourcing partner, just validate the authenticity that it is a legit company that actually delivers and not just advertises its service.
Dig into the company portfolio and recent projects, read reviews online, and gauge the company from there. Dig into the company’s online profiles, and during the consultation section, inquire thoroughly about your project to be assured of the quintessential final product.
Cons of Offshore Software Development
Despite the extensive benefits of offshore software development, there are some drawbacks, or, you may say, cons. Let’s have a quick walkthrough of them.
- Communication Barriers: If you have hired an offshore software development company and it has a support team that is not proficient in the English language, it can become the cause of misunderstanding between you and the third-party vendor.
- Time Zone Differences: If you have dispersed your project across different time zones, this can result in delayed responses that can cause misunderstandings and deviations from the anticipated timeline.
- Disparities in Work Culture: Disparities in work practices, expectations, and professional norms among developers belonging to different regions may lead to misunderstandings and hinder effective collaboration.
- Quality Control and Quality Assurance: In offshore software development, it becomes hard for you to monitor due to the nature of this collaborative approach closely.
Conclusion
The benefits of offshoring are extensive and save you on a lot of aspects, be it cost, work, or management-related. Whether it is companies, businesses, or even software agencies opting to outsource software development, they get to enjoy benefits like tapping into top global talent at reduced rates, eradicating the need for micromanagement, no compliance and benefit-related concerns and fusses, accelerated time to market of product, easy team scaling up or down based on the workload, etc. The execution of offshore software development has to be strategic, well-planned, and nuanced, not just typical, like hiring a freelancer.
The key to successful offshore software development is the groundwork you do prior to outsourcing the software development project, and you get to accrue the true benefits of it if it is done right; otherwise, if you end up outsourcing to the wrong partner, chances are you will have to beg for your money back if they have not assured you of it.
