As the offshoring industry continues to grow, one observation is worth noting. Out of the many services that SMEs outsource, IT jobs take the largest share. That’s why the global IT outsourcing market is expected to expand by a staggering estimated $98 billion by the year 2024.
What does this mean? Companies are looking for more efficient ways to develop software, thus increasing their competitiveness in specific industries.
But is that reason enough to get you jumping on the bandwagon? Well, maybe not. That’s why we have compiled a list of six reasons that offshore software development services offer. So keep reading to learn more.
1. Reduced your time to market
If you are trying to recover some lost time or maybe you want to be ahead of the competition, offshore software development services should be your go-to solution. Offshoring firms only recruit the best developers in the game, which makes it easier for them to hit milestones at a faster rate.
You can get your software to market faster with offshore development from leading firms like KMS and others that have what it takes to work even on the most detailed projects at boosted speeds.
2. Faster recruiting
Hiring experts for internal positions is a cumbersome process that can eat up a lot of time and other resources that you’d rather use to improve your business. Offshoring makes it easier to onboard developers to your existing team since you won’t have to sift through resumes, hold interviews, or even train new employees.
3. Minimal costs
Offshore software development is associated with great cost savings. Unlike working with local software developers who charge higher standard rates due to a higher cost of living, the developers in countries like India, for example, offer competitive rates, saving you a lot of money.
And don’t let the lower rates make you think that you’re getting a subpar product. These experts have what it takes, sometimes even more, to create the perfect product. The lower charges are attributed to a lower cost of living, which allows you to reduce the overall costs by up to a whopping 50%.
4. You can mind your business
Another major benefit of using offshore software development services is that it allows you to focus on your primary business functions. This is a great benefit, especially for businesses that are not IT-related such as those in the healthcare industry.
By allowing an experienced team of developers to work on your software solutions, you can focus on your core business and optimize your daily operations.
5. Targeted staff skills
When hiring an in-house team of professionals, you will have to pay attention to the employees’ future responsibilities or long-term career paths. Conversely, working with an outsourced team means that you can focus solely on the present.
Offshore software development firms make it possible for you to create a team of specialists who have the exact skills that matter to your project at that time. That way, you only hire what works for you at a particular time, thus making the most of your staffing budget.
6. Enjoy a great deal of flexibility
This is more like an extension of the previous point. In some cases, you may need to reduce or increase the size of your teams to match various the need of different project development stages. The relationship that you form with your offshoring firm is more like what you have with your ISP. You can switch to a higher package if that’s what you want at the moment, and downgrade if needed.
There you have it!
Six solid benefits of offshoring that make it worth considering. Of course, there are other benefits, and the decision of whether or not offshoring is suitable for you depends on the unique needs of your organization and your long-term goals.
In most cases, however, offshore software development is a great idea that works regardless of the industry that your business is in. The only thing that you have to do is pick a reputable offshore software development partner, for excellent results.