Companies must do due diligence to find the best companies to outsource their software development projects. Computer programmers and web developers are in high demand and will continue to be as technology evolves. Since it can be accomplished virtually, there are some international companies with impeccable skill to carry out the task.
The software development industry will continue to be in-demand and many organizations need the expertise of programmers and developers. Tech education is becoming a more common area of study, as it opens better income opportunities for graduates globally.
What is Software Development Outsourcing?
Software outsourcing involves a company hiring a third-party to complete any software development needs. The market size for outsourcing software development has grown to the tens of billions, according to a recent report from Statista last year.
Top Locations for Offshore Software Development
There are multiple countries where organizations have sought the expertise of software developers. The eastern hemisphere of the globe has dominated the software development outsource market. Offshore development centers continue to grow in many of the top countries for development.
China is experiencing the fastest growth among other countries and for several critical reasons. Tech is a common form of higher education in China, resulting in millions of STEM graduate yearly according to Forbes. There is a sufficient portion of the population that can speak English, which has also attracted the American market to save on costs.
India is a major competitor in the outsource market with the most software professionals globally. They also attract many English-speaking clients as this country ranks 2nd in a foreign population knowing the English language.
With the rapid growth of artificial intelligence (AI), Vietnam is a top contender in the market. Major corporations such as IBM, Microsoft, and Intel have invested in this country’s software development professionals.
Japan ranks among the top countries with the most STEM graduates also.
The growth in software development is on the rise in Hungary as they are considered among the best places to outsource. The costs could be cut in half compared to the average pay of developers in the United States.
Canada is becoming a western hemisphere competitor in the market with roughly 1 in 5 graduates having a STEM degree. Being so close, it opens the market for US clients.
An astonishing 92% of Filipinos speak the English language, making them the country with highest ratio to do so. Many of their graduates are trained in Java and API development.
Thanks to the aid of Taiwanese government, the education has broadened by their investment in STEM programs in the country. They aim to be the Silicon Valley of the Eastern hemisphere.
Many developers in the Ukraine specialize in skills involving AI, blockchain tech, and cryptocurrency projects, and more. A large portion of the IT population are knowledgeable to C++ programming.
Poland has gained a reputation for being the best at Java assessments. They can transfer data with ease based on their many global affiliations.
Why is Outsourcing Software Development Important?
Outsourcing software continues to grow because companies can get expertise for better costs. A team can be built from specialists in different segments of development. Language barriers will not be as much of a problem because many programmers around the world know multiple languages, with English being a common second language. Developers all over the world use different communication channels to make remote work run smoothly.
Factors that are Considered When Outsourcing
Companies seek out the best professionals internationally and analyze the aspects of working with them to determine convenience. Time zones, specific skills, known languages, and pricing vary between hotspot locations for software development professionals.
Takeaways of Offshore Software Development
Outsourcing software development projects has benefits that further exceed having an in-house team of people completing those tasks. Many different countries have growing numbers of graduates and many have secondary languages to communicate with others globally. The Eastern hemisphere has some of the best software development professionals operating at more cost-effective rates, cutting overhead for organizations at considerable amounts.
Projects can be completed much faster with offshore software developers as well. The software development outsourcing industry has been valued at over 65 billion with more room for rapid growth.