Offshore Software Development: A Comprehensive Guide for CTOs
The software industry is fiercely crowded,
set to surpass a million companies in the coming decade.
Western Europe and American cities are home to many of these businesses, leading to intense competition, rising costs, and a talent shortage. To gain an advantage in this challenging and expensive market, Western companies are increasingly embracing offshore software development services.
But how can you effectively utilise dedicated offshore teams for your business?
In this post, we’ll delve into offshore software development, its benefits, and practical insights for integrating it into your development processes.
Offshore software development: the basics
Offshore software development entails hiring a dedicated engineering team and setting up centre in a different country.
For example, industry leaders such as Google, Microsoft, and Apple have established their research and development (R&D) centres in Bangalore, known as the Silicon Valley of Asia.
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By tapping into the vast talent pool and leveraging the ability to scale rapidly, these companies can enhance their output and elevate their technical expertise without enduring substantial stress, inconvenience, or expenses.
Outsourcing vs Offshoring
Outsourcing is suitable for short-term projects without ongoing iterations, offering cost advantages and risks. Developers are not dedicated to your project and may juggle multiple clients.
Offshoring allows you to hire developers who align with your business exclusively. An offshore partner handles recruitment, providing you with suitable candidates for your final hiring decision. Offshoring grants access to talent not available locally, overcoming intense competition for top engineering talent dominated by major tech giants.
Who can benefit from offshore software development?
Service-based companies with non-technical core businesses are the ones who often turn to offshore software development to bridge the technology gap.
By hiring competent developers at a fraction of the cost, these companies can maintain and build their technology, implement new ideas, and scale up to handle significant contracts.
Offshoring offers a cost-effective solution, ensuring access to readily available talent and enabling business growth in the ever-changing digital landscape.