What are the Benefits of Offshore Software Development
In an age where businesses are globalized, opting for offshore software development is not complicated anymore. Moreover, the pandemic of COVID-19 has further boosted the practice of remote working which can be coined as the synonym of offshore development.
The post-pandemic world has become more progressive and hence the market has become more competitive. So to stay ahead of the curve and gain an advantage over the competition, companies have to opt for practices that offer a multitude of benefits. Leveraging these benefits can boost the growth of their businesses.
Therefore, in this article, we are going to talk about the benefits of offshore software development.
Top 7 advantages of offshore development
Access to a Larger Talent Pool
The most important benefit of offshore software development is the ability to tap into the global pool of talented developers. An in-house recruitment might limit your options but hiring offshore teams would open your doors to the most skilled professionals in the industry.
The increased demand for software development has resulted in the scarcity of certain technical skills. However, hiring offshore software developers can resolve this issue. It also enables you to form a team of experts that matches the unique requirements of your project. This can guarantee better outcomes and the overall success of the project.
Helps focus on core business
Let's say a financial institution wants to develop an IT solution. They have to hire teams including UI/UX designers, developers, QA analysts, project managers, and more. They also need to set up the infrastructure for the IT system. All of these can be very time-consuming. The more time you give to this, the less you will be working on your core business.
However, this problem can be solved if they delegate the software development project to an offshore company. The software vendor will take care of everything for you like hiring the teams and setting up the infrastructure, picking the right tools and technologies, and more.
So that you can focus on your core business operations. Otherwise, your business performance will be affected badly while you try to set up an in-house team and infrastructure.
Saves a lot of money
One of the most lucrative benefits of hiring offshore developers is that you can save a lot of money from it. Your development, administration, operational, and overhead costs will be reduced drastically.
The development costs in the US, Europe, Canada, and other Western countries are very high in comparison to the costs in countries like India and Ukraine. The offshore developers over there usually charge around $25 to $50 per hour, which is 50-70% less than what developers charge in countries like the USA.
A question might arise here, are these developers talented? The answer will be YES. They don't charge less because they aren’t skilled. It's just because they have lower living expenses. The geography and the GDP of the country matter in such cases. But one thing is true: you can hire skilled offshore software developers in India and Ukraine at affordable rates.
Reduced time-to-market
How can someone complete product development faster when they are working and communicating with you from a remote location?
It was a common misconception that when people are working from remote locations, their work tends to get delayed and they miss the deadlines. On the contrary, when working with offshore developers they tend to deliver quickly in comparison to the in-house teams.
You will have hired a talented and extremely experienced team for your offshore development project. They know what they are doing and they are quick at grasping the problem of their clients and coming up with a suitable solution. You will have your product developed and deployed in no time.
Hence off-shore software development reduces the product’s time to market.
Increased Flexibility And Scalability
The requirements of every organization vary from time to time. Changing needs can cause hindrances to development as well as increase project costs. But when you are working with offshore developers, you don't have to worry about it.
Depending on the varied requirements, you can easily scale up or down your offshore team. You don't need to fire or hire employees or other personnel for that. And there won't be substantial costs or losses while responding to changing market conditions.
The software created as a part of your IT solution will be also flexible and scalable. New and necessary features, functionalities, and components can be easily added. Additionally, the existing capabilities can be extended or reduced based on the changing requirements.
Improved customer satisfaction
Offshore developers are highly skilled and have accumulated experience working in a variety of industries. So they are adept at delivering high-quality consumer and business-grade software applications.
Their abundant experience and knowledge of the field help them quickly identify what the end user would want. So they design and develop the software with a user-centric approach. Therefore, when the customer uses the software application, they get to enjoy an enhanced user experience.
Round-the-clock support services
There will be a reasonable difference between your timezone and your offshore team’s timezone. But this works to your advantage as some of their working hours overlap with yours whereas other hours will be outside your working hours.
This allows them to handle the issues quickly if any arise outside your working hours. This also allows them to provide round-the-clock support services. So, when you come to the office the next morning you will already have the report of the previous day’s work and what work needs to be done today. This enhances productivity.
Final words
Offshore development is considered one of the best industry practices and after the pandemic of covid 19, this practice became widely used around the world. Managing offshore operations has now become easy and efficient. To make it successful, you need to have clarity of goals, a well-prepared strategy, and of course a reliable offshore development partner.