One of the fastest-growing trends in the IT industry has been outsourcing and for good reasons. Among the top reasons is the ability to focus on core business and reduce costs. When it comes to outsourcing offshore development, companies generally have three main options: onshoring, nearshoring, and offshoring.
The last of the options offers more irresistible advantages than its counterparts, which is why it’s more common.
What’s Offshoring in Software Development?
Offshore software development, refers to transferring the handling and execution of a project to a third-party software developer in a foreign region. Opting for offshore software development services from a renowned provider like KMS helps you avoid the higher costs in your area while ensuring that you are tapping into top talent.
Why Opt For Offshoring?
Wondering why you should even consider working with an offshore software development provider? Consider the following reasons:
1. You’ll Save Lots of Money
For any business, the chance to save chunks of cash without compromising quality is a welcome idea. Going offshore on your development projects makes it easier for you to save your operational and overhead costs by a great margin.
Take, for example, the difference between wage rates in the U.S. and other countries. Offshore developers will typically charge about $25-$45 per hour which is about 50-70% less expensive compared to the hourly rates that developers charge in the U.S.
But does that mean that offshore developers may be less talented than their U.S. counterparts? Absolutely, No! In truth, most of these overseas developers offer superior results (no harm intended) – it’s just the truth. They only charge lower because they live in countries where the cost of living is lower.
2. Offshore Development Improves Product Quality
The companies that provide offshore software development services don’t just hire their developers anyhow. They have a rigorous selection process, ensuring that only the best players in the field come on board. What does that mean for your business? Quality, superior quality, and attention to detail.
These developers know they’ve got to deliver the best results to keep customers coming. Therefore, they’ll outperform themselves and deliver higher standards than you’d expect.
3. Larger Talent Pool to Choose From
When you have variety, it’s more likely you will get exactly what you are looking for. By hiring an offshore software development firm, you are tapping into a large pool of skilled developers who may not be easy to find within your local market.
If, for example, you want specialists in a particular field, your best bet would be to engage a firm that has connections with tens or hundreds of such experts. You can even give instructions for the qualifications or achievements that these developers should have to be fit for your project.
4. Accelerated Product Delivery
For software vendors, this is a benefit that has great value tied to it. When you work with offshore developers, you will be able to expedite the development process and enter the market faster. There are a couple of reasons behind this. The first is you are working without time zone limits, and the second is you have a virtually limitless capacity.
When you partner with the right firm, you can even cut the time to market by half and increase your competitive edge.
5. Lesser Focus On Recruiting and More on Your Core Business
Hiring for internal positions consumes a lot of effort and resources. It slows down development by as much as six months in some cases, considering that you have to approve the job description, create a budget, post the job, evaluate resumes, interview candidates, then onboard and train the successful candidates.
Offshoring firms “delete” all these processes for you and provide a fully assembled team in just days. As long as seek out the best providers in the industry, you’ll be looking at no more than two weeks of waiting. While you wait, you can concentrate on your business and improve other areas that will make you the best choice in your field.
Offshore development is not just a trend – it’s a cheat code. Even though your competitors already know about this trick by now, you still can get ahead of them by finding the best provider in the market.By working with KMS, you not only enjoy faster recruiting speeds and project deliveries, but also continued support, so that you can solve any issues that arise with speed. That way, you won’t risk losing business!