The need for mobile apps and software is increasing, creating an enormous demand for developers. According to the report by Statist, the global population of developers is expected to reach 28.7 million by 2024, showing a massive pool of offshore and onshore talent.
Today, most businesses are looking for cost-effective and flexible software development services to survive in this competitive market. However, businesses are in a dilemma between using offshore development services or hiring an in-house team of developers.
The answer is not so complicated, as offshore development services are quite popular these days and most businesses around the world prefer them.
Almost every sector is now adopting the services of offshore IT professionals to accomplish their business needs. According to the report by Business wire, software development outsourcing will grow to 70% by the year 2023.
Still not sure why you should hire an offshore development service?
Reading this blog will help you learn more about why you should hire offshore developers.
Why should you hire offshore developers?
There are not one but many reasons for hiring offshore software developers. From minimizing the cost to achieving flexibility in the development process, offshore developers can now help you achieve all your development objectives.
Continue to read and learn about the primary benefits of hiring offshore developers.
Most businesses are now taking advantage of cost-effective services provided by offshore developers. According to the report by Deloitte, 70% of enterprises choose offshore development services to reduce overall costs.
Leveraging offshore development services lowers the infrastructural and operational costs for your business. Moreover, it saves additional expenses such as office costs, salaries, insurance, training, hiring, and maintenance costs. You can utilise the saved money by hiring offshore developers for other critical work for your business.
Countries like India, Vietnam, the Philippines, Poland, and China, where the cost of living is low, offer cost-effective services.
Hiring a software development company in India or any other country with a lower cost of living can help you save a lot of money by providing top-class offshore services.
It is essential to have a flexible team for your business. It helps you adapt to unexpected demands by making responsive changes in the workplace.
When you work on a large project with an in-house team, scaling or hiring new members gets tough and time-consuming. Also, managing some other critical activities gets difficult.
But, a team of offshore developers is versatile and flexible enough to deal with external situations and technological changes. It allows you to focus on your tasks and duties without worrying about the projects.
3) Quick hiring process
Well! We all know that hiring a developer for an in-house team can take some time, sometimes months. It depends on the hiring process and the availability of the developer. So, it becomes difficult to start work on an immediate basis.
But, with offshore, you can hire or scale a team immediately at any point without delaying the process. Hiring an Offshore Software Development Company in India can provide you with fast access to development.
4) Worldwide talented developers
Offshore enables developers and businesses with the global platform to reach out to each other.
With offshore, you can dive into the ocean of talented developers with various skill sets, qualifications, and experience. Next, the vast market of offshore developers allows you to find the best suitable developer according to your business needs, budget, and expertise.
5) Faster Turnarounds
The process of hiring in-house developers can take up to 2-3 months, which can lead to delays in work. But, when you hire offshore, you don’t have to worry about delays.
Offshore developers quickly adopt new projects and technology and can start working in one or two weeks. Moreover, their professional skills help them manage deadlines and targets effectively.
Now you have some understanding of why one should hire an offshore developer. But do you know when you can hire offshore?
When to hire an offshore developer?
Businesses hire Offshore Software Development Company when they want to fulfill their needs and requirements. Continue reading and know when a company should hire offshore development services.
1) The tight budget
When you are running on a tight budget, it is better to hire an offshore development team and not hire in-house developers. Offshore allows you to save a lot of money on the hiring process of developers and other costs related to the developer.
By going offshore, you can get a standard app/software for your business by saving more than 50% of the total cost.
2) To achieve time-to-market
For businesses, losing time is equal to losing money, so it becomes critical for you to launch your app or software on time.
The offshore developers are versatile and project-oriented individuals who understand the vision and requirements regarding the app/software, which helps them create software faster and better for the businesses.
3) Requirement of core skill set
Hiring a full-time developer for a specific assignment where only core skills are needed can be expensive for your business. In such a scenario, you should consider hiring an offshore developer.
Today, the market for offshore developers is full of talented people having all the knowledge and understanding of different programming languages, frameworks, tools and more. They can help you fulfill your software needs and objectives.
4) Scaling business
To survive, scale, and get ahead of the competition, you must follow and implement several growth strategies such as cost reduction, implementation of cutting-edge technologies and many more.
In this case, hiring an offshore development team can help you with operational flexibility, streamlines business processes, allows you to enter international markets, and helps you to scale up efficiently.
5) To increase productivity
Focusing on the core activities is essential for any business to grow and generate revenue.
Offshore development services allow enterprises to focus more on their objectives while they take care of all the software-related activities. It provides businesses more time to plan, strategise, and develop their core products and services.
6) Effective use of cutting-edge technology
Software developers work with several cutting-edge technologies like tools, platforms, and devices, and not every developer possesses mastery in all of them.
In this case, in-house developers might face issues related to the technology because of the small team. That’s when hiring an offshore development service becomes beneficial.
Offshore services consist of a large team of developers with the skill set to use cutting-edge technology effectively. With that, they can fulfill all your application-related objectives.
7) Reduce liabilities
Hiring offshore reduces liabilities for your business, as developers understand the responsibility of the task and manage it without supervision. It helps you with positive results and growth.
On the other hand, the in-house developers can be liabilities for your business if you hire a candidate without any potential to work. It can lead to reduced productivity, causing conflict or disappointment and ultimately affecting your profitability.
8) To mitigate risk
Developing offshore is the best way to mitigate the risks as it gives your business opportunities to diversify business risks. It divides the key components and operations between the business and the development services.
9) Short-term resources
It is not ideal for businesses to hire an in-house developer to achieve short-term projects and business goals as it can be costly and time-consuming. Instead of that, hiring offshore is more logical. Offshore services are more cost-effective, flexible, and less time-consuming.
10) Unable to increase employee salary.
Sometimes a business comes to a stage when hiring a new employee or increasing the salary of existing employees becomes difficult. That’s when you can take advantage of offshore development services.
Businesses have the option of choosing a developer at any place around the world. Offshore gives you access to hire the right candidate/team at a low cost.
Offshore development services are quite popular today, and hiring an offshore development team can solve many problems for your business.
There are not one but multiple reasons why you should hire offshore development services. From lowering the cost of development to a fast time to market for your software, offshore development stands out compared to in-house development.
Moreover, outsourcing helps businesses to scale, improve productivity, mitigate risk, and reduce liability. Also, worldwide access to talented developers and cutting-edge technology makes offshore development a preferred choice for businesses.