How to Leverage Benefits of Offshore Software Development in 2022
Whether you want to build enterprise software or a robust solution for simplifying the complexities, offshore software development is always useful. No matter what you need, a feature-rich app, a user-friendly website, or a future-ready chatbot, you need to think of a plethora of factors including resources, time, and budget. But, when you hire dedicated offshore developers from a reputed software development company, all these objectives are served.
But here it is imperative to know all ins and outs of offshore software development . It can enable you to make a well-informed decision and leverage the benefits of offshore software solutions. In this article, we will discuss some of the essentials of offshore software development you should consider in 2022. It will help you get the right partner for software development and collaborate with dedicated developers successfully to get robust IT solutions.
Before moving to the key benefits of offshore software development, let’s understand the concept. Most entrepreneurs know this concept, but for those who have no idea, offshore software development is almost similar term as outsourcing software development. But, here the only difference is- offshore software development is about working with a company located in a foreign country.
Offshore Software Development- Brief Introduction
Offshore software development can be deployed in various ways as entrepreneurs can either outsource an entire project or just a few tasks of the project to offshore software developers. Let’s take the example of iPhones to understand this concept. Though the credit for the invention of the iPhone goes to Steve Jobs and his software development team, the mass production of iPhones is done all over the world.
Their networking chips of iPhones come from the US-based Qualcomm that has dozens of locations across the world. The assembly of iPhones is built in Taiwan, as Foxconn and Pegatron make the component assembly. But altogether, iPhones are still considered American products. In a way, iPhone manufacturing is a classic example of offshore software development or outsourcing.
Top Business Benefits of Offshore Software Development
Offshore software development services are designed to offer multiple benefits to modern enterprises. Here we make a list of a few of them-
- Reduced Costs
This is one of the biggest and most important business benefits of outsourcing. Entrepreneurs collaborate with a reputed offshore software development company to save big. As per the estimate of Deloitte, 70% of the companies hire experts to reduce their production costs. Countries like India, the Phillippines, and Vietnam have an abundance of talented professionals that can meet specific business requirements cheaper than the same done by the local workforce.
- High Scalability
On-demand team expansion is another major advantage of outsourcing. You can hire dedicated developers to accomplish your projects within the given deadline. Software development companies offer you the facility to scale up or down teams. Also, custom software development companies provide talented developers for specific tasks based on current objectives. In a way, high scalability and flexibility are available.
- Talent Pool
Whether it is AI (Artificial Intelligence) or ML (Machine Learning), you can get specialists of any technology with ease while outsourcing your project. Offshore software development companies have many talented professionals in various domains and modern programming languages. As a result, companies can easily get access to the talented pool without spending a small fortune.
- Faster TTM
With offshoring, there is no need to train employees as you directly hire dedicated developers. In a way, you can save operational expenses and onboarding costs. But, the major benefit is you can save time and get a faster TTM (Time to Market) for various products. Offshore software development services enable you to come up with the necessary software in a shorter time and you can get the advantage of early entry into the market.
- Competitive Edge
Reduced TTM and access to advanced tools and technologies can provide a competitive edge to various companies irrespective of industry sectors. Offshore software solutions are highly customized and contain technological advancements that keep companies ahead of the curve and assist them to get the benefits of automation.
How to Get the Benefits of Offshore Software Development
Offshore software development offers many benefits to enterprises, but it has some challenges including cultural gaps, timezone differences, extensive management requirements, and privacy-related issues. Therefore, it is necessary to make a complete roadmap before assigning your project to a software development company. Most companies have NDA (Non-Disclosure Agreement) facility in place, which ensures data privacy and security of the project.
If we think of steps for outsourcing the project, the first step is always to define all the objectives for assigning the project. The next step is research in which you need to do identify market trends and shortlist the top offshore software developers. You can evaluate the track record and see the portfolios of shortlisted development companies before selecting the right one. All you need to ensure that the software development company suits your organization.
Most leading offshore software development companies facilitate their clients to take interviews of developers before hiring. With this, it is necessary to check the communication system in the development company you want to select for outsourcing. Work culture, real-time communication, and experience matter the most while selecting the right software development partner for your project.
Offshore software solutions are not only cost-effective but also capable of addressing the challenges of modern businesses. These days, the COVID-19 pandemic has changed the way we work drastically. As organizations strive to maintain productivity with limited resources while following social distancing norms, offshore software development can lend a helping hand. As a result, we witness the rise in the demand for software development companies. You can hire dedicated offshore software developers to make the most of offshoring.