Around the world, businesses are always looking for methods to boost output while cutting costs. There aren't many items that can meet this requirement, though. What if we told you there was a method to achieve the aforementioned goal when it came to software development?
To say that the internet and software explosion has changed the business landscape is an understatement. We'll expose you to the most successful and economical method of software development in this blog. Keep reading to find out if outsourcing software development projects are right for your company and what the benefits and drawbacks are. The practice of building digital solutions where the parent firm outsources all or partial development-related work to a third-party company based out of a separate nation is known as offshore development. It has fundamentally altered how firms approach software development and project execution. The way firms viewed software development and carried out projects has practically altered as a result. A large number of Software companies' offshore development is widely used for their development of software applications and websites.
You may save a significant amount of effort, and money on hiring, managing, and keeping a software development team by outsourcing a variety of software development jobs to an offshore software development facility. You should consider getting in touch with an offshore software development company in three perfect situations.
If you want to save back on software development costs.
If you want to increase the exposure of your company on a worldwide scale.
If your development projects conflict with the available local resources.
Cost-cutting is the key reason firms choose this strategy. Due to differences in labor costs and resource availability among nations, some can provide high-quality development solutions at much-reduced prices.
India, Hungary, the United States, China, the Philippines, and Bangladesh are among the most popular offshore software development countries. FeatherIT is one of Bangladesh's largest offshore software development firms. FeatherIT began its adventure in October 2016 in Dhaka, Bangladesh. Feather IT is now delivering various ICT services in Bangladesh in response to the demands of the Digital Era. We are attempting to work with various SAAS platforms where we already have some international clients.
Once you employ an offshore development company, the internal and offshore development teams initially come in touch with one another. Their staff provides answers, a roadmap, and strategies after fully comprehending your project's needs.
The offshore development team keeps you informed about the status of the project by utilizing agile methodology and project management tools for communication. When the project is finished, they give you the source code (which you control) and, if necessary, teach your in-house teams.
The following are the key advantages of developing an offshore development center:
- Cost Efficiency
- Improved Productivity
- No Infrastructure Cost
- Accessibility to a Wide Talent Pool
- Enhanced Flexibility
Utilizing offshore development services offers disadvantages, including:
- Lack of Better Communication
- Cultural Gap
- Security Concerns
IT companies all around the world are continually looking for ways to hire qualified personnel for affordable pricing. And the answer to that very need is offshore software development. Statista estimates that the size of the worldwide market for outsourced services has increased from 45.6 billion US dollars in 2000 to 92.5 billion US dollars in 2019. 2020 is likely to be a significant year for offshore development because of the Covid-19 epidemic.