With the rapid evolution in technology, businesses are almost suffering to keep up with the constant advances. While being agile and leveraging these advances can scale up your business and increase profits, staying on top of the ever-expanding market can be quite a task.
So, what must an organization who’s already sunk in their day-to-day operations do? We have curated the perfect remedy for you. For businesses who are willing to climb the ladder of success, hiring an offshore development team can be a complete game-changer for them.
What is an offshore development team you may ask? It essentially involves a course of action made by a business to enlist the help of third-party organizations or contractors to do the product-related work that could have been done in-house.
Check out this complete guide to hire offshore developers.
The Growing Trend of Offshore Development
“The global IT services outsourcing market size was valued at USD 520.74 billion in 2019 and the compound annual growth rate is projected to grow by 7.7% from 2020 to 2027″. Now that you know what an offshore development team is, you may be wondering why to work with an offshore team anyway?
The big idea has to do with lower costs and reduced risks. Any development firm is likely to offer a few different offshore development services and models to help product owners when it comes to arranging long term work with a dedicated software development team.
When the two parties can align expectations and the proper talent, harmony happens.
In fact, with the ongoing trend and excellence provided by the companies, setting up an offshore development center seem like a viable solution. But, are they equally good across the globe? Of course not! India has evolved as the epitome of software outsourcing hubs in the world. Simply because of its hugely talented and specialized labor pool, price-quality ratio, and strong corporate standards.
Keep reading to learn more about the top offshore software development companies that are dominating the market and will continue to do so beyond 2020!
Top 15 Offshore Software Development Companies
1. Your Team In India
Your Team In India was established 11 years ago with a vision to be a quality one-stop development company. Globally known for its top-notch software solution, YTII outshines at helping businesses of all sizes to hire developers, across a wide range of technologies.
The company embraces a well-established set of cultural and professional values in cooperation with its development center in India. They have a proven record of success by delivering 1000+ projects. YTII adheres to high standards of security through NDA. Moreover, the company offers highly experienced and adept developers along with multiple pricing options carrying-out quality with cost.
2. Daxx
A Netherlands-based company known for helping tech businesses across the world allows you to find and hire experienced software developers for long-term cooperation. With 300+ clients, they combine cross-domain knowledge and tech expertise to deliver projects.
3. BairesDev
They take pride in hiring the best specialists in America. BairesDev now houses about 1,300 tech specialists forming an excellent offshore development team in 11 offices. In recent years, the company has been actively expanding its geography with its headquarters in San Francisco, US.
4. ValueLabs
ValueLabs is a technology company focused on data technology, product development, and related digital services. A traditional company founded in 1997 has multiple offices across the globe with 4000+ employees fulfilling its laudable offshore software solutions.
5. Confianz
Confianz noted for delivering fully integrated offshore software services to meet the needs of individual start-ups, small, and medium-sized businesses. They have worked towards building end-to-end integrated solutions to promote business growth.
To review more companies, check out the original post here.
You can increase your chances to succeed by reducing your expenses.Profit is the ultimate goal, regardless of the amount you invest in your business.To stay in the forefront of the changing world, businesses need to keep up with technology.Offshoring is a great way to save money and get ahead.Research and planning are essential in deciding whether to launch a new venture.
This will enable you to create the most efficient business structure.What Businesses Can Do to Reduce CostsTo ensure that every business runs efficiently and offers top-quality products and services, it is essential to make intelligent spending decisions.The profit margin is the difference between your revenues and expenses.
It is the difference between what you make and what your company makes.
This is the key determinant of a company’s competitive advantage.It is important to grow revenue at a rate of at least 15% each year.To maintain a competitive edge in the market, you must continuously seek improvement and make changes to your processes and spending.
You can cut costs if you don't have the funds to finance the needed advancements.There are many strategies you can use to reduce your company's costs.Priority-based Cost Cutting Strategies for Cost-CuttingEmployees are laid offOperational SavingsManagement a frenetic work capitalLower Supplier TermsReducing discretionary spendPrice adjustmentsProduct PortfolioReduction in the Management LayerAcquisitions Of Businesses And AssetsInvestments made in the area of Product DevelopmentCompensation adjustments for employeesSales Incentive Programs are changingOutsource/OffshoreNear-Shore/In-SourceMarketing efforts boostedMost information above shows companies making changes internally to reduce costs.
An exception is offshoring, which requires external help.What benefits does an outsourcing partner bring?Outsourcing is cost-effectiveOutsourcing your business, or the hiring of employees, can have many benefits.
A lot of famous companies like Google outsource, but only some of them succeed in doing so.The advantages of outsourcing software development are huge.
According to statistics, the gross market of software development outsourcing hit $64B in 2018.Here you will find out more on the following topics:1 The state of outsourcing development in 2019 - What's outsourcing?
Who outsources and why?2 The risks and rewards of software development outsourcing links for further reading3 Software development outsourcing models a comparison table4 Top 5 destinations for outsourcing software development5 How to start with software development outsourcing
As the most preferred Outsourced Product Development Company in India CG VAK has successfully developed and deployed software products across various industries including Healthcare, Education, Retail, Manufacturing, Ecommerce, Logistics, and Banking & Financial.At CG VAK we always leverage the latest and proven technologies to drive software solutions for our clients to ensure our customers always maintain pace with constantly changing technologies.With 23+ years of experience in the IT Industry and a Team of 220+ highly skilled IT professionals, CG VAK can take care of all your software product development cycle from ideation to Development and Software testing.Source: Software Development Outsourcing Company in India
