India is a top choice for offshore development service. Here are the key reasons why:
Access to unrivalled talent
India produces a staggering 2.6 million STEM graduates, growing and massively outpacing the US talent pipeline. Tapping into this vast pool gives access to the top niche developers to build elite teams.
Major cost advantages
Senior US and European developers average €60-190/hr. Top Indian talent costs just €38/hr despite comparable skills and expertise. The cost of living difference is a game changer.
Seamless cultural alignment
With the 2nd largest English-speaking population globally, India bridges language barriers for smooth collaboration. The abundance of English-speaking, elite talent makes India the premier destination for offshore development services today.
In renowned tech hubs like Bangalore, the best offshore partners source the top 1% of developers from India's rich talent ecosystem. Forget outdated stereotypes — highly skilled Indian engineers offer sophisticated capabilities and innovation at a fraction of Western costs.
Key considerations in choosing an offshore development partner in India
Choose partners in India that offer:
Scalability and flexibility: add engineers easily as needs change. Look for trusted partners enabling fast scaling.
Hands-off operations: top partners handle HR, hiring, and onboarding so you can focus elsewhere.
Strong leadership: look for experienced professionals overseeing transparent communication and regular updates.
Proven track record: case studies and testimonials validate the ability to deliver results.
Also, pick partners that are attuned to the latest industry trends and best practices. Offshore development done right is strategic — not just about cost savings
Vet partners thoroughly and ensure they source the top talent matching your needs. India has an abundance of skilled developers, but a partner's network and hiring practices make all the difference.
3 key trends defining India's offshore software development
India's thriving offshore software development services industry continues to magnetise companies worldwide. To stay competitive and gain international clients' trust, Indian offshore partners are embracing three key trends.
Let's take a closer look!
Specialised AI talent
With AI transforming virtually every industry, the demand for niche AI skills is skyrocketing. A recent study found that 53% of companies are hiring or planning to hire AI professionals.
Leading Indian companies are expanding their talent pools to tap into exciting innovations in AI, upcoming technologies, and cutting-edge programming languages. This creates opportunities for collaboration and innovation.
Fortified cybersecurity
Cybersecurity remains a top priority, as data breaches cost companies an average of $4.45 million worldwide.
As attacks make headlines, offshore companies are committing more than ever to protect sensitive data. Partners boasting official security certifications like ISO/IEC 27001 will stay ahead of competitors.
Smooth collaboration
Effective collaboration goes beyond communication to true synergy. Top partners integrate offshore developers into clients' processes and methodologies to improve outcomes.
This collaborative approach lays the foundation for long-term partnerships, with offshore teams becoming seamless extensions of clients' organisations.
Source : https://steemit.com/offshoringservice/@thescalers/offshore-development-services-india-s-role-in-global-software-solutions
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.
Why Outsource Product Development to India?With a 55% market share in the global IT outsourcing market, Indian companies are by far the most preferred Outsourced Product Development destination.India has the second-largest (2nd Only to the United States) English speakers in the worldOn average Indian IT resources cost around 60% less than their US counterpartsIndia has the largest talent pool with around 75% of Skilled Global IT resources.Global Product Engineering to India grew by 40% between 2015 to 2018Source: Outsourced product development company India
Mark and Tiffany Torr, a husband and wife team who owns Black Bull Accounting Firm headquartered in Carlsbad, California.
Tiffany was adamantly opposed to hiring Offshore Staff, but Mark persuaded her to at least hear about Entigrity.
Today they have an 8 person offshore team.https://www.entigrity.com/resources.blogs-and-insights/how-to-implement-subscription-based-pricing-for-accounting-firms-20210714192857
