Offshore software development has risen as a trend, quickly expanding its potential because of amplified globalization. This blog gives you a deep insight into offshore software development in India.
Introduction
Offshore software development has risen as a trend, quickly expanding its potential because of amplified globalization. The market for software outsourcing has grown at a quick pace.
As per the current software outsourcing stats, the offshore software development industry is projected to reach $81.5 billion by the year 2023, having a compound annual growth of 3.51%! Outsourcing software development to India has become very popular due to lower costs and higher quality software development services.
India has become an ideal destination for outsourcing software development for many years. It has become a sizeable offshore software development center that can deal with web app development, mobile app development, and software application development.
Outsourcing Software Development to India – Some Statistics
Let’s go through some numbers which will prove why setting up offshore development centers in India is beneficial:
- According to the latest study, 59% of all the businesses surveyed were outsourcing their needs to India, whereas other 22% were considering outsourcing their requirements to India!
- 1.5 million engineers pass out from different engineering institutes every year in India!
- In India, more than 200,000 IT graduates get recruited as IT workforce every year to make it the youngest employable population in the world!
- India has a population of more than 2 billion English speakers!
- Over 4 million IT professionals are working in Indian IT companies, with more than 10 million hired indirectly!
Why Can Outsourcing Software Development Requirements to India Be a Win-Win Situation?
The Indian IT industry will reach a revenue of $350 billion by the year 2025! Also, India is constantly leading in terms of software developers base having the world’s quickest-growing workforce of software developers.
The statistics show why India is the market leader in software development outsourcing. So, let’s analyze why outsourcing software development to India is your best decision in 2023!
Massive Talent Pool
India has the world’s giant skill pool to attract businesses from different countries. Each year, about 0.5 million software graduates are hired by Indian IT companies, and 98% of the young and expert developers are 18-35 years old.
It has large numbers of very talented and skilled programmers; therefore, all the software development requirements become easy to handle with such a larger talent pool. These young IT professionals have many significant advantages:
- The ability to quickly adapt to the new technologies
- At any cost, they meet the deadlines
- Offer so many specializations
These advantages help the IT industry to fulfill the requirements of an extensive range of businesses. India is focused on developing different skill sets like AI, ML, Big Data, Cloud, IoT, and Mobility due to its massive force of software engineers.
Proficiency in the English Language
You won’t face any communication or language problems in India as it is among the world’s biggest English-speaking countries. India is the world’s 2nd-biggest English-speaking country, after the US, and it gives you a complete idea about the language proficiency in the country.
Indians are fluent in English, encouraging outsourcers to choose India as the outsourcing partner. According to the EF English Proficiency Index, India is in 2nd place in English proficiency worldwide!
This level of control and application of the foreign language in the country is fantastic, and that’s why India is known as the one-stop-shop solution for global outsourcing requirements, especially software development.
Low-Cost Advantage
The massive cost savings organizations can get why India is the top outsourcing service provider. It is mainly because of the significant difference in employee costs between India and other developed countries.
For instance, in the US, a skilled developer charges anywhere between $50-$80 per hour, whereas the hourly charge of a developer in India is as low as $15 per hour!
This pricing flexibility gives businesses the inspiration and freedom they need to manage budgets while also getting huge profits.
This saving also helps enterprises outsource software development to India to gain competitive advantages with economies of scale.
Improved ROI is directly related to lower costs. Instead of hiring in-house developers or individual freelancers from other countries, hiring Indian software developers is a much better option.
They offer flexibility and substantially decreased capital expenditure on maintenance and infrastructure.
Time-Zone Benefit
While making software development outsourcing, you get the benefits of working in different time zones. Working at various locations around the world 24×7 increases productivity.
Working across different time zones means that customer service might be delivered 24x7x365!
Even regarding geographical factors, India has a good advantage over countries that want to outsource different software development projects. The time difference is to India:
Country Timing Difference
Eastern Europe 3.30 Hours Behind
USA 9.30 Hours Behind
Singapore 2.30 Hours Ahead
Australia 4.30 Hours Ahead
Because of the difference in time zone, Indian companies can provide quick turnaround and round-the-clock support for all project development needs.
Time is crucial, and it can be a competitive benefit for businesses that work 24×7 and need conference calls and sync-ups.
It’s beneficial for companies looking for the in-house and offshore workforce to collaborate when time is vital.
High-Quality Work
Companies might be concerned about the lower cost of development; however, the final product quality keeps them and it makes India a worldwide leader in outsourcing.
As per recent stats, India has exceeded China as among the most appealing investment destinations in the IT sector, with an outsourcing share of 55%!
Despite cut-throat competition in India and outside, India’s best offshore development companies constantly deliver high-quality software services.
So, if you want the best quality at the best prices, you can contact an offshore software development company in India like GTCSYS.
Points to Check While Hiring an Offshore Development Company in India
The top-notch offshore development services it provides and the reliable work it has provided previously are the two important reasons why India is an approved and most famous software outsourcing destination worldwide.
It would help if you continuously evaluated what to select for software development outsourcing before you hire a service provider company. These are some points that any business needs to consider before outsourcing:
- Allot time-consuming tasks, which make your business incompetent because of a lack of knowledge.
- Using your in-house team to plan strategies for the new business is a good idea.
- Only outsource things at which you are good.
- Shield developed apps and IP addresses. After double-checking business KPIs with service offers you should outsource.
- Please select a service provider depending on the portfolio rather than the prices they are ready to provide.
Conclusion
In India, all organization, including start-ups to larger enterprises, has a robust proneness for outsourcing. You may have a clear idea of why businesses outsource to India.
Clearly, to maximize the corporate earnings and strengthen the elementary business foundation through leveraging skilled personnel and cutting-edge technologies.
Therefore, you need to empower your business with the assistance of the best offshore development companies in India that have dominated the international tech market with top-notch global skills and software development services.
For the best offshore development services, contact GTCSYS now!
