Top Reasons to Choose an Indian Offshore Development Partner During the Ukraine Conflict
Ukraine conflict maximized remote work opportunities. Along with that, it also expanded the idea of outsourcing services to get the most benefits. Today, several countries like India, China, and the Philippines have become offshore development partners for important IT services. 64% of outsourced services are related to software application development.
As many businesses are concentrated in Western Europe and North American cities, the cost of doing business is always increasing and competition is fierce. Offshore development services inevitably emerged as a solution for Western companies looking for customized solutions.
Today, India tops several lists of the best companies offering remote software development services. But apart from that, there are many other factors that contribute to Indian offshoring services. Organizations can certainly ride the wave of digital transformation and achieve technical breakthroughs with the support of Indian experts. Before moving on to the details of why global brands are preferring Indian talent to offshore development, let me share some of the interesting statistics:
- According to Capital Advisor, by 2025, the global IT outsourcing market will be worth $397.6 billion.
- 57% of outsourced companies work to increase productivity according to what they become.
- Also, as What to Become says, more than 14 million jobs are outsourced in the United States.
- Fortunately, it states that 78% of companies worldwide have a positive opinion of their outsourcing partners.
What are offshore development services?
Our simple definition of an offshore development center is that it is an integrated, extended, and dedicated office that is located in another country. It is specifically a branch or subsidiary of an existing company in another country. The main reason behind Offshore Development center is that companies can get the same skill set and high-quality work at a much lower rate which directly contributes to increasing profits. Bangalore, in Asia’s Silicon Valley, has become a technology hub for finding and recruiting the best engineers for software development. Several IT giants like Google, Apple, Microsoft, and SAP are already establishing their R&D centers in Bangalore!
Why do global brands prefer Indian talent for Offshore Outsourcing?
Today, India has managed to surpass all other countries like China, the Philippines, Ireland, etc., and emerge as the main offshoring port. Moving into software development services is a big decision and requires full understanding, but the benefits are immense. Let us share some of the top reasons why companies choose Indian Talent around the world.
The main reason for outsourcing (70%) is cost reduction. On average, a decent developer will cost around $60-150 an hour and employers also need to look for employee-centric benefits like health insurance and travel. If a company chooses a recruitment agency, it will need to pay an extra amount.The cost of living in India is, on average, 64.60% lower than in the United StatesThe cost of living in India is very small compared to the west. Even in tech-focused cities like Bangalore, the average developer salary is significantly lower when compared to other countries in the world. There is a big difference in value when considering the cost of rent, travel, bonuses, as well as health insurance.
India, the second-most populous country in the world, has a large pool of young, technically well-trained professionals. According to C Sharp Corner, By 2023, India will become the world’s largest software developer hub. In fact, India will add approximately 110 million resources to its workforce in the coming decades.
India will overtake the number of US software developers in 2023. As India places significant emphasis on English education and IT services, Indian developers are much better able to fill the talent shortage. A company can have the benefit of a 5x talent pool and can choose from the pool with quality offshoring.
Easy availability and abundance of dedicated resources enable India to act better and faster when it comes to delivering a large and complex solution on time. These features work on advanced solutions using the latest technologies. We would say India leads the offshoring and outsourcing bandwagon as it keeps up to date with the latest trends and practices technologies.
Reliability and high-quality standards:
High quality is another thing that is guaranteed in Offshoring India. According to NASCOM, In the next five years, 40% of India’s workforce is expected to expand their skills to meet advanced requirements. India is among the countries that have the highest number of ISO-9000 certified companies and therefore quality is never compromised. Consequently, offshoring services in India bring a number of benefits, where the quality of work is the top priority.
Recently, the National Outsourcing Association (NOA), at its Annual Offshore Outsourcing Conference, revealed the reason why international companies are choosing India as their preferred destination. Cutting costs was only part of why companies were considering offshore outsourcing. There were both time-to-market and quality benefits, leading to a saying that companies initially chose India for cost savings, but stayed for speed and quality!
We consider good communication the basis of any project. It is the key to starting, maintaining, and developing a positive relationship with any company. We would also add that communication guarantees the expected results and the problems solved. India is one of the largest English-speaking countries in the world. So language is not a barrier when it comes to communication.
Indian developers are fluent in communication and this encourages big companies to Offshore IT Services in India. Employees are widely available on Skype, Hangouts, and Teams for face-to-face conversation at the convenience of the company. According to a survey, approximately 350 million people speak English in India. Consequently, a company’s offshoring journey in India can be comfortable. Indian resources pride themselves on their reliable communication which aids in good connectivity with the rest of the world and hence there are no connection hurdles.
Using the time zone difference:
Time differences between India and other countries can provide abundant opportunities for work to be completed ahead of schedule, leading to better efficiency, higher productivity, and more time to work on other crucial responsibilities. So, in our opinion, India can easily cater 24/7 to many countries. Offshoring to India gives companies the option to enter the market quickly due to time zone differences. The time zone difference makes India a great choice for companies looking to outsource various service-related options such as 24/7 customer support and helpdesk services as well as software development services.
Why Semaphore Offshore Software?
In this technology-driven world, Semaphore Software offshore development has managed to fulfill the demanding situations while managing the tasks efficiently. Email, audio-video conferencing, chat support, project management tools, etc. contributed to smoother collaboration between employees and companies. Also, some of the biggest companies like Cognizant, Accenture, IBM, TCS, Dell, Infosys, and Wipro have offshore development centers in India.
We definitely think that working with the right offshore development agency can be very beneficial for your business like Semaphore offshore Software Development. Typically, income goes up and expenses go down, so there will be a direct increase in your profits by getting in touch with us.