Thus far, we’ve covered the basics and the advantages offshore software development offers to companies like yours.
In the following section, we’ll discuss the best regions for offshoring engineering teams, and the leading countries within each including India and Colombia.
Asia
India is the global leader in IT offshoring.
Tech hubs like Bangalore support this claim: 90,000 engineers graduate from Bangalore’s universities yearly, and the city is home to over one million software developers.
Given the lower cost of living compared to Western countries, setting up offshore software development in India can be a cost-effective option for your business.
Another Asian country you should consider when offshoring developers is The Philippines. This tropical archipelago ranks as 2nd most English-fluent Asian region and the 22nd in the world.
However, the country is experiencing a tech talent shortage affecting the overall quality of engineers in the Asia-Pacific region. You’d typically pay less to build an engineering team in the Philippines than in India, but you’d also hire less qualified developers.
The average offshore software development rate in these locations is €28/h.
Eastern Europe
Offshoring to Eastern Europe is an attractive business opportunity for US and Western European companies.
In particular, for organisations that require constant, real-time collaboration with their offshore developers. The minimal time zone difference is a plus for better cooperation and reduced communication gaps.
Countries like Poland and Ukraine are your go-to if you’re looking for developers with solid technical proficiency for short-duration projects.
Engineers in these regions charge €32/h on average.
Latin America
Latin America is becoming an increasingly popular destination for offshoring development.
Countries like Colombia, Mexico, and Argentina are investing in infrastructure and technology to attract international companies to invest in the region.
Medellin, Mexico City and Buenos Aires are evolving into modern tech hubs with a talent pool of expert developers who share a strong cultural affinity with Western organisations.
The downside of hiring Latin American offshore developers is some regions’ low English language proficiency. This situation causes difficulties in gathering feedback and understanding project expectations.
On average, you can expect to pay €37/h for developers in Latin American countries.
Source of the content : Offshore software development: the definitive guide for CTOs - by The Scalers