Key Reasons to Choose Offshore Software Development Company

In 2030, the Global Offshore Software Development Market size is predicted to exceed $283 Billion, growing at an unbelievable GAGR of 10.13%. No wonder, in this vigorous growth, because businesses increasingly develop their software solutions. At the same time, they more and more go the way of the popular modern strategy of offshoring. One should keep piles of things in mind when creating a custom software product from scratch: tech details and peculiarities, budget restrictions and staff management, deadlines, etc.

However, as soon as the software development is offshored, things become easier. When duties are outsourced to specialists, there is no need anymore for a significant emphasis on how to operate an offshore software development team, how to run the project, and how to do the whole pile of things right on the part of business management and staff. Let’s deal with the very meaning of offshore software development.

What Does Offshore Software Development mean?

Gone are the times when businesses had to hire employees at their doorstep. The world has become much more connected now and talents can be found in a variety of places, over the seas as well. Offshore software development is a good instance to look at.

It is a process of software creation by using the services of the expert team in a remote location, in another country, and time zone.

Though cost reduction is often mentioned as the primary reason for development offshoring, access to experts and rare experts is often a reason even more important. Skilled specialists can greatly decrease the costs and time required to develop a software product.

The whole process consisting of multiple phases such as discovery, crafting, development, testing, and deployment is carried out by the vendor team located in a region with a time zone different from the customer company’s headquarters. Western Europe can offshore development to India, for example, while the USA can do it to the countries in Eastern Europe, like Poland or Ukraine.

Why Should You Choose an Offshore Software Development Company?

So, as we have mentioned above, hiring a development company offshore is a great opportunity for businesses to access vast talent and tech worldwide, and find specific expertise and first-class deliverables that are hard to spot on a local market. However, there are other reasons why offshore software development should be considered. Let’s check them in more detail.

Targeted Staff Skills

Everything moves fast in the tech field, AI, ML, Big Data, programming languages, etc. If software development isn't your core business, you are unable to keep pace with all these. By breaking the borders with offshore development you can access a broader talent pool.

When seeking devs offshore, you do it on a contract basis for a particular project. So, you focus on present project requirements and hire a specialized team with the skills and expertise needed for the current project regardless of the employees’ future responsibilities or careers. It streamlines recruitment and ensures that the budget is utilized efficiently. What is more specialists from abroad have diverse cultural backgrounds. They can bring fresh perspectives and ideas to your project, and permit you to stay updated with cutting-edge techs.

The latest techs

Most offshore development companies specialize in specific sectors or deal with tech stacks rare for in-house specialists’ qualifications. That is why you can always hire a certified professional (possibly even a whole team) with a unique hard skill set from a vendor’s company.

It will assist you in developing a leading-edge product competitive in the market without excessive expenses.

Faster concept implementation and product delivery

This is a reasonable consequence of the earlier statements. You save time on recruitment and the correspondent paperwork and get faster implementation of your idea by the offshore development company that takes care of the project completion.

High flexibility and scalability

Development may be tricky. You never know how many devs are required for this or that stage of the project. Adopting the model of offshore software development you can rest assured your team will be scaled up or down depending on the requirements of the project. Such a dynamic approach saves you from overpaying as well as from employee searches that are often time-consuming.

More than that, offshore outsourcing permits you to choose from a diversity of cooperation models. You can choose what is most efficient at the moment and go for a reliable team or staff augmentation, selecting a solution most appropriate for your current specific problem.

Lower risks in development and shared burdens

A trusted development partner can become your companion to share responsibilities on the project. Overseas vendors handle much of the time-consuming work of product development for their customers. They also deal with all the problems at every project stage. They are responsible for quality assurance and testing as the final stage of development before the product launch. Moreover, offshore professionals can provide valuable insights and alternative viewpoints, advise you on how to better assess risks, and work out mitigation methods.

Thus, on-time debugging of the written code provides the future product's smooth operation. It mitigates the risk rates and subsequent losses.

Accelerated development and faster market entry

Offshoring permits you to ramp up your software creation capacity. It results in expediting development. The optimal environment with sufficient human and technology resources, as well as technology support, permits your project to progress at a more rapid pace without hiccups. What is more your offshore partner, not you, is in charge of keeping to the project’s timelines and maintaining the standards of quality.

As a result, all this speeds up the development cycle and significantly decreases your product’s time to market. The acceleration nowadays is a valuable means to get a competitive edge in the fast-paced business landscape.

Why You Should Try Offshore Software Development with Stfalcon

Stfalcon with its 14+ years on the market has serviced nearshore and offshore customers all over the world. We created web and mobile solutions for European and American customers and cooperated with companies and startups from Saudi Arabia, Nigeria, and Singapore. We can by right boast the diversity of development experience through cooperation with customers from countries with completely different cultures and mindsets.

The Hump

A startup Hump from Saudi Arabia trusted Stfalcon to create a service solution for frequent fliers. The pivotal purpose of the solution is to save the traveler’s time by handling all the baggage-related procedures. The service takes care of luggage delivery to the airport, getting boarding passes and baggage tags, baggage storage, and back-to-home delivery.

The service takes care of luggage delivery to the airport, getting boarding passes and baggage tags, baggage storage, and back-to-home delivery. The customer valued Stfalcon’s good management, skilled communication, on time project delivery.

Velvot

Stfalcon developed a mobile app for the Nigerian market to enable consumers to gain knowledge on different topics through video content. It also permits the users to improve their qualifications and get certificates of completion right in the application. Later on, the consumers can obtain the desired job with these certificates printed.

Our team created a learning platform for a variety of subjects. It contains a backend part with the main business logic and native iOS and Android mobile application customers. The service is also easily monetized.

FAQs

What are the advantages and disadvantages of offshoring in software development?

We've mentioned the major perks of offshore development above. They are reasonable costs, access to global talent and high-end techs, flexibility and scalability of the project combined with faster implementation, and lower risks. However, the pitfalls of offshoring should also be mentioned. The most commonly cited are:

Differences In Time Zone and Culture

Offshoring is about large distances between the partnering companies. It is also about time zones’, often language and cultural differences. It may create certain tension and even misunderstandings during software development. However, skillful management can turn it all to an advantage. By distributing your team over several countries, you can achieve the effect of 24/7 development. By hiring offshore specialists from various countries, you can get fresh ideas and alternative viewpoints. Thus, you can get the best out of IT offshoring.

Management Risks

Successful outsourcing relies to a great extent on effective communication between the team members, a client, and a vendor. The mentioned above differences may complicate the process. Because face-to-face meetings aren't possible. Nevertheless, a properly agreed system of communication should be negotiated in advance to agree on the project needs, to report on milestones and progress, and to share the results of testing and other necessary documentation. It will assist you in avoiding possible management problems after the project starts.

Compromised Security

When you outsource, you trust your idea and valuable data to a third-party vendor in another country. The fear of data theft is natural in such cases. To avoid possible security problems, you should cross-check the development company you turn to. Check feedback from their customers, and do your best to provide secure project data transfer and storage.

Hand your data over only when you are sure it is safe.

What does offshoring software development mean?

Simply said, offshore software development is hiring IT experts from another country to make a software solution for you. Nowadays it is a widespread practice 'cause it offers a truly win-win scenario for both cooperating parties. The customer gets resources and tech without much hassle and excessive expenses. The vendors at the same time get flexible consistent work and the opportunity to participate in global high-end projects regardless of their location.

What does the offshore development process mean?

The process of offshore development begins long before you start seeking an IT company overseas to outsource your project.

Define your goals

First, you should determine your requirements and goals as a client. Define what kind of product you're going to create, which experts to hire, and what techs to utilize. Well-defined objectives are an essential aspect of your project’s success.

Select a partner you can trust

When looking for a trustworthy vendor you should pay attention to the portfolio, skill sets, and experience of the experts, relevant expertise, and capacity to carry out the projects like yours. The company you will partner with should understand your business and the target audience of the product-to-be. It will permit the development team to stay close to your business goals when creating a software solution.

Check the vendor’s profile and reviews on resources like Clutch. Review the testimonials from customers and verify the references. A workable approach is to learn about the potential devs on social networks. Instagram, Facebook, or Twitter will help you as well as professional social media, like LinkedIn.

Decide on the model of work

Offshore IT companies suggest several types of collaboration. The most widespread are time and material, fixed price, or reliable team. Each model has its advantages and disadvantages. We advise a reliable team for long-term projects. This method offers stability and control. Fixed price is suited for short-term cooperation with a clear-cut need. Time and material in turn offer flexibility for projects where the needs are vague.

Define the communication tools and rules

Agree on the system of communication in advance. It is the key to seamless collaboration. Regular check-ins with reports from the development team will help you head in the right direction on the project. Do not neglect giving feedback to the development team.

Slack, Jira, Zoom, Figma, Miro, and many more tools can serve different purposes. They help to effectively follow the project progress, check the milestones and reports, share documentation, and verify the results of the work done.

Become one team

The secret of successful offshoring is efficient teamwork between the customer's and the vendor's teams. When you sync to achieve a mutual goal, the result often exceeds expectations. It lets new groundbreaking products enter the market.

In Summary

Stfalcon has helped many companies all over the world to develop cutting-edge software solutions and grow with our development efforts. We do not just write code. We form reliable teams with variable technology stacks and craft digital experiences that resonate. Your vision deserves the expertise and innovation our team brings to every project. Empower your projects and let Stfalcon be your guide in creating a successful software venture!

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