What is offshore software development?
Software is no longer a niche business.
With more than a million software outsourcing companies expected to service the ever-growing demand for digitization across the world by 2027, the need for a faster, leaner, and more economical solution to better respond to market trends has never been stronger.
This has also come at a time where there are better tools to gather customer data, driving better business decisions. Multiple systems, like points of sale, contact and call centers, and customer relationship management technologies allow organizations a vast amount of data, which can then be organized and studied to tell a clearer picture of what is going on. Coupled with artificial intelligence and machine learning tools, this data can be further integrated into decision-making.
The time-to-market has dramatically accelerated.
To keep up with this increased pace, one approach is through offshore software development. This means transferring a range of tasks-like software maintenance and support, mobile app development, coding, and web app development, among others-to a qualified and capable overseas software development company. These tasks are often time-intensive; transferring such processes can help make a company increase its efficiency and competitiveness.
There are other benefits to this approach.
For one thing, it is guaranteed that there will be lower costs for your business. Managing an in-house software development team can be costly, taking away precious resources from the business because of needed investments in tech infrastructure. By offsetting that through offshoring, you can focus on the things that are at the core of your organization’s success, as well as other business activities that expand business growth, like sales and marketing.
Another benefit is access to a large pool of talent. Globally sourcing talented software engineers and developers are progressively popular and easier: the rise of remote work technologies and tools has enabled companies to find talent outside of their borders. No country has any monopoly on talent; with ever-increasing investments in education and the rise of companies focusing on specific skills-based training, the barrier to find global talent has never been lower.
An additional advantage is that it is easy to scale when you partner with an offshore firm. Being responsive to market trends means being flexible when demand for your services is either high or low; supplying capital to recruit and train developers can be costly and might not be suitable if projects have limited timelines. Through using offshore development, employing skilled developers depending on your project requirements does not come with the added cost of retaining them once the project is complete.
Offshore Software Development Trends 2022
Like the wider software industry, offshore software development has been evolving to fit the varied business needs of its customers across the globe. There are multiple trends worth looking into, to understand where offshoring is headed for this year and beyond.
Cybersecurity is at the forefront.
The COVID-19 pandemic has disrupted every industry, especially software. The increased digital activity around the world presents malicious actors with the opportunity to attack the IT networks of different business sectors, especially finance and healthcare, which bore the brunt of cyberattacks last 2020. Given the growing offshore industry, strategies related to security are implemented to aid companies in protecting their data source.
Blockchain technology.
The use of blockchain to efficiently create a highly secure way for payments and money to be transferred is seen to grow over the next few years. With competition in the software space set to increase, the need to improve business efficiency-especially with international payments-is significant, as it allows companies to respond to market dynamics faster.
Gaps in software skills are being filled.
Since the software industry is projected to maintain its upward trajectory for the foreseeable future, so does the need for software developers. But finding talented ones is difficult. To meet this rising demand, coding boot camps, data camps, and coding schools have proliferated to teach more people software skills, at increasingly lower costs. This could mean that the next rockstar software developer working for your company will likely be working in a different country.
Collaborative tools.
Before collaborative tools were developed to the level that they are now, offshoring is difficult and usually limited to select industries that do not rely much on intensive communication. But enhanced advancements in communications technology have improved these tools to the point of creating favorable environments for remote work. It is now far hassle-free to manage teams across countries and time zones, and the path for a company to become a truly global enterprise is no longer as challenging as in the past.
Emerging countries.
To drive business growth, companies have increasingly turned to partner with global firms in other countries. Some of these locations have improved their profile in software development, especially Vietnam, which in recent years has grown its economy faster than its regional counterparts. With a young, educated workforce, a healthy IT education system, strong foreign investment in IT, and increasing investments in IT infrastructure, Vietnam is poised to grow its ability to compete with other countries in providing the best offshore software solutions for SaaS development and software development services.
Conclusion
Planning the move to allocate software development activities to an offshore company-like any other business decision-is always tricky. But the right combination of clear business goals, reasonable allotment of resources, and choosing the right offshore partner will set your enterprise for further growth, and help the company respond to market demands faster, and better.
We are a well-established Agile software outsourcing company in Vietnam with a mature software development process and proven track records of repeated customers all over the world, mainly in Europe, Australia, Singapore, North America.
We provide quality and professional application development, web development, mobile application development and offshore software outsourcing services to customers located around the globe.
Our customer base extends to Australia, Singapore, Canada, USA and France, besides Vietnam and includes highly renowned members of their respective industries, such as DMI Inc., Standard Chartered Bank, RSM Singapore, Stone Forest, Payroll Serve, Abbott, Kaercher to name a few.
Thanks & Kind Regards,
Thanh (Bruce) Pham
CEO
Saigon Technology Solutions
https://saigontechnology.com
Email: thanh.pham@saigontechnology.com
A Member of Forbes Technology Council
Mobile: (+84) 913 666 227
Skype: tienthanh.pham (Thanh Bruce Pham).
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