What Is Offshore Software Development & Why It’s Important for Your Business?
No matter what business you’re in, offshore software development is one of the best options when you want to go digital. From software maintenance, mobile app development, to website design, you are not only freeing yourself from growing and managing your in-house IT team but also ensuring the best project quality and time that can be delivered. Join us and let’s discover how your business can benefit by hiring offshore software development companies.
What is Offshore Software Development?
Offshore software development means transferring a project such as a fully or partially mobile app development of your company to a third-party software development service. However, if you intend to outsource the entire workflow, you should definitely hire a software development company, not a freelancer. Even though a freelancer may be an expert in one related field or more, you need at least a team of experienced designers, QA engineers, and software developers for a project like mobile app development.
Nowadays, offshore software development is quite popular and the worldwide IT outsourcing market is expected to obtain $425.19 billion in revenue from 2021 to 2026. Research showed that IT outsourcing services market profit reached $413.72 billion in 2021. According to this, the main reason why most corporations choose offshore software development is cost reduction, operational effectiveness, and consistency.
5 Benefits of Offshore Software Development
Still wondering if it’s right to hire an offshore development service or start your own in-house team? Considering these 5 benefits that offshore software development can offer:
1. Lower Cost
Yes, it’s often challenging and costly to maintain an in-house IT team for most companies, especially when you or your teammates don’t have a lot of experience when working together. So, by hiring an offshore software development company like Newwave Solutions, you don’t have to invest in IT infrastructure or spend time hiring, and training new employees anymore. Instead, you can focus those resources on a more important issue.
2. Access to a Vast Pool of Talent
With offshore software development, you can have the ability to access a vast pool of talented and experienced software engineers with higher international standards and quality. Even better, since the offshore development service has experience working with international clients and projects, they can understand the challenges involved and come up with a solution for pretty much every issue you might encounter in the future.
3. Faster Time-to-market
With a dedicated software development team, you can be sure to have your project delivered on time. Not only can you get it done faster, but you can also ensure your software or application reaches the market on schedule or even sooner. Plus, an outsourcing team can offer insights and new methods to improve your business processes, letting you leverage innovation and creativity at each stage of the software lifecycle.
4. More Time to Focus on Core Business Activities
Hiring an offshore software development company allows you to focus more on your core business strategy. So, instead of worrying about managing the entire software development process, which is quite complex and time-consuming. This means you can focus on core practices without the additional stress of running and managing a new software development department.
5. Undeniable Business Growth
Offshore software development gives businesses of all sizes access to skilled labor forces, reduced cost, and time required to develop software in-house. Not to mention the afterward benefits when your app is released. All of this will help your company work towards sustained business growth.
Best Practices for Successful Offshore Software Development
If you’re going to offshore some of your software development projects, then here are some best practices to help you reach your goals easier:
1. Get Introduced to All Offshore Developers
When offshoring your project, it’s best to get introduced to the entire team, not just the team leader. A strong partnership with your offshore developers is the key to a successful outcome. Also, this will give you and the offshore team a chance to improve better communication and understanding of your vision.
2. Small But Highly-Skilled Teams
When it comes to offshore development team size, the smaller the better! In fact, a small IT team of very highly skilled offshore developers like in Newwave Solutions will be more effective than a larger team of average developers. Also, if your offshore team starts growing in size, split it into multiple ones and choose team leads for each to get the required accountability, visibility, clarity, and focus on the development process.
3. Communicate Frequently
In order to get the most out of the offshore development service, it is best if the project manager can communicate with all offshore developers, not just the offshore team lead. The recommended frequency is at least once a week. Such direct communication with your team of offshore developers helps in identifying issues and coming up with a suitable solution easier and much faster. Additionally, you should also look for ways to build a relationship with the offshore team through social, customer visits, or collaborative activities.
4. Daily Meetings for Status Updates using Video Conferencing
As mentioned above, frequent communication and collaboration are critical for meeting your project goals. So, instead of reading and checking reports daily, try to arrange small daily status meetings through video conferencing. This ensures that every issue is addressed in a timely and efficient manner.
5. Be Clear on Expectations
When partnering with any third party, having a mismatch in expectations is common. What is considered good or acceptable by you, might not work for your offshore software development partner, especially when it comes to quality, security, and user experience. The best way is to be detailed in every step and clear on the expectations. Share values instead of documents in order to ensure your expectations are always well understood.
Latest Trends in Offshore Software Development
Starting a business digital transformation has never been easy. This is a complex process that includes a series of tasks and usually requires your company to embrace the latest trends in order to remain competitive. So, here are some new trends in offshore software development in 2022:
- Cloud computing. Cloud computing plays a crucial role in offering scalability and flexibility. So, companies that realize the potential and benefits of cloud computing will ensure a higher quality service for their clients.
- Blockchain. The most popular use is improving security. Offshore software developers will be able to build much more secure software using Blockchain.
- Automation. One of the best methods to reduce the dependence on human effort, driving down the costs and risks. Software development services can innovate and respond faster to changing business needs to gain major advantages with this technology.
Even though offshore software development might seem a bit complicated, it is a decent financial and business decision for all companies. Carefully define your project, choose the right offshore development partner, and make use of best practices to keep work transparent, communication easy, and the project coordinated.
In recent years, Vietnam has become an emerging IT offshore market for companies all over the world due to cost advantages, an increasing number of IT experts, and professional software companies. With over 300+ employees, deep IT expertise, and a brand office in Japan, Newwave Solutions has been recognized as one of the top leading offshore software development companies in Vietnam and the winner of many awards on Clutch and Goodfirm. At Newwave Solutions, we make offshoring easier for every client!
Let’s work together! Our team is ecstatic to hear from you. Contact us now to talk more about what you have in mind!