High software development cost is that elephant in the room that no one is ready to talk about. We all are blinded by the need and viability of custom software to increase productivity and scalability. However, product owners are not ready to comprehend that such software development can cost as much as $90,000 to $1,50,000 per project.
Is this an amount that everyone can afford? Certainly not.
Does that mean businesses must drop the idea of having need-optimized software? Of course not. Then, how is it possible?
Well, try outsourcing software development assistance. It’s a growing practice that is empowering businesses enough to enjoy software development at a reduced cost. In 2020, the global IT outsourcing industry was valued at $92.5 billion, which was an all-time high for this industry.
For every IT outsourcing interested business, India is the first choice. A recent report by Tholons even granted second place in the Top 50 Digital nations list. If you’re interested in IT and software development outsourcing and wondering why India should be your choice, read this post.
India – A Growing Digital Nation
India is no longer a country of incompetent software developers. In fact, it’s a country of coders, software developers, cybersecurity experts, and IT professionals who are empowering the entire world with their skills.
Over the past 25 years, this nation has worked tremendously to strengthen its IT front. The country is producing IT talent more than any other country. Have a look at a few data that prove India’s excellence on the IT outsourcing front.
- In the past few years, nearly 80% of European and US businesses have picked India as an IT outsourcing
- A study by NASSCOM revealed that businesses that are outsourcing IT talent from India are saving up to 60% on operational costs.
- The Indian IT industry is growing at a rate of 25-30% per year.
- As per OurStockPick, India held 56% of the global IT outsourcing market in 2018.
The above-mentioned data made one thing clear: India is leading the global IT outsourcing industry and is in no mood to slow down. But why?
What makes world banking upon India?
Well, we have valid reasons that explain this trend.
Talent is present in abundance
India is a populous nation, and it’s a good thing in many senses. Here, you don’t have any talent crunch to deal with. It has an army to master degree holder developers that are ready to deliver their services. It was figured out that nearly 3.1 million graduates join the workforce every year.
You enjoy the help of young talent if you outsource software development services from India. Most Indian developers are 18-35 years of age. This is a productive age and will deliver quality service. All in all, you will have the productive talent to hire with India.
Diversity in unity
You experience diversity in cuisine, culture, and languages, as well as in IT talent. You will be able to hire developers skilled in multiple programming languages like Python, Ruby, Java, PHP, and many more whether you need an iOS developer or an Android developer.
You will have no hassles in finding the right kind of talent. In fact, India is huge for full-stack developers that will take care of both front and back-end development with utmost care and accuracy.
English is a global language, and Indian developers are well-versed in this language. The only good thing about the British colonization of India was the introduction of English as a medium of education.
In the majority of schools, colleges, and universities, English is the only learning medium. This is not the case with many Russian, Chinese, Korean, and European developers. Only a few developers are skilled in English. This makes Indian developers gain an edge over others. They are easy to work with for nations like the US, UK, Australia, and Canada.
Despite offering so many benefits, Indian IT talent isn’t pocket-pinching. When compared with nations like the UK, the US, and Canada, Indian developers are affordable. The per-hour development expenses range between $20-$50, which is way less than what one has to spend with UK and US developers.
Even if we talk about monthly expenses, Indian developers are not too pocket-heavy. The average expenses with Indian developers are 664.53 USD per month, while it is 8742.25 USD per month if you hire a US developer. The cost difference is significant.
Improved IT infrastructure and cutting–edge technology
Despite being a developing nation, India managed to achieve excellence and perfection when it comes to IT infrastructure and the latest technology. The developers are seasoned in working with world-class technology with full ease and perfection.
With highly-equipped tech cities like Bangalore, Delhi, Gurgaon, Mumbai, Pune, Chennai, and many more, India is capable of handling global IT requirements. These cities are packed with world-class telecom services, widespread cell networks, fiber-optic networks, submarine cables, and quality ISP providers that are required for IT service delivery.
Perfect Time Zone
Time zone-wise, India is situated at an advantageous location. It’s 9 hours 30 minutes ahead of the USA, 3 hours and 30 minutes ahead of Europe, and 4 hours and 30 minutes ahead of the UK. This time zone creates around-the-clock working conditions for Indian software developers, which further leads to higher turnaround times. Businesses that need immediate product development prefer India because of this ideal time zone as it’s easy to arrange a meeting and operational sync.
Businesses promising 24*7 service delivery prefer Indian developers while the in-house or native developers are resting. Having an offshore developer team in India is always a better thing for global organizations.
Play Extra Safe
While the above-mentioned points made one thing clear, India is an ideal destination when you need to hire quality IT talent at a reduced cost. But, not every IT company is worth your time and effort. You have to play safe and remain alert while picking your outsourcing talent. Here is what you must keep in mind during the hunt.
Pay attention to the skills offered – IT skills are of various kinds and types. Before you outsource IT talent, you need to make sure that the company you’re planning to take on board is offering a wide range of IT skills, especially the one you’re looking for. See the market presence- Do a little bit of research on what kind of market presence the company owns. Check the reviews, search the internet, and look for past customer experiences. Even if every business requirement is different, looking for reviews helps one to understand the quality of service delivery.
The Final Say
Over the past years, India has overcome the hurdles and emerged as a potential IT outsourcing hub. Effectively, it’s filling the global IT talent gap and empowering businesses of all sorts. Its IT talent is diverse, highly skilled, committed, and cost-effective.
What else might one seek? So, if you also want to get rid of the burden of hiring and maintaining an in-house team of developers, try India for IT outsourcing services.