3 Ways Nearshore Beats Offshore Software Development Every Time
Nearshore, onshore or offshore software development: what’s the best?
The global outsourcing market earned $76.9 billion in revenue, and is expected to grow at a rate of 6.7% from 2015-2025. IT companies, in particular, have demonstrated their interest in outsourcing web and mobile application developers from abroad, along with other tasks. The outsourcing budget for technology companies increased 10.6% in 2016, and they spent $84.5 billion onapplication outsourcing alone in 2015.
Not only can technology companies save money through software outsourcing, but they also benefit in other, discernible means. In order to maximize the potential of outsourcing, it is important to understand the different options available. Which one offers the services and benefits that most effectively fulfill company goals?
These are the available options for outsourcing:
- Offshore – refers to sourcing devs and other resource needs from a region far away from the place of origin. US companies often outsource to India and Eastern Union in the offshore software development model.
- Nearshore – services and labor are sent out to a geographical region near to the origin. Still, it’s not within the same borders. In the US case, it would mean outsourcing to Latin American countries.
- Onshore – describes the strategy of assigning roles and services to a company located within the same geographic borders.