{"id":810,"date":"2021-08-18T05:55:17","date_gmt":"2021-08-18T05:55:17","guid":{"rendered":"https:\/\/www.webential.com\/blog\/?p=810"},"modified":"2021-09-02T08:46:04","modified_gmt":"2021-09-02T08:46:04","slug":"top-offshore-development-facts-you-should-know","status":"publish","type":"post","link":"https:\/\/www.webential.com\/blog\/top-offshore-development-facts-you-should-know\/","title":{"rendered":"Top Offshore Development Facts You Should Know"},"content":{"rendered":"\n<p>Today, the tech world is full of competition. Every enterprise wants to perform better and earn high profits while maintaining excellent relationships with its clients. To win the race of this tough competition, enterprises are always looking for new trends and strategies that would benefit them the most. Magnified digital proliferation has highly promoted an era of outsourcing. <a href=\"https:\/\/www.webential.com\/offshore-development-center-odc\">Offshore Development Centers<\/a> or ODC\u2019s have rapidly gained popularity enabling enterprises to hire top talent all across the globe. Today various countries like India, China, and the Philippines have become hubs for outsourcing major IT services.<br><br>Let\u2019s hop onto some of the interesting Offshore Development Statistics:<br><br><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Around <a href=\"https:\/\/capitalcounselor.com\/outsourcing-statistics\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">300,000 jobs<\/a> are outsourced by the US annually<\/li><li><a href=\"https:\/\/www.ibm.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">IBM<\/a> is the l<a href=\"https:\/\/capitalcounselor.com\/outsourcing-statistics\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">argest outsourcing company<\/a> in the world with a revenue of $76.5 billion.<\/li><li><a href=\"https:\/\/www2.deloitte.com\/us\/en.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Deloitte<\/a> is the second largest outsourcing company in the world with a revenue of $47.6 billion.<\/li><li><a href=\"https:\/\/www.accenture.com\/in-en\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Accenture<\/a> is in the third position for the largest outsourcing company in the world with a revenue of $44.7 billion.<\/li><li>By the end of 2021, the overall value of outsourced IT services will <a href=\"https:\/\/capitalcounselor.com\/outsourcing-statistics\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">surpass $413.72 billion.<\/a><\/li><li><a href=\"https:\/\/capitalcounselor.com\/outsourcing-statistics\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">58.8% of US marketers <\/a>saw no covid-related changes in the outsourcing marketing activities.<\/li><li>By 2025, the global IT <a href=\"https:\/\/capitalcounselor.com\/outsourcing-statistics\/#:~:text=23.,the%20first%20time%20in%202021.&amp;text=Companies%20that%20have%20between,ready%20for%20the%20said%20investment.\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">outsourcing market will be worth $397.6 billion<\/a>.<\/li><\/ul>\n\n\n\n<p>Offshore Development stats aren\u2019t enough to describe tons of benefits it renders. But if you are aiming for long-term advantages and higher profits, you must conduct proper research and plan a strategy accordingly. One wrong decision can upturn the entire vision of the future of your company. So before getting started, check out these 10 important Offshore Development Facts:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>India offers the most affordable Outsourcing Services<\/strong><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>The foremost and the top reason for outsourcing <a href=\"https:\/\/capitalcounselor.com\/outsourcing-statistics\/#:~:text=23.,the%20first%20time%20in%202021.&amp;text=Companies%20that%20have%20between,ready%20for%20the%20said%20investment.\" rel=\"nofollow noopener\" target=\"_blank\">(70%) is cost reduction<\/a><\/em><\/strong><\/p><\/blockquote>\n\n\n\n<p>On average, a decent <a href=\"https:\/\/thescalers.com\/guide-offshore-development-services-india\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">developer will cost around $60-150 per hour<\/a> and the employers also need to look for employee-centric benefits like health insurance and travel. Let\u2019s compare the average cost of developers\u2019 salaries all across the globe.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"912\" height=\"482\" src=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Average-Software-Developer-Salaries-All-Around-The-World.jpg\" alt=\"Average Software Developer Salaries All Around The World\" class=\"wp-image-811\" srcset=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Average-Software-Developer-Salaries-All-Around-The-World.jpg 912w, https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Average-Software-Developer-Salaries-All-Around-The-World-300x159.jpg 300w, https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Average-Software-Developer-Salaries-All-Around-The-World-768x406.jpg 768w\" sizes=\"auto, (max-width: 912px) 100vw, 912px\" \/><figcaption><a href=\"https:\/\/miro.medium.com\/max\/1400\/1*O674g2_LFxsNmvhVc9S7Cw.jpeg\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Source<\/a><\/figcaption><\/figure>\n\n\n\n<p>The average developer salary in India is even less than in the <a href=\"https:\/\/www.payscale.com\/research\/PH\/Job=Software_Developer\/Salary\/0b6d9ed0\/Manila\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Philippines i.e. $ 8,138.32.<\/a> Hence, India stands in the foremost position for building an Offshore Development Center as it is the most-affordable country. Offshore Development Centers in India alone have helped enterprises to save an estimated $200 Billion. Also,<\/p>\n\n\n\n<p><strong><em>The cost of living in India is, on average, <\/em><\/strong><a href=\"https:\/\/www.numbeo.com\/cost-of-living\/country_result.jsp?country=India\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong><em>64.60% lower than in the United States<\/em><\/strong><\/a><\/p>\n\n\n\n<p>The cost of living in India is very little as compared to the west. Even in tech-focused cities like Bangalore, the average developer salary is significantly lower when compared to other countries of the world. There is a huge difference in the amount while considering the cost of rent, travel, bonuses, as well as, health insurance.<br><br>You may also like: <a href=\"https:\/\/www.webential.com\/blog\/why-set-up-an-offshore-development-center-in-india\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Why does it make more sense to set up an Offshore Development Center in India?<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>China and India have the Biggest Talent Pool<\/strong><\/h2>\n\n\n\n<p>According to a study from the Institution of engineering and technology, there has been an increasing shortage of US engineers. But, there has been profound availability of STEM graduates and talented engineers in other countries of the world. China has the biggest talent pool in the world and India is only second to it. Good news? India gives more importance to the English Language as compared to China and hence language is never a barrier.<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"827\" src=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Stem-Skills-Globally-1-1024x827.jpg\" alt=\"Stem Skills Globally\" class=\"wp-image-822\" srcset=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Stem-Skills-Globally-1-1024x827.jpg 1024w, https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Stem-Skills-Globally-1-300x242.jpg 300w, https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Stem-Skills-Globally-1-768x620.jpg 768w, https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Stem-Skills-Globally-1.jpg 1194w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption><a href=\"https:\/\/miro.medium.com\/max\/1120\/1*S5ec_t2tBrmjBwW-Vkcn7w.jpeg\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Source<\/a><\/figcaption><\/figure>\n\n\n\n<p>According to <a href=\"https:\/\/www.c-sharpcorner.com\/article\/how-many-software-developers-are-there-in-the-world\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">C SharpCorner<\/a>,&nbsp;<strong><em>\u201cIndia will become the largest software developers hub in the world by 2023 \u201d<\/em><\/strong><br><br>Most of the Indian developers are well equipped with the required KSAs and can help companies achieve their business objectives. In fact, India will add approximately 110 million resources to its workforce in the next couple of decades. <a href=\"https:\/\/goremotely.net\/blog\/how-many-software-engineers-are-there\/#:~:text=India%20will%20overtake%20the%20US&#039;s%20number%20of%20software%20developers%20by%202023.&amp;text=Back%20in%202017%2C%20India%20had,will%20skyrocket%20to%205.2%20million.\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong><em>India will overtake<\/em><\/strong><\/a><strong><em> the US\u2019s number of software developers by 2023.<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>China has the highest Growth Rate and major tech enterprises are outsourcing to India and China<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"748\" height=\"482\" src=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/There-are-over-1-million-developers-in-Eastern-Europe.-42-are-based-in-Poland-and-Ukraine.jpg\" alt=\"There are over 1 million developers in Eastern Europe. 42% are based in Poland and Ukraine\" class=\"wp-image-816\" srcset=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/There-are-over-1-million-developers-in-Eastern-Europe.-42-are-based-in-Poland-and-Ukraine.jpg 748w, https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/There-are-over-1-million-developers-in-Eastern-Europe.-42-are-based-in-Poland-and-Ukraine-300x193.jpg 300w\" sizes=\"auto, (max-width: 748px) 100vw, 748px\" \/><figcaption><a href=\"https:\/\/www.designrush.com\/trends\/best-offshore-software-development-countries\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Source<\/a><\/figcaption><\/figure>\n\n\n\n<p>Since the last decade, China has experienced a drastic increase in revenue from merely $1.38 billion to <a href=\"https:\/\/igniteoutsourcing.com\/it-outsourcing\/top-it-outsourcing-destinations\/#China\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$106.46 billion<\/a>. Similarly, the technology service industry of India had increased from $4 billion to <a href=\"https:\/\/www.mckinsey.com\/business-functions\/mckinsey-digital\/our-insights\/strengthening-indias-offshoring-industry\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$58 billion.<\/a> Ukraine has also become a leader in the Eastern European countries to render&nbsp; IT Offshoring Services. Ukraine\u2019s Offshore Development Centers are valued at <a href=\"https:\/\/medium.com\/startup-grind\/ukraine-the-next-startup-nation-d81e0b7cffcc\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$5 billion.<\/a><br><br>\u201cAround 50% of Fortune 500 choose India as their preferred offshore outsourcing location, especially for software and web development.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1007\" height=\"482\" src=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Chinas-Outsourcing-market-grows-by-30-each-year.-Chinas-top-software-projects-include-data-structures-Python-Shell-functional-programming.jpg\" alt=\"China's Outsourcing market grows by 30% each year. China's top software projects include data structures, Python, Shell &amp; functional programming\" class=\"wp-image-817\" srcset=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Chinas-Outsourcing-market-grows-by-30-each-year.-Chinas-top-software-projects-include-data-structures-Python-Shell-functional-programming.jpg 1007w, https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Chinas-Outsourcing-market-grows-by-30-each-year.-Chinas-top-software-projects-include-data-structures-Python-Shell-functional-programming-300x144.jpg 300w, https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Chinas-Outsourcing-market-grows-by-30-each-year.-Chinas-top-software-projects-include-data-structures-Python-Shell-functional-programming-768x368.jpg 768w\" sizes=\"auto, (max-width: 1007px) 100vw, 1007px\" \/><figcaption><a href=\"https:\/\/www.designrush.com\/trends\/best-offshore-software-development-countries\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Source<\/a><\/figcaption><\/figure>\n\n\n\n<p>China is the top outsourcing hub for large enterprises like Apple and Google while manufacturing around <a href=\"https:\/\/www.uplers.com\/blog\/top-10-facts-about-offshore-development-centers-across-the-world\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">5,00,000 iPhones<\/a> every single day. India is home to some of the largest tech enterprises in the world such as IBM, Microsoft, Dell, Oracle, etc. <a href=\"https:\/\/www.meity.gov.in\/content\/fact-sheet-it-bpm-industry\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">1500+ foreign enterprises<\/a> are outsourcing to India and out of them, around 1000 are large enterprises.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Poland and The Philippines also render top Outsourcing Services<\/strong><\/h2>\n\n\n\n<p>According to the reports, Poland is the 4th best country to outsource software development services after India, China, and Ukraine. The Philippines is the 5th best country in the order. The developers in Poland are highly skilled and have achieved proficiency in learning language databases as well as security.<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"748\" height=\"482\" src=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Poland-is-the-top-country-to-outsource-JAVA-development-projects..jpg\" alt=\"\" class=\"wp-image-818\" srcset=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Poland-is-the-top-country-to-outsource-JAVA-development-projects..jpg 748w, https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Poland-is-the-top-country-to-outsource-JAVA-development-projects.-300x193.jpg 300w\" sizes=\"auto, (max-width: 748px) 100vw, 748px\" \/><figcaption><a href=\"https:\/\/www.designrush.com\/trends\/best-offshore-software-development-countries\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Source<\/a><\/figcaption><\/figure>\n\n\n\n<p>The Philippines has been in the top 5 list and various companies build offshore development centres in the Philippines due to various reasons other than cost-effectiveness. It is well known for rendering top services and high-quality solutions. This is because the developers in the Philippines have gained deep expertise in various programming languages like .NET, PHP, JAVA, C++, Python, Ruby, and HTML.ASP.<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"748\" height=\"482\" src=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/the-Philippines-has-112000-IT-and-engineering-graduates-each-year..jpg\" alt=\"the Philippines has 112,000 IT and engineering graduates each year.\" class=\"wp-image-819\" srcset=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/the-Philippines-has-112000-IT-and-engineering-graduates-each-year..jpg 748w, https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/the-Philippines-has-112000-IT-and-engineering-graduates-each-year.-300x193.jpg 300w\" sizes=\"auto, (max-width: 748px) 100vw, 748px\" \/><figcaption><a href=\"https:\/\/www.designrush.com\/trends\/best-offshore-software-development-countries\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Source<\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>India is a Global Innovator Leader in its Region<\/strong><\/h2>\n\n\n\n<p>India had regained its position to the top in the global innovation region, as per the reports published by <a href=\"https:\/\/www.kearney.com\/digital\/gsli\/2019-full-report\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Global Innovation Index<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"933\" height=\"482\" src=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Leading-Countries-in-the-Offshore-Development-2021-1.jpg\" alt=\"\" class=\"wp-image-820\" srcset=\"https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Leading-Countries-in-the-Offshore-Development-2021-1.jpg 933w, https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Leading-Countries-in-the-Offshore-Development-2021-1-300x155.jpg 300w, https:\/\/www.webential.com\/blog\/wp-content\/uploads\/2021\/08\/Leading-Countries-in-the-Offshore-Development-2021-1-768x397.jpg 768w\" sizes=\"auto, (max-width: 933px) 100vw, 933px\" \/><figcaption><a href=\"https:\/\/www.statista.com\/statistics\/329766\/leading-countries-in-offshore-business-services-worldwide\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Source<\/a><\/figcaption><\/figure>\n\n\n\n<p>According to NASSCOM, <strong><em>\u201cOver the upcoming five years, <\/em><\/strong><a href=\"https:\/\/economictimes.indiatimes.com\/jobs\/up-to-40-per-cent-it-staff-need-re-skilling-nasscom\/articleshow\/58746011.cms\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong><em>40% of India\u2019s workforce<\/em><\/strong><\/a><strong><em> is expected to amplify their skills to meet the advanced requirements\u201d <\/em><\/strong>India is amongst the countries that have the <a href=\"https:\/\/www.cogneesol.com\/blog\/why-companies-outsource-to-india\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">highest number of ISO-9000 certified <\/a>companies, and thus quality is never compromised. Hence offshoring services in India bring a bunch of benefits where the quality of the work is the top priority. <a href=\"https:\/\/www.yourteaminindia.com\/blog\/outsourcing-in-india\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong><em>Over 75% of the world\u2019s CMM Level 5<\/em><\/strong><\/a><strong><em> certified companies are in India.<\/em><\/strong><br><br><strong>You may also like: <\/strong><a href=\"https:\/\/www.webential.com\/blog\/offshore-development-center-webential\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">How to Setup Offshore Development Center with Webential<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>TakeAway<\/strong><\/h2>\n\n\n\n<p>There are various other factors to analyze the best offshore development country which include language, skills, time zone differences, cost of outsourcing, as well as innovation index. India is so far the best outsourcing country in the world and <a href=\"https:\/\/www.webential.com\/\">Webential<\/a> can become your perfect partner to build an Offshore Development Center in India. Still in dilemma about building an Offshore Development Center? <a href=\"https:\/\/www.webential.com\/contact-us\">Connect with Us<\/a> and one of our experts will guide you through the entire journey.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, the tech world is full of competition. Every enterprise wants to perform better and earn high profits while maintaining excellent relationships with its clients. To win the race of this tough competition, enterprises are always looking for new trends and strategies that would benefit them the most. Magnified digital proliferation has highly promoted an&hellip; <a class=\"more-link\" href=\"https:\/\/www.webential.com\/blog\/top-offshore-development-facts-you-should-know\/\">Continue reading <span class=\"screen-reader-text\">Top Offshore Development Facts You Should Know<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,9],"tags":[],"class_list":["post-810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-offshore-development-center-odc","category-outsourcing-offshoring","entry"],"_links":{"self":[{"href":"https:\/\/www.webential.com\/blog\/wp-json\/wp\/v2\/posts\/810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.webential.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.webential.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.webential.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.webential.com\/blog\/wp-json\/wp\/v2\/comments?post=810"}],"version-history":[{"count":6,"href":"https:\/\/www.webential.com\/blog\/wp-json\/wp\/v2\/posts\/810\/revisions"}],"predecessor-version":[{"id":828,"href":"https:\/\/www.webential.com\/blog\/wp-json\/wp\/v2\/posts\/810\/revisions\/828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.webential.com\/blog\/wp-json\/wp\/v2\/media\/829"}],"wp:attachment":[{"href":"https:\/\/www.webential.com\/blog\/wp-json\/wp\/v2\/media?parent=810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.webential.com\/blog\/wp-json\/wp\/v2\/categories?post=810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.webential.com\/blog\/wp-json\/wp\/v2\/tags?post=810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}