Read this blog post to learn more about how software development companies in India become the best offshoring destination in the world. This post will give you better insights into the reasons why international businesses hire offshore software developers from India and the position of India in trending technologies
INDIA: THE BEST OFFSHORING DESTINATION IN THE WORLD
India is becoming a leading IT offshoring destination in the world due to its rapidly advancing tech ecosystem, strong education, and a large number of skilled resource pool with a solid background in technology. Indian software developers are known for their excellent interpretational skills and expertise in trending disciplines such as Machine Learning, IoT(Internet of Things), AI, big data, blockchain, etc.
Why India is becoming a leading IT offshoring destination in the World?
It’s not surprising that a large number of international companies hire developers from software development companies based in India to build their cutting-edge software products.
Over the past few years, the demand for Indian software developers has been growing rapidly, making India first in terms of the number of IT professionals in the entire world. India exports nearly 126 billion USD in value of software products and engineering services globally but this number is only expected to rise, as Indian technical faculties produce thousands of tech graduates annually.
Why international giants hire developers from India?
1. 300,000+ IT Professionals
Information technology is the most advanced industry in India and is a key part of the country’s economy. According to the latest forecast by Gartner, tech spending in India will reach US$94 billion in value by 2020, up from US$88.5 billion in 2019. Which is a whopping 6.6% increase in the spending. India ranks first in the world by the number of IT resources overtaking the United States, Germany, and Russia.
Also, the latest technologies and frameworks are more widely used in India than in any other country in the world. India ranks first globally by the number of Angular.js, ASP.NET, Node.js,Vue.js, Ruby on rails, flutter, and PHP developers.
2. A large pool of software development companies to choose from
India shores the largest pool of offshore software development companies in the world and offers all sorts of software development services, including IT Consulting, Frontend development, R&D services, Angular JS Development, Progressive Web App Development, C# / WPF Development, UI/UX design, big data analytics, RPA(Robotic Process Automation), AI, ML, VR, AR and much more.
Moreover, India is home to more than a hundred research and development centers for global tech giants like Intel, Dassault, Bosch, Samsung Electronics, Apple, Microsoft, IBM, Boeing, Oracle, and Dell, just to name a few.
3. More tech graduates than any other countries
India has more tech graduates per year than any other country. More than three hundred thousand students graduate from Indian universities with majors in tech-related fields. Apart from that, India has a favorable business environment that encourages more tech companies to thrive. The Indian government provides favorable conditions that foster tech exports by building IT incubators, IT parks, transportation, and other infrastructure.
4. Timezone advantage that allows shared working hours
India is 9 hours and 30 minutes ahead of the United States.
India is 4 hours and 30 minutes ahead of United Kingdom.
Australia is 4 hours and 30 minutes ahead of India.
This time zone difference allows businesses in these countries to set up shared working hours with offshore development companies in India.
- Increase in delivery time
- Less turn around time
- Higher Productivity
- 24X7 Production
5. Best Price & Quality
Most of the businesses around the world are now leveraging offshore software development companies in India to build high-quality software products at an attractive price tag. High code quality, when combined with the best development price, makes Indian software development companies stand apart from other players in the offshoring industry.
Outsourcing your software development project to an offshore software development company in India is forty to fifty percent cheaper than you would build back in the US. By hiring an offshore software development team, companies can eliminate costs that come along with hiring on-site developers such as onboarding, workstation setups, insurance, perks, and other costs.
Businesses from all over the world prefer to outsource their project to India because of the following reasons:
- The Indian technology industry is growing rapidly with IT exports worth nearly 126 billion USD
- Global IT giants such as Intel and Microsoft have their R & D centers in India
- Indian software engineers excel both in technical and interpersonal skills. They are easily adaptable to western culture and have advanced communication skills in English
- Offshore software development companies in India offer affordable rates because of the relatively low cost of living in India
- Indian government provides favorable tax conditions for the technology sector
With that being said, hiring a software development company in India is not difficult as it might seem. Here at Vofox, we have a solid track record of developing custom software solutions for clients across the globe.
If you’d like to discuss a project with our team and learn more about how offshoring could work for your business, submit this form to contact our offshore development center:
Want to discuss a project with our team? Submit this form to contact our offshore development center:
Get connected with our offshore development center
GET QUICK QUOTE