Estimating Prices of Offshore Software Services: A Guide for US Companies!
US entrepreneurs and companies have emerged as global leaders in technology over the past two decades. But surprisingly, most of US-based firms face a severe challenge due to the shortage of local software developers. At times, they cannot match with the package expectations of the local developers and this costs the companies a big-time, leading to business losses. This is where the concept of hiring an offshore software development workforce comes into the picture. Over a few years, outsourcing has successfully resolved the critical issue of shortage of developers for US firms to a great extent. Today, these firms are availing top-notch software services from any corner of the world. But another challenge that these companies face is that the costs of offshore software developers and the services aren’t uniform globally. Every country has different rules, practices, and cost considerations. So this blog is meant to help US businesses in this scenario. Here we have jotted down in detail the components that affect offshore development costs, region-wise hourly rates, various outsourcing models, etc. for estimating costs of offshore development services. So, let’s get started.
Fundamental Components Affecting Offshore Software Development Costs
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