What is the cost of offshore software development in different locations?

Are you wondering how much custom software development costs? There are many options for choosing a software development partner, and a lot of time is needed to do your own research before making a decision.

Below is a price guide covering the offshore software development cost in some of the most popular offshoring locations.

offshore software development hourly rates

Eastern Europe

Although they are close geographically, Western and Eastern Europe vary greatly in software development rates.

The region includes countries like Poland, Romania, Moldova, Estonia, Hungary, etc. If you outsource your project to a software development vendor in the Eastern Europe region, it will cost you around $20-48 per hour, depending on the skill of a particular offshore developer.

Asia

Asia’s biggest software development offshoring hubs are China, India, Vietnam, Malaysia, Indonesia, the Philippines, and Bangladesh. The major advantage of the Asia region is its low offshore software development rates. The rates in Asia range from $20-40 per hour.

In the continent, India offers unparalleled quality software development services at cost-effective prices. The best reasons to make India a preferred outsourcing destination are favourable policies, fast-developing infrastructure and an immensely talented workforce.

Cities like Bangalore in India provide the perfect ecosystem for offshore development and are captivating the attention of stakeholders worldwide. Offshoring to Bangalore gives you access to skilled individuals with favourable arbitrage.

Latin America

The IT offshoring market in Latin America should also be considered when choosing a destination to hire a remote development team. It provides competitive talent, relatively good rates, and a convenient location. The offshore software development costs in Latin America are roughly around $30-48 per hour, which is a fair price to ask for.

As you can see, the average cost of software development in offshore destinations is far lower than in the United States, Australia or Western Europe. The lower cost of living and overheads makes hiring offshore developers the most cost-effective decision.

Source: https://thescalers.com/the-cost-of-offshore-software-development-everything-you-need-to-know/