Outsource to Asia: Which Countries to Find and Select Your Best Partner?

Software development outsourcing is expanding at a fast pace, with a spending of $700 billion per year by 2022. Moreover, IT outsourcing spending is foreseen to reach $519 billion in 2023. And it seems not to slow down any time soon since this is considered the best solution for IT businesses to reduce costs, resources, and time while still being able to maintain a high-quality product. Businesses from all around the world are outsourcing their software development needs, but most of them still prefer working with teams from North America or Europe. However, it is starting to change as more and more businesses are now looking towards Asia for their outsourcing needs since there are many benefits to be had.

What is software outsourcing?

Simply, software outsourcing is the process of hiring a third-party company to handle all or part of the software development needs of your business. This can include anything from developing a new software application to maintaining and upgrading existing ones. Benefits to outsourcing software development are many, including accessing a wider pool of talent, reducing labor costs, and freeing resources to focus on other core business activities. But before that, it’s important to choose the right software outsourcing partner to avoid any potential problems down the road.

Why outsource software development to Asia?

There are a lot of reasons why worldwide companies of different sizes outsource to Asia. The continent has a vast population that provides a large pool of talent and potential employees. Additionally, many countries in Asia offer competitive labor rates that are significantly lower than those in developed countries. And finally, the continent is home to a wide variety of locations that can accommodate different business needs. Besides, there are a lot of benefits businesses can reap when outsourcing to Asian countries:

• Wider pool of talent: First and foremost, Asian countries like India and China offer a vast pool of highly-skilled and affordable labor, helping to solve the scarcity of tech talent. This is especially true in India and China, which are home to some of the world’s best engineering and IT schools.
• Lower labor costs: One of the main reasons businesses outsourced software development to Asia is because of the lower labor costs. In countries like India and China, developers are often willing to work for much less than their counterparts in developed countries. This will surely result in significant cost savings for businesses that outsource their software development needs.
• Access to the latest technology: Asian countries are often at the forefront of developing new technologies and applications. This means that businesses that outsource to these countries can gain access to the latest tools and technologies, which can give them a competitive edge.
• Improved quality: In recent years, Asian countries have made significant strides in improving the quality of their software development services. This has led to increased confidence from businesses in developed countries that are looking to outsource their software development needs.
• Increased flexibility: One of the main benefits of outsourcing software development is the increased flexibility it offers. Businesses can often scale up or down their software development projects as needed without having to make long-term commitments.
• Faster turnaround times: Asian countries like India and China often have much shorter lead times for software development projects than developed countries. This can be a competitive edge for businesses that need to get their products to market quickly.
• Improved customer service: Asian countries have also made strides in improving customer service. This is important for businesses that outsource their software development needs, as they can expect to receive better support from their outsourcing partners.

Top 5 Countries to outsource software development in Asia

There is currently a shortage of IT experts, but there is no shortage of countries where you can outsource software development. In Asia, you have some of the top-of-mind options to consider:

India

Home to a large and rapidly growing economy, India is a top choice for businesses looking to outsource software development. With a vast pool of highly skilled IT professionals, India offers competitive rates and world-class resources. In addition, many Indian outsourcing firms have established themselves as leaders in the industry, with a proven track record of delivering quality results.

China

As the world’s second-largest economy, China is an attractive option for businesses of all sizes. Chinese outsourcing firms offer competitive pricing and a wide range of capabilities, from web development to mobile app development. In addition, China is home to a large number of multinational corporations, providing a wealth of experience and expertise.

Vietnam

A rapidly growing economy, Vietnam is an attractive option for businesses looking to outsource software development. This country has become the new promising IT outsourcing destination for the whole wide world. The quality of software development services is on par with global standards, yet the cost of living and doing business in Vietnam is still relatively low. Therefore, Vietnam can offer competitive rates and a wide range of capabilities. Moreover, Vietnamese outsourcing firms also offer a high level of English proficiency, making communication and collaboration easier. Today, there are a lot of top outsourcing companies in Vietnam that you can consider.

Philippines

The Philippines is another popular choice for outsourcing software development, with a large pool of talented IT professionals. Filipino firms offer competitive pricing and a wide range of services, from web development to mobile app development. In addition, the Philippines has a strong track record of delivering quality results.

Indonesia

As the fifth most populous country in the world, Indonesia is a top choice for businesses looking to outsource software development. Quite similar to the Philippines, Indonesia has been a favorite IT outsourcing location for years. The country has a lot of IT outsourcing vendors, providing good and diverse services with competitive prices.

In addition to the top five mentioned above, there are many other countries in Asia that offer a large pool of talented resources and competitive rates. These include Malaysia, Thailand, Singapore, and Taiwan.