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Offshore development has now become the go-to option for businesses to scale their team with the right talent. Offshoring is one of the strategic moves for businesses to optimize their development costs. Outsourcing software development to countries with low labor costs and rich talent pools helps in minimizing the development cost. Countries like India, Eastern Europe, Latin America, and Africa are the preferred choices for offshore development. The hourly rate in these countries ranges between $26 to $100, and this varies depending on the requirements of the project. The cost for offshoring depends on various factors such as the scope, development location, complexity of the project, engagement model, etc. Hence, having this in mind, businesses should choose the right location and offshore partner to delegate their project.
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https://maticz.com/what-is-software-development-outsourcing