The global outsourcing market amounts to 92.5 billion U.S. dollars in 2019. And the market has experienced a drastic jump in the last decade, especially in the last year. It’s because setting up an offshore development center has proven to be one of the most viable investments in terms of digital transformation.
What is an offshore development center (ODC)?
The offshore delivery center (ODC) is an office dedicated to fulfilling the software requirements of a company. You can set up your offshore office anywhere around the globe. However, businesses prefer to pick a country where the cost of living is lower in comparison to their native country.
The concept of offshore development center is quite simple. It basically functions as a global extension of the existing IT team of an organization, which is more economical, commercially sane, and provides top-notch product/service quality.
Though, you can add or remove resources based on your requirements. But usually, this team consists of full-time dedicated offshore developers, designers, software testers, quality analysts, copywriters, a project manager, and delivery manager.
So, the client organization doesn’t have to worry about any aspect of the development process. Your IT outsourcing partner will share your responsibility for the product development cycle, buying you enough time to focus on your core business functions.
As an entrepreneur, you can
- launch products faster,
- save the cost involved in the hiring process and infrastructure.
That is why most start-ups, SME’s as well as enterprises are investing in this business strategy.
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