Another key driver of the shift towards offshore software development is cost efficiency. Outsourcing software development allows businesses to reduce their operational expenses significantly. Countries with lower living costs, such as India, Vietnam, and the Philippines, offer competitive rates for high-quality software development services.
The ability to access talented developers at a fraction of the cost of local teams allows companies to allocate more resources toward other areas, such as marketing, research and development, and infrastructure. This cost-effectiveness is particularly crucial for startups and small businesses that need to remain competitive without breaking their budgets.
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