Offshore software development has witnessed tremendous growth in recent years, with businesses wanting to reduce costs and improve efficiency. Businesses have had mixed results as they try to balance cost savings with control of the project; in-house development versus onshore and offshore development.
According to a report, the global Offshore Software Development market size was valued at $130.56 Billion in 2022 and is projected to reach $244.76 Billionby 2028, with a CAGR of 11.04% during the forecast period (2022-2028). This indicates that the market is expected to expand steadily over the forecast period, presenting opportunities for businesses involved in offshore software development. However, some risks are also associated with offshore development, such as time zone, cultural differences, communication challenges, and quality control issues. This blog post will discuss mitigating these risks using successful strategies and ensuring success in offshore software development.