Top 5 countries that are best for software outsourcing in Asia
If you’ve been in the IT industry for a while, you might have already heard that outsourcing Asia is skyrocketing. According to Grand View Research, the market size for global outsourcing will reach $405.6 Billion by 2027. India remains the best spot as far as scale and accessibility of abilities are concerned. Meanwhile, China, the Philippines, and Vietnam are standing out as the top software outsourcing Asia.
Why choose Asian countries for outsourcing? In this article, we’re excited to walk you through five amazing Asian destinations for software outsourcing services. For each country, we’ll share three great reasons why they might be the perfect fit for your needs.
Top 5 countries for software outsourcing Asia
Here are the best destinations in the Asia Tech hub where you should outsource your software project.
India
Beginning with India. Why is India so popular for software outsourcing Asia?
Based on Statista, The IT Outsourcing market in India is projected to reach a revenue of $8.81 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 17.92% from 2023 to 2028. This growth indicates a strong and expanding outsourcing sector within the country.
Besides, India is renowned for being an affordable outsourcing destination, boasting a vast pool of cost-effective software developers and programmers who typically charge between $15 and $30 per hour. In addition to these attractive rates, India’s urban population is well-educated and skilled in the latest technical areas. The country also prides itself on its strong technical infrastructure, which has enabled many young individuals to acquire advanced programming skills.
Vietnam
Despite the country’s history of being a communist republic with a Communist political impact, most customers discover that the nation has a profoundly versatile way of dealing with up-and-coming programming and technology advancements. Vietnam has become a dynamic powerhouse for innovation and information technology.
Vietnam has been the key player in the business process outsourcing (BPO) and IT outsourcing (ITO) industries. The BPO market has grown from 20% to 35% annually, with a revenue of 2 billion USD in 2015. Big companies from South Korea, Japan, North America, Australia, and Europe are among our clients. As those countries have high demands for IT services the cost of labor, IT infrastructure, and staff management are among their difficulties in operating their projects effectively. Fortunately, most software outsourcing companies have grown fast, especially in Vietnam with the latest technologies such as big data, artificial intelligence, and the Internet of Things. Vietnamese engineers and developers can carry out projects for customers all over the world with dedication and profound knowledge.
Vietnam has been one of the highest growth information-technology and telecom markets in the world in the past ten years. Nearly 60 percent of the country’s population aged below 35 years could quickly access new technologies, while over half of the population is using the internet.
The Philippines
The Philippines has likewise experienced a peaceful transformation that has reshaped the redistributing programming advancement business to fulfill the needs of rising enterprises. The country is socially like most Western nations while additionally boasting of being the third biggest English-talking country on the planet. The 94 percent English education rate combined with a strong college framework creates more than 30,000 alumni who are capable in IT and other specialized, particular territories. Further, the Philippines’ programming engineers are costing a fifth of the expense compared to that of Western nations. The BPO industry has a record pace of development of over 25 percent a year in only the previous decade.
Thailand
Another good player in the software outsourcing industry is Thailand. As indicated by a 2016 review by A.T Kearney, software offshore Thailand holds the number 6 situation among the ASEAN nations with a proficient offshore work showcase. The country has an amazing foundation with a strong college and school framework to help the IT offshoring workforce every year. The improving utilization of the English language has additionally made Thailand a paradise for remote financial specialists looking for the IT industry.
China
There is a solid sign of China offering probably the best tech and IT administrations in the locale as well as over the globe. Effectively a PwC report found that a developing number of IT organizations are set up in China to take the influence of the information technology industry. The positioning offers a look into China’s drive to create instructive, preparing, and other steady foundations to help advance data innovation and other tech-related administration enterprises among its populace.
Source: Asia Tech Hub