{"id":59870,"date":"2024-05-19T10:16:08","date_gmt":"2024-05-19T08:16:08","guid":{"rendered":"https:\/\/intellias.com\/?post_type=blog&p=59870"},"modified":"2024-06-24T11:12:46","modified_gmt":"2024-06-24T09:12:46","slug":"nearshore-software-development-in-latam-the-definitive-guide","status":"publish","type":"blog","link":"https:\/\/intellias.com\/nearshore-software-development-in-latam\/","title":{"rendered":"Nearshore Software Development in LATAM: The Definitive Guide"},"content":{"rendered":"
While the world has been long abuzz with offshore software development, many in the U.S. and Canada have almost forgotten about the convenience and obvious benefits of nearshore outsourcing.<\/p>\n
The global market is a very dynamic and fluid environment. Conventional models of doing business constantly evolve, following the supply curve and the ever-changing geopolitical and economic status quo. Today, nearshore software outsourcing is steadily regaining its popularity as a highly manageable and cost-efficient alternative to building or growing an in-house team.<\/p>\n
As per a 2022 report by Accelerance<\/a>, at least 60% of companies outsource some of their software development tasks, and the combined revenue of the outsourcing market is expected to reach a whopping $133.3 billion by 2025. Nearshore software development accounts for a huge (and constantly increasing) percentage of this growth.<\/p>\n Other sources are even more optimistic in their assessment of the share of outsourced IT functions, like this piece of the 2022 Deloitte Global Outsourcing Survey<\/a>:<\/p>\n <\/p>\n Source: Deloitte<\/a><\/em><\/p>\n In this article, we take a look at how the nearshore development model can make a dramatic change in the agenda of many companies in the U.S. and Canada. We\u2019ll also detail how these firms consider the key advantages and risks associated with this approach to building and maintaining software solutions of any scale and complexity.<\/p>\n As the term unambiguously suggests, nearshore software outsourcing is the practice of awarding projects to companies located in a foreign country or region that is relatively close to the client\u2019s location, often in the same time zone or one with a minimal time offset (typically between 1 and 3 hours, allowing for a very comfortable time overlap).<\/p>\n Such engagements can range from one-time projects to hiring full-time dedicated nearshore development teams fulfilling the role of in-house experts with considerable cost optimization. On top of that, you can enjoy the simplicity of traveling to your nearshore software team\u2018s location at any time, and stronger bonds between you and your nearshore development partner (in fact, Deloitte states<\/a> that 87% of organizations view external workers as an integral part of their workforce).<\/p>\n Let\u2019s take a closer look at the types of outsourcing that are typically used in the industry.<\/p>\n In general, outsourcing comes in four distinct forms:<\/p>\n <\/p>\nWhat, exactly, is nearshore software development?<\/h2>\n
What are the types of software outsourcing?<\/h2>\n