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<\/p>\nIf you are evaluating your options for nearshore outsourcing, we have good news for you. Software outsourcing in Colombia is booming in a big way, and you can build the dedicated engineering team you\u2019ve always wanted with considerable benefits.<\/p>\n
This article explores the potential of nearshoring to Colombia and aims to present an outlook on the country\u2019s IT landscape to help you make the right decision. Without further ado, let\u2019s dive right in.<\/p>\n
Over the course of the past couple of decades, Colombia has fully recognized the need for drastic socioeconomic changes and made major progress towards becoming a top IT nearshore destination by doubling down on STEM education, building modern infrastructure, and creating highly favorable conditions for the growth of foreign investments.<\/p>\n
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Source: Global Data<\/a><\/em><\/p>\n Outsourcing software development to Colombia has been on the rise since the government made some favorable regulatory decisions and launched a series of country-wide initiatives to provide North American companies with solid incentives to relocate at least some of their operations from traditional offshore locations to Colombia:<\/p>\n As you can see, The Colombian government is putting a lot of effort into building a solid foundation for the future of the national IT outsourcing market and creating thriving ICT communities in the country\u2019s major cities. According to recent studies (see below), engineering talent remains the strongest asset in Colombia\u2019s ICT portfolio, and the numbers are likely to go up as the country makes steady headway toward a more technology-founded future.<\/p>\n Nearshore Software Development in LATAM: The Definitive Guide<\/p>\n Source: Network Readiness Index 2022 Report<\/a><\/em><\/p>\n The advantages of nearshore outsourcing to Colombia are not limited to the bustling software engineering community, a well-developed ICT infrastructure, and unflagging government support. Colombia is also one of the most beautiful and biodiverse countries in the world, offering a wide range of location choices for residents, digital nomads, and companies considering technology outsourcing to Colombia.<\/p>\n And those efforts started paying off right away. According to a 2022 report<\/a> by Biz Latin Hub,<\/p>\n around 60 foreign companies chose Colombia for nearshore development services and moved their operations to the country during the first quarter of 2022, and that trend is still going strong.<\/p>\n Today, Colombia hosts a number of major-league companies that have chosen it because of the great value-to-cost ratio it offers:<\/p>\n No matter whether you\u2019re considering setting up shop in Colombia or looking for reliable nearshore outsourcing companies there to help you with team augmentation\/outstaffing, the country has everything you require to provide the right expertise and engineering talent necessary to optimize the cost of software development.<\/p>\n Nearshoring to Argentina<\/p>\n Historically, the capital city of Bogot\u00e1 (population 8 million), Medell\u00edn (population of around 2.5 million), the second largest city in the country, and Cali are the key technology centers and main IT hubs that attract thousands of specialists and millions of dollars in foreign investments.<\/p>\n Bogot\u00e1, the capital city of Colombia, has emerged as a thriving modern IT hub in recent years. The city offers a fertile environment for startups and established tech companies alike.<\/p>\n Medell\u00edn, the second-largest city in Colombia, has transformed into a prominent IT hub with its innovative approaches and investment in technology. Here are some key characteristics of this alternative to Bogot\u00e1:<\/p>\n The third-largest city in Colombia, Cali has also been gaining recognition as an emerging IT hub, attracting both local and international tech companies.<\/p>\n While all these cities have made significant strides in becoming modern IT hubs, they differ in terms of scale, specialization, and overall ecosystem maturity. Bogot\u00e1, as the capital, has the largest tech industry and the most extensive support infrastructure. Medell\u00edn is renowned for its innovative approaches and a strong focus on digital transformation. Cali, although smaller in comparison with the other two cities, is an up-and-coming destination that has been steadily growing its tech scene and investing in building a supportive ecosystem.<\/p>\n In general, Colombia is known for having the largest JavaScript developers community in the LATAM region that regularly holds major events dedicated to specific technologies (BogotaJS, Medell\u00ednJS, and others), and to front-end development as a whole.<\/p>\n Nearshore software development in Colombia has been growing steadily over the course of the past decades, as the country amassed momentum and prepared the fertile soil for the rapid growth of the ICT industry. Today, Colombia offers a number of hard-to-beat advantages to any company evaluating the prospect of adopting the nearshore model and hiring Colombian IT teams on a long-term basis.<\/p>\n Being one of the most important US partners in the LATAM region<\/a> (and boasting a 200-year history of working together), Colombia has many examples of highly successful integrations with US-based businesses. The country is regularly highlighted in reports from top consulting firms as one of the best outsourcing locations in terms of ease of doing business and cultural alignment, which in real life translates into initially similar expectations regarding communication frequency and methods, understanding of business requirements, the need to observe quality and security standards, and priority of IP protection.<\/p>\n Colombia is known for its outstanding technical education programs at major universities that graduate around 13,000 software developers and other IT specialists annually, which means that there is no shortage of young and motivated people with agile minds and a passion for their craft.<\/p>\n Compared with other countries in the region, Colombia has one of the largest proportions of STEM-related technical degrees in the general structure of tertiary education. As you can see below, Colombia comes second after Mexico, with a little over 23%, which is truly impressive and above the world median.<\/p>\n Source: The World Bank<\/a><\/em><\/p>\n At the same time, the quantity of graduates is not the only remarkable characteristic of the country\u2019s educational system. What\u2019s also extremely important is the maturity and knowledge of potential employees \u2014 and Colombia does not disappoint here as well.<\/p>\n According to the 2021 World Talent report<\/a> by the International Institute for Management Development (IMD), Colombia ranked 5th in the Americas \u2014 a very decent result considering the size of its nearest competitors and a great indicator for any companies that are weighing the pros and cons of nearshore software outsourcing in Colombia.<\/p>\n Source: IMD World Talent Report<\/a><\/em><\/p>\n According to Aviationweek<\/a>, as many as seven major airlines currently connect 10 US cities with nine Colombian destinations, performing over 300 flights per week with 51,000 seats available. Coupled with an average direct flight time of under 6 hours between NYC and Bogota and no visa requirement for short business and leisure stays, the decision to nearshore in Colombia leads to unprecedented ease of meeting with the remote team on a regular basis.<\/p>\n Colombia shares the EST time zone with the US, which means that you have every opportunity to talk to your nearshore team members throughout the day during normal business hours, which is extremely convenient. Make your Colombian teammates part of your daily meetings and coordinate important project-related activities, such as go-live releases, with greater precision and efficiency.<\/p>\n Since the country is still an emerging player in the IT market, the rates for nearshore outsourcing in Colombia are considerably lower than what you\u2019d be paying in the US.<\/p>\n The typical rate range for senior developers across various technologies will be between $45 and $65 per hour, with possible discounts for long-term engagements and full utilization.<\/p>\n Don\u2019t forget that when you choose an outsourcing model for software development, you will only be paying the agreed hourly\/monthly rate with no extras.<\/p>\n Pick a reliable software outsourcing company that will provide professional nearshore software development services and save on recruitment costs, workplace rental, equipment, and other expense items \u2014 your nearshore partner will assume full responsibility for all that.<\/p>\n If you are still on the fence regarding the best way to augment your software development team or build an end-to-end SaaS product<\/a> for business, Intellias in Colombia is your way to go.<\/p>\n\n
\n \n \n <\/div>\n <\/div>\n <\/div>\n Learn more<\/span>\n\t\t <\/a><\/div>\nColombia global ranking in the 2022 Network Readiness Index<\/h2>\n
![\"Colombia\u2019s](\"https:\/\/d17ocfn2f5o4rl.cloudfront.net\/wp-content\/uploads\/2023\/07\/BP-Nearshoring-to-Colombia-graphics-02.png\")
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\n \n \n <\/div>\n <\/div>\n <\/div>\n Learn more<\/span>\n\t\t <\/a><\/div>\nMajor IT hubs in Colombia<\/h2>\n
![\"Colombia,](\"https:\/\/d17ocfn2f5o4rl.cloudfront.net\/wp-content\/uploads\/2023\/07\/BP-Nearshoring-to-Colombia-graphics-05.png\")
<\/p>\nBogot\u00e1<\/h3>\n
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Medell\u00edn<\/h3>\n
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Cali<\/h3>\n
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Nearshoring to Colombia: benefits for US companies<\/h2>\n
Cultural alignment and strong economic ties to the US<\/h3>\n
Vast pool of highly educated engineers<\/h3>\n
![\"Percentage](\"https:\/\/d17ocfn2f5o4rl.cloudfront.net\/wp-content\/uploads\/2023\/07\/BP-Nearshoring-to-Colombia-graphics-03.png\")
<\/p>\n![\"World](\"https:\/\/d17ocfn2f5o4rl.cloudfront.net\/wp-content\/uploads\/2023\/07\/BP-Nearshoring-to-Colombia-graphics-04.png\")
<\/p>\nGeographic proximity and ease of travel<\/h3>\n
Matching time zones<\/h3>\n
Nearshore outsourcing rates in Colombia<\/h2>\n
Unleash the full potential of nearshore outsourcing in Colombia with Intellias<\/h2>\n