In today’s digital landscape, companies pour huge amounts of time, hard work, and money into creating unique Offshore custom software development products and services. Why go through all this trouble? Well, the tech industry is becoming increasingly jam-packed with similar solutions.
It's an incredibly competitive marketplace, forcing software businesses to craft customised software specifically suited to individuals or groups of clients. This growing demand for tailored software only escalates as we march through 2023.
That's why more companies are looking into offshore development teams to lend a hand.
Defying offshore custom software development
For years, companies have relied on generic off-the-shelf software and hardware - ready-made products built for plugging into existing systems.
Microsoft Office is a prime example of ubiquitous commercial software packaged up and ready for any business. While handy in the past, today's IT landscape has gotten more complex. Companies now offer more specific solutions to meet unique needs - and that's where offshore custom software development comes in.
Custom software is fully tailored to the particular requirements of one user group. Not only do clients get full ownership of the product, but they can also ask for extensions or new capabilities by working with the developers.
The challenges of developing custom products
Scarce tech talent
There's an incredibly high demand for experienced and skilled software development engineers - nearly 250,000 software jobs remain unfilled in the US alone. But low graduation rates make the shortage even worse - the US produces only 35,000 computer science grads yearly.
Additionally, experienced developers often face hefty workloads, working more than 60 hours weekly to meet strict deadlines. The big gap between the high demand for experienced developers and the small number available leads to longer times to develop products.
High operation cost
Developing custom software can be costly. This is mainly because software engineers earn high salaries, averaging around €85,000 in the US. It's also worth noting the recruitment fees, typically falling between 20% and 25% of the engineer's salary, and these expenses can mount up over time.
But that's not all – there are other expenses to consider too. Such as:
- Office space
- Equipment
- Training for your team
- Healthcare
- Retirement plans
- Other benefits
On the other hand, off-the-shelf software solutions are usually more budget-friendly. Even though they may not perfectly align with your organisation's needs and might require some adjustments to your processes, they often prove to be a more cost-effective choice.
Source: https://techplanet.today/post/offshore-custom-development-software-hurdles-in-2023
GoodCore is known for developing tailor-made software solutions for businesses across various industries. They work closely with clients to understand their unique requirements and build custom software that addresses their specific needs. The company https://www.goodcore.co.uk/ has experience in creating web applications, web portals, and content management systems (CMS) using various technologies and frameworks. GoodCore may provide mobile app development services for both iOS and Android platforms, catering to various business needs. They often work with businesses to design and develop enterprise-level software solutions that can help optimize business processes and enhance productivity.