NEW YORK - eTradeWire -- Software outsourcing is a common practice, and more and more companies adopt it to power up their development. The worldwide market of outsourcing is huge, so every business has a wide choice of potential partners.

Nearshore software development is one of the most popular options different enterprises choose when encountering a need to create a software piece. GBKSOFT, a top software development company from Altamira.io holding, gives a quick overview on nearshoring and its advantages.

What is Nearshoring?

Nearshoring is a practice of outsourcing your software development to the country situated nearby the country you are operating. It's usually used in comparison with the term offshoring — the practice of outsourcing to the country located far away from your own. There are also exist onshoring — when the outsourcing partner is based in the same country as you.

For example, Ukraine, one of the most popular outsourcing locations in the world, is considered a nearshore country for European companies, and offshore for US.

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Benefits of Nearshore Software Outsourcing

Here are the main reasons that push companies to choose nearshoring companies instead of local or offshore ones.

Lesser cost of services

As you can guess, it's the most attractive benefit of nearshoring. You may save up to 50% with a nearshore partner and still get a high-quality solution. The reasons for lower fees are simply explained by the economical state of every country: the developers from high-income countries with a strong economy like Germany or France have higher wages than developers from Eastern Europe, however, they can still compete in the skills and quality of development.

Quick access to talents

The development industry in nearshoring countries is growing rapidly, as more and more people pick the career path of a software engineer or non-tech specialist in IT. Hence, the industry is constantly getting new blood and the overall standards are increasing as well.

Convenient location

Usually, nearshore companies are located only one-three hours away from you. You have sufficient overlap in working hours to ensure productive cooperation and collaboration. The other benefit is relatively small distances and short flights. If you want to meet your outsourced team personally, you may need only two hours to fly to their country, and it won't cause any issues like long-distance flights.