When it comes to outsourcing your software development, offshore software development rates by country come as a top priority.
It is not easy to make an offshore software development rates comparison. You have to calculate many things; it’s simply harder than you can imagine.
Yet, there are some pretty good ways to identify the offshore developer rates and predict how much your project will cost.
What do Offshore Development rates matter?
Offshore Software Development rates are a hot topic when it comes to defining budget expenses and planning a project from start to end.
There are many reasons to consider checking offshore software development costs. After all, if your business has one of the potential issues stated below, it is highly like that you’ll offshore:
- a company is expanding and wants to serve more clients, so it needs new employees;
- a company has different goals and must achieve them (for example, a marketing campaign);
- the company wants to reduce expenses;
- the company is just starting out and has no money for establishing an in-house software development department.
Offshore Software Development rates comparison by countries
It’s not a surprise that offshore development costs depend on countries.
There are two main reasons for this:
- Different countries have different costs of living;
- Different countries have various taxes.
- Different countries have other talent pools and professional academies.
Thus, the calculation of offshore software development rates has to be done by countries.
There are more than 5 million IT professionals in India, according to Github. While junior-level developers earn around $15 per hour, mid-level developers make approximately $25 to $40 per hour depending on experience, and senior-level developers command anywhere from $50 to $80 an hour.
Indonesia has produced a large number of excellent software developers over the past decade, partially due to the fact that most of Indonesia’s major cities have technology universities with software development degrees. Education in these fields helps fuel a high-growth economy and is a driving factor behind the demand for these workers as well.
Interestingly, the rates are even lower than the ones in India. You can have access to a Senior developer within $40 per hour, and usually, Juniors start at around $10 while Mid-level – at around $18-20.
The Republic of Singapore has a long-standing tradition of producing high-quality programmers and software engineers. With nearly 200,000 developers working in the country, and a small population of 5.6 million, the average salary for junior developers is $25 per hour. However, senior developers request an average salary of $80-90 per hour due to the limited supply for such positions.
There are 200,000 developers and 10,000 graduates in tech fields in Ukraine every year. The number of IT professionals is increasing in this country due to a conscious enhancement of their skills. With several IT hubs in major cities, junior developers earn $18-25, mid-level developers make $35-50, and senior developers can make up to $70-80 per hour.
Romania is a global leader in software development, with more than 100,000 developers on its payroll. The cost of hiring a developer in Romania is usually between 15 and 25 US dollars for interns and junior developers, 25 to 40 for mid-level professionals, and about 45 to 60 for senior professionals.
Poland has a highly skilled IT labor force, and there are many opportunities for education and training. Software engineers in Krakow and Warsaw cost, on average, the equivalent of $45-50 per hour. While mid-level software engineers can be contracted for about $52-55 per hour, senior-level software engineers cost about $65 and more per hour to hire.
Offshoring development might be a more favorable option for a company trying to cut costs. However, there are various considerations that must be made. If you are willing to hire overseas developers, make sure they have the skill sets required for the job. Also, consider the time zone differences and cultural barriers that may arise.
Precise work will likely come at a higher price. And while the offshore software development rates comparison might help you hire professionals for a more bearable price, it is still a decision that you should make based on research, not gut instinct.
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