9 Reasons Why the US & Europe Companies Need Offshore Product Development

Offshore Product Development
Product Engineering

9 Reasons Why the US & Europe Companies Need Offshore Product Development

  The growing customer demands force companies to develop and deliver products swiftly, without compromising quality. While some companies have the right talents and infrastructure, others have challenges in developing and delivering products to customers in time. 

Significantly, the companies in and around the US and Europe face stiff challenges derailing their growth.

Many US and European companies face nine challenges. 

  1. Product development overhead cost
  2. Lack of resources
  3. Improved product quality
  4. Infrastructure cost 
  5. Technology and innovation
  6. Timely development and delivery 
  7. Geographical limitations
  8. Managing their internal operations
  9. Delivering a consistent customer experience 

Well, is your company facing any of the above challenges? This post will guide you with a practical solution to improve your service and operations at a lower cost. 

The solution is – to partner with seasoned offshore development services for your unique and quick product development needs. 

What is offshore product development

I know offshore product development doesn’t need any introduction, yet I am sharing a brief for companies that haven’t tried this trick. 

It is the process of delegating or assigning the product development activities to a third-party company to accelerate the production rate without compromising quality. 

Adapting offshore product development strategy

The US or European companies that have problems with on-time product development and delivery have a fantastic choice to skyrocket their operations and growth in the form of offshore product development

According to the latest report, outsourcing entails the contracting out of business processes to external parties, either domestically or offshore. In 2019, the global market size of outsourced services was valued at 92.5 billion US dollars, increasing approximately seven billion US dollars from the previous year. (Source: Statista)

With the internet paving the way for global customers’ products, companies have to rethink their existing strategy to include offshore product development services

With such an approach, the companies can leverage the expertise of an expert product development partner (third-party) to improve their delivery rate. Using this strategy, the company can free up the internal resources to focus on the critical tasks and operations contributing to growth. 

9 Reasons to Partner with an Offshore Development Services 

Let’s discuss in detail why partnering with an expert offshore product development partner will accelerate productivity, improve product quality and ensure on-time delivery in the upcoming sections.

1. Offshore development and overhead cost

  Many companies face this challenge. Product development requires top talents, and SMEs can’t afford to hire new resources for the new project. The company’s cost is massive; sometimes, the help requires training for a few months before starting. 

If the project is around the corner, partnering with an offshore company will simplify this challenge for you. They have the right set of talents that can start working on product development immediately. The overhead cost of hiring new talent is relatively lower than hiring an offshore developer. 

2. Offshore development and lack of resources 

  What if your company doesn’t have the resources or skills when you need them the most? Makes no sense, right? To ensure this, you must try out a new partner in the form of offshore development companies to bridge the skills and resources gap within the company. This way, you can kick start the development much quicker and deliver on time.

3. Offshore development and product quality 

  The quality of the product delivered to customers ensures your business’s success. Developing products of no quality will only earn customers’ frustration, leading to de-branding. Hire the top talents from outside to overcome this challenge. The outsourced company will help you with a dedicated and adept developer that can produce quality products in a short period. 

4. Offshore development and infrastructure cost 

  Not all companies can invest in new teams for a new project. The infrastructure of the company needs a transformation too. Modifying the infrastructure is a massive investment that companies can’t overlook. Also, companies can’t afford to grow their team size for every new product. The ideal way to deal with this situation is by partnering with offshore product developers. 

5. Offshore development and technology innovation

  Customers now look for products that are tech rich to make their day-to-day lives more uncomplicated. If your company stays ahead of the completion, you must focus on developing tech-enabled products. Not many companies have the talents that have developers with profound tech skills. 

Offshore development companies train developers for emerging technologies and skills to develop new products. So, even if you want to build a new product powered by the latest technology, your offshore partner can help you achieve this without hassle. 

6. Offshore development and on-time development, delivery 

  With limited resources developing and delivering a product is painful for any company. You’re gone if you can’t provide the product on time to your customers. Hire an offshore partner to ensure the product is designed and delivered on time. 

7. Offshore development and geographical limitations 

  With options wide open for companies to serve customers across the globe, sometimes companies need to take advantage of the demographics to entice customers. If they partner with an offshore vendor, they can help your business overcome the geographical limitations to deliver products without spending much time on developing and producing in your time zone.

8. Offshore development and managing internal operations

  Immediate projects and sudden team or infrastructure changes can impact your internal teams’ operations. This sometimes affects your overall growth. By partnering with offshore development services, you can free up your internal team to focus on the most critical tasks for the company’s growth. 

9. Offshore development and customer experience

  If you can develop and deliver products swiftly with uncompromised quality, you always have a fantastic customer experience. And offshore companies help you achieve this. Finding the right company will help you overcome all the challenges and help you enthrall your customers with the best-in-class product with unparalleled quality. 

Summing up

The growth in the market size of outsourced vendors all around the globe suggests that many companies rely on offshore developers to satisfy their end customers. The trend is all set to continue in the years to come. 

If your company faces the challenges discussed above, it is the right time to partner with a reputed offshore development company. 

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