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How Much Does It Cost To Outsource Software Development? We all have seen the rise in demand for skilled remote software developers on various technologies during and post pandemic times. And as per Gartner, it is reported that by 2027, the software market is expected to hit $17.79 billion with a growth rate of 10.85% YoY. This is because the huge volume of B2C Software Applications that are being used these days are only increasing from here. This means, the demand for Quality Software Developers will be higher too, and since not one country alone can procure for all the software development demand of the world, the significance and benefits of having an awesome Remote Software Developers Team will be all time higher for next 10 years safely. And, India will remain as one of the top destinations for hiring high quality Remote Software Developers hands down. That being said, in order for finding out How much would it cost to hire a remote software development Team, you need to define your requirements in terms of Technology you need, number of people, offshoring destination, years of experience, domain expertise and much more. Let us briefly discuss the factors affecting theCost of Offshore Remote Software Developers. Remote Developer Cost Factor 1 – Technology Skill Set Self-explanatory – Developers on HOT technologies will always be costlier than the ones on legacy or passing technologies. For example, a Web Developer on React.js/Vue.js/Redux etc will cost you more Vs someone working on PHP/ Laravel. On hourly basis, if you hire a React Developer for $ 20/ hour the same exp level php/ Laravel developer may cost you $ 16/ hour. Another example, a developer on React Native Mobile Development technology may cost you $ 25/ hour Vs a developer on native android technology or native iOS will be lesser price. Remote Developer Cost Factor 2 - Years of Experience Again, self-explanatory! The more the years of experience, the higher be the price. At Agicent, we’ve bracketed experience ranges largely as follows – Senior Remote Developer – 5 + Years Mid-level Remote Developer – 2-4 Years Skilled Remote Developer – 1-2 Years You must have already used the Offshore Remote Developers Cost calculator on this page, if not then we insist you give it a try and get a solid cost range. For more clarifications, you can always email us at [email protected]. Remote Developer Cost Factor 3 – Domain Experience We can divide remote software developers into two categories from the point of view of the project need as follows – Software Developers that you hire only for their Technical Skills – For example, hiring iOS Developers for they are skilled on iOS/ Xcode/ Swift/ Objective C. Or, hiring Android Developers for they are skilled at Android Studio, Java, Kotlin. Or, hiring React Native Developers for they are skilled at react native, may be react.js, android, iOS. And, Software Developers that you hire not only for their Technical Skills but also their domain experience/ expertise – For example, Hiring a web full stack developer who is skilled on DB programming, React.js, Node.js, Graphql but also have an experience of 5 years in Banking & Insurance Domain. Or, Hiring a C/C++ developer who has an experience of 5 years on creating 4G/ 5G Network elements software in hardcore Telecom Software Domain, an experience in Embedded can be considered too. Hiring a Python Developer, who has worked for 3 years in payment processing and understands deep level payment transaction protocols, security, encryption and so on. That being said, Remote Developers that you hire only for the Tech Skills will cost you better Vs Remote Developers that you hire for their Tech Skills + Hardcore Domain expertise because latter is usually less in number and higher in demand by right companies. Remote Developer Cost Factor 4 – Location of Remote Software Developers Team You outsource to India the cost will revolve around $ 20 to $ 40/ hour, you go to Ukraine it will be up to $ 100/ hr, you go to Latin America it will in the mid of the two, while it will be cheaper in Bangladesh or Philippines. Remote Developer Cost Factor 5 – Freelancer/ Part Timer Vs Agency/ Offshore Software Development Company When you hire remote developers from an Agency, you basically make the Agency accountable i.e., they are the ones having their brand at stake and they involve many more personnel and infrastructure than just the developer in order to make sure things run smoothly every single day and you get every bang out of your buck. That means, they’ll spread over such quintessential cost over their total price and you may find it costlier VS when you hire a freelancer who may burn midnight oil after their day job and offer their service in way lesser price. There is a trade-off ofcourse and then, there is a reason corresponding to hiring both of them. Source: https://www.agicent.com/offshore-remote-team-calculator