![]() Together with the constantly growing tech trend for business digitalization, it caused a tremendous increase in demand for software development services. This is how Eastern Europe, Latin America, Asia, and Africa became known as regions for offshore software development.īut in the last few years, the whole world dove into a new, pandemic-related, digital era with accelerated tech transformation. And if big enterprises can afford to pay the highest prices and win this competition, most smaller companies have to look for talent in countries with lower living costs. Huge demand and a limited supply of senior engineers in these regions lead to a rise in salaries and intense rivalry for available resources. ![]() A similar situation is also observed in Western Europe (especially Germany and Netherlands), where many European businesses are concentrated. Many reasons can be behind this, such as the necessity to perform fast to be able to keep stable in a changing environment, the need for strong leaders in each role, and limited resources that make it impossible to hire and manage a big dev team, or even the opposite-receiving funding rounds that open new horizons. You rarely find a job opening for a junior or even a middle position. We hope you will find it useful.Īnd now, let’s try to understand what market processes lead the global software development market to the current situation.Ĭurrent Situation on IT Hiring Market in 2023Īccording to our study, US-based companies prefer to hire senior software engineers. developers with good English, communication skills, and a proactive approach are always in demand therefore, they are paid more than average.Īlong with that, in this article, we tried to give the most realistic estimation of the hourly rate you need to pay for an experienced developer ready to work on international projects.average cost combines rates of junior and senior developers, and the first ones are the majority of the market.average rate combines rates for different technologies some of them are the mainstream and less paid, others-are unique and will cost way more.Please, always remember that average rates can differ a lot from the actual price for software development services, and this is why: ** According to The World Bank, scale from -2.5 to 2.5 * According to The World Bank, the max score is 100 We’ll be using data from reliable sources such as PayScale, SalaryExpert, Indeed, Upwork, TopTal, and us- YouTeam, a marketplace for on-demand engineering staff augmentation. In this article, we will analyze the offshore software development rates by country seniority and give some tips on how to hire developers reasonably well. ![]() Additionally, product development costs may change depending on a tech stack, the seniority of a developer, the hiring model, and the platform that you use to hire offshore developers. However, the average cost of software development services still greatly varies from country to country. Offshoring also opens the doors to global talent pools. With modern technologies, you can outsource software development to an overseas programmer team and thus save costs. The Average Cost of Software Development Services
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