Increase in demand for innovative skills
Businesses struggle to find specialists in cutting-edge technologies such as blockchain, AI, or IoT. Finding a rare expert locally is long and expensive, and hiring an offshore specialist becomes a logical and cost-effective way out.
Focus on High Level of Data Security
Data security is a top concern for CIOs and stakeholders that hire offshore teams. So now leading offshore software development companies are focusing on setting up fundamental cybersecurity frameworks that will mitigate security risks and protect sensitive data.
Value over price
Earlier, outsourcing was synonymous with cheap labor and mediocre quality. Now offshoring is primarily the way to gain access to experts in their industry. Still, lower operational costs remain one of the drivers of offshoring.
Significant use of collaborative tools
Tools such as Jira and Trello can really help maintain a well-organized and cohesive workflow. By applying these tools, businesses that work with an offshore team mitigate the risks of miscommunication and ineffective management.
New offshore locations
Due to the increasing demand for skilled IT specialists, businesses are moving to new offshore locations in Eastern Europe, Asia, and Latin America. For instance, Poland (Europe) with a large talent pool, negligible time difference, and cultural compatibility is emerging as a preferred nearshoring destination for businesses in Western Europe, Israel, and the USA.