There’s no doubt that we’re in the age of technological disruption. Every other day, companies are building innovative products and services to stay ahead of their competitors, scale their business, and generate profits. Given the number of software development companies in the world today, growing fast is no longer an option — it’s a necessity for survival.
In such a scenario, there’s only one thing that matters — hiring the right developers. Without successful software developers, it’s only a matter of time before a company runs out of business. So, the million-dollar question is — Where can you go? How can you put together an A-team that will elevate the products and services that you build to the next level?
In this blog post, we break down the top 4 countries that are a haven for Successful software developers in 2020. If you’re a company struggling to find the right local talent, building a remote team in one of these countries may just be the answer that you’re looking for. Read on!
The software development market in China is flourishing like never before, with various new technologies like Machine Learning and Artificial Intelligence taking the front seat. At the beginning of 2018, the software industry in China had reached a profit of over USD 687.5 billion. And that’s not all. With a growth rate of 16.5% every year, China currently employs over 6,000,000 successful software engineers — a number that is predicted to increase by 3.4% year after year.
But what factors have contributed to this growth?
China’s technology sector has grown incredibly in the last two decades, even overtaking the United States. Advancements by companies like Huawei, WeChat, Baidu, and Tencent has helped the Chinese IT sector grow at an unprecedented rate, in turn, influencing the Chinese economy significantly.
Cities in China, such as Nanjing, Jinan, Chengdu, Guangzhou, Shenzhen, Shanghai, Beijing, and Hangzhou, contribute to 60% of China’s software industry income. These cities are also home to some of the most successful software developers who are experts in concepts like Artificial Intelligence, Robotics, and Deep Learning. With more promising local companies beginning to emerge, multiple foreign companies are entering the market to try and capture this opportunity before their competitors do!
In a survey that was conducted by the National Association of Software and Service Companies (NASSCOM), it was seen that over 80% of the firms in the US and Europe preferred offshoring their software to India. Even though countries like the Philippines and even China have emerged as promising competitors in the software industry, India has quickly risen to the top of the list.
What makes hiring developers from India a lucrative option?
There is immense pressure in the West to find the right talent, at the right price, with the right skill set. India as a country, emphasizes significantly on the importance of education and training its people. So when you build a team in India, you get access to highly educated, qualified, and successful software developers with the skills needed to scale your business.
India generates 1.5 million engineers year after year. That means 1.5 million tech talents who have been meticulously trained to approach every roadblock, problem, and bottleneck, with an open mind. Their unconventional approach to a problem is what sets them apart from engineers all across the globe.
Further, because of the lower cost of living in India as compared to the West, the salary that you would be paying a developer from India would be a lot lesser than for a developer who is living in the US or UK. When you consider the big picture, not only is your company getting access to exceptional talent, but it is also generating significant savings in the process.
Software development is the most advanced and popular field in Ukraine, with the Ukranian IT industry expected to reach over $10 billion in value by the end of 2020. The country ranks fourth in the world by the number of tech workers after the United States, India, and Russia. The World Economic Forum also named Ukraine among the top 10 countries globally by the number of STEM graduates produced every year.
Another result of the rich tech scene of the country is entrepreneurship, which has fueled the growth of the local startup community. Grammarly, GitLab, PetCube, Mobalytics, Preply, CleanMyMac, and Readdle are some of the big names of the tech industry in Ukraine.
Compared to its neighboring countries — such as the Czech Republic, Poland, and Belarus, Ukraine offers not only a larger talent pool but also a more competitive outsourcing rate. If you’re looking to outsource one-off projects, then Ukraine can definitely work for your business.
In the 2017 Tholons Top Outsourcing Destinations, 6 out of the top 10 cities are from countries in Asia, like the Philippines and India.
4. The Philippines
The Philippines is another country that has been gaining significant traction in terms of providing outsourcing services for customer support and tech services to different foreign businesses. What’s promising about the IT industry in the Philippines is that it’s still growing. This means that hiring successful software developers won’t be as expensive as compared to the West.
More and more information-based products and services are being built in the Philippines today. The country, once known for its booming BPO industry, is slowly moving away towards establishing a strong foundation in the IT space. More apps are being produced by the day, and with the possible integration of sensory technology and artificial intelligence (AI), one can expect many changes in the future!
As far as international involvement goes, the Philippines gets its support from the Association of Southeast Asian Nations (ASEAN). This organization primarily aims at accelerating the economic growth, social progress, and cultural development of the country. Without the software industry contributing to the association, this would be nearly impossible to maintain, much less achieve.