Offshore Software Development is a popular trend that has been receiving attention over the years. It is a vital part of software development services offered by an external provider situated in a place that is far away from the client business geographically. The most important reason for the business organizations to go with outsourcing software development is the high development cost rates of the domestic service providers. The global offshore services market in comparison to ITO and BPO is relatively in its early stage, but India is one of the most favored destination of the world in this industry.
As per current Statistics, Indian has generated US $140 billion as annual revenue from its total outsourcing business. These numbers are going to be overhauled by a long margin to reach US $ 275 billion in the year 2020. Several cities from all over India has improved their infrastructure and manpower to gain attention of major global IT giants in setting up their offices here. On doubt, the most outstanding offshore software development India destination attracted by MNC’s is Bangalore. But other emerging cities like Chennai, Hyderabad, Kolkata, NCR, Mumbai and Pune are also establishing as an IT hub model.
Widely known and popular as the IT Capital or the silicon Valley of India, Bangalore is potently leading the list on most developers in India. It has instantly made its presence felt in the field of offshore software development and electronics. Large number of local as well as global IT based firms are running their business operations from its base. These includes Infosys, TCS, IBM, Accenture, Hewlett Packard, Dell, Texas Instruments, and Robert Bosch etc. The reason for preferring Bangalore as the IT operation center and outsource software development is due to world class infrastructure, abundance of skilled developers and manpower, well suited climate, friendly government policies and sophisticated environment.
Chennai is not far behind and also known as the second silicon valley of India. Low labor cost is the prime factor that has attracted most of big and small IT players to set up their operations in Chennai. The city is now generating good revenues from offshore software development projects.
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