By now, we have talked multiple times about why you should outsoure your software development projects to latin america, and the key to success in Latin America software outsourcing.
In those blogs, we mention how this region is quickly becoming one of the biggest outsourcing industries in the world, so much so, that Forbes has a full report talking about the impressive growth of the outsourcing market in this region.
So today we will take a quick look at the top 3 countries for software outsourcing in Latin America, and why you should choose to work with any of the nearshore companies located there. Let’s begin.
If you took a second to read our previous blogs, you would have noticed Brazil is the number one software outsourcing country in Latin and South America. Is the India of the region, sort to speak. According to a previous study made by Agile Engine, Brazil is the country with more software engineers in the region, with over 400,000 latin america software developers currently working there.
We won’t be talking about how skilled these developers are, since we have already talked about that in a previous blog, which you can read here. A blog/report where we focus on how Latin america software developers are positively impact the IT outsourcing market.
Right now, Brazil is at the #13 spot on the Top software outsourcing countries in the world, and is #1 the in Latin America software outsourcing market, according to the TopCoder recent statistics which you can check here.
Not only that, but according to a study made by Accelerance last year, Brazil was the country with the biggest IT industry growth in the whole world, even surpassing their direct competitors: China and Russia.
Now, what does this mean to you? What benefits does it bring you? It means you get to:
Work with some of the top nearshore companies in the world.
Have access to top notch technology, professional software engineers and a huge talent pool to choose from.
Be involved in the third country with best business environment (with a score of 49/79) and excellent global connectivity.
However, outsourcing to Brazil isn’t as easy as it seems. Even when this gian outsourcing destination has become a popular one amongst companies from the US, there are two major cons:
The great majority of software developers and engineers do not speak english, which makes finding a nearshore company with a good control of the english language extremely harder and can lead to a problematic language barrier.
Due to the massive size of the country and the upcoming of new IT outsourcing services companies, setting the right ones from the “scam” ones can be complicated, specially for startups and small companies that have never outsourced their software processes before.
Right behind Brazil, comes Argentina. Ranked as #14 amongst the best software outsourcing countries and #2 in the Latin America (and South America) region, Argentina is a country that needs to be recognized for what it is: An outsourcing giant.
With over 100,000 software engineers currently working there, Argentina is the third country with the largest latin america software developers community (surpassed only by Brazil and Mexico) It is worth to mention that back in the Hackerman Programming Olympics of 2016, and in the current report of this 2018, Argentina came through with an excellent score of 72,1/100, positioning as the third best latin america country (Again, surpassed by Brazil and Chile)
If you’re looking to get fast results and great software solutions at a relatively low cost, Argentina is the right place to pick, specially when you consider they have a very cost competitive market when compared to the rest of Latin America.
As a matter of fact, Argentina's economy depends heavily on technological services, with IT services, hardware and business process outsourcing being the biggest sectors of the technological market in the country.
But again, these are just nombres, what does it really mean to you? It means that you:
Get to work with some of the top offshore and nearshore companies in the world.
Can significantly cut production costs since Argentina has one of the lowest software development rates in South America.
Won’t have to deal with drastically different time zones or language barriers that could difficult the software outsourcing process.
As to the cons of outsourcing to Argentina, we could only mention the risk of being exposed to a false “cheap” nearshore solution, but other than that, this country is a safe bet for everyone.
Last, but not least, there’s Panama. Located in Central America, this small country is still considered part of the latin america software outsourcing market, and it’s actually considered as the next big outsourcing destination.
Thanks to the number of expert software developers currently working in different nearshore companies there, and the fact Panama is targeted as one of the main fastest growing economies in the last couple of years, with an incredibly technological advance IT market.
We actually have talked about this in two previous reports which you can check out here, and here. Two blogs where we take a deeper look into Panama’s current software outsourcing and IT services market.
Panama has one advantage that their other competitors don’t: Their location. Thanks to its proximity to the United States, and the fact they have always been a breach for commercial relationships, Panama has one of the most stable economics and growing markets in the world.
Combine this with the fact Panama has a huge talent pool and a great percentage of expert software engineers, and you’ve got a perfect location to outsource your software development processes.
But again, what does this mean for you, and how it can benefit you?:
Panama has a competitive cost and price ranges that offer a great solution for companies from USA and Canada looking for cost effective nearshore services.
Get access to top notch technologies and knowledge from expert software engineers.
Reduce outsourcing risks by not having to deal with drastically different time zones or language barrier (Most nearshore companies in Panama, like us, have a well prepared team that can fluently speak English, reducing language barrier problems).
In conclusion, if you’re looking for a nearshore solution for your next software development project, Latin America (and specifically, these 3 countries) are the answers to your prayers.