article thumbnail

Top Offshore Software Development Companies in 2024: Best Picks for Your Projects

Groove Technology

One of the primary advantages of offshore outsourcing is its cost-effectiveness compared to onshore or nearshore models. This stems from the lower labor costs prevalent in many offshore destinations. The global IT outsourcing market reached a substantial $92.5 However, this approach is not without its challenges.

article thumbnail

US Companies That Outsource And Remained Recession Proof

Magellan Solutions

It can be easy to assume that Apple does this to save up on labor costs, since labor tends to be cheaper in other countries. LinkedIn Corporation was founded in 2002 in California, where its headquarters are located to this day. Some of the components that make up an Apple device can only be made offshore.

article thumbnail

10 Big Companies That Outsource to India and Their Struggles

Magellan Solutions

One of them is the low labor cost. The purpose of outsourcing was the movement of work to cheaper labor in Indian markets. Dell set up its first center in Bangalore in 2001 and opened a second site in Hyderabad in 2002. General Electric (GE) . Microsoft, a technology company, takes advantage of this reason.