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Leading global research firm, supported by Egyptian Government Agency ITIDA (Information Technology Industry Development Agency), assesses the IT, business processes and engineering research & development potential in Egypt. This drives maximum operational and financial performance and transformative experiences.
CONTENTS Why should you choose offshore software development? The pandemic era: reimagining software development The world’s population of software developers expands Top offshore destinations to choose from India China Poland Ukraine Romania Argentina Brazil Putting it all together. Understanding Offshore Development eBook.
CONTENTS Scaling in a competitive market How you can hire dedicated developers Be clear about your requirements Conduct structured interviews Perform rigorous technical tests Streamline the hiring process Assess cultural compatibility Attract and motivate candidates Partnering with an offshore development expert. from 2022 to 2030.
Perhaps it’s no wonder that more companies are investing in various offshore models to overcome these skills shortages. This is predicted to grow by 2030, contributing to the massive unrealised revenue across Europe. According to the Luxembourg Chamber of Commerce, the country needs an additional 50% of its workforce by 2030.
According to Allied Market Research, the global manufacturing market will reach €1400bn by 2030. In this era of digitalisation, businesses must hire talented software engineers to help adopt a laser-focused strategy that prioritises impact, speed, and scalability. Build an offshore development team. LEARN MORE.
Distributed development — the idea of having engineers in remote locations working together — is one possibility for the future of software development. This is where offshore teams can offer several benefits. Build your offshore development centre in the Silicon Valley of Asia. Want to increase innovation and deliver at speed?
STEM-focused education – The African Union (AU) has repeatedly reinforced its commitment to science, technology, engineering, and mathematics (STEM) education among member countries. trillion by 2030, according to market forecasts. What factors have changed the perception of African talent and delivery sites? trillion by 2025 and $2.5
CTOs, VPs of Engineering, and other tech leaders take two routes when looking for the right talent to fill their business needs. Engineers in tech hubs like Bangalore offer the same or better quality than their counterparts in Silicon Valley. million engineers graduate from top tech universities in the country yearly.
The Next Chapter in India’s GCC Story: Integrated Global Organizations We believe that by 2030, India Global Capability Centers (GCCs) will cease to exist in their current form. With several companies already having strong product and engineering leaders in India, we will soon see more centers becoming hubs of breakthrough innovations.
In 1985, Texas Instruments did something that no other organization had done before – they set up Global Capability Center (GCC) or an offshore center in India , sparking a trend. Many other big names like IBM, Accenture, and Microsoft started thinking, “Hey, maybe we should try offshoring, too.”
This, in turn, has made the concept of offshore development increasingly popular. For instance, by building an engineering team in an emerging tech hub like India, companies in the West can scale at speed and build innovative products and services without the sky-high operational costs of hiring local engineers.
It’s been reported over two million manufacturing jobs will sit empty through 2030, which could ultimately cost the U.S. This saves on shipping and logistics fees, especially compared to offshoring to China. With the “Great Resignation” gaining steam in the U.S., economy up to $1 trillion. and Mexico under the recently enforced USMCA.
between now and 2030 , EdTechs momentum is not slowing down. The need for more engineers in EdTech As EdTech continues to reshape the future of education, the demand for skilled engineers has never been greater. Offshore dev teams are a practical solution to this challenge. With a projected annual growth rate of 13.4%
Companies like Honeywell and Bosch recognized the potential of Indian talent and began entrusting their centers with more complex engineering tasks. These roles cut across functions like engineering, operations, product management and more. As the ecosystem matured, GCCs in India started to shift gears.
From Engineering and R&D to Shared Services, India has become a hub for offshoring, often functioning as the nerve center in hub-and-spoke models. As we look to the future, Zinnov estimates suggest that the number of global roles in India will touch a massive 30,000 by 2030.
However, Mexico continues to be a viable option with minimal risk and optimal reward, particularly when compared with offshoring to China. million unfulfilled jobs by 2030. Over 110,00 engineers graduate in Mexico every year. 1: Talent Level and Employee Availability. could result in 2.1 Over a million U.S. Over a million U.S.
In 2022, over 5,000 such roles emerged, with expectations for further growth by 2030. Adding to India’s emergence as a GCC powerhouse, driven primarily by its abundant skilled workforce, is the emergence of global roles within these centers.
Talent Powerhouses : India’s GCCs have become magnets for world-class talent across various domains, from engineering to analytics and beyond. By 2030, this number is projected to reach an impressive 30,000+, representing a compound annual growth rate (CAGR) of 25.1%.
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