Offshore LMS development is an appealing option for businesses, especially small enterprises, due to its potential for substantial cost savings and access to a wider talent pool. With the global market for outsourced software development expected to exceed $430 billion, companies recognize the advantages of collaborating with offshore teams. However, while outsourcing can reduce development expenses by 40-60% and offer expertise in eLearning technology, it also entails risks that could lead to project setbacks and additional costs. Organizations must carefully consider these factors before choosing the offshore route for LMS development.
Offshore LMS development offers significant cost savings, access to a global talent pool, and faster market entry, but comes with risks that can impact success.
The global market for outsourced software development reached $430 billion in 2023, reflecting a growing trend among businesses seeking cost-effective solutions.
While in-house development is costly due to various overheads, outsourcing to countries like India or Ukraine can drastically reduce expenses by 40-60%.
Offshoring provides access to experienced developers specializing in eLearning platforms, which local hires might not offer, enhancing the quality of the final product.
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