Hiring offshore development companies is a growing trend. The offshore software development market is projected to reach USD 175.30 billion by 2028, reflecting a significant increase in demand for these services. Offshore partnerships are becoming increasingly attractive as businesses seek cost-effective solutions and access to global talent.
Emerging technologies like generative AI and big data have fueled the demand for offshore web design and development. These technologies often require specialized skills that are more readily available in offshore technology companies.
Join us as we explore the 15 best offshore software development companies and discover how they can benefit your business.
Table of Contents
What is Offshore Software Development?
Offshore software development is a strategic approach where businesses outsource custom software development tasks to offshore development companies in different countries. It’s more than just cost-cutting; it’s about harnessing the benefits of a global talent pool, achieving round-the-clock productivity, and fostering innovation through diverse perspectives.
Why Choose Offshore Software Development?
Are you looking for skilled developers at a great price? Offshore development companies might be the solution. Businesses worldwide are turning to offshore teams to access top talent and save money. The decision to choose offshore software development comes with several compelling reasons:
- Cost Savings: Access skilled developers at competitive rates.
- Global Talent Pool: Tap into diverse expertise from around the world.
- Scalability: Easily adjust your team size to meet project needs.
- Focus on Core Activities: Let offshore teams handle development while you focus on strategic business goals.
- Shorter Timelines: Collaborate across time zones for continuous progress.
Top 15 Best Offshore Development Companies in 2024
Let’s explore the 15 best offshore software development companies that you should consider partnering with this year:
1. Exoft
An offshore development center, Exoft is a seasoned healthcare software development company with over a decade of experience. They specialize in creating solutions tailored to the unique challenges of the healthcare industry.
Key Strengths:
- Healthcare Focus: Exoft’s deep understanding of healthcare workflows, compliance, and patient safety sets them apart.
- High-Quality Development: They deliver robust and secure EHR designed for modern healthcare environments.
- Client Partnerships: Exoft builds strong relationships with clients to understand their specific needs and deliver tailored solutions.
Notable Achievements:
- Enhanced Patient Safety: Exoft’s EHR systems have significantly reduced medication errors and improved data documentation.
- Streamlined Workflow: Their solutions improve efficiency by providing healthcare providers access to critical patient information.
- Global Impact: Exoft has completed 150 projects worldwide, demonstrating its reach and influence.
Exoft is the ideal partner for healthcare organizations seeking a software development company with a deep understanding of industry-specific challenges. Their expertise in creating tailored solutions that enhance patient care, improve efficiency and ensure compliance makes them a valuable asset for any healthcare provider.
2. PsiberTech Solutions
PsiberTech Solutions is a leading Singaporean software development company with a strong track record of delivering innovative solutions. Founded in 2006, they have established themselves as a trusted partner for businesses seeking cutting-edge software development services.
Key Strengths:
- Bespoke Software Development: PsiberTech specializes in crafting tailored software solutions that address specific business needs.
- Industry 4.0 Expertise: They leverage emerging technologies like AI, IoT, and automation to create impactful solutions.
Why Choose PsiberTech:
- Fortune 500 Clientele: Among offshore development companies, very trusted by major corporations for their software development needs.
- User-Centered Approach: Prioritizes creating solutions that solve real-world problems and improve user experiences.
- Agility and Adaptability: Stays up-to-date with the latest tech trends to deliver innovative solutions.
Notable Achievements:
- ISO 9001:2015 Certification: Demonstrates their commitment to quality and excellence.
- Legacy System Transformations: Proven expertise in modernizing legacy systems.
- Vertical Diversity: Serves a wide range of industries, showcasing their versatility.
Choose PsiberTech if you seek a partner that combines technical prowess with adaptability. Whether it’s software development, cloud migration, or process automation, PsiberTech delivers excellence.
3. Web Synergies
Web Synergies is a leading technology services company headquartered in Singapore. They offer many services, including IT and OT solutions, cloud services, and enterprise data management.
- Employee Count: Approximately 91 employees in Singapore, with a total of 70+ IT specialists in Singapore and over 150 IT team members based in India.
- Client Base: Served more than 600 clients
- Phone: (656) 603-5160
Key Strengths:
- Integrated IT and OT Solutions: Provides comprehensive solutions for seamless business operations.
- Cloud Services: Offers scalable and cost-effective cloud solutions.
- Enterprise Data Management: Helps organizations unlock the value of their data.
- Innovation-driven: Continuously seeks out new technologies and approaches to solve complex challenges.
Notable Achievements:
- Partnership with Yokogawa: Collaborates with a global leader in industrial automation and control.
- Geo-Expansion Plans: Expanding operations to the Middle East, Europe, and North America.
Web Synergies can provide tailored solutions to address your unique needs if you require a wide range of services and operate in industries such as manufacturing, healthcare, or finance.
4. InfoStride Singapore
InfoStride is a rapidly growing global technology solutions company specializing in end-to-end hybrid app development. They offer various offshore development services, from core strategy to implementation, ensuring seamless and high-performing hybrid apps.
Key Strengths:
- Hybrid App Development: Creates scalable and responsive hybrid apps across multiple platforms using leading frameworks like Ionic, PhoneGap, and Xamarin.
- Seamless Integration: Integrates third-party plugins and APIs for enhanced functionality.
- Design Excellence: Focuses on user experience and delivers visually appealing and intuitive apps.
- Migration Expertise: Migrates existing native apps to hybrid platforms for cost savings and improved user experience.
- Comprehensive Support: Offers ongoing application support and maintenance.
- Growth Marketing: Provides growth marketing services to help businesses reach their target audience and increase app adoption.
Why Choose InfoStride:
- Superior Resources: InfoStride provides exceptional resources and proactive guidance throughout development.
- Comprehensive Approach: They offer a full range of services, from initial strategy to ongoing support.
- Focus on User Experience: InfoStride delivers visually appealing and user-friendly apps.
Notable Achievement:
Unlike offshore development companies, clients praised InfoStride for their superior resources and proactive guidance, highlighting their value as a software development partner.
5. Vinova
Vinova is a Singapore-based IT solutions company with a global presence. They offer various services, including mobile app development, web development, and UI/UX design.
- Serves over 250 clients worldwide
- Global Talents: 200 +
- End-to-end Projects: 300 +
Key Strengths:
- Cost-Effective Solutions: Provides high-quality solutions at competitive prices.
- Mobile App Development Expertise: Has a successful track record of developing Flutter apps for renowned brands.
- Branding and Design: Focuses on creating visually appealing and user-friendly interfaces.
Why Choose Vinova:
- Global Reach: Serves clients worldwide, offering an international perspective and expertise.
- Quality and Performance: Delivers high-quality solutions that meet client expectations.
- Innovation and Growth: Demonstrates a commitment to innovation and sustainable growth.
Notable Achievement:
- Financial Times High-Growth Companies APAC 2024: Recognized for its impressive revenue growth and dedication to excellence.
By choosing Vinova, you can access a dedicated team of experts committed to delivering high-quality, innovative solutions that meet your specific needs, from E-commerce Businesses to Real Estate and Property Management Firms.
6. NCS Group
NCS Group is a leading Singaporean technology company with a long history of providing innovative solutions to the public and private sectors. They offer a comprehensive suite of digital services to help organizations transform their operations and achieve their goals.
- Employee Count: The company employs over 5,000 professionals.
- Global Presence: NCS operates across Asia Pacific, with offices in several countries including Singapore, Malaysia, and Australia.
Key Strengths:
- Digital Solutions: Provides various digital solutions to streamline processes, enhance customer experiences, and enable data-driven decision-making.
- Smart City Initiatives: Contribute to the development of smart cities through intelligent infrastructure and citizen-centric services.
- Technology Consulting: Offers strategic guidance and expertise to help organizations navigate complex technological landscapes.
- System Integration: Ensures seamless integration of disparate systems to achieve business goals.
Notable Achievements:
- AI-Digital Resilience Matrix: Developed an innovative framework for organizations to assess their AI adoption and digital resilience.
- Event-Driven Smart Cities: Champions event-driven architecture for real-time data tracking and analysis in smart cities.
Why Choose NCS Group:
NCS Group offers comprehensive services, from digital solutions to innovative city initiatives and technology consulting. By choosing NCS Group, you can benefit from their expertise, innovation, and dedication to building a better future.
7. Fiuu (formerly Razer Fintech)
Fiuu, formerly Razer Fintech, is a dynamic fintech company focused on powering future payments. As a standalone subsidiary of Razer Inc., Fiuu offers innovative payment solutions for businesses and individuals.
Key Strengths:
- Innovative Payment Systems: Develops cutting-edge payment solutions that redefine user experiences.
- Digital Banking Services: Offers a comprehensive range of financial services beyond traditional payments.
- Global Reach: Serves over 50,000 Southeast Asian merchants with billions of dollars in processed transactions.
Why Choose Fiuu:
- Innovation: Fiuu is at the forefront of fintech innovation, developing new and exciting payment solutions.
- Security: Prioritizes security and data protection to ensure a safe and reliable experience.
- User-Centric Design: Creates payment solutions that are easy to use and meet users’ needs.
Notable Achievements:
- Singapore’s Best Managed Companies 2022: Recognized for its excellence in business management.
- LED-enabled Razer Card: Collaborated with IDEMIA to create a groundbreaking payment solution.
8. Accenture Singapore
Accenture is a leading global professional services company with a strong presence in Singapore since 1975. They offer a wide range of services, including strategy, consulting, digital, technology, and operations, among the top offshore development companies in the APAC regions.
- Employee Count: Over 4,010 employees in Singapore.
- Serves over 250 clients
- Phone: +65 6410 8000
- Fax: +65 6410 8008
Key Strengths:
- Broad Range of Services: Addresses various business needs, from strategy to technology implementation.
- Innovation Hubs: Offers access to innovation hubs focused on areas like smart cities and AI.
- Global Impact: Serves a diverse client base across industries and regions.
Why Choose Accenture:
- Industry Leader: Recognized as a leading management consulting firm by Forbes.
- Innovative Solutions: Offers innovative solutions for digital transformation and AI adoption.
- Global Expertise: Benefits from a worldwide network and diverse team of experts.
Notable Achievements:
- AI-Digital Resilience Matrix: Developed a framework to help organizations embrace AI while building resilience.
9. Cognizant Technology Solutions
Cognizant Technology Solutions Corporation is a multinational technology services and consulting company headquartered in Teaneck, New Jersey. With a global footprint, Cognizant is an offshore development center, dedicated to helping organizations improve how they work and live by harnessing the power of technology and innovation.
- Established: Cognizant was founded in 1994.
- Employee Count: The company employs over 350,000 professionals globally.
- Global Presence: Cognizant operates in more than 40 countries, with a significant footprint in North America, Europe, and Asia.
- Phone: (201) 801-0233
Key Services
Cognizant offers a comprehensive suite of services, including:
- Consulting: Strategic insights, business transformation, and process optimization
- Digital Solutions: Intuitive, data-driven, and customer-centric experiences
- Technology Services: Implementation of cutting-edge technologies, such as cloud computing and artificial intelligence
- Operations Services: Streamlining processes and enhancing efficiency
Cognizant has a strong presence in the Asia-Pacific region, serving clients across various industries, including banking, insurance, healthcare, and more. Their deep understanding of local markets and regulatory environments enables them to deliver tailored solutions that meet specific business needs.
Notable Achievements:
Cognizant has received numerous accolades for its excellence in technology and innovation, including:
- ISG Star of Excellence Awards
- Best Achievement in Technology Enabled Process Automation award
Cognizant differentiates itself by combining human empathy with machine speed. This unique approach allows them to create meaningful solutions that address the complex challenges facing businesses today. Whether it’s improving customer experiences, optimizing operations, or driving digital transformation, Cognizant is dedicated to helping clients achieve their goals.
10. FPT Software
FPT Software, headquartered in Vietnam, is a leading global technology services provider renowned for its commitment to innovation, excellence, and cutting-edge solutions. FPT Software has established itself as a critical player in the technology industry and has a strong presence in Southeast Asia and beyond.
- Established: FPT Software was founded in 1999.
- Employee Count: The company employs over 16,000 professionals globally.
- Global Presence: FPT Software operates in more than 26 countries, with offices across Asia, Europe, and North America.
- Phone: (+84) 243 768 9048
Key Services
As one of the top offshore technology companies, FPT Software offers a wide range of services, including:
- Software Development: Custom software development, application modernization, and digital transformation
- Cloud Computing: Cloud migration, optimization, and management services
- AI Solutions: Intelligent systems powered by advanced AI and data analytics
FPT Software serves various industries, including finance, healthcare, manufacturing, and logistics. With a global network of offices, FPT Software collaborates with clients worldwide, including Fortune 500 companies, startups, and governments. Their international reach and experience make them a trusted partner for businesses operating in various markets.
Notable Achievements
FPT Software has received numerous accolades for its exceptional work, including:
- Triple Wins at 2024 Globee® Awards: Gold Globee® Winner for IT Solutions for Insurance, Gold Globee® Winner for Robotic Process Automation (RPA), and Silver Globee® Winner for Platform as a Service (PaaS)
- Microsoft Azure Advanced Specialization: Demonstrates expertise in AI/ML and Kubernetes on Microsoft Azure technologies
FPT Software’s commitment to excellence, innovation, and customer satisfaction in web design and development sets them apart from other offshore development companies. Whether optimizing processes, securing data, or creating AI-driven breakthroughs, FPT Software is dedicated to delivering exceptional value to its clients.
11. Singtel Innov8
Singtel Innov8 Ventures is more than just a corporate venture capital firm. Among offshore development companies, it’s a strategic partner for tech startups. As part of the Singtel Group, Innov8 combines investment with development support, creating a unique ecosystem for growth, landing it in our top 15 offshore outsourcing companies.
Key Strengths:
- Investment in Innovation: Focuses on investing in startups aligned with Singtel Group’s strategic areas, including 5G, AI, digital economy, sustainability, cybersecurity, and emerging technologies.
- Global Reach: Has a global presence, enabling startups to access diverse markets and talent.
- Strategic Partnership Connect: startups with Singtel Group’s business units, customers, and partners for growth opportunities.
Why Choose Singtel Innov8:
- Investment and Support: Receive both financial investment and strategic guidance.
- Global Exposure: Gain access to diverse markets and expand your reach.
- Strategic Partnerships: Leverage Singtel Group’s network for business opportunities and growth.
Success Stories:
- SenseTime: Innov8’s investment in SenseTime has contributed to its AI and computer vision success.
- Carro: Innov8 has been a valuable partner in Carro’s growth and success in the B2C communications market.
- BitSight: Innov8’s long-term investment has supported BitSight’s expansion into global markets.
Singtel Innov8 is a strategic partner for tech startups seeking investment, support, and access to a global network. By partnering with Innov8, startups can benefit from their expertise, resources, and connections to accelerate their growth.
12. Deloitte Digital
One of the top offshore outsourcing companies currently, Deloitte Digital, a division of Deloitte Consulting LLP, is a leader in digital transformation. They help organizations leverage technology to create sustainable value and achieve business goals.
- Clients in over 150 countries
- more than 10,000 professionals globally
- Phone: +1-206-633-1167
Key Strengths:
- Strategic Approach: Views digital transformation as a strategic initiative, focusing on creating business advantages rather than simply adopting technology.
- Common Language for Transformation: Emphasizes the importance of a shared understanding of digital strategy across the organization.
- Digital Maturity and Resilience: Demonstrates the link between digital maturity and financial success.
Why Choose Deloitte Digital:
- Strategic Guidance: Provides expert guidance on developing and implementing a digital strategy.
- Proven Results: Has a track record of helping organizations achieve significant business outcomes through digital transformation.
- Global Expertise: Offers a global network of experts with deep industry knowledge.
Notable Achievements:
- Valuation Impact: Demonstrated the positive impact of digital strategy on company valuation.
- Global Influence: Shapes how organizations approach digital acceleration and strategy worldwide.
13. TCS (Tata Consultancy Services) Singapore
Tata Consultancy Services (TCS) is a global IT services and consulting company with a strong presence in Singapore. They offer various offshore development services, from technology consulting to digital transformation solutions.
- 105,000 Customers
- Address: 60 Anson Road, #18-01 Mapletree Anson, Singapore 079914
- Phone: (65) 6372 4823
- Fax: (65) 6636 8518
Key Strengths:
- Innovation: TCS is committed to research and development, staying at the forefront of emerging technologies.
- Sector Expertise: Serves diverse industries, providing tailored solutions to meet specific needs.
Why Choose TCS:
- Innovation: Benefit from TCS’s expertise in emerging technologies like AI, blockchain, and cloud solutions.
- Industry-Specific Solutions: Get solutions tailored to your specific industry and needs.
Notable Achievements:
- IoT Breakthrough Award: Recognized for their innovative IoT solutions.
- Superbrand Status: Acknowledged as a leading brand in Singapore.
- Market Leadership: Surpassed Accenture as the world’s most valuable IT business.
The TCS Difference:
TCS has a long history of innovation and success compared to its rival offshore development companies. They are committed to helping businesses transform and achieve their goals through technology. You can benefit from their expertise, global reach, and commitment to excellence by choosing TCS.
14. Tech Data Corporation
Tech Data Corporation is a leading global distributor of IT products and services among outsourced software development companies. Founded in 1974, they have a strong track record of enabling technology manufacturers and resellers to successfully deploy their solutions.
- Co-workers: 23,000
- Countries: 100+
- Best-in-class technology partners: 1,500+
- Customers: 150,000+
- Address: Address: 6 Temasek Boulevard, #20-03/05 Suntec Tower 4, Singapore 038986
- Phone: +65 6295 1788
Key Strengths:
- Broad Range of Services: Offers various vendor-specific and cross-platform support services.
- Global Reach: Serves clients worldwide through their extensive network.
- Supply Chain Expertise: Ensures efficient distribution and delivery of IT products.
Why Choose Tech Data:
- Global Leadership: Recognized as a leader in the IT distribution industry.
- Comprehensive Services: Provides a wide range of services to support technology manufacturers and resellers.
- Efficient Supply Chain: Ensures timely delivery and distribution of products.
Notable Achievements:
- Fortune 500 Ranking: Recognized as one of the world’s most admired companies.
- Global Presence: Serves clients across continents, demonstrating their extensive reach.
15. Eleks
One of the top offshore development companies in the global market, ELEKS is an international software engineering company headquartered in Tallinn, Estonia. With nearly three decades of experience, they offer a wide range of custom software development services.
- 120+ Active client accounts
- Specialists: 2000+
- End-to-end projects: 1000+
- Location: Kursi 3, 10415 Tallinn, Estonia
- Phone: +372-674-3621
Key Strengths:
- Full-Cycle Software Engineering: Provides end-to-end services, from ideation to implementation and support.
- Innovation-Driven Approach: Stays at the forefront of emerging technologies to deliver cutting-edge solutions.
- Global Clientele: Serves a diverse range of clients across industries and regions.
Why Choose ELEKS:
- Comprehensive Services: Benefits from a full range of software development services, from concept design to ongoing support.
- Innovation: Leverages emerging technologies to create innovative and effective solutions.
- Global Reach: Works with clients worldwide, offering a global perspective and expertise.
Notable Achievements:
- Industry Recognition: Has received accolades for its software engineering and innovation excellence.
- Strategic Partnerships: Collaborates with clients to provide strategic guidance and support.
Optimal Offshore Software Development Outsourcing Process
When considering your selection for outsourced software development companies, follow these key steps:
1. Gather Requirements: Clearly define your project objectives, functionalities, and success criteria, documenting them comprehensively to avoid misunderstandings.
2. Select a Team: Choose a team with relevant skills, experience, and cultural fit, ensuring effective communication by selecting a team proficient in your preferred language.
3. Create a Project Plan: Define project scope, timelines, milestones, resource allocation, and risk mitigation strategies, collaborating with your offshore team to ensure alignment.
4. Establish Effective Communication: Schedule regular meetings and use collaboration tools while being mindful of cultural nuances to foster effective communication.
5. Provide Feedback and Monitor Progress: Use an iterative approach with frequent reviews, address issues promptly and openly, and monitor key performance indicators (KPIs).
6. Conduct Thorough Testing and Deployment: Ensure rigorous unit, integration, and user acceptance testing before carefully deploying the solution to the production environment.
How Much Does It Cost to Hire an Offshore Software Development Company?
The cost of hiring an offshore software development company in Singapore and the broader Asia-Pacific region in 2024 is influenced by several factors:
Singapore:
- Hourly Rates: $30-$70 per hour
- Monthly Salaries: $3,000-$7,000 per month
Asia-Pacific Region:
- Vietnam: $20-$50 per hour
- India: $25-$50 per hour
- Philippines: $20-$40 per hour
- Malaysia: $25-$45 per hour
Key Factors Influencing Costs:
- Project Complexity: More complex projects requiring specialized skills will generally cost more.
- Developer Expertise: Senior or specialized developers may have higher rates.
- Location: The cost of living in the developer’s location affects hourly rates.
- Technology Stack: Popular technologies with a larger talent pool are more cost-effective.
Popular Offshore Software Development Trends in 2024
The offshore software development landscape is evolving rapidly, with several key trends emerging in 2024:
- Agile and DevOps Adoption: Agile methodologies and DevOps practices are becoming standard for efficient and collaborative development.
- AI and Automation: AI tools automate various aspects of software development, improving productivity and reducing errors.
- Cybersecurity and Data Protection: Companies prioritize security measures to safeguard sensitive information.
- Specialized IT Outsourcing: There is a growing demand for niche expertise in blockchain, IoT, and AI-driven applications.
- Low-Code and No-Code Development: These platforms enable faster application development with minimal coding.
- Cross-Platform Development: Frameworks like React Native and Flutter are gaining popularity for developing applications across multiple platforms.
- Nearshore Outsourcing: Companies are exploring nearshore outsourcing for better collaboration and communication.
- Cloud-Native Development: Building solutions on cloud infrastructure for scalability and efficiency.
- Remote Work Culture: The shift towards remote work has increased reliance on international remote teams.
- Business Process Automation: Companies automate business processes to enhance efficiency and reduce costs.