Global companies are increasingly interested in hiring software development companies in Latam, since they find certain benefits that they do not see in providers from other parts of the world and that is what we are going to discuss in this article.
“Two years ago, the Covid-19 pandemic provided an unprecedented opportunity for both US technology companies and Latin American developers. With a shared time zone and lower wages, the region has seen an increase in outsourcing companies that hire developers to work remotely for US-based companies", they said in an article by the Rest of World organization, who interviewed 18 businessmen from Latin America.
One of the biggest attractions that businesses have found in software development companies in Latam is that the region has a solid technological infrastructure and a broad talent base in the field of technology and software development. The academic training of software engineers in Latam is solid and they have experience in various areas, which makes them highly trained experts capable of facing complex challenges in projects.
The value for money of providers in Latam is also very interesting, operating costs are competitive compared to other regions, which allows companies to obtain high-quality services at a reasonable cost. This is especially beneficial in the case of companies that have a very tight budget and do not want to sacrifice the quality of their software.
The cost of living in Latam is significantly lower than in many other parts of the world, which means that software developers in the region can be hired for a fraction of the cost of developers in North America or Europe.
In addition, if companies decide to have a physical presence in Latin America, office rental costs are also affordable, since the modality of coworking spaces and shared offices is very latent in this region.
There is a large and growing pool of talented software developers in Latam, thanks to which companies can find developers with the skills and experience they need to complete their project, regardless of its size or complexity.
“The shortage of affordable software developers in the US market is the reason why 60% of US companies are now outsourcing at least part of their application development by 2021”, said an Acceleration report cited by the Jobsity portal.
Software development companies in Latam are usually very flexible and can adapt to the schedule of their clients in North America, which is ideal for companies that need to get their projects up and running quickly or that need to make changes to their projects regularly.
Latam countries share many cultural similarities with the United States and Europe, which can make it easier to collaborate with a software development company in Latam. This can lead to better communication and understanding, which can ultimately result in a more successful project.
“A similar culture is not just about having the same holidays, but rather about avoiding the business risks that different styles of communication between parties from different cultures can create”, they said in a LinkedIn article.
Many countries in Latin America are in the same time zones as the United States and Europe, which means that you can easily communicate with your development team during normal business hours. This can help keep your project on track and avoid delays.
Before you hire any company, be sure to do your research and read other customer reviews to make sure you are hiring a reputable company with a good track record.
Once you have found a software development company in Latam that meets your needs, make sure you get all the details that the collaboration will include in writing. This includes scope of work, schedule, budget, and payment terms.
It is important to communicate regularly with the team of the software development company in Latam throughout the project. This will help ensure everyone is on the same page and the project stays on track.
Software development can be a complex process, so it's important to be patient. There will be times when things don't go as planned, but with good communication and a clear understanding of the project, you can overcome any challenge.
Companies seek support from Latam providers due to the availability of qualified talent, cost-efficiency, geographic proximity, and adaptability. These factors make LatAm an attractive option for companies from different industries that seek to obtain high-quality technological services and maximize the value of their projects.
Do you need the support of a software development company in Latam? At Rootstack, we have +12 years of experience supporting companies in the development of their software projects. Contact us!