15 Leading Offshore Software Development Companies in 2024

With the rapid development of offshore software development, more and more businesses are looking for reliable partners to optimize costs and improve product quality. Are you wondering which are the top companies that can bring the best value to your project in 2024? This article will introduce the top 15 offshore software development companies you should not miss this year, helping you easily choose the most suitable partner.

The Growth of Offshore Software Development

Offshore software development is the practice of outsourcing software development to other countries, often where costs are lower and expertise is comparable or higher. This model helps businesses save costs, increase access to global talent, and optimize the development process. 

Read more detailed Types of Software Development Outsourcing Models 

The offshore software development market has grown substantially over the past decade. Many businesses choose offshore software development companies because of the cost savings and access to global talent that offshore IT outsourcing offers

According to Straits Research, the global IT outsourcing market was valued at $342.60 billion in 2023. It is projected to grow at a compound annual growth rate (CAGR) of 9.3%, reaching $770.98 billion by 2032. Additionally, a survey by Deloitte revealed that 59% of businesses use outsourcing as a cost-cutting tool, while 57% reported that outsourcing allows them to focus on core business functions.

The benefits that offshore software development brings to businesses include saving on development costs, reducing time to market, and improving quality through collaboration with experts from many countries. 

15 Best Offshore Software Development Companies in 2024

MOR Software

MOR Software is one of the prominent offshore software development companies in Vietnam with a team of experienced experts in many fields. The company provides custom software development services, from mobile application development to high-end technology solutions.

• MOR Software excels in delivering tailored solutions, catering to the unique needs of each client.
• The company is certified in several industry-leading technologies, ensuring top-notch quality and security standards for projects.

Turing

Turing is one of the leading companies in offshore software development, outstanding with its global technology workforce search and management platform. This company makes it easy for businesses to access and recruit talented software engineers around the world.

• Turing’s AI-driven platform matches companies with highly skilled software engineers in record time.
• They offer seamless hiring processes, including global payroll and compliance management, to simplify international recruitment.

PixelCrayons

PixelCrayons is an offshore outsourcing software development company headquartered in India, specializing in providing software development, web design, and mobile application services. With over 16 years of experience, PixelCrayons has worked with over 5400 customers from around the world.

• PixelCrayons is known for delivering high-quality, cost-effective software solutions to clients across industries.
• The company has won multiple awards for its commitment to quality and innovation in software development.

ELEKS

ELEKS is known as a reputable offshore software development company, providing advanced technology solutions. The company stands out for complex projects in fields such as finance, healthcare and logistics.

• ELEKS has a strong track record of delivering successful projects for Fortune 500 companies.
• The company is certified in ISO 9001 and ISO 27001, ensuring both quality and security in its software solutions.

ValueCoders

ValueCoders, headquartered in India, specializes in providing software development services to startups, SMEs and large enterprises. With a team of more than 450 professional programmers, the company is ready to meet all customers' needs for offshore software development.

• ValueCoders is recognized for providing flexible engagement models and cost-effective solutions tailored to client needs.
• The company holds certifications in agile methodologies, ensuring efficient and timely project delivery.

FPT Software

FPT Software is a globally prominent technology outsourcing company in Vietnam providing software outsourcing, digital transformation, and IT solutions globally companies established in 1999. More than 10,000 skilled personnel certified with CMMI Level 5 and ISO 27001:2013 support customers with their inquiries and concerns. FPT Software also provides high-quality services worldwide, including in the United States, Japan, Europe, Australia, Vietnam, and the Asia Pacific.

It is a subsidiary of FPT Corporation, one of Vietnam's largest technology and telecommunications companies. Over the years, FPT Software has grown and expanded into the global market, establishing offices in the USA and other countries. 

Currently, FPT Software has over 42,000 employees and operates 81 branches across the world, showcasing its global reach and continued expansion.

Oxagile

Oxagile is an offshore software development company with many years of experience in the field of media and entertainment. The company provides high-end technology solutions to large businesses globally.

• Oxagile has successfully delivered numerous large-scale projects to clients in sectors like broadcasting, OTT, and digital advertising.
• The company is certified in media-specific technologies, making it a trusted partner for complex media solutions.

Intellias

Intellias, headquartered in Ukraine, specializes in providing custom software development solutions to a variety of industries, including automotive, finance and telecommunications. The company stands out in the field of offshore software development.

• Intellias has received ISO certifications for quality and information security management, ensuring compliance with international standards.
• The company is well-regarded for its expertise in delivering real-time embedded software for the automotive sector

iTechArt

iTechArt is an offshore software outsourcing company with over 15 years of experience. The company is famous for its custom software development services and a team of highly qualified professionals.

• iTechArt offers dedicated development teams that provide scalable, high-quality solutions tailored to client needs.
• The company is recognized by Inc. 5000 as one of the fastest-growing private companies in the U.S.

Infosys

Infosys, one of the world's largest technology corporations, provides offshore software development services to thousands of businesses. With a global team of experts, Infosys is the top choice for large technology projects.

• Infosys is CMMI Level 5 certified, a prestigious designation demonstrating its capability to deliver high-performance software solutions.
• With a global network of innovation centers, the company offers cutting-edge AI, automation, and cloud computing solutions.

EPAM Systems

EPAM Systems, headquartered in Belarus, specializes in providing software development and technology consulting services. The company is famous for its ability to provide innovative and effective solutions in the field of offshore software development.

• EPAM is a recognized leader in product development and has been listed on the Fortune 100 Fastest-Growing Companies list.
• It has a strong focus on R&D, particularly in cloud and big data technologies.

Altoros

Altoros is an offshore software development company focused on cloud and big data solutions. With a team of global experts, the company helps customers make the most of modern technology to develop their business.

• Altoros specializes in developing scalable cloud platforms using modern technologies like Kubernetes and microservices.
• The company’s certified engineers help clients harness the power of data analytics for business decision-making.

ScienceSoft

ScienceSoft has more than 30 years of experience in the field of offshore software outsourcing. The company provides software development solutions for a variety of industries, from healthcare to finance, meeting diverse customer needs.

• ScienceSoft is certified in ISO 13485, ensuring compliance in medical device software development.
• The company has received numerous accolades for its innovative and reliable software solutions.

Chetu

Chetu is a global offshore software development company that specializes in providing customized software solutions for a variety of industries. With a team of experienced technology experts, Chetu supports businesses from mobile application development to complex business management systems.

• Chetu specializes in developing custom solutions, from mobile apps to business management systems.
• The company has expertise in handling end-to-end development processes, backed by a team of technology-certified experts.

HData Systems

HData Systems is an offshore software development company specializing in data analysis and AI. The company helps businesses leverage data to make strategic decisions and improve business performance.

• HData Systems assists businesses in leveraging data-driven strategies for enhanced decision-making.
• The company offers custom AI solutions, empowering organizations to improve operational efficiency and performance.

Best Countries for Offshore Software Development

When choosing an offshore software development partner, the location can significantly impact the project's success. Countries like India, Ukraine, and Vietnam have become popular destinations due to their skilled workforce, competitive pricing, and favorable time zones. India, for instance, is known for its large pool of English-speaking IT professionals, while Ukraine offers a strong educational background in technical fields. 

When choosing an offshore software development partner, Vietnam emerges as one of the top destinations, bringing many outstanding advantages to the project. Vietnam not only possesses a highly qualified workforce with approximately 530,000 IT engineers but also has competitive costs compared to other countries. Vietnam is in the top 5 countries providing the largest software outsourcing services in the world.

In addition, strong government support for IT exports and preferential tax policies have promoted the rapid development of the technology ecosystem in Vietnam. Vietnam also possesses a favorable geographical location, with time zones close to many developed countries such as Japan and Australia, creating conditions for global businesses to easily work with partners here.

In 2024, Vietnam will continue to be considered the top choice for businesses looking for offshore solutions thanks to reasonable costs, a quality workforce and high adaptability to modern technologies.

Many companies also offer the option to set up a dedicated offshore software development center, providing full-time teams to work exclusively on a company’s projects.

Common Challenges and respective solutions in Managing Offshore Software Development Teams

Since offshore software development teams operate in different countries, this may occur some certain challenges for both parties involved. To fully benefit from offshore outsourcing services, it is essential to find strategy to manage a remotely team. The following suggestions can help improve your practices.

• Communication Barriers

Language and cultural barriers can lead misunderstand project requirements. This requires empathy and patience from both parties.

To overcome communication barriers, it is necessary to establish clear communication channels and rules. Regular video meetings, detailed documentation, and the use of project management tools such as Slack or Microsoft Teams can help ensure that all parties are on the same page. The spirit of being willing to support each other and not engaging in criticism is also an important note.

• Time Zone Differences

Time zone differences can cause difficulties in coordinating work and meeting online. To solve this problem, a clear and flexible work plan is needed. To address time zone differences, businesses can adopt flexible work schedules to create time overlap between onshore and offshore teams. Using asynchronous work tools such as Trello or Jira also helps teams stay updated on project progress without the need for real-time meetings.

• Project Management Complexity

Managing offshore software development projects is more complex than internal projects due to differences in culture, time zones, and languages. This requires a rigorous and effective project management process. Using project management frameworks such as Agile or Scrum can help streamline the process and ensure continuous collaboration between teams. Setting clear milestones, checking in regularly, and assigning local project managers will help reduce complexity and increase project oversight.

• Legal and Compliance Issues

Cooperation with offshore software development companies may encounter legal and compliance issues with international regulations. This requires close understanding and cooperation between parties to ensure proper compliance with regulations.

Working with offshore teams requires a focus on legal standards and regulatory compliance. Hiring legal counsel with knowledge of international law and ensuring your offshore partner complies with data protection regulations (such as GDPR or HIPAA) are important steps. Drafting clear contracts, outlining intellectual property rights, and confidentiality agreements will protect both parties from legal risks.

How to Choose the Right Offshore Software Development Partner?

Choosing the right offshore software development partner is important to ensure the success of your project. Here are the factors to consider:

Experience and expertise

Evaluate the company's skills and experience in the field you need. Review similar projects they have worked on to understand their capabilities.

Customer reviews

Consider reviews and feedback from previous customers. This helps you understand service quality and customer satisfaction levels.

Communication skill

Make sure the company has good communication skills, is fluent in the language you use, and can respond to your requests quickly. This helps avoid misunderstandings and ensures information is communicated accurately.

Expense

Compare costs between companies to find a partner with reasonable prices. Don't just focus on low cost but consider the value received and the quality of service.

Offshore software development rates by country can vary significantly, with countries like India and Vietnam offering some of the most competitive pricing, while Eastern European nations offer a mix of affordability and high-quality services.

Security

Make sure the company has strict security measures in place to protect your data. Ask the company for security certifications and review their security procedures before deciding to cooperate.

Finally, above is a list of the top 15 offshore software development companies in 2024, each company has its advantages and diverse ability to serve businesses globally. Choosing the right partner is an important key to ensuring the success of your technology project.