Hourly rates vary from country to country, since in your question you have not mentioned the country, I will give you country wise rates that will give a clear idea on how much to pay. One more thing is worth mentioning is that most countries are going through pandemic, many businesses have closed, and many are on the verge of closing, thus the rates may fluctuate.
1. Offshore Software Development in Eastern Europe: According to a report issued by AVentures Capital, Aventis Capital, and Capital Times at the beginning of 2019, Eastern European countries such as Ukraine, Belarus, Poland, and Romania are now among the top 5 global software development centres. The total volume of IT exports from these countries was about $13 billion. Here are some other numbers regarding the state of the IT industry in the region:
1. $5 billion: the profit of the 477 IT companies that participated in the research.
2. 700,000: the number of IT specialists in the region.
3. 60,000: the annual number of graduates from tech universities.
4. 20-25%: annual revenue growth in the region.
The average hourly rate for software developer talent in other Eastern European countries is as follows:
1. Belarus: $28
2. Bulgaria: $34
3. Croatia: $25
4. Czech Republic: $34
5. Hungary: $39
6. Poland: $40
7. Romania: $26
8. Ukraine: $37
2. Offshore Software Development in Ukraine: Conveniently located in the center of Europe, Ukraine has been attracting foreign investors since the late 1990s and early 2000s, when the first software outsourcing companies started appearing in the country. Here are some numbers and facts regarding the state of the IT industry in the country:
1. According to the State Statistics Service of Ukraine, in 2019, IT service exports from the country grew by 15%. Now it makes up 16% of the export of all services, which in total brought the country $15.23 billion.
2. According to HackerRank test results, Ukrainian developers are 11th in the world in terms of tech skills.
3. As of 2019, there were about 160,000 IT professionals in Ukraine employed at nearly 4,000 IT companies.
4. The country’s IT industry grows by about 26% a year.
5. The average Ukrainian developer hourly rate for software developer services in Ukraine is $26.
Clearly, there are many pros of outsourcing software development to Ukraine and it fairly earns its place in the rating of offshore software development rates by country.
3. Offshore Software Development in Latin America: According to IDC, the Latin American IT industry will be growing in 2020 despite political uncertainty and low economic growth. As predicted by Ricardo Villate, vice president of the consultancy for the region, the IT market will reach 4.8% in 2020. IDC reports an increase in business spending on technologies related to AR/VR, AI, IoT, 3D printing, cloud, security, and robotics.
The latest data shows that the average software developer hourly rate in Latin American countries as of 2020 is:
1. Argentina: $55
2. Bolivia: $30
3. Costa Rica: $40
4. Chile: $50
5. Mexico: $55
6. Peru: $35
7. Uruguay: $55
4. Offshore Software Development in Brazil: Brazil is the leading software outsourcing country in Latin America and South America. According to an earlier study by Agile Engine, Brazil is the country with the greatest number of software engineers in the region – over 400,000. Additionally, Brazil is in second place among the top 50 digital nations in the Tholons Services Globalization Index 2019. The average software developer hourly rate in Brazil in 2020 is $40.
Offshore Software Development in Asia: A pioneer of software outsourcing, Asia boasts the biggest number of offshore software developers as compared with other regions. In 2018, only in India, this number amounted to almost 3 million. China is also an attractive offshore development destination. Chinese developers are the first across all HackerRank challenges. The Chinese government supports the tech sector by offering economic incentives. For example, now there are more than 50 science and technology industry parks across the country. In the Philippines, Cebu City is the country’s fastest-growing IT industry with over 200 offshore companies and 95,000 tech positions to fill. The Philippines ranks 5th among the top 50 digital nations in the Tholons Services Globalization Index 2019, with the capital Manila being the world’s second super city.
The offshore hire rates in other Asian countries are as follows:
1. Bangladesh: $25
2. China: $25
3. Malaysia: $30
4. Nepal: $25
5. Philippines: $25
6. Sri Lanka: $25
5. Offshore Software Development in India: India is the leading software outsourcing country in Asia, also being a top digital nation in the Tholons Services Globalization Index 2019. Every year, more than 120K IT specialists graduate from the country’s tech universities. In 2016, India was nominated as the second country in the world with the greatest number of STEM graduates – 2.6 million. The average developer hourly rate in India is $30.
6. Offshore Software Development in Africa: Africa’s IT outsourcing market is only emerging, but it has already demonstrated rapid growth and is now attracting overseas clients. It is predicted that the increasing number of the region’s young population will drive demand for high-quality service sector jobs and the country will soon enter the list of the best countries to outsource software development. North Africa, specifically Egypt, Morocco, and Tunisia, has quickly become a key outsourcing destination thanks to the time zone compatibility with Europe and a small time zone gap with New York. Besides, Morocco and Tunisia attract clients from France because of the same language. North African programmers have expertise in technologies such as Python, Ruby, and SQL.
South Africa is another preferable destination thanks to insignificant time zone differences and high proficiency in languages such as English, German, and Dutch. Besides, the region is featured in the Tholons Digital Nations and Super Cities rankings. South African developers are skilled in C++, PHP, and SQL. East African Kenya has a particularly high concentration of programmers. The capital Nairobi is home to thousands of Kenyan businesses, and the city’s infrastructure encourages technical innovation among young businesses and start-ups. East African developers are well-versed in Java, SQL, and mobile development.
The recent data shows that the software engineer hourly rate in African countries is:
1. Egypt: $20
2. Kenya: $20
3. Morocco: $20
4. Nigeria: $40
5. South Africa: $40
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath