Offshore Software Development

This term has different meanings in different context, and when it comes to a country, means a jurisdiction that offers financial secrecy laws in an effort to attract investment from outside its borders. When referring to a financial institution, "offshore" refers to a financial institution that primarily offers its services to persons domiciled outside the jurisdiction of the country in which the financial institution is organized. When referring to offshore software development it refers to India.

The world is discovering the fact that India is a super power when it comes to offshore software development for IT solutions. Swept by the current of the latest trend "IT outsourcing to India", You can find many fortune 500 companies like Microsoft, Oracle, Citibank, Morgan Stanley, Wal-Mart, AT&T, General Electric, Reebok, General Motors, Sony, Boeing, Coca-cola, Pepsi, Swissair, United Airlines, Philips, IBM, Lucas and British Aerospace beneficiaries.

According to a report published by Frost & Sullivan, the Research and Development (R&D) outsourcing market for information technology in India is estimated to grow to $9.1 billion by 2010 from $1.3 billion in 2003-a Compounded annual growth rate of 32 percent.

Software development done offshore is unique of this new web-era. Many Companies outsource their software product development to offshore Development centers. Software development teams share a common mission – to Develop quality software that is to be delivered on time and within budget, which adds to the reputation of the software development firms offshore.