What is Offshore Product Development? What are its Benefits?

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What is Offshore Product Development? What are its Benefits?

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Wondering why more and more businesses are choosing offshore product development instead of maintaining all development activities in-house? This is because they know the benefits of Offshore product development go beyond the advantages of cost savings, access to specialised talent, and the ability to scale resources quickly. Hence, it makes sense to read and learn about offshore product development.

Offshore product development, as the name implies, simply means outsourcing the development of products to teams or companies located in different countries. This method of product development allows businesses to take advantage of lower labour costs, access specialised skills, and focus on their core competencies while managing development projects across geographical boundaries. India is the best example of a global hub for offshore product development, offering a vast pool of highly skilled IT professionals, competitive pricing, and a well-established infrastructure for technology and innovation.