Egypt is quite actively gaining popularity as one of the top outsourcing countries. As the Coursera Global Skills Report shows, the country takes 53rd place out of 108 selected, reflecting the level of IT performance. It is Africa's second-largest economy, with a nominal GDP of $394 billion in 2021. Cairo, Egypt's capital, is one of the top global cities for outsourcing.
Egypt also appears on HackerRank's list of the top 50 software development countries, holding the 42nd spot. Egypt's company has spent towards the establishment of STEM-focused schools, which has resulted in a significant workforce of digital employees. Also, as English is taught across many Egyptian schools, communicative obstacles ought to be minor while working with Egyptian employees. The reasons why Egypt is one of the best outsourcing countries:
- The approximate number of skilled developers is 150 thousand.
- Convenient time zone GMT + 2.
- Average wage by the hour $25-$40.
- EF EPI score: 455.
- Egypt has a thriving economy and a well-developed financial system.
Benefits of Software Development Outsourcing
Reason #1. Minimized Labor and Operations Costs
Deloitte's study claims that about 59% of businesses prioritize outsourcing in order to cut costs of product development. How does it work?
First of all, you literally just pay for the work itself. Usually, this cost is calculated based on the staff's labor rate by the hour, skills, and the duration of the project. In addition, you do not need to take care of the office, and maintenance equipment, and no need to pay for health insurance and vacations.
Secondly, you can save a huge amount of time and onboarding costs, since you will not need to hire and employ additional people during the development of your software.
Reducing these costs will help your project succeed as it opens up the possibility for you to invest extra costs in the business product.
Reason #2. An Ability to Hire a Full Team or Separate Specialists
By outsourcing your project, your opportunities are broadly unlocked, because you can outsource whatever service you need whenever you want. Depending on the capabilities of your business, you can choose whether it is more convenient for you to hire a whole team or individual specialists.
Reason #3. Involvement of Qualified Experts
The presence of an expert on your team can steer your project in the direction of success, and the lack of it in the direction of failure. By outsourcing your project to an expert development crew with good engineering expertise, dedicated trouble-shooting, excellent communication, and a robust portfolio, you can be sure that this strong team will bring the software solution up to a new level.
Moreover, bringing in an outside viewpoint is frequently beneficial. A specialist who isn't affiliated with the organization might just possess fresh methods plus concepts for the offer, so they may be better at recognizing flaws within the existing software development strategy.
Reason #4. No Adaptation Period
The company's IT outsourcing department is usually fully staffed with teams of all the necessary specialists. Delegating the project in-house, you run the risk that the new employees will slowly understand and adapt, familiarizing themselves with the new team, which can delay the lines of development.
Reason #5. Fewer Risks
By outsourcing your project you can minimize the risk of disaster. How? It's very simple because an experienced and well-coordinated development team knows exactly how to manage setbacks and avoid delays.
Reason #6. Focus on the Main Business Tasks
Companies that outsource development teams employ a number of various project execution and monitoring methods, like Waterfall or Scrum. The customer can ask any questions about the specifics or the stage of execution, however, full involvement is low. You may concentrate on the following company responsibilities instead of managing your software development.
Does Outsourcing Benefit Developing Countries?
- Outsourcing contributes to a more rapid economic evolution in developing countries by attracting a large amount of external capital into the country.
- Outsourcing may help solve some of the country's social dilemmas by stabilizing and transforming society.
- People might benefit from outsourcing by gaining access to well-paying occupations that would otherwise be unavailable to them.
To Sum Up
The advantages of IT outsourcing are rather vivid, actually, that’s the reason why companies like Amazon, Google, and WhatsApp have trusted this approach for years. The number of countries where you can outsource securely, cost-effectively, and receive high-quality end-products is rather big nowadays. By choosing a partner with strong technical expertise, cultural proximity, and industry experience, you will definitely succeed.
At inVerita we’ve been building a trusted partnership with companies from different parts of the world, always delivering in time and with the best quality. If you’re currently looking for an outsourcing vendor, check our clients’ reviews on Clutch, or you can directly contact us.
