Mexico’s B2B software market is particularly strong and is expected to reach $7.9 billion USD by 2025. The country boasts excellent infrastructure and talent, making it one of the pillars of offshore or nearshore software development. US businesses especially benefit from nearshoring to Mexico due to the cultural and geographical proximity, making interactions relatively frictionless.
Hiring an offshore software development team can benefit early-stage startups in terms of cost savings, talent pool, flexibility, and faster time to market. Eastern Europe, Asia, and Latin America are popular destinations for offshoring due to their skilled workforce, competitive costs, and cultural compatibility with Western businesses. Startups should carefully consider each region's unique advantages and challenges to find the right offshore team for their needs.
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