So far, we have talked several times about why you should outsource your software development projects to Latin America, and the key to success in software outsourcing in Latin America.

In those blogs, we mentioned how this region is fast becoming one of the largest outsourcing industries in the world, so much so that Forbes has a full report talking about the impressive growth of the outsourcing market in this region.

So today we are going to take a quick look at the top 3 countries for software outsourcing which using global expansion strategies in Latin America, and why you should choose to work with any of the near shore companies with global expansion strategies that are located there. Let’s start.

1: Brazil

If you take a second to read our previous blogs, you will notice that Brazil is the number one software outsourcing country in Latin and South America. It is the India of the region, so to speak.

According to a previous study by Agile Engine, Brazil is the country with the most software engineers in the region, with more than 400,000 software developers from Latin America currently working there.

We will not talk about the skill these developers have, as we have discussed it in a previous blog, which you can read here. A blog/report where we focus on how software developers from Latin America are having a positive impact on the region’s IT outsourcing market.

Why you should outsource in Brazil

Right now, Brazil is ranked No. 13 in the world’s top software outsourcing countries, and is No. 1 in the Latin American software outsourcing market, according to recent Top Coder statistics that you can check here.

Not only that, but according to a study carried out by Accelerance last year, Brazil was the country with the highest growth in the IT industry worldwide, even surpassing its direct competitors: China and Russia.

Now what does this mean to you? What benefits does it bring you? It means that you will be able to:

• Work with some of the world’s leading nearshore companies.
• Have access to world-class technology, professional software engineers, and a huge pool of talent to choose from.
• Participate in the third country with the best business environment (with a score of 49/79) and excellent global connectivity.
• However, outsourcing to Brazil is not as easy as it seems. Even though this outsourcing destination has become a popular one among US companies, there are two main drawbacks:
• The vast majority of software developers and engineers do not speak English, which makes finding a nearshore company with good language control extremely difficult and can lead to a problematic language barrier.
• Due to the massive size of the country and the creation of new IT outsourcing service companies, separating legitimate companies from scammers, especially for new and small companies that have never outsourced their software processes before, can be difficult.

2: Argentina

Just behind Brazil, comes Argentina. Ranked #14 among the best software outsourcing countries and #2 in the Latin America (and South America) region, Argentina is a country that should be recognized for what it is: an outsourcing giant.

With more than 100,000 software engineers currently working there, Argentina is the third country with the largest software developer community in Latin America (surpassed only by Brazil and Mexico).

It is worth mentioning that in the Hackerman Programming Olympics of 2016 and in the current report of this 2018, Argentina obtained an excellent score of 72.1/100, positioning itself as the third best country in Latin America (Exceeded by Brazil and Chile)

Why you should outsource to Argentina

If you are looking for fast results and excellent software solutions at a relatively low cost, Argentina is the right place to choose, especially if you consider that they have a very competitive market compared to the rest of Latin America.

In fact, Argentina’s economy relies heavily on technology services, as IT services, hardware and business process outsourcing is the largest sectors of the technology market in the country.

But again, these are just words, what do they really mean to you? It means that you can:

• Start working with some of the world’s leading offshore and near shore companies.
• Significantly reduce production costs as Argentina has one of the lowest software development rates in South America.
• Stop dealing with drastically different time zones or language barriers that could hinder the software outsourcing process.
• As for the downsides of outsourcing to Argentina, we could only mention the risk of being exposed to a fake or scam “cheap” near shore solution, but other than that, this country is a safe bet for everyone.

3: Panama

Last but not least, there is Panama. Located in Central America, this small country is still considered part of the Latin American software outsourcing market, and is actually seen as the next big outsourcing destination.

Thanks to the number of expert software developers currently working in different near shore companies, and the fact that Panama is one of the fastest growing major economies in the last couple of years, with incredibly technological advancement in the IT market, this region promises to be an outsourcing giant.

In fact, we have talked about this in two previous reports that you can consult here, and here. Two blogs in which we analyze in depth the current IT services and software outsourcing market in Panama.

Why you should outsource in Panama

Panama has an advantage that its other competitors do not: its location. Thanks to its proximity to the United States and the fact that they have always been a bridge in trade relations, Panama has one of the most stable and constantly growing economic markets in the world.

Combine this with the fact that Panama has a great talent pool and a large percentage of expert software engineers, and you have a perfect location to outsource your software development processes.

But again, what does this mean to you and how can it benefit you?

Panama has a range of competitive costs and prices that offer an excellent solution for US and Canadian companies seeking profitable near shore services.

Get access to world-class technologies and insights from expert software engineers.

It reduces the risks of outsourcing by not having to deal with drastically different time zones or language barriers (most Panama nearshore companies, like us, have a well-trained team that can speak English fluently, which reduces hassles). of the language barrier).

In conclusion, if you are looking for a nearshore solution for your next software development project, Latin America (and specifically, these 3 countries) are the answer to your prayers.