It is a known fact that India tops the list of world’s favourite outsourcing destinations. Ample number of skilled resources, use of latest technology, time zone advantages and cost-effective services are just a few of the reasons for India’s popularity. But are other outsourcing locations far behind or are they catching up with India? Let’s look at the top five emerging outsourcing destinations and weigh their pros and cons:
Argentina is seen by many companies as an ideal location for outsourcing. This nation has a large labor pool of English-speaking programmers and professionals who are highly educated and tech-savvy. Argentina also has a robust telecom network, diversified industrial base and ample office-space. The country’s cultural similarities with the West make it an attractive outsourcing location. The government of Argentina has not done much for the outsourcing sector in the last decade. The country has also suffered economic problems related to external debt, capital flight, inflation and budget deficits.
Bulgaria is now becoming a competitive outsourcing provider, by rising above other outsourcing locations like the Czech Republic, Slovakia, Poland Russia, Hungary and the Ukraine. The country’s relatively low cost, strong education system, good production quality and cultural affinity with the West have made it a favorable location. Bulagarian developers are much sought after, as they are well-versed with C++, Java and open source. However, the cost of outsourcing to Bulgaria can be more costly when compared to outsourcing to Africa or the Middle East.