Nearshore vs. Onshore vs. Offshore Outsourcing
As the business world evolves, so do business methods. More and more companies are exploring outsourcing for projects than ever before. According to Capital Counselor, by 2025, the global IT outsourcing market alone will be worth $397.6 billion.
The push towards outsourcing offers many benefits for companies. Cost-saving, easier to find needed technical specialists, and many other perks drive businesses to outsource. Many people aren’t aware that outsourcing is subdivided into offshore, nearshore, and onshore outsourcing.
Offshore outsourcing cements the image of what most people picture for outsourcing — far away workers in different countries on projects, with time zone difference causing work to come in at odd hours. For example, India Standard Time is 12 and half hours ahead of Mountain Standard Time.
SOURCE In Time Tec