The cost of software development is different in every region! Read this article to know the cost of software development in North America, Europe, and Asia.
Today, the technological growth of businesses is no longer limited to a specific country, region, location, or residence. Now, businesses have myriad options to hire software developers from any corner of the world and aren't restricted to their specific area or region.
All credit goes to the technological advancement and online software development companies that offer all services online.
But, the software development cost varies from one region to the other. So, this article covers everything from the cost of software development services, software development cost by nation, and the best way to choose the right software development company.
Before we dive into the software development cost region-wise, let's discover the factors determining the cost for different regions.
Major Factors Affecting the Software Development Cost Region-Wise
Every region or country has some essential factors influencing the software product
development cost. A few of them are highlighted below -
1. Living Cost
In general, the software development cost will be higher in a nation where the cost of living and purchasing power is higher than the other regions.
Nations with a lower cost of living will charge less for software development. So, if you have a low software development budget, go for the nations that charge less.
2. Salary Range
The average and median salaries in the nation are used to calculate the pay range or salary range. You must convert salaries into a single global currency to compare wages between different geographical areas for your custom software development.
3. Demand & Supply
As with any industry, a tight demand and supply will result in increased costs and fierce competition from scarce resources. Due to the lack of IT professionals, it is particularly apparent in the US.
4. Taxation System
Each nation has its own tax laws. Right? While other nations put higher taxes on the IT sector, some are more tolerant of it and do not take higher taxes.
It may result in increased expenses for software development, or the cost might also decrease depending on the decision.
These are some factors that might influence the custom software development cost greatly. While considering these factors, businesses can successfully increase or decrease the development cost.
Now let's move to the region-wise cost of developing software.
Cost to Hire Software Developers in the US
Software development hourly rates in the US range from $38 to $36/hour. Although the software development cost is the US is quite high, the software developers in the US provide quality work.
Also, get an idea of the software development cost in the major US tech cities, as highlighted below –
- San Francisco - $62.5
- Chicago - $48.7
- New York - $59
- Boston - $57
- Los Angeles - $52.2
Cost to Hire Dedicated Software Developers in Latin America
The Latin America region can also be a good choice to hire software product development professionals. The average offshore developers cost in Latin America costs between $4 to $9/ hour.
Let's take a glance at the hourly developers' costs in different cities in Latin America.
- Colombia - $6.65
- Brazil - $7.56
- Mexico - $8.58
- Peru - $7.25
- Argentina - $6.49
Cost to Hire Custom Software Developers in Western Europe
Western Europe is considered one of the most expensive software development markets and is counted among the top software development countries. This region is more expensive than the US due to the high cost of living, taxes, and developers' experience & qualifications.
The hourly rate for software developers in Western Europe is around $20 to $45/ hour.
- UK - $28.55
- France - $42.16
- Denmark - $37
- Netherlands - $23
- Germany - $32.80
Cost to Hire Software Developers in Eastern Europe
Eastern Europe is well-known for its technicalities and support for the Startup culture. Eastern Europe developers are well-versed in C/C++, .Net, Python, Java, JavaScript, and more.
The hourly rates for software development in Eastern Europe range between $11 to $25/hour.
- Bulgaria - $32
- Slovakia - $9.61
- Romania - $35
- Latvia - $16
- Croatia - $39
Cost to Hire Software Development Experts in Asia
Like other regions, Asia is also growing as a region employing a professional approach to software development. The market has the largest tech hubs in India & China.
- China - $8.52
- Bangladesh - $2,44
- India - $6,72
- Sri Lanka - $2,37
- Kazakhstan - $6,30
So, this is all about the software development cost of different regions that every business owner must know before hiring software developers.
Final Thoughts!
The global software development market is growing at lightning speed, and the cost, trends, and market leaders are occasionally changing.
However, it is advisable to look for a reliable software development company that will bring you unlimited business benefits. Now that you know the cost to hire software developers for different regions, i.e., North America, Europe, and Asia, make a wise decision.
The development team you will choose for your business software development will decide its cost and success in the coming time.
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