Mexico has a dynamic market for software development outsourcing. The industry is estimated to exceed $98 billion by 2024. Companies routinely look for remote workers close to home. It makes sense for US companies to hire developers in Mexico and Latin America, as proximity to the base of operations eliminates significant outsourcing challenges.
The country receives high praise from the global tech community for becoming the first country in Latin America to enact fintech regulations. Infrastructure continues to improve, with a large increase in cloud computing by Mexican companies increasing confidence in the country’s ability to provide reliable telecommunications, internet and energy. (Fortunly)
Mexico: great place for business
According to the Organization for Economic Cooperation and Development (OECD), Mexico is one of the leading exporters of information and communication technology equipment, a distinct advantage for that nation as we move into the new decade. There has also been an increased focus in that north American country on education, in part to take advantage of greater digital accessibility, and it is also launching support mechanisms for new businesses.
• Proximity. Geographic proximity to the US simply makes doing business easier and language barriers are minimal.
• Investment. The Mexican government supports and attracts investors to the region, in part because of its macroeconomic stability, a thriving customer base and an increasingly skilled labor market. In recent years, US became one of Mexico’s main sources of foreign direct investment.
• A diversified economy. Finding a technology partner for, say, a software development project will be a fruitful process. The country has expanded its technology offerings and is focusing on ways to improve the operational efficiency of the business and manage risk.
• The infrastructure. Recently, the Mexican government has invested significantly in technology infrastructure, offering several benefits to companies looking to establish new operations in the country.
Large global talent network
Mexico’s large talent pool is among the many reasons it can fill the US tech talent gap. Finding people with the exact skills you are looking for is difficult when outsourcing IT work.
Recent improvements in infrastructure and education by the Mexican government have resulted in more people with resources and tools to expand their skills. To show its determination to end the tech talent shortage, Mexico has 120 free specialized tech universities. Every year, more than 130,000 engineers graduate in Mexico. With its talent pool of over 700,000 developers, Mexico became a hotspot for software engineering talent in Latin America.
The US and Mexico share a long border, which means that the two cultures have merged to some extent. Therefore, there is a reduced chance of the culture clash that normally occurs whenever software development teams from extremely different cultures work together. Although the two countries have different official languages, most people on both sides of the borders are fluent in Spanish and English. This minimizes the chances of errors in software development, reduces delays and makes communication relatively easier.
Some of the most important advantages of Mexican software professionals:
• Talent: Huge investments in secondary and university education are producing outstanding technology graduates every year.
• Infrastructure: A strong commitment to technology and business parks is attracting local and international companies. Mexico also benefits from mature infrastructure and more than 300 daily flights from the US.
• Collaboration: Real-time communication is possible in all US states, making it easy to work with remote teams.
• Cost advantages. Competitive costs make it easy to quickly scale a large team, offering much greater value for money in Mexico.
As you are looking for exceptional developers for your IT needs, Mexico is the perfect choice. Mexico is an excellent software outsourcing destination that tops the rankings all over the world. Its huge talent pool includes highly skilled developers.
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