Thailand as an Outsourced Software Development Destination
July 29th, 2010 | by admin | Thailand is well known as one of the world’s favorite vacation destinations. Not many know that it’s increasingly being sought after as a popular software outsourcing destination as well, due to low-cost, quality labor force, good infrastructure and a stable economy. Located strategically in the heart of Asia, Thailand is one of the fastest growing economies in this region. The current economic crisis and increasing cost of hiring programmers and consultants in-house has forced countries to focus on cost optimization, making this a factor in choosing the right offshore development destination. Alternate countries such as Thailand are being increasingly seen as credible competitors to traditional outsourcing destinations such as India and China. In fact a recent report from Gartner ranks Thailand as being among the top 30 offshore service providers in 2008. Gartner’s ‘Top 30’ rating is based on language skills, government support, labor pool, infrastructure, education system, cost, cultural compatibility, the political and economic environment, global and legal maturity, data and IP security and privacy. What sets apart Thailand from other software outsourcing destinations? Since compensation packages are relatively low, companies can achieve tremendous cost benefits by outsourcing software development to Thailand Thailand boasts software development firms of international caliber possessing quality accreditation, complying with ISO standards Software companies based in Thailand have excellent, world-class on-premise and IT infrastructure Favorable governmental policies and incentives to IT firms Political and labor stability Modern industrial estates well supported by superior infrastrucutre Technically skilled English speaking professionals Outsourcing software development to Thailand has a time zone advantage with projects taken over at end of day from an US client completed and ready for the client by morning. Thailand is regarded as a near-shore destination that helps reduce the disruptions posed by time zone differences and travel requirements. The country’s familiarity with western culture and western business processes is also another plus factor. In addition, Thailand’s IT workforce is capable of developing software to international standards. Other factors favoring Thailand are property which is far cheaper than other countries and the positive attitude of the government towards foreign investment. The Present Scenario Currently many large business concerns outsource software development projects to Thailand to redefine and reenergize their business processes. Mustang Technologies established in 2001 was set up to meet the increasing global demand for high-quality, affordable custom software development and e-commerce services. Mustang Technologies selected Bangkok, Thailand as its base of operations in Asia due to its potential in attracting an international pool of professionals, cost attractiveness, a proactive IT environment, quality of infrastructure, market potential and the government support of the IT industry.