CEE is one of the biggest attractions in the IT outsourcing market. CEE covers any sectors for U.S. and European partners and provides accessible access to talent pools and intuitive infrastructure.
So, what are the four reasons to outsource IT to CEE? If you want to learn more about these important reasons to look into, read on below.
1.Steady Supply – According to Mckinsey, 43% of businesses want to fill a skill gap in data analytics. 46% of organizations are met with significant shortages in IT&C services. So, software outsourcing enables a solution to these shortages. There is an expectation to grow the IT sector by 2029, but it is hard to imagine when there is no talent to put through. Yes, there are many web developer or software engineer jobs out there to be claimed, but the CEE sector supplies resources from highly skilled individuals at a faster rate. About 9 million skilled individuals who worked well within the CEE region work in the ICT market.
2. Cultural Harmony – European countries have an advantage over other countries committing to outsourcing. For example, Ukraine, Poland, and Romania share a similar work ethic with Western clients. Although there still may be differences present, that is to be expected. The important part? The cultural gap is small enough to be closed permanently. This is all made possible with CEE countries that share a similar cultural background and want to outsource to others.
3. Tax Incentives – The CEE administration is actively pushing for laws to impress foreign buyers with tax deductions and incentives. Why? The goal of making the CEE markets appear valuable for outsourcing destinations. Not only that, these laws are used to encourage global firms to open regional offices and centers.
4. Deep-Tech – CEE is considered to already be the top, intuitive innovation center. A popular tool called Grammarly originally started in CEE. Grammarly is a high-tech brand, and it is only the beginning of this “hub” of high-tech brands. Furthermore, startups within the CEE region have expanded in the last five years. Many startups are expanding within CEE’s region. These expansions included extensive backing for legal frameworks for tech enterprises. There is a strong focus on developers who have practical experience in technology skills.
So, outsourcing is fundamentally directed towards reducing costs. Furthermore, software developers within IT services in CEE are also cost-efficient. Affordability is a major aspect of switching onto the CEE compared to onboarding specialists in Central and Eastern Europe.
Overall, having a clear and strong relationship with your partner within the CEE region is the reason for increased efficiency and systematic innovation. It is heavily important to keep a strong relationship with a technology partner consistent so there is a better chance of long-term benefits for both parties. When the relationship is balanced, there is room to create competitive advantages necessary to thrive in the IT sector.