Offshore Development or How to Hire Developers in Latvia
Latvia and Its Current Economy
Latvia is a member of the European Union and possesses an open economy in the northern part of Europe. The current economy of Latvia is pretty stable and after the event of Brexit, it did not sustain any major threat. Though several scientists predict that in the long run Brexit may cast an impact upon Latvia’s economy, as there is a good chance that it may decrease the overall economic growth of the entire EU. The current IT industry of Latvia is pretty vibrant even after Brexit. But there is a good chance that it might be sustaining a few damages eventually. Here we are discussing the reasons to hire dedicated developers in Latvia.
Outsourcing Is Hot – Latvia Developers for Hire
Over the past few years, different individuals, as well as companies, have been outsourcing different kinds of IT related projects to people residing in other countries. Baltic countries became a popular destination for software development outsourcing. Many European countries consider as a good idea to hire developers in Lithuania, Estonia and Latvia. Just like the rest of the world, Latvia has also been outsourcing its IT projects to offshore companies for the past few years, but the trends for this country are changing now. Being one of the Soviet countries, Latvia remains quite competitive in terms of offering quality development services to other countries of the European Union at a very affordable rate. Since Latvia joined EU only in 2014, demands from Latvian developers here are not so high. Average salary within the country remains quite low comparing to other European countries, Latvia is currently ranked as #24 (out of 28) in the List of European countries by average wage. At the same time, the average salary grew by 20.77% within last 3 years, which points at steady economics growth.
An Overview of the IT Industry in Latvia
Latvia is one of the important states in the Baltic area. The annual GDP of Latvia is $34.88 billion and growing at a decent rate of over 4.6% annually. The ICT industry plays a vital role in the growth of the country and contributes a share of about 4.3% of the GDP. Software development companies Latvia are growing rapidly in the IT service sector. The ICT sector of Latvia accommodates over 36,000 people, according to 2018 statistics. The total turnover of the ICT industry in 2018 was recorded at €3.8 billion.
Outsourcing software development Latvia is one of the cruising industries in the country that is growing significantly. Software development plays a crucial role in the country’s exports, which maintain Latvia as one of the budget surplus economies in the region. The country has one of the fastest internet connectivity in the world powered by the state of the art ICT infrastructure and backhaul telecom connectivity.
How Many IT Companies in Latvia?
Being a western-style work culture and attractive geographical location, Latvia has transformed into a bright spot for software development and the IT outsourcing industry. A large pool of highly skilled and qualified software developers Latvia attracts the local as well as multinational companies to invest in the IT sector.
Latvia is home to over 6,500 ICT companies and over 400 startup companies. The number of companies is growing consistently year over year. A huge number of over 5,000 companies are IT services companies that offer Latvia dedicated teams for software development and business process outsourcing BPO services. Only the Riga city houses over 50 BPO and shared service centers SSC for IT companies in Latvia.
Why Should Companies Choose Latvia Software Development Services?
There are numerous great reasons for companies across the globe to choose nearshoring Latvia software development services. A few very important reasons are listed below:
#1 Highly Qualified Software Developer Pool
Latvia has a highly qualified and skilled pool of thousands of IT professionals and software developers. Top technical institutes are producing over 1300 graduates annually in different disciplines including software developers. Hiring a .Net software development team in Latvia is in high demand nowadays.
#2 Best IT Ecosystem
Latvia is one of the top 10 countries where the internet speed is the best in the world. The country has multi-Gigabit fiber connectivity known as the Baltic electronic highway. Latvia encourages e-government in all domains of government.
#3 Competitive Cost & Quality
The average software developer salary Riga is about €1,840 per month. There are many new kinds of legislation and human resource recruiting laws, which offer financial benefits for the companies to offer reduced prices to global clients. The quality of software development in Latvia is very high.
Major Benefits of Using Latvia Software Development Services
Using Latvia software development services offer many benefits to the clients from major regions like Europe, North America, Asia Pacific, and others as listed below:
- Highly dynamic software teams expert at multi-discipline software development
- Western-style work culture powered by multi-lingual expertise
- Proficient level of English language communication skills
- State of the art IT infrastructure
- A highly skilled and qualified pool of software professionals
- Low-cost internet and telecom services
- Latvia offshore company can always offer high-quality software development
- Competitive development prices
- Easy to travel location from any part of Europe
What Software Projects to Outsource to Latvia?
The software development industry of Latvia is highly diverse in providing multi-discipline software development services powered by expert Riga software developers. But, the major types of project that the Latvian developers can handle include:
- Mobile application development
- Website development
- Database development
- eCommerce websites
- Web-based applications
- Gaming and entertainment applications
Trending Technological Spheres
Building a Dedicated Development Team in Latvia
Numerous Latvia dedicated development teams may easily be found to help you out on a variety of different popular technologies that are trending in the global IT world out there. The most common technologies in this regard include PHP, AJAX, JAVA and ASP.NET. These technologies are considered to be the primary requirements behind setting up any kind of IT infrastructure like a website or any other online system.
In What Industries to Hire Developers in Riga
Several firms have been looking to hire developers in Riga or to create Riga dedicated team to work on a number of different spheres of information technology. These include ecommerce, healthcare facilities, universities and the rest of the education sector, business industry, banking sector, governmental and non-governmental bodies, etc.
How Much Does a Developer Make in Riga?
There are numerous cities in Latvia where a good deal of work is being carried out in the field of IT. Riga developers are highly known in the entire country as Riga is the biggest Latvian city on account of IT industry. The salaries offered to these developers are much higher in comparison to those residing in other cities like Jurmala, Jelgava, Daugavpils, etc. Individual software engineers have teamed up to work collectively in order to ensure the mutual benefits of each other. But if you think about it, the salary of Riga developer is still below the average mark as its average salary equals less than €27,000 per year.