Offshore Product Development: Top 9 Agencies to Consider

Ani Gasparyan

Last updated on December 11, 2024 | 17 min read

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Key insights of the article:

• Discover 9 highly-rated agencies that offer expert teams and innovative solutions to elevate your product development.
• Learn how offshore product development helps businesses save costs, access global talent, and scale efficiently.
• Find out which agencies specialize in technology-driven solutions, custom software, enterprise-level projects, etc.

Offshore product development has emerged as a popular strategy for businesses seeking to enhance their product offerings while effectively managing costs. The global offshore software development market is projected to grow at a CAGR of 12.5% from 2024 to 2033, reaching approximately $389.7 billion by 2033. The practice involves partnering with external development teams in different locations to create, manage, and scale products. This approach has gained traction due to its ability to provide access to specialized skills, cost efficiency, and the flexibility to scale resources as needed.

Offshore product development has several advantages. Companies can cut labor expenses by 40% to 70% by outsourcing to countries with lower wage rates and operational costs. This allows companies to allocate resources more effectively, boosting overall profitability and improving financial management. Additionally, they gain access to a diverse talent pool with specialized expertise and can leverage different time zones to facilitate round-the-clock progress. These benefits make offshore development appealing for businesses seeking to stay competitive and innovate rapidly.

As a result, many companies are increasingly turning to offshore solutions to meet their product development needs. To assist you in navigating this landscape, we have prepared a list of the top 9 offshore product development agencies. These organizations are recognized for their expertise and ability to deliver high-quality solutions, helping you make informed decisions for your next project.

1. DevsData LLC – Top Pick: Best overall
2. Intellias: Best for technology-driven solutions
3. Arnia Software: Best for custom software solutions
4. Elemental: Best for enterprise

1. DevsData LLC – Top Pick: Best overall

   

   Website: www.devsdata.com 
   Team size: ~60 employees
   Founded: 2016
   Headquarters: Brooklyn, NY, and Warsaw, Poland

   DevsData LLC is a leading software development company with a strong focus on offshore product development. With over 8 years of experience, the company has built a reputation as a trusted partner for businesses seeking innovative software solutions. It operates globally with offices across Europe, North America, and Latin America. The company leverages a diverse team, including seasoned US and European professionals, to deliver tailored, high-quality solutions that fuel product development and innovation.

   DevsData LLC offers extensive services, including AI consulting, data engineering, and customized software development, all designed to help businesses innovate and grow.
   The company is known for its high-quality service, boasting a 5/5 rating on Clutch and Goodfirms

   

   DevsData LLC’s flexible team enables them to reduce overhead costs, allowing for competitive pricing while maintaining high service quality. In one successful collaboration, DevsData LLC partnered with a company to develop the Hikers in Norway app, tailored for outdoor enthusiasts exploring Norway.

   This mobile application offers a comprehensive database of tourist attractions, equipment rentals, hotels, and restaurants. Key features include navigation tools, targeted ads based on user geolocation, and community-building functionalities, allowing users to form groups, organize trips, and share their experiences. The app is also integrated with a meteorological warning system, providing up-to-date weather forecasts for various regions. The successful collaboration resulted in an engaging and functional app that users highly praised for enhancing the outdoor experience in Norway. Read the full story here.

   Key features:

   • Extensive experience in offshore product development, focusing on AI, machine learning, and Data Science.
   • Partners with global corporate clients like Johnson & Johnson, ZIM, BCG, and high-growth American and Israeli startups, providing tailored solutions aligned with each client’s business goals.
   • Worked with over 80 clients worldwide and successfully delivered over 100 projects, ranging from web development to complex backend systems.

   Do you have product development needs?

   🎧 Schedule a meeting
   
   For further information, contact DevsData LLC at general@devsdata.com or visit their website at www.devsdata.com.

2. Intellias: Best for technology-driven solutions

   

   Website: https://www.intellias.com
   Team size: ~2500 employees
   Founded: 2002
   Headquarters: Lisboa, Portugal

   Intellias offers a comprehensive suite of offshore development services with a focus on technology-driven solutions. Their experience spans software development, cloud services, and IT consulting. Their collaborative style and commitment to high-quality outcomes highlight their reliability and effectiveness. Additionally, their partnerships with major cloud providers like AWS, Microsoft Azure, and Google Cloud enable them to deliver cutting-edge cloud-native solutions that optimize performance and scalability.

   Key features:

   • Serves clients across North America, Europe, the Middle East, and Asia, helping them scale innovation.
   • Brings over two decades of experience delivering mission-critical projects and driving impactful digital transformation.
   • Focus on creating significant, lasting change through expert digital solutions and consulting.

3. Arnia Software: Best for custom software solutions

   

   Website: http://www.arnia.com
   Team size: ~200 employees
   Founded: 2006
   Headquarters: Bucharest, Romania

   Arnia Software is a dynamic offshore product development agency specializing in custom software solutions. With a strong focus on agility and innovation, Arnia excels in creating customized applications that cater to diverse industries, including finance, healthcare, and retail. Their team leverages cutting-edge technologies such as AI, blockchain, and cloud computing to develop scalable solutions tailored to clients’ needs. Arnia’s commitment to collaborative development ensures that clients are deeply involved in the product lifecycle, from ideation to deployment, delivering highly functional and future-ready solutions.

   Key features:

   • Provides offshore software development, IT outsourcing, and nearshore dedicated teams.
   • Delivers diverse expertise in R&D projects, machine learning, database engines, operating systems, enterprise applications, big data systems, mobile/web apps, social networks, and content portals.
   • Builds and manages high-performing distributed teams, attracting top regional talent.

4. Elemental: Best for enterprise

   

   Website: http://www.elemental.agency
   Team size: ~40 employees
   Founded: 2005
   Headquarters: Cape Town, South Africa

   Elemental is a highly specialized offshore product development agency with a unique emphasis on user-centered design and seamless user experiences. They focus on building digital products that are not only technologically advanced but also intuitive and engaging. Elemental combines expertise in design thinking and agile development to craft products that resonate with end users. Their cross-functional teams bring together developers, designers, and strategists, ensuring that every aspect of the product, from functionality to aesthetics, aligns with the client’s business objectives and user needs.

   Key features:

   • Provides tailored offshore development solutions to help businesses achieve their goals, ensuring high-quality projects through a thorough process that includes careful planning, expert development, robust project management, and efficient testing.
   • Delivers enterprise-level complex projects and campaigns for clients worldwide, beyond South Africa, with a strong track record of success.
   • Collaborates with top global brands such as BMW, Mini, Red Bull, Coca-Cola, Lego, Heineken, Adidas, and Toyota, demonstrating trust and excellence in delivery.

Do you have product development needs?

🎧 Schedule a meeting

Now that we’ve explored the top 4 agencies, let’s move on to the next set of offshore product development companies that provide comprehensive services tailored to your project needs.

5. Innowise

   

   Website: https://innowise.com
   Team size: ~1200 employees
   Founded: 2007
   Headquarters: Kyiv, Ukraine

   Innowise merges technical skills with a customer-first mindset to deliver top-tier offshore development services. Their team’s expertise in various technologies allows them to handle different project needs efficiently. Their focus on innovation and client satisfaction makes them a versatile partner, especially for large companies looking to innovate and grow. They also provide tailored services such as legacy system modernization, project rescue, and software integration to ensure businesses stay agile and future-ready.

   Key features:

   • Global software development company with key delivery centers in Europe and a network of offices worldwide.
   • Specializes in advanced technologies, including Big Data, AI, RPA, IoT, AR/VR/MR, and Blockchain.
   • Known for tackling complex projects with high-quality coding standards and focusing on delivering impactful, tailored solutions.

6. Capital Numbers

   

   Website: https://www.capitalnumbers.com/
   Team size: ~500 employees
   Founded: 2012
   Headquarters: New Town, India

   Capital Numbers is a well-known product development agency that delivers high-quality software solutions. The company offers comprehensive services, including web and mobile app development, UX/UI design, and quality assurance. Their team focuses on creating customized solutions to meet the diverse needs of startups, SMEs, and large enterprises. Capital Numbers also specializes in emerging technologies like AI, machine learning, and blockchain. Their use of agile methods helps them deliver projects quickly and adapt to changing client needs.

   Key features:

   • Focuses on creating websites, eCommerce platforms, and content management systems (CMS).
   • Provides cloud migration and management solutions for enhanced performance.
   • Implements data engineering services, including integration, warehousing, visualization, and predictive analytics.

7. BairesDev

   

   Website: https://www.bairesdev.com
   Team size: ~4000 employees
   Founded: 2009
   Headquarters: Sao Paulo, Brazil

   With a focus on tailored product development, BairesDev offers software solutions designed to address the unique challenges of businesses across industries and sizes. The company aims to create sustainable value by addressing its clients’ unique business challenges. With access to the top 1% of tech talent from the Americas and the Caribbean, BairesDev delivers scalable, high-performing technology solutions.

   Do you have product development needs?

   🎧 Schedule a meeting

   Key features:

   • Works closely with clients to understand their needs and develop tailored solutions that meet their objectives.
   • Provides time zone-aligned expertise for effective project management.
   • Collaborates with disruptive startups and established Fortune Global 500 companies.

8. Itransition

   

   Website: http://www.itransition.com
   Team size: ~1500 employees
   Founded: 1998
   Headquarters: London, England

   Itransition is a global provider of digital solutions and software services, with development and delivery centers situated across the Americas, Europe, and Asia. The company specializes in developing, customizing, and integrating software solutions of varying complexity to help businesses thrive in the marketplace. Itransition’s service offerings encompass product engineering, digital transformation, and IT outsourcing, combining deep technological expertise with industry best practices to drive measurable results for its clients.

   Key features:

   • Covers all stages of product development, from consulting and design to development and maintenance, ensuring seamless project execution.
   • Collaborates with leading technology providers like Microsoft, Salesforce, and Google Cloud.
   • Holds stable positions in global rankings by reputable research agencies.

9. Eleks

   

   Website: https://eleks.com/
   Team size: ~1900 employees
   Founded: 1991
   Headquarters: Krakow, Poland

   Specializing in end-to-end product development, Eleks supports businesses in enhancing their performance with innovative technology solutions. With a strong focus on agile methodologies, Eleks ensures seamless collaboration, adaptability, and timely delivery of projects. Its solutions prioritize functionality and user-friendliness, creating products that meet business objectives and provide an intuitive experience for end-users.

   Key features:

   • Provides a full suite of services, including dedicated development teams, product development, research and development (R&D), and technology consulting.
   • Specializes in delivering advanced technological solutions to Fortune 500 companies, large enterprises, and technology challengers.
   • Leverages Eastern European talent pool to provide high-quality services while ensuring cost-effectiveness and efficiency.

Final thoughts

DevsData LLC is a leading choice for offshore product development. With over 8 years of experience delivering agile, customized, and cost-effective solutions, the company operates globally and is supported by a team of experts from the US. The company maintains competitive pricing without compromising on quality.

DevsData LLC provides a world-class agile product team on demand, specializing in designing, building, shipping, and scaling high-quality, user-centric products with exceptional efficiency. Their compact size allows for a personalized approach, allowing them to tailor the software to meet individual needs and transform business ideas into expertly developed solutions.

In addition to product development, DevsData LLC offers IT recruitments, employer of record (EoR) services, and business process outsourcing (BPO) solutions. Their EoR services handle employment law and HR issues, particularly for businesses expanding into new markets, while their BPO solutions enhance operational efficiency and overall business performance. DevsData LLC combines expertise, flexibility, and value for companies seeking a reliable offshore development partner.

Contact DevsData LLC via email at general@devsdata.com or explore their services at www.devsdata.com.