Software development in Hungary is growing to new levels. According to recent data, the Hungary has over 150,000 IT professionals. In addition, thousands of IT students are graduating each year, driving industry expansion. With this expanding talent pool, Hungary’s IT skills and services rank among the best in Europe. As a business owner, you need to know what factors are driving software development expansion in Hungary. This way, you can fully understand the nation’s market as you consider your outsourcing options. Read on to learn more about how software development in Hungary is growing to new levels.
Expanding Talent Pool
First, Hungary’s expanding talent pool is driving software development growth across the country. Notably, software development represents over 5% of the Hungarian economy. In addition, there are many research and development centers for international tech companies. For example, Microsoft and Nokia are both key contributors to Hungary’s IT industry. With a growing number of graduate students and tech professionals, the country’s programming literacy and skills rank in the top five for all of Europe. Naturally, this makes them a top outsourcing destination for businesses around the world. Definitely, Hungary’s expanding talent pool is accelerating software development industry growth.
High Quality Technical Education
Next, Hungary offers a high quality technical education. According to recent studies, there are nearly 70 educational institutions in the country. Notably, nearly 12,000 STEM and engineering graduates are entering the job sphere each year. In addition, many tech graduates are enrolling in a DevOps course to learn the advanced automation and application management tools. For example, many companies new to the DevOps methodology utilize JFrog’s Artifactory Overview course to streamline their processes and accelerate their deployments. Plus, many students are using this resource to enhance their understanding of binary repositories and data management. With high quality resources and institutions, Hungary’s technical education is driving software development growth.
Suitable Time Zone
In addition, Hungary’s suitable time zone is growing software development outsourcing in the country. Notably, Hungary is situated in the GMT +2 time zone. Thus, it’s only a few hours time difference from other Central and Eastern European countries. If you ever have to meet your software developer in-person, flight time is usually only two to four hours for the CEE region. Moreover, even the United States and Canada are only 6 hours behind Hungary. This is still an acceptable difference for conducting business meetings. Of course, it is essential to choose an outsourcing destination where you can coordinate your workflow. Therefore, consider time zone differences as you select your software provider. Absolutely, Hungary’s suitable time zone is making it a top destination for outsourcing around the world.
Expanding Outsourcing Market
Moreover, Hungary’s expanding outsourcing market is also driving industry growth. Notably, Hungary offers a saturated market of specialists and programmers. Since the country is a member of the EU, labor rights fully comply with European standards. Importantly, this simplifies the process of hiring a Hungarian development team. Additionally, many IT professionals in Hungary speak English as well. Paired with Hungary’s suitable time zone, this makes it easy for companies around the world to work with them. Indeed, Hungary has been one of Europe’s top outsourcing leaders for the past five years. Plus, it has attracted interest from large international companies seeking development services. In short, the Hungarian IT outsourcing market is expanding the country’s software development sector.
Furthermore, Hungary often offers low costs for businesses seeking IT and programming services. Notably, senior developers on average earn $3,400 to $4,600 per month before taxes. Compared to neighboring countries, these salaries are relatively high. With compliant labor standards, developers typically have positive working conditions as well. Often, these high salaries mean business owners can get a lower price for services. Indeed, vendors usually charge less than $40 per hour for projects completed by senior developers. With skilled development teams, Hungarian companies can complete software projects more efficiently as well. Undoubtedly, these low costs are driving growth in the Hungarian software development industry.
Software development in Hungary is growing to new levels. First, Hungary’s expanding talent pool is driving software development growth across the country. Next, the country offers a high quality technical education for its prospective tech professionals. In addition, its suitable time zone is driving outsourcing market growth. Naturally, this development outsourcing growth expansion is accelerating industry expansion. Furthermore, low costs are attracting business professionals as well. Consider these points to learn about how software development in Hungary is growing to new levels.