Outsourcing has become a common practice for businesses around the globe. The main reason behind this is cost saving. By outsourcing software development projects, companies can save time and resources. They also get access to new technologies and expertise at a fraction of the cost.

1. Pros

- Cost Effective: Offshore software dev shops charge less than onshore ones because they don't have to pay local taxes and overhead expenses.

- Accessibility: Since offshore companies tend to use English as their primary language, communication isn't a problem.

- Scalability: You can use an offshore vendor's services until you're ready to scale down and stop using them.

- Flexibility: An offshore software dev shop may provide you with a custom solution for your project due to its flexibility.

- Independence: A good offshore software developer should keep their independence since they shouldn't rely on any company to make money.

- Security: If you have security concerns about your data being stolen or hacked, a reliable offshore service provider will give you peace of mind.

- Versatility: An offshore vendor provides different types of services including mobile app development and web applications.

- Reputation: Companies that focus on providing quality work and working efficiently would get positive feedback from clients and customers.

2. Cons

- Time Constraints: If you need to meet tight deadlines, your best bet is to hire a reputable offshore vendor right away. However, if you want to take things slow, then you have two options: 1) Hire a reputable offshore vendor at the beginning and let them set up base for your business; 2) Hire a reputable onshore vendor for now and outsource some projects to an offshore vendor later.

- Language Barriers: In general, English is the dominant language spoken by offshore developers. Therefore, communicating with them could prove challenging. There are many languages spoken globally and thus communication with these international teams is possible.

- Lacking Experience: Many of the top offshore vendors lack experience. So, you'll have to put a lot of trust in them.

- Communication Problems: Even though there are clear language barriers, the top offshore vendors do communicate well over email and phone calls. Their online chat support system is useful too.

The offshore software development outsourcing market is booming. As a result, there are many companies that have started offering services in this field. However, the demand for offshore software development projects is still high and it will take some time before these companies can scale up to offer more services.

The main reason behind this is cost saving. By outsourcing software development projects, companies can save time and resources. They also get access to new technologies and expertise at a fraction of the cost.