Developing custom software for small firms is a specialized task, as development teams must align themselves with the application context and the business's strategy.

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Small companies need applications for every business function, including From CRM, HR and Payroll, Accounting, and Point of Sale.

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There are 33.2 million small businesses in the United States alone; the number is even more significant globally.

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The high expense of assembling the infrastructure and an own team of software developers for producing robust software applications keeps most small businesses from having an in-house software development strategy.

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The scale of work and investment required is beyond the scope of smaller teams; most small to medium businesses use either a fully outsourced model or a blend of in-house management and outsourcing development.

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Specialized software development services can help small businesses overcome crucial challenges.

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Latin America software development market overview

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Latin America's software industry is thriving, yielding revenue worth $22.1 billion in 2021. Countries like Argentina, Mexico, and Colombia are home to some of the best partners in the region. Argentina's software market was valued at $1.9B in 2021, and it's anticipated to increase to $2.8B by 2026. 

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Argentina is a fast-developing software development market with 3,800 regional IT companies, making it a rich outsourcing epicenter.

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US firms choose Argentina as their favored nearshoring region because of its English proficiency, reasonable rates, and suitable time zone. 

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Argentina boasts a growing software development market, with the US accounting for approximately 60% of Argentina's outsourcing services, making it the most significant contributor to its IT sector growth. 

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Partners in the country provide custom software development, IT consulting services, mobile applications, and web development for service industries such as Information Technology, finance, and eCommerce. ‍

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Industry-leading companies outsourcing IT jobs to Argentina include Cisco, Google, Microsoft, and Nokia.

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Top LatAm software companies for SMBs

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Devlane

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Is a boutique nearshore software development company headquartered in Uruguay with presence across all of LATAM.

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They are devoted to finding the best tech talent in Latin America and extending client’s internal development teams via a staff augmentation model.

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They prioritize having a close relationship with their clients, always taking the utmost care of their requirements and looking to improve their daily operations by suggesting new ways or practices.

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They are primarily focused on the North American market and are considered by their clients as a strategic tech partner in which they can rely on to grow and improve their business.

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The founders and executives behind Devlane have over 10+ years of cross-industry experience in nearshore operations, with mobile and web development, backend development, software testing & QA, Blockchain and data engineering.

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N-iX

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N-iX is a global technology company that operates across the US, Latin America, and Europe delivering technology consulting and custom software development services to partners around the globe.

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The company operates a development center in Medellin, Colombia, while maintaining a talent pool across Latin America.

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The team comprises 2,000+ experts who cover various competencies delivering software development services across industry verticals such as manufacturing, fintech, retail, healthcare, automotive, and telecom.

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BairesDev

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One of the more prominent software development companies in LATAM, with a global talent pool of around 4,000 experts, the company offers staff augmentation and software development services across such industries as healthcare, fintech, education, media, and more.

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This vendor provides various services, including web development, cloud consulting, and Big Data consulting. 

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Gorilla Logic

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One of the more prominent software development companies in LATAM, with a global talent pool of around 4,000 experts, the company offers staff augmentation and software development services across such industries as healthcare, fintech, education, media, and more.

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This vendor provides various services, including web development, cloud consulting, and Big Data consulting.

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10Pearls

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This vendor is a large software development company in LATAM that delivers its services globally across the US, Europe, and Asia. It specializes in custom software development and other services, such as cloud consulting.

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The company has an impressive track record, with a portfolio of successful projects in various industries, such as education, healthcare, energy, and fintech.

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Pentalog

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This vendor provides services, including IT staff augmentation, custom software development, e-commerce development, web development, UX/UI design, digital innovation, testing, marketing automation, security, DevOps, and more;

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This is also a large software development company in LATAM, which means they have a large talent pool to match your needs.

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Vates

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The company has been providing software solutions to customers in various industries for the last three decades, making it one of the oldest vendors in LATAM.

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The vendor has built solid and lasting customer relationships, resulting in high customer satisfaction rates.

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Their team provides software development services across such industries as telecom, fintech, customer products and services, and more.

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Forte Group

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For the past two decades, this software development vendor has been delivering top-notch solutions to customers from multiple industries, establishing itself as one of the leading Latin American developers.

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They have developed strong, long-term customer relationships, resulting in high customer satisfaction. Their team provides software services for fintech, eCommerce, hospitality, and more sectors.

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Waverley Software

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This software development firm has worked closely with customers from various industries for over three decades, making them one of the most experienced companies in Latin America.

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The company works with IoT, AI Machine Learning, Cloud, and more technologies to deliver innovative solutions to its clients. Their primary industry focus is on financial services, education, and healthcare.

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Objective Group Inc

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This vendor is one of the long-standing hubs for software developers in Latin America, providing such services as custom software development, staff augmentation, and IT consulting.

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The company primarily works with mid-sized businesses leveraging a variety of programming languages and technologies.

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Though the company has a limited pool of talent to satisfy a more significant need to hire Latin American developers, it offers the technical prowess to compensate for it. 

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Dev.Pro

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This vendor is the youngest on our list of Latin American developers, but it has already proven its capacity to deliver exceptional results.

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The company primarily works with mid-sized businesses across healthcare, hospitality, fintech, etc. With a growing potential and an increasing clientele, you may consider this company to hire Latin American developers.

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How to choose the ideal software development partner for your business?

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Narrowing down your search list allows you to save time when initiating negotiations with potential vendors.

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Choosing a great partner, you need to learn more than just a Google search can give.

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That is the stage where you need to dive deeper, so here are the essential steps you need to take:

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1-See what their industry focus is

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When hiring Latin American developers, you need to know the industry focus of your potential partner.

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Domain knowledge is as necessary as technical expertise, so you must look for vendors with experience working in your industry vertical.

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That is why you need to partner with a vendor who has experience working with the technology you need and the industry you work in. 

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2-Check their portfolio

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When selecting among the best vendors, it's essential to understand the projects the vendor has already worked on.

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Researching the vendor's portfolio, understanding what industries the vendor specializes in, and speaking to previous partners can help ensure the right partner is chosen.

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Do not hesitate to contact their previous clients to discuss the details of their cooperation, the strengths of the vendor, and the value they have delivered. 

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3-Discuss the cooperation models

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It is essential to research the vendor's customer service model. It would help if you focused on the partners that offer cooperation models that match your needs.

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Some businesses need team extension services to boost their technical capabilities; others require a custom software solution developed nearshore.

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And you need to know what your potential vendor can do for you. Take the time to understand the vendor's pricing model, their payment terms, and the project's overall cost.

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Select a partner who can deliver results concerning your budget.

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Why work with a Software Development Services Provider for SMBs?

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Covers the technology support

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Experienced small business software development companies have state-of-the-art technology infrastructure and certified teams in technologies and Agile methodologies, employing the best architectures and models to bring customers the best results.

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No hiring headache

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Partnering with an excellent Small Business software development services provider grants your company access to your project's top 10% of technology talent.

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Customers don't have to evaluate thousands of applications or engage in extensive training programs. Easy availability of expertise helps companies scale their consumption as the business needs.

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Better emphasis on core strategies

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Outsourced software development helps small businesses spend quality time on core business activities, freeing up time to commit to better their strategies.

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The same applies to the cost savings facilitated by outsourcing.

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Cost and Time Optimization

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When you outsource your software development project, you convert fixed costs into variable costs, as you only have to pay for the services you will consume.

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The software development companies offering services to SMBs also understand the price sensitivity and hence offer lower rates.

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Moreover, the experience of working with other small businesses with similar challenges helps provide faster solutions.

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Time zone advantage

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Working with one of the top software development companies for small to medium businesses operating in a different time zone removes friction and seamlessly streamlines development.

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When you start your day, the development team has already done the work in the pipeline for the previous day so that the project progress can be better tracked.

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Conclusion

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Choosing an excellent small business software development solutions provider takes a lot of work; There are various factors that you have to consider to evaluate and arrive at the choice.

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If the Latin America software industry is uncharted territory for you, and you're looking to hire nearshore talent from the region, don't hesitate to contact us!

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