Nearshoring in Mexico

Mexico has become an attractive destination for Nearshoring for several reasons:

• Proximity to the United States: Mexico is geographically close to the United States, facilitating communication and collaboration.
• Competitive labor costs: Labor costs in Mexico are significantly lower than in many other countries, which can reduce production costs.
• Skilled talent: Mexico has a wealth of skilled talent, especially in areas such as engineering and technology.
• Favorable trade agreements: Mexico is part of the United States-Mexico-Canada Agreement (USMCA), which facilitates trade with these countries.

Discover, what roles does your software development team need to have?

Nearshoring has emerged as a key strategy in the world of software development, and Mexico has positioned itself as an attractive destination for this practice. According to data, software development represents 64% of outsourced services worldwide.

Mexico boasts 38 IT clusters that are home to approximately 400 IT outsourcing companies offering a variety of services, including software development, engineering, and high-tech manufacturing. Additionally, the Mexican IT services market is expected to generate $11.04 billion in 2023, with software outsourcing services making the largest contribution (approximately $3.92 billion).

A relevant fact is that at least 25% of university graduates in Mexico specialize in science and technology-related fields. In 2021, there were over 3 million professionals in these areas, making the country an excellent talent pool for nearshore software development.

Therefore, nearshoring in software development is not only driving Mexico's economic growth but also creating significant opportunities for IT companies in terms of access to skilled talent and lower production costs.