Key Takeaways
- 62% of US firms adopted nearshore in 2023.
- Nearshore preferred over offshore by 78% for cultural fit.
- 55% growth in nearshore contracts post-COVID.
- Nearshore development offers 40-60% cost savings compared to onshore.
- Hourly rates for nearshore devs in LatAm average $35-50 vs $100+ US.
- Mexico nearshore saves US firms 50% on software dev costs.
- The global nearshore software development market was valued at $12.4 billion in 2022 and is projected to grow at a CAGR of 14.2% from 2023 to 2030.
- Latin America's nearshore IT services market expanded by 18.5% in 2023, driven by demand from North American firms.
- Nearshore outsourcing in Eastern Europe reached €8.7 billion in revenue in 2022.
- Nearshore teams achieve 95% uptime on projects.
- Time-to-market reduced by 35% with nearshore dev.
- Nearshore velocity: 28% higher than offshore per DORA.
- Nearshore Latin America has 2.5 million software developers.
- Mexico boasts 450,000 IT professionals, 40% English proficient.
- Eastern Europe software talent: 1.8 million developers.
Nearshore software delivery is booming, with faster delivery, big cost savings, and high retention over offshore.
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02 · Category
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03 · Category
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Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
Leah Kessler. (2026, February 13). Nearshore Software Development Industry Statistics. Gitnux. https://gitnux.org/nearshore-software-development-industry-statistics
Leah Kessler. "Nearshore Software Development Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/nearshore-software-development-industry-statistics.
Leah Kessler. 2026. "Nearshore Software Development Industry Statistics." Gitnux. https://gitnux.org/nearshore-software-development-industry-statistics.
Sources & references
81 datasets cited across this report · attribution is report-level

