The software development market is booming with new products and opportunities. To gain a real competitive edge, you should be as cost-efficient as possible. One approach gaining traction is nearshore software development. This approach is budget-friendly, and it doesn’t require companies to sacrifice quality. How can you truly harness the cost-efficiency of nearshore software development? You will get an answer to this question in this article. Keep reading if you want to understand the nuances of nearshore software development price formation. We provide an overview of factors affecting nearshoring rates and share tips on how to optimize nearshoring costs while reaping the benefits.  A Brief Introduction to Nearshore Software Development Let’s start with a definition. Nearshore software development is a practice that involves outsourcing IT services to companies or teams in nearby or neighboring countries. Nearshoring is often confused with offshoring, while there, actually, are some notable distinctions. The main