With over 65,000 professionals currently thriving in the tech industry, and the sector growing at an impressive rate of 9% annually, Peru is swiftly emerging as a tech powerhouse. This country boasts a significant amount of tech power and innovation, making it a strong option for companies looking to build outsourced development teams. At Techie Talent, we specialize in providing nearshore technology solutions, knowing the ins and outs of the LATAM tech market. We want you to fit the right fit for you, so this guide walks you through everything from understanding the Peruvian tech landscape. Whether you're exploring nearshoring for the first time or aiming to enhance your existing strategies, this article is packed with actionable insights and insider tips. Learn how to hire developers in Peru!
Understanding The Tech Industry in Peru
Peru's tech industry is characterized by a mix of startups, established software development firms, and an increasing interest from international companies looking to nearshore their development needs. This interest is fueled by the competitive advantage Peru offers: a blend of high-quality talent, cost-effectiveness, and a favorable time zone that aligns closely with North American business hours, making collaboration smoother.
The Peruvian software and IT services sector has been on an upward trajectory, contributing significantly to the country's GDP. According to the Ministry of Production of Peru, the technology sector has been growing at an annual rate of approximately 9%, showcasing its rapid expansion and the increasing demand for digital services. The sector employs a significant number of professionals. Reports from the National Institute of Statistics and Informatics (INEI) suggest that the number of people working in the IT and software development sector in Peru has been steadily increasing, reflecting the industry's growth in recent years thanks to the wide adoption of nearshore development.
As you can see above, Peru's export of IT services has seen notable growth - particularly in the data and software development sectors. The Exporters Association of Peru reported that the export of services, including software development and IT services, has been increasing, indicating a growing recognition of Peruvian IT expertise on the international stage. The United States and Canada are among the top destinations for these exports.
One of the standout features of Peru's tech scene is its focus on education and continuous learning. The country has made significant strides in enhancing STEM education at all levels, from primary schools to higher education institutions. Universities such as the Pontifical Catholic University of Peru (PUCP) and the National University of Engineering (UNI) offer specialized programs in computer science, software engineering, and information technology. These programs are designed to meet the industry's needs, ensuring a steady pipeline of skilled professionals. The government also plays a supportive role, offering incentives for tech companies and startups, aiming to position Peru as a leading tech hub in Latin America. Programs such as Startup Peru and the National Plan for Productivity and Competitiveness aim to foster innovation, support startups, and improve the overall competitiveness of the Peruvian tech industry.
Peru's tech industry is a vibrant, dynamic, and growing sector, offering compelling opportunities for businesses looking to innovate and expand. With its blend of skilled talent, supportive policies, and the nearshore culture of sharing and collaboration, Peru is positioning itself as a go-to destination for tech outsourcing and nearshoring endeavors.
How The Demand For Peruvian Developers Has Increased
In recent years, the demand for Peruvian developers has seen a significant increase, as IT staff augmentation continues reshaping the global tech landscape. Peru's tech sector has grown rapidly as a result, outpacing many of its regional counterparts. The appeal of Peruvian developers lies not just in their technical proficiency but in their cost-effectiveness, as companies can save up to 50% on development costs by tapping into the LATAM market. Moreover, the cultural and time zone alignment with North American businesses presents an added layer of synergy, making collaboration smoother and more efficient. With a solid foundation in various programming languages and emerging technologies, Peruvian developers are well-equipped to handle complex projects, from mobile app development to cloud computing solutions. Their ability to adapt and innovate has placed Peru on the map as a go-to destination for nearshoring software development needs.
Why Your Company Should Work With Software Developers in Peru
Choosing to work with software developers in Peru offers your company a strategic advantage that goes beyond mere cost savings. Here's why making this choice could be one of your best business decisions yet!
1. A Rich Talent Pool:
With over 65,000 tech professionals and a 9% annual growth rate in the sector, Peru is not just a source but a powerhouse of skilled developers. These individuals bring to the table a blend of technical prowess and innovative thinking, essential for tackling the complex challenges of today's digital landscape.
2. Cost Efficiency:
The chance to save money on IT costs is another compelling reason. Companies can save significantly, up to 50%, on development costs without compromising on quality. This financial advantage allows for reallocating resources towards other strategic investments, fueling growth and innovation within your organization.
3. Cultural And Time Zone Compatibility:
The major time zone overlap with North American companies enhances collaboration. The minimal time difference ensures smooth communication and workflow, making it easier to manage projects and meet deadlines. This alignment is not just a matter of convenience but a strategic advantage that enhances efficiency and productivity. This key benefit is unique to all of Latin America, making it the perfect tech staffing region for your business.
4. English Proficiency:
The high English levels among Peruvian developers further streamline communication, ensuring that language barriers do not slow progress. This ease of interaction is critical for agile development environments, where clear and constant communication is paramount. A great resource for checking English proficiency levels across all of LATAM is the EF EPI Index. According to the latest report, Peru scores a moderate proficiency level and ranks #51 out of 113 countries.
5. A Versatile Tech Sector:
As we’ve mentioned, the local IT industry is also characterized by its adaptability and forward-thinking approach. Developers are well-versed in the latest technologies and programming languages, from Blockchain to machine learning, making them capable of addressing a wide array of project requirements. Their ability to quickly adapt to new technologies and trends shows the innovative software development culture in the country.
How to Hire Software Developers in Peru
Hiring software developers in Peru is a strategic move that can significantly enhance the success of your projects. This process involves knowing where to locate the right talent and how to effectively engage with professionals who align with your technical and business requirements, as well as finding the right engagement type for your organization. Here's a quick guide to successfully navigating Peru's tech talent landscape!
Leverage Local Job Platforms and Tech Communities:
Peru's tech community is quite active, with many platforms where professionals display their skills and seek new opportunities. Websites like Laborum, Computrabajo Peru, and LinkedIn are prime for posting job openings and scouting for potential candidates. These platforms allow you to filter your search based on specific skills, experience, and other essential criteria, making the hiring process more targeted and efficient.
Partner with Nearshore Solution Providers:
Peru is home to a large number of nearshore software development companies known for their high-quality services and innovative solutions. Engaging with firms like Techie Talent, you gain access to a vetted pool of Peruvian developers who have experience with international projects. This approach streamlines the development process, offering scalability and flexibility to meet your development needs.
Participate in Local Tech Events and Meetups:
Networking is key in the tech industry, and Peru's tech events are gold mines for discovering top talent. Attending events such as Lima Tech Week, Peru Dev Day, and different hackathons and tech meetups provides opportunities to meet developers eager for new ventures. These gatherings are also great for staying ahead of the latest tech trends and understanding the expertise present in the local market.
Implement Referral Programs:
The power of referrals is particularly useful for breaking into LATAM’s tech community. Establishing a referral program enables you to tap into the networks of your existing contacts, possibly leading to recommendations of skilled Peruvian developers. This method often brings forth candidates who not only have the required skills but also fit well with your company culture, endorsed by trusted business associates and peers.
Engage with Local Universities and Tech Institutes:
Peru's universities and technical institutes are breeding grounds for up-and-coming tech talent. Collaborating with institutions like the Pontifical Catholic University of Peru (PUCP), National University of Engineering (UNI), and Universidad Tecnológica del Perú (UTP) gives you early access to graduates and interns eager to utilize their contemporary knowledge and skills. These establishments often organize career fairs and tech exhibitions, offering another avenue for scouting potential hires.
Explore Online Freelance Marketplaces:
For projects that require niche skills or are of shorter duration, online freelance marketplaces such as Workana, Freelancer, and Toptal are invaluable. These platforms provide a global reach, including Peruvian developers who are accustomed to remote work and freelancing. Keep in mind that freelancing platforms deduct a portion of the developer’s pay, which might lead to higher rates to compensate for this expense.
Looking For A Nearshore Solutions Provider?
If you’re interested in hiring developers in Peru and building an outsourced development team to solve nearshore technology problems, you’re in the right place. Our team at Techie Talent specializes in providing holistic solutions to any IT-related challenges. Our goal is to bridge the gap between the large tech expertise in Latin America and the global demand for technology services, allowing you to access top-notch development talent at a lower cost. If you are looking for a trusted nearshore tech partner schedule a complimentary strategy call with us to learn more about our services!
