What’s in the report?

The COVID-19 pandemic and the ensuing two years have not only accelerated learning, but also clearly highlighted the benefits of Globalization – for de-risking business, accelerating innovation as well as digitalization, and creating a moat against external disruptions and uncertainties on the horizon. Adding geopolitical dynamics to the mix, it became crystal clear for companies across verticals, that Globalization is not just a GOOD-to-have, but a MUST-have.

Global phenomena such as ‘The Great Resignation’ and a heightened focus on digitalization have left companies grappling to keep the business momentum at a steady pace. The resultant Talent Wars have also left many a company to go all out in their quest for the best talent in the market, to meet their digitalization objectives and fast-track their innovation agendas. The geopolitical landscape has also kept many companies on tenterhooks, thus leading them to pull back from certain sensitive geographies.

The ramifications of these collective megatrends are that – global talent hotspots or Centers of Excellence (COE) have become critical to ensure business continuity, accelerated innovation, and access to skilled digital talent pools. Hence, emerging locations like Vietnam and Costa Rica have begun to garner attention from global companies; thanks to vibrant ecosystems across technology start-ups, Service Providers, and universities, as well as the ease of doing business in these locations at affordable costs.

With multiple talent hotspots identified across the world, which are the top 5 destinations where all factors and parameters converge to create conducive ecosystems? Which of the locations have the capacity to house 100- and 1000-member software engineering teams? This report unveils these nuances and how companies can leverage the insights from this report to outline robust globalization strategies.

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Global Software Engineering Talent Availability and Cost

Why download this report?

Get insights on top locations to build world class CoEs where you can:
  • Build scalable and full Software Product Engineering teams
  • Leverage a mature ecosystem of start-ups, Service Providers, and universities
  • Benefit from high ease of doing business
  • Build teams at affordable costs

To get access to the full report, please drop us a note at info@zinnov.com

Zinnov evaluated the 15 identified countries based on the following 4 parameters:

  • Talent Availability
  • Software Engineering Ecosystem Maturity
  • Ease of Doing Business
  • Cost Analysis

While all 15 countries in this analysis have proven software engineering capability, in terms of building COEs, India, Canada, China, Poland, and Mexico are the Top 5 COE Hotspots of the World.

Center Of Excellence Hotspots - Romania
Center Of Excellence Hotspots - Estonia
Center Of Excellence Hotspots - Lithuania
Center Of Excellence Hotspots - Bulgaria
Center Of Excellence Hotspots - Belarus
Center Of Excellence Hotspots - Czechia
Center Of Excellence Hotspots - Poland
Center Of Excellence Hotspots - Philippines
Center Of Excellence Hotspots - China
Center Of Excellence Hotspots - India
Center Of Excellence Hotspots - Canada
Center Of Excellence Hotspots - Mexico
Center Of Excellence Hotspots - Brazil
Center Of Excellence Hotspots - Vietnam
Center Of Excellence Hotspots - Costa Rica

Country Ranking based on their potential to build a COE

Country wise Rankings of Center Of Excellence Hotspots Source: Zinnov Reports, Zinnov Secondary Research

To accelerate your organization’s growth and innovation journey, while bringing in higher efficiencies and productivity, you need access to the best global talent. We can help you establish high-performing Centers of Excellence with top-notch infrastructure, high impact HR policies, and a partner ecosystem that is conducive for innovation.

For more details about working with us, drop us a note at info@zinnov.com and we will get in touch with you.

Key Insights From The Report

  • Global talent hotspots where companies can build scalable and full Software Product Engineering teams, leverage a mature ecosystem, have high ease of doing business, and build teams at affordable costs has become imperative.
  • Certain megatrends such as geopolitical dynamics, ‘The Great Resignation,’ Talent Wars, and the Future of Work have resulted in the rise of new, emerging markets and COE hotspots for business continuity.
  • A comparative analysis of a 100-member Software Engineering team in each of the identified 15 countries, relative to costs in the USA, provides a comprehensive view of locations where teams can be easily scaled.
  • With ‘The Great Resignation’ and the Talent Wars playing spoilsport, attrition trends across all 15 countries, pre- and post-COVID, have experienced significant highs and lows.
  • This in-depth analysis of the 15 identified countries across geographies and parameters, empowers CXOs and decision makers to build full, scalable COE teams.

Report Authors and Contributors

Nilesh

Nilesh Thakker

Managing Partner & CTO

Amita Goyal

Amita Goyal

Partner & Head of GCoE Practice

Ankit Mishra

Ankit Mishra

Project Lead

Deepa Menon

Deepa Menon

Project Lead

Nachiket Mahajan

Nachiket Mahajan

Project Lead

Sarthak Singal

Sarthak Singal

Project Lead

Shilpa Ibrahimpur

Shilpa Ibrahimpur

Consultant

FAQs

FREQUENTLY
ASKED QUESTIONS
A Center of Excellence (COE) is defined as a body in an organization that has leading-edge knowledge and competency in a particular area and is comprised of highly skilled individuals and experts.

Zinnov evaluated 15 countries across North America, LATAM, Central and Eastern Europe, and APAC to narrow down the COE hotspots of the world.

CXOs; Strategy, Operations, and HR leaders from Global MNCs; Private Equity firms are some of the key stakeholders who will benefit from the analyses in this report.

The selection of the 15 countries was made based on the fact that all of them show high potential for software engineering, as observed by Zinnov in its 20 years of extensive experience working with global technology organizations, PE firms, and Service Providers. Other aspects include the presence of significant talent pool, ecosystem maturity, affordable cost and ease of doing business in terms of geopolitical stability, English proficiency and IP and Data privacy.

Organizations should set up global COEs -
  1. To de-risk business
  2. To initiate transformative change in the organization in a scalable and sustainable format
  3. To provide visibility, focus and establish commitment to innovation
  4. To provide flexibility to innovate fast and fail fast

An organization can measure the success of their COE by measuring:
  • The expertise showcased by a COE – Relevant, Deep, and Unique (IP worthy, PoC generated) expertise
  • Its ability to impact the organization by shaping its business vision and technology roadmap and/or by helping the organization fill the skill gap/market gap to achieve the vision
  • Its ability to generate economic value for HQ and drive product ownership and technology leadership
Here are the top key levers to build successful Centers of Excellence:
  1. A well-defined vision with strong executive sponsorship
  2. Selecting the right location with a strong external ecosystem
  3. Skill availability and other parameters discussed in this report
  4. Creating an organization structure that empowers the COE to take up ownership and hence sets it up for success
  5. Building a strong Talent Strategy
  6. Well-defined governance and operating model
  7. Prioritizing the right use cases and problems to solve for, by the COE
  8. Fostering meaningful partnerships with start-ups, academia, and other companies
An effective COE must have the following attributes in order to drive high-impact value and ROI:
  1. High engineering maturity
  2. Clearly defined center persona
  3. Top-notch talent attraction and retention
  4. Partnership with external ecosystem
  5. Visionary leader to drive innovation

Speak to our consultants for more details

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