The method of developing an app is both exhilarating and difficult. Especially if you are new to the process and have no idea about the cost of developing an app for your company. Nobody can provide you an accurate estimate until they know about your organisation, your business goals, your app features, user flows, your budget, and so on. Going into the development work without a clear plan is not going to get you any closer to success.
In 2022, mobile applications are estimated to generate $693 billion in revenue via app stores and in-app advertising. Furthermore, workplace mobility is predicted to be worth $510.39 billion in 2022.
While many companies are striving to cash in on this trend, many are unsure how to properly design an app. These growth projections can help your company compete in today’s market, but only if they’re backed up by a well-managed mobile app development process.
However, there are several critical decisions that must be made over the course of a project that will have a significant financial impact. This article will help you understand the most essential aspects that affect the cost of an app, whether you’re building it yourself or with the aid of any mobile app development company.
Major factors determining app development cost of the Mobile App
Everyone wants to know the secret, but the cost of mobile app development is influenced by a number of factors. The success of any app concept is not only dependent on replicating the characteristics of other popular applications; a simple app with unique features may also be a major hit.
Pre-Development of Mobile App
App development research and planning – (Estimation of app development and its cost, deciding goal, understanding targets and requirements, synchronising the project requirements with client and development team, a backup plan for risk coverage, and prioritising the task.). According to the timeline, it can take anywhere from 4 to 5 months and cost anything from $4,000 to $6,000+.
Development Phase of Mobile App
The App’s complexity and the number of features you must integrate: The most basic models can cost anywhere between $5,000 and $10,000, with the most sophisticated variants costing upwards of $100,000.
Mobile apps may be develope on a variety of platforms, including Android, iOS, Windows, or all three. You’ll need to employ mobile app developers based on the operating platform you choose, and their hourly rates range from $18 to $150 per hour, depending on the developer’s talents and expertise.
- The app’s backend and frontend architecture, as well as its APIs.
- The app’s UI/UX design, for which we propose hiring a specialist UX/UI designer at a rate of $15+ per hour.
Quality control and testing
Post Development Phase of Mobile App
- Support and maintenance of the app after it has been launch.
- App update
What Does It Cost to Develop a Mobile App: Development cost based on the type of app?
Let’s break down the different development cost based on type of app and figure out how much they cost on average.
Without network connectivity or server components, a simple programme may simply run. These apps often include five to six screens in total. The calculator app on your phone, for example, has a very obvious purpose and can be use without internet access.
Budget: $10,000 – $15,000
Timeline: 4-6 weeks
Examples: Camera, clock, local audio or video
Data-driven apps rely on network connections to function. These programmes only consume certain information. These applications do not require any verification or login information. These programmes’ use has decline in recent years, and they are now frequently launch as side effects.
Budget: $15,000 – $20,000
Timeline: 6 to 8 weeks
Example: A normal calendar app, map.
Apps with personalised data and user authentication
Users must log in to access specific features in an authenticating app, which is similar to a loyalty app. The application stores and synchronises user data across many devices. This is a more complicated, and hence more expensive, project that will require user monitoring.
Budget: $40,000 – $80,000
Timeline: 3 to 6 months
Example: Loyalty app by Starbucks, Google drive
Social network app
Facebook, Instagram, LinkedIn, and other social networking apps are self-explanatory. They must coordinate millions of encounters, talks, and information exchange among individuals. All of this necessitates a solid infrastructure service as well as a larger initial investment.
Budget: $60,000 – $300,000.
Timeline: 3 to 9 months
Example: Instagram, Facebook, etc.
eCommerce apps are available on Amazon, Alibaba, and other marketplaces. They require a greater range of services, such as registration, human interaction, catalogues, category pages and descriptions, and payment options. Such apps need a well-maintained admin interface as well as a back-end staff to keep track of payments and inventories.
Budget: $60,000 – $300,000.
4 to 9 months
Example: Amazon, Alibaba
On-demand apps are meant to cater to their customers’ individual needs. These applications are in great demand and are available for both Android and iOS. Uber is a popular on-demand transportation app that is utilize all over the world. Users may chat and phone using these applications, which need login credentials.
Budget: $50,000 – $100,000
Timeline: 4 to 8 months
Example: Zomato, Uber, Ola
Mobile App Development Cost
If you know what you want, the cost of developing a mobile app varies from $15000 to $20000 for a little app, $25000 to $30000 for a medium app, and $50000 to $70000 for a complex mobile application. This cost, however, may vary depending on your exact app requirements and the criteria into which it falls. To begin your app development journey, contact a reliable mobile app development company or hire specialised developers.
To conclude this piece, it is important to note that the cost of an app varies depending on factors such as app complexity, the breadth of your app concept, app design, app functionality, app development timeline, developing on multiple platforms, and more.
Aside from the primary cost-drivers highlighted, there is a slew of other variables that contribute to increase the cost of mobile app development. As the number of features and functions increases, so do the time and expense connected with them. Adding sophisticated technology partners like AI,
BlockChain, and Cloud-based services to the mix adds to the complexity. As a result, the costs of app development vary substantially depending on the many features and services employed. It’s a good idea to review your budget frequently as your project progresses to ensure money is being spent wisely and that you have a working app on time and budget.