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How Much Does it Cost to Develop an Application?

By Ajay Kumar | May 14, 2019
mobile app development services

Traditionally, one of the most aggravating aspects of the developing world was the cost of mobile app development. It is not only about development but also about how to determine it.

But why is assessing the cost of mobile app development such a difficult and time-consuming task?

The cost of developing an application is not set, particularly when developing a complicated mobile app. Businesses are contemplating ways to surprise the audience with another innovative application as the industry rises sharply in the market. They are also becoming involved in mobile app development projects since they want to make their brand stand out in the market.

There are so many factors and core fundamentals that are included while determining the cost of mobile app development. This includes deployment, development, testing, maintenance, and whatnot.

Table Of Contents

  1. How is app development cost estimated- The formula
  2. App development cost statistics
  3. Cost of app development by type
  4. Cost of app development by region
  5. Factors That Affect Application Costs
  6. Hidden App Development Costs You Need to Know
  7. What to Pay Attention to When Choosing an App Development Company?
  8. Tips to Minimize App Development Cost?
  9. Examples of popular apps and their average cost
  10. How can Appventurez help you with app development cost estimation?
  11. FAQs

Before starting with any of the factors, first, we need to focus on requirements that will help to estimate the app development budget.

How is App Development Cost Estimated- The formula

The formula or the answer to how much it costs to create an android app lies in calculating the number of hours it would take for every single one of the development processes and multiplying it by the billable hours of resources it is the app cost calculator.

app development cost estimation

App Development Cost Statistics

The popularity of apps and the price of app creation are both influenced by the global expansion of mobile development.

Over 7 million apps are available for download in total through app shops. Researched figures on mobile app development present fascinating information regarding the sector and expenses in 2022.

Here are some statistics to consider, based on various sources and methodologies:

  • On average, over 100,000 new apps are released on Google Play every month, and over 30,000 on the Apple App Store (Statista)
  • Free apps dominate the app development market. The most effective pricing strategies for most are free and freemium. For example, free utilities n the Apple App Store account for approximately 92% of the total (Statista)
  • The mobile app industry revenue reached $581.9 Billion in 2020. If this trend doesn’t change, the industry’s revenue will reach almost $ 1 trillion in 2023 (Statista)
  • The mobile app development market is expected to grow more than 18.4% by 2026 and is predicted to reach an industry of $ 407.31 billion by 2026 (Market Research)
  • Almost 90% of the time people spend on apps. Soon, people will use a mobile device for 4 hours a day, and 88% of this time will be for activity in applications (eMarketer)
  • 66% of smartphone users download games. At the same time, over 95% of all users download messaging, communication applications, web browsers, etc.

Now that you are aware of the market’s active and quick growth, let’s examine the factors that affect app costs.

Cost of App Development by Type

Another crucial aspect that must be taken into account is the sort of application. The most popular app categories and their typical development costs are listed below.

App type Estimate cost Time
Mobile App $30,000-$300,000 1,200h
iPhone App $55,000-$300,000 1,200h
Android App $50,000-$300,000 1,200h
Web App  $60,000-$300,000 1,200h
Startup App $40,000-$400,000 1,600h
eCommerce App $60,000-$250,000 1,600h
Social Media App $50,000-$300,000 1,200h
Business App $50,000-$200,000 1,200h
shopify App $30,000-$180,000 900h
Dating App $50,000-$350,000 1,400h,
Food Delivery App $40,000-$150,000 900h
Hybrid App $40,000-$200,000 1,200h
Healthcare App $55,000-$300,000 1,200h

Cost of App Development By Region

A costly item is not necessarily of excellent quality. It simply displays the differences in programmers’ salaries between nations.

average app development cost across the globe

Let’s contrast the pay for programmers in several areas:

Region Hourly rate
United States (USA) 120$-150$
United Kingdom (UK) 100$-120$
Australia 100$-120$
Western Europe 80$-100$
Eastern Europe 30$-50$
India 20$-30$

 

As we can see, there is a significant price difference.

While the identical product might cost you $20–30 per hour in India, the United States has the most costly app development process, costing $12–150 per hour.

But it’s important to realize that the hourly fee will vary according to the following factors:

  1. The programming language used in the creation of the application (Swift, Java, Kotlin, PHP, JavaScript, Golang)
  2. The project’s complexity, the experts engaged (programmers, testers, scrum master, business analyst, project manager)
  3. Their credentials (senior, middle, or junior).

You will be more equipped to analyze the idea the more details you have.

You may generate an initial design for an application that satisfies your objectives by using these key application cost considerations.

Factors That Affect Application Costs

phases of cost of app development

Any app’s typical price varies depending on its design and the integrations needed to implement it as intended.

Let’s say that the cost to construct a basic application ranges from $50,000 to $70,000, while the cost to build a medium-complexity app is from $70,000 to $120,000.

The three key elements that influence an app’s development costs for ios are covered in this section:

  • The design
  • Complexity of features
  • App Host

1- The Design

The process of developing an app includes design as a crucial step. The user interface and user experience are both included in an app. Goal-setting, market research, and user experience are crucial components of an app.

As we add more features and connectors, the time required to construct an app also lengthens and costs more, much as the development process. However, the expense may be managed if you use pre-made templates.

Simply put, the complexity of the design, business logic, and a number of roles have a big impact on how much it costs to develop an app.

Let’s talk about how this functions.

1- Simple design

A simple UI/UX design is one with few features, straightforward operations, three to four displays, and no data storage. Only a few frameworks and connectors guarantee the functionality that is actually required.

Simply said, only features that are absolutely necessary for the app are implemented. For instance, no backend development is necessary and is not generated if your app does not include a significant quantity of data. This aids in cost management.

2- Custom Design 

More specialized features and functionalities are brought on via customization. React.js development, Vue.js, and Angular are just a few of the frameworks that enable adding features and animations. As a result, prepare for an increase in the cost of developing apps when adding third-party connectors, frameworks, and libraries.

More personalization translates into a higher price. Always keep in mind that simplicity is cost-effective.

In actuality, every online or mobile application you use every day has a customized design, including TikTok, Facebook, Instagram, Salesforce, and so forth.

2- Complexity of Features

The cost to construct an application also depends on how sophisticated the business logic is: how many roles are in the app, how many features are included, and how complex the features are.

1- Cross-platform or native apps

You cannot afford to make a mistake whether you choose to create for one platform or several. In a metaphorical sense, cross-platform application development, or programs created for Android, iOS, or the web, are less expensive to create and maintain than native apps, or programs created specifically for app development on Android, iOS, or the web. And that is the primary distinction between native and cross-platform ones.

Before you start developing your app, choose the right technology stack for your application. Think about the market share, device, and ubiquity when doing this. Only proceed after confirming these factors.

2- Complexity of databases

The cost of developing an app is directly impacted by the addition of a database. More data storage is needed for some extra features including in-app purchases, social network integration, location tracking, enhanced security, and geolocation.

At the same time, it’s critical to comprehend your clientele. This also aids in cost estimation. More clients require more data to be stored.

For instance, streaming services like Netflix and video storage services like YouTube demand considerable server leasing expenses. because video files require a large amount of storage.

However, less resource-intensive file storage solutions need a lot less server space and are therefore less expensive. For instance, to-do lists on sites like Todoist.

3- Number of roles (complexity with roots)

To ensure that the business logic will be useful for all types of users in a customized design, the designer may need to create user roles. Usually, this entails figuring out “who can see what” inside of a piece of software. This makes it easier to build a suite with a variety of uses.

Common processes, modular widget design, global navigation positioning, and user-specific language are used to build this sort of capability. If necessary, this modification adds time and expense.

4- Recurring payments

Recurring payments, such as those seen in eCommerce apps, need a greater level of security and functionality. They also require additional data storage. Furthermore, because each product requires a unique website, information storage becomes critical.

Integrating these features for a better user experience takes time, which increases the cost of app development.

3- Hosting an app

To be accessible and hosted on the internet, an app has to be on a server or in a distant modern cloud application development infrastructure.

The most popular hosting service, known as Amazon Online Services or AWS, provides affordable hosting options for mobile or web apps. A few AWS services are available for a free trial. However, you can choose according to your needs. For instance, Cloud Hosting options at ResellerClub start from as low as $3.99/month.

React server-side rendering might be a nice feature if you want to fully utilize scale and compute. But it scales prices.

do you want to create a reliable app for your company

Hidden App Development Costs You Need to Know

The following expenses are added to the total to determine how much it takes to create a successful app:

  1. Functional changes as integration fees from outside parties. Examples all include geolocation app development, SMS or push alerts, and payment gateways.
  2. Administrative or management fees. For instance, the pay for a content manager.
  3. The expense of infrastructure. The server, CDN, and integration fees for Redis, for example.
  4. Support obligations Additional charges for application updates, bug fixes, or future upgrades.

Let’s examine the specifics. For instance, the app’s development cost $75,000 in total.

  1. They can cost anywhere from $5,000 and $20,000 a year, depending on the volume and number of integrations.
  2. The cost of maintaining the application would be $15,000 per year or 20% of the initial development cost.

App marketing would cost between $75,000 and $150,000 each year, or 50 to 100% of the initial development cost.

What to Pay Attention to When Choosing an App Development Company?

There are several IT outsourcing businesses that provide a variety of services. How can you locate a trustworthy business partner that can provide items of a high standard?

First and foremost, it’s best to thoroughly investigate IT businesses to ensure they fulfill the needs of your product.

Here are some suggestions to aid you in selecting an IT business that can complete your project needs and produce the program you require:

1- Decide on the requirements for your application

2- Try to choose full-service companies

3- Interview the developers personally

4- Research the company’s portfolio

5- Learn about the company’s privacy and data security policy

Tips to Minimize App Development Cost?

To lower the overall cost of app development, you can think of some effective measures from designing to testing or from planning to execution. Here’s a little rundown of things you can do to lessen the expense.

1- Make a definite arrangement – Getting it on paper is a superior procedure! Come to designers with an unmistakable thought and an approach to appropriately clarify it.

2 – Offer specific details and technical aspects. This can spare you from miscommunication, mental meltdowns, and loss of assets.

3 – Consider MVP development. A Minimum Value Product for startups (MVP) can assist you with gathering information and dodging issues or bugs in-between sometime before you dispatch.

4 – Speak with the teams reliably. This will keep you and the group in the same spot. On the off chance that anything disappears, at that point, you may pay later for the things you missed.

5 – Lean toward testing from the earliest starting point. It may appear glaringly evident, yet not every person does this. Early testing encourages you to discover bugs that, if not remedied in an auspicious way, can cause more bugs, later on, prompting the need to revamp entire highlights.

6 – Code Optimization: According to the updates and upgrades, your team needs to optimize the code and run them again for better app performance. This will make the project better than before and help to fix bugs hidden in the app.

7 – Work together with a Good Agency. Here and there it’s more astute to pay somewhat more for an engineer experienced in your field and with a decent notoriety. Check past activities and audits on proficient stages like Clutch.

Examples of Popular Apps and their Average Cost

Here are a few instances of well-known applications that are revolutionizing user experience and dominating the app industry. We also discussed the typical price associated with creating such apps.

1- Uber

Uber is a well-known ride-sharing app that links drivers and passengers all around the world. Customers can order a car now or at a later time via the app. Drivers in the area hear those demands. An app like Uber may be developed for anywhere between $25,000 and $150,000 on average.

2- WhatsApp

Using the internet or wi-fi, users of this instant messaging program may communicate with one other in real-time. Additionally, it allows users to take and publish photographs or status updates and conduct quick video or voice calls. A messaging service similar to WhatsApp would cost between $40,000 and $50,000 to develop.

3- Netflix

The most popular media streaming service in the world is Netflix. Users may watch television episodes and movies whenever they want. An app like Netflix for digital transformation typically costs between $25,000 and $140,000 to build.

4- Snapchat

In the realm of social media applications, Snapchat has changed the game with more than 300 million daily active users. Through filters and interactive lenses, this well-known messaging software has been a pioneer in introducing augmented reality to its users. Additionally, you may use the app to send multimedia messages that “self-destruct” after up to 10 seconds. The price to create an app similar to Snapchat might range from $45,000 to $60,000. between $40,000 and $50,000.

How can Appventurez Help you with App Development Cost Estimation? 

So, how much does it cost to create an app? Well, it’s quite evident that there is no clear-cut answer to this question. Considering all the influencing factors should help you arrive at a nearly accurate cost for turning your innovative app idea into a reality. 

In case you still feel that calculating the final cost of mobile application development is strenuous, you can consult a reliable app development company like Appventurez for top-notch mobile app development services. The experts here specialize in building and launching the most innovative and scalable apps with next-gen features and functionalities.

So, in case you are planning to build innovative apps or want to get a rough estimate for creating an app for your business, contact us

are you ready to develop a scalable app for your project

FAQs

Q- What are the stages of the mobile app development process?

The need to use extensive resources

Every development cycle starts with a plan and a set of objectives. Then comes the crucial stages of app development.

  1. Requirements analysis
  2. Designing app layout and theme
  3. Developing an app with core features
  4. Testing and quality assurance
  5. App launch
  6. Post-launch app maintenance.

Q- Freelancers vs Mobile app development company: What to choose?

The benefits of working with specialists are minimal app development costs. Then again, this participation has heaps of associated dangers like lower administration quality, the executives of the procedure are your ally, constrained responsibility, and straightforwardness. You can evacuate these dangers when working with product improvement, and organization and utilize benefits like venture the executives, responsibility, and order

Q- How much should I spend on app maintenance?

The app maintenance expenses may go from 15% to 20% of the overall cost to develop an app. As such, if you paid $40,000 for an essential application, at that point you ought to be prepared to contribute from $6,000 to $8,000 for upkeep.

Ajay Kumar

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Inquiries : +91-9899 650980

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Inquiries : +1-424-903-8644

Office #216 Regus Tower Bank Street, Doha Qatar

Inquiries : +974-33497259

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Inquiries : +1-424-903-8644

Rimal 5 Jumeirah Beach Residence 2 Dubai

Inquiries : +1-424-903-8644

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Inquiries : +27 737 810 945

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Inquiries : +1-424-903-8644

Netherlands flag appventurez
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Inquiries : +31-(0)-61-020-9692

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Inquiries : +521 332 393 9998

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