The first question that entrepreneurs ask even before they set out on the journey of mobile app development is – how much does it cost to develop an app? This is because, for a startup that is just stepping into the domain of giving more visibility to their brand, they want to ascertain they do not end up spending much on this task. Hence, they try to get in touch with a company that will support them through this.
If we go by figures represented by Business of Apps, the mobile app development cost for a simple app will be $32000. For a medium one, it will be around $48000. For a complex one, it will be $72000.
After reading this comprehensive guide, this area will be easy for you to get a grasp on. You will also be able to get clarity along the areas listed below so you end up economizing to your best capabilities especially if you are stepping into the array of digitizing your business.
- Why is it important to give prominence to the cost factor?
- What factors get taken into consideration when a business wants to get an estimate of the mobile app development cost?
- As a startup, how much finances are to be kept apart for mobile app development?
- Knowing the cost, how can you save on the area better when you develop the app?
So are you ready to become a master at the game of mobile app development by not spending much? Yes? Let’s begin this article then by understanding first why it is vital to place prominence on the cost factor during the app development phase.
Reasons Why Focus on Cost is Vital during App Development
When you are a startup, it does not make sense to spend excessively on the task of developing a mobile app. Hence, they must give prominence to the cost factor. This will allow them to economize to their best capabilities and ensure they can keep their finances intact.
Having awareness of why it is important to place focus on the cost factor, it is important to get an understanding of the areas that get taken into consideration when estimating the budget. Let’s understand the area better in the lines below.
Factors to Consider to Estimate Mobile App Development Cost
Take a peek at the image below to get an overview of the factors that assist startups to estimate the cost to develop the mobile app.
Image source: doit.software
As you can observe, eight areas allow economizing on cost. This includes- project type, the charges of developers, the team’s location, the features and functionalities you include within, etc. This follows next by the platforms where you launch the app, the customization of design, the different services you get access to for maintenance purposes, and last, for its administration.
Let’s explain these stages below.
- Based on project type, that is the sector for which you are planning the app’s development.
- Based on the complexity of features and functionalities you include within the app.
- Based on the tailored nature of the UI/UX design, if it is common for iOS and Android or different?
- Based on platforms where you launch the app- a separate app for iOS/Android or a cross-platform one.
- Based on how app administration occurs.
- Based on app maintenance activities.
- Based on the country from which you get mobile app development services.
- Based on the charges of the developer.
With clarity now across the factors that allow estimating the budget, let us give you an overview of the budget you have to allocate for this task.
Estimated Cost to Develop an App
How much would it cost to build an app for your business? This is the first question you ought to ask when you commence determining application development costs.
Many factors influence the budget, such as UI UX design, features & functionalities of the app, complexity of the app development, the country from where you hire a company, etc. At $20/hour, the average cost will be:
- Simple App Development Cost – $15,000 to $25,000
- Average App Development Cost – $25,000 to $40,000
- Complex App Development Cost – $40,000 to $60,000
Hidden Fees Charged for Mobile App Development
When an entrepreneurial setup opts for mobile app development services, apart from the charges mentioned above, other additional costs they have to incur are:
- Functional costs or fees for third-party integrations.
- Admin costs for the overall management.
- Infrastructural costs for payments for the server, for the CDN, etc.
- Support charges for app updates, bug fixation, etc.
With the idea now of the cost and the hidden charges, we are sure you have an idea of the cost you would have to incur for the mobile app development. However, read the lines below to know how to save budget in the best possible manner.
How to Keep Budget Intact During Mobile App Development?
Understand Your Needs
First, you have to understand what you want. This means when you perform mobile app development understand what your app will allow your business to achieve.
Connect with Offshore Mobile App Development Company
Keep quality, cost, and speed intact. To do this, connect with a trusted mobile app development company from offshore. This will ascertain that you achieve these areas with added convenience.
Monitor Project Progress
Last, keep a direct connection with the team. Check how they perform app development. This will make it easy to know pitfalls developers faced while performing mobile app development services.
With all these steps followed, you can be sure that the mobile app developed will be of the best quality and will not consume too much of your budget.
Wrapping Up
Formulating the mobile app development cost is not an easy task. This is why you should connect with a partner proficient in building an app that saves on budget. How can you achieve this? Partner with a trusted app development company today. This will ascertain you get a solution that does not take much time for development, allows you to attain scalability, and keep your budget intact.
To summarize, we can clearly see app development costs can be diminished by outsourcing app development services, going for an MVP, using free UI templates, developing cross-platform apps, and understanding the hidden costs.
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