Mobile App Development Cost: Key Factors That You Can Consider

Developing a mobile app is not an easy task, to be honest. To develop a fully functional and successful application, developers must perform various tasks and go through multiple development phases. In this post, I am going to explain all factors that affect the cost of building up a mobile app. Give it a look:

According to Statista and Market Research, mobile app revenues are expected to reach over $180 billion by 2021 through in-app purchases, downloads, and ads.

These numbers clearly indicate that mobile applications are highly utilized by consumers to order food, groceries, medicines, book travel, or shop online.

Top mobile app development trends:

• AR Apps
• eCommerce
• AI-Enabled Apps
• Beacon Technology
• Blockchain-Powered Mobile Apps
• Wearable apps

Key factors that affect app development cost

Depending on many factors, it takes few months to complete mobile app development projects. These factors are also significant in determining the success of your app development project. This section defines the following:

• Type and size
• Platforms and devices
• The geographic location of the company
• UI/UX Design
• Features and functionalities
• Marketing and maintenance costs

Have a quick look at the mobile app development cost in detail:

Type and size of the app

The cost of creating applications depends on their size, type, and complexity. Mobile apps are divided into 3 types:

• Small
• Medium
• Large

Apps for small amounts: These applications are designed for a single platform and have limited features and functionality. They likewise accompany standard UI components. These apps don't require API integration or backend development. For example, A weather app is already pre-installed on most smartphones.

Moderate apps: Applications that are designed for one platform, but have custom UI and payment options. This category also incorporates apps that can be utilized on more than one platform but are less complex.

Complex or large apps: Applications have a lot more features such as multi-language support, multiple payment options (credit/debit cards, in-app wallets, net banking, cash, etc), third-party integrations, amazing design, and custom animations. These sorts of apps require backend development that is very hard to store and manage large databases.

Now you must be wondering how much does mobile app development costs? Continue reading to know all about the costs of creating a mobile app, including the upsides and downsides.

• Mobile apps with simple functionality
• Native mobile apps
• Hybrid mobile apps
• Apps for mobile gaming
• Database-driven mobile apps
• Updates and maintenance

Platforms and Devices

The application's cost will be affected by the platform and device (Android, iOS, or both) it is developed for. A single app will be less expensive than one that is built up for multiple platforms. The total cost will rise if you are going to develop apps for connected TVs and wearables.

The cost of creating mobile apps for Android, iOS, and any other platform are also variable. Device generation is another vital factor to think about. Applications designed to work with older devices require more time and effort, which can augment the development cost.

The location of the company

The cost of building up a mobile app can vary depending on whether you work with a small or large company or hire specialist developers. A big company might have many departments that are responsible for different tasks. This can prompt high costs. A startup company or freelancer developer might offer mobile app development services at less cost. This is because they might have one team that can deal with all tasks.

The development cost will also be affected by the geographic location of the company. The basic team consists of a project manager, UI/UX designer, Android developer, iOS developer, and QA tester. An extended team includes 1 project manager, 2 to 4 developers (Android & iOS), a QA team, a system administrator, and 2 designers. If the project is large or complex, it may require a huge team. This will augment the overall development cost.

Application Design

While using any application, users will always first see mobile app design. It ought to be attractive and eye-catchy. Mobile app design includes logos, icons, colors, and wireframes. UI is also a vital factor. The following factors can affect whether designing costs increase or decrease: the location of the designer, the experience of the designer, the complexity of the design; and the platform & tools which will be used.

Features and functionalities

Mobile apps can include things such as choosing the right CMS, right backend infrastructure and integrating third-party services.

Also, a number of features and functionalities can also increase the cost of the application. These are:

• Social media login
• Advanced search option
• Push notifications
• Multiple payment options
• Navigation
• Real-time tracking
• In-app chat or call
• Geolocation
• In-app purchases
• Ratings & Reviews

Mobile App Development Cost

The cost of creating an application totally depends on your requirements. The cost for a basic app is $5000 - 10000, for a less complex app the cost will be $10000 - $25000, and 30000 - $50000 to develop a complex mobile app. But this cost will vary based on your requirements and other factors. To start your app development journey, always hire a reputed mobile app development services provider company.

Conclusion

Now you know that there are multiple aspects determining the cost of application development. Nowadays, mobile apps are in high demand among people and will keep on the rise in the coming years. Hope you have found this post helpful in determining the cost of developing a mobile app for your business.

Originally published at: premiumpost.co