You have an idea for an app. I have an idea for an app. Everyone seems to have an idea for an app.
Anyone and everyone want to build an app but little do they know about what goes into building a profitable app.
The median cost to develop an app ranges anywhere from $45,000 to $75,000. However, developing an app with a complex set of features can reach up to $250,000+.
How about I tell you that app development costs vary from region to region and feature to feature. For instance, hourly rates for app development in the US begin from $150/hr. While, in India, the rates range anywhere from 25$/hr to up to 100$/hr. However, there are various factors that influence your app development in terms of costs and time.
HOW MUCH DOES IT COST TO BUILD AN APP?
The final cost of an application is determined by a variety of factors, but to sum it all up, we get the following picture. Depending upon the complexity of app development, at $40/hr, the average cost will be:
In this guide, our software development company has evaluated a few studies and presented our experience in defining app cost ranges based on distinct factors.
You can simply estimate the cost of your future app, learn how app development costs are calculated, manage your budget, and save money.
So, let's get started on figuring out what factors and budget you'll need to invest in creating your type of app concept.
APP DEVELOPMENT COST BREAK DOWN FOR 2022
Depending on the app features, the costs to develop an app can quickly go overboard.
In order to understand and estimate your app project, you need to consider several factors and get in touch with a reliable app developer. Or you can use this app cost calculator.
These numbers aren’t set in stone, but they give you an idea of the wide price range. Before you start app development, getting your app revenue strategy is crucial.
Without deciding on your app monetization models, you could end up wasting time and money. Just as we first research and then plan a strategy before opening a business, the same kind of R&D goes before developing an app. You cannot expect your business to run and become profitable unless you have laid out a doable execution plan. Similarly, before diving into the diverse and dynamic world of mobile app development, research your purpose and app idea.
To know if your app idea is really worth it, consult professionals or app developers who can guide you better.
Key Factors affecting app development costs
1. LOCATION AND STRUCTURE OF A DEVELOPMENT TEAM
Though offshore outsourcing has a few drawbacks, such as the time difference, which makes it difficult to communicate with your far-flung development staff, many businesses choose this option because of the financial benefits. Moreover, you can outsource development to a location with a few hours of overlap, allowing you to stay in touch with your team and get everything done on time.
A high price does not always indicate a high-quality product. It only shows the salary variations of programmers in different countries. Let’s compare the programmers’ rates in different regions:
As we can see, the price difference is substantial.
The most expensive app development process is in the United States, $120-150 per hour, while the same product can cost you $20-30 per hour in India.
2. TYPE AND SIZE OF THE APP
The price of developing a mobile app are split into three categories based on their size and complexity: small, medium, and large.
- Small apps are designed for a single platform and have minimal functionality and standard UI components. These apps don't require backend development or API integration. Consider For eg, a weather app that comes pre-installed on the majority of devices.
- Medium apps are built for a single platform but offer unique UI and payment systems. This category also includes apps that are created for more than one platform but are less complicated.
- Large or complicated apps have far more functionality than the other two (multilingual support, third-party integrations, professional design, custom animations, and so on). In order to store and maintain large databases, these apps also necessitate significant backend programming. The Uber and Instagram mobile applications are examples of huge apps.
All the following components affect the cost of a small, moderate, and complex mobile application:
Simple functionality mobile apps
Native mobile apps
Mobile gaming apps
Hybrid mobile apps
Mobile apps mainly built particularly for a device hardware or firmware
Database-driven mobile apps
3. PLATFORMS AND DEVICES
The cost of an app is directly affected by the platform and device on which it is built. Designing an app for a single platform, for example, will be less expensive than developing one for multiple platforms. Similarly, developing companion applications for connected TV and wearable will also raise the total cost of mobile app development. The cost of developing a mobile app for Android, iOS, or any other platform varies as well. The device generation is another key factor to consider in this category. Apps that support older devices take more effort and time to design, which drives up the cost of mobile app development.
4. DESIGN OF THE MOBILE APP
The first thing users see when they open your app is design. You either make a good first impression or lose a chance to attract them. Designing a UX and UI for your app will cost you $5,000 and up for 10-20 app screens. The cost of designing an app depends on the number of screens, visuals complexity, the need for custom elements, complex illustrations, and branding. Factors based on which designing cost increases or decreases are: experience of the designer, location of the designer, complexity of the design, and platform for which the design is to be made.
5. FEATURES & FUNCTIONALITY
Knowing the answer to "How much does it cost to design an app:" is impossible without first determining the features you will provide to your users. These are the most significant cost drivers, as some can take months to implement. Functionalities of a mobile application include elements like deciding on the back-end infrastructure, third-party service integration, selection of the correct content management system, and technologies. These factors may increase or decrease the total cost of development, depending on your choice. Apart from this, if you add extra features to your mobile app, then its cost would significantly increase. Here are some of the features that businesses seek out for in a mobile app:
- User login
- Sign up through social media or email
- Push notifications
- Chat or messaging
- Portrait or landscape view
- In-app purchases
- Payment integration
- Maps integration
The features may vary depending on the type of mobile application,.
Here is how much companies usually pay for the implementation of some basic and flagship features:
6.COST OF APP MAINTENANCE AND MARKETING
These two are considered as an additional cost of the app. Maintaining an app means releasing new updates to upgrade the functionalities and features of the app, fixing out different bugs, and more. Apart from the maintenance, your app also needs marketing to let your targeted audience know about it and stand out in the competitive market.