You must have encountered this question once or twice, especially if you are interested in app development. As per the latest industry reports, the cost for creating an app lies somewhere between $20,000 and $250,000. The average cost of creating an app is approximately $172,000. Remember that the above-mentioned figures are just estimates, and the final cost of an app project can vary more or less per the requirements.
But the answer to the question of how is app development cost calculated is here. This article discusses an in-depth overview of the global software development market state. Along with this, you will also learn how much it cost to build an app, what all factors influence the cost and how to effectively manage app development costs to avoid unexpected expenses in the future.
How Much Does It Cost to Build an App on Your Own?
Firstly, building a mobile app by yourself is quite not possible and if it is than it’s not as easy as it might look to you. You can make an app with enough technical knowledge and expertise, but it’s not one person’s job. App development is a process that needs a whole team of developers, designers, project managers, and quality assurance engineers for a successful launch of an app. The combined work of all teams on the project turns the app idea into a full-fledged app in a span of 3–6 months, depending on the number and complexity of features.
Cost to Build a Mobile App Depending on the App Type
Developing an app is really not a piece of cake. This requires a lot of team effort and proper planning within the requested timelines. From analyzing the customer’s need to marketing it right, this all has to be done in the right manner.
Factors Affecting the Cost to Build an App:
The answer to the question of how much does it cost to build an app is a complex one, as several factors influence the final cost of developing an app. Continue the read on some of the factors that affect the cost to make an app are listed below:
Mobile App Features and Functionality
Trying to get an answer for how much it cost to build a mobile app can only be attained with an understanding of which features you are going to include in your app. This is the most significant cost driver factor, as some can take months to implement. On average, the cost of developing a mobile app can shift in either direction depending on the number and complexity of features you want to implement.
Designing of an App
The UI/UX stage of the mobile app development is fully detailed to create user flows, defining how users will interact with the application and how the interface will look. The feature is important to make the app user-friendly. Some of us appreciate and like the minimalist look of the app, but many are also there who like the vibrant look of an app. The look and feel of the app also depend on type of business you have. No matter the business idea the primary focus should be the app looks are sorted and easy for customers to access.
The cost of developing an app also depends on which Operating System you are planning to launch the app. As per the current stats, android is ruling the market holding 72.83% of the market share in the mobile app industry, whereas iOS has 26.35% of the market share. Therefore, it is important to decide on your audience before launching the app. The development of the android app is relatively more expensive than the iOS because the development time of an Android app is more than iOS. Make yourself aware of how much it cost to build an iOS app and then observe the difference on your own.
A strong backend increases the average cost of developing an app. The backend holds the empowerment of an app. Hence it is very important to have a great backend involved while developing an app. Backend offers things such as a cloud server, customer server and MBaaS(Mobile backend as a service) that float your data on the cloud to provide quick results. These hold functions such as encryption, security, database, storage and crucial and significant information. The app scalability and snappiness depend completely on how scalable your backend is.
Geographical Location of the Development Team
The success of the app largely depends upon how well the app development team works on the application. A well-known fact that experience holders and talented developers charge more money for what they are capable of doing when it comes to developing a mobile app. The cost to build a mobile app depends upon the domains where they are located. For instance, the average cost in the USA will be more than as compared to Asian countries offering the same service at different prices. Therefore, when you decide to outsource app development, you must choose your options carefully regarding where you want to acquire the development services.
Cost of Outsourcing Mobile App Development: In-house vs. Agencies
You need to decide whether to develop an app in-house or outsource the process to a third-party development company. Both have their pros and cons. When working with an in-house development team, the major advantage is direct communication, deep involvement, face-to-face meetings and complete control over the team. Another side of the coin is the lack of talent, the need for huge initial investments and dealing with hiring and procedural problems.
Whereas working with an outsourcing company or agency has its advantages; therefore, many individuals prefer outsourcing over in-house. It’s major benefits are far greater than the issues. The benefit of outsourcing the app development team is an unlimited pool of talent, a high level of expertise, cost-deduction, flexibility and no need for any kind of initial investments. The disadvantages with the outsourcing companies or agencies are time zone differences and lack of personal control.
Publishing the App
After the app has been successfully developed by the developers, and the QA team has also assured the app’s quality as it is free of bugs. Now is the time, your app is ready for the next big step i.e. deployment of the app on either of the store App store or Google Play Store or both as per need. If you are adding process steps for estimating the cost of developing an app, count this process in. This process involves many documentation and protocols involved at places related to security purposes.
Marketing the App
Once the app is developed and deployed on the app store, it’s time to create a lot of buzz. Many marketers treat the launch of an app as a big event and, with the right approach, make it a huge success that results in downloads and usability from the users. Even though the app marketing budget is a separate thing, but it is advised you must include it within the total app budget.
App Maintenance Cost
If you think you are just concerned about the cost of making an app and you don’t know that only building an app will not mark your work as done. Revamping and maintaining the app requires double the cost of creating an app.