How Much App Development Can Cost You?

Having a mobile application is the need of the day in today’s era. There are many businesses that solely runs via app. And why not? When 65 percent of online traffic is being received from mobile devices. This increasing inclination towards mobile apps is giving a good boost to mobile app development industry. It is estimated that by 2020 this industry would hit $100 Million.

If this trend keep on rising in such a way, the patrons of mobile app development industry are also going to derive huge benefits out of it. This indeed gives a rise to stiff competition in the industry. This might drop the prices to be quoted for the service, to a surprising level! But let’s talk about today’s market… how much getting an app cost us?

First of all, you must answer these questions…

  1. Does your business actually require a mobile app?
  2. What type of application do you really need?
  3. Can your organization afford the maintenance and upgradation?
  4. For which platform you are going to create the app? Android or iOS?
  5. Will it be a paid or free app?

Don’t get into getting an app just for the heck of it. Because having and maintaining it would involve money and sometimes big money.

So how much money you have to shell out to take your business mobile?

Well, lot of things depend on your requirements and expectations from the app. In general, app building team has 4 major elements,

  • Project Manager
  • UI/UX Designer
  • Developer
  • QA / Tester

The development team would analyze the complexity of your demands. And, the time requirement to get the whole project ready is from 10 weeks to 28 weeks, depending upon its complexity. Complexity of an app can be categorized as;

  1. Elementary apps which costs approx $10,000 to $30,000
  2. Standard apps costs approx $40,000 to $55,000
  3. Complex apps costs about $55,000 to $70,000
  4. High tech apps costs about $75,000 to $10,000

This pricing structure might look too pricey in the beginning but when you actually sit down with the development team, you will realize that every penny that you are spending is worth of it.

In most of the package you can find many additional services like hosting, SDK, in app purchase capabilities etc. These services helps in monetizing your app and establishing your brand. In lucky situations, you could find an app development service that can help you in creating cross platform and hybrid apps included in these packages.

The pricing mentioned above can vary a bit depending upon the situation and service provider you are hiring. But if done properly, having a relevant app for the business can  boost your business many folds.