If you are wondering how much does it cost to develop a mobile app. You came to the right place!
The industry of mobile applications is growing at a rapid pace with there being no visible signs of stopping. Most of the newbies who are planning to make an app have two questions in mind: “What is the approximate Cost to develop a mobile App” and “Which factors affect the costs of developing an app?”
The answer to these questions can be found on the web, or you can speak to an app development company to find out if you want a quote specific to your idea.
The Statista report shows mobile apps are projected to generate more than 613Bn U.S. dollars in revenue in 2025. Another report show, revenue in the application development software market is projected to reach US $67 Bn in 2023.
With this, the number of mobile app downloads is increasing year by year. The US, China, Japan, Germany, and India are the biggest app development markets in the world.
Having a mobile app for your business is the golden opportunity to create profit, a dream lifestyle or to bring a much-needed service to the public’s lives. Once you have validated your concept with proper research, all the money that you are going to invest in your app will be likely to pay off, assuming that you execute your app business correctly.
The cost of developing a Mobile app depends a lot on how much you are willing to spend, as this decides what features you are planning to involve in your application. The more ambitious the features that you decide to include in your application, the more expensive the development of the mobile app will be.
Without further ado, let’s dive in!
“Mobile apps are transforming the way we work, play, and communicate.” – Satya Nadella, CEO of Microsoft
How Much Does It Cost to Develop a Mobile App?
The mobile app development cost depends on several factors. To take a rough figure of how much it costs for app development (on an average of $50 per hour)
However, the cost to develop a mobile app: The basic app will cost you around $15,000-$25,000. An app with medium complexity will cost you between $30,000-$50,000. If you want to develop an app with the most advanced features and high complexity, then it is likely to cost you more than $60,000 app development cost.
There are thousands of companies worldwide that guarantee to deliver highly robust and flexible solutions. Choosing the right Fintech App Development service provider is an exhausting task for both start-ups and well-settled businesses.
As well as the factors already discussed, the cost also varies according to the experience and expertise of the team that you hire. An inexperienced team is likely to have low overheads and lower salaries which filter down to a lower cost for the client.
However, a highly experienced team that is experts in their field will cost a lot more for similar reasons.
In-house Development or Outsourcing
While planning Mobile app development, apart from the cost of creating a mobile app, there are some other factors that you need to consider in the development process.
One of which is hiring a team for app development. While hiring, you can go with outsourcing or local in-house development.
In some cases, in-house development is the best option for app development. One meaningful advantage of in-house development is the physical proximity to the development team.
Of course, being able to tell your requirements face to face by walking to the developer’s desks is ideal in most situations. This also makes testing your product before completion a much easier task.
On the other hand, outsourcing development offers a variety of benefits. Communicating with your team remotely seems hard, but it can be excellent if the team hired takes pride in having good communication with their clients.
Undoubtedly, outsourced teams are typically much more experienced, as they have completed a wide range of projects, and as a result, often perform a lot better than in-house developers.
Therefore, your chances of finding a trustworthy and highly capable team are much higher with an outsourced team in comparison to an in-house team.
| In-house development | Outsourcing |
| Deep involvement | Reasonable cost |
| Physical proximity | Higher-level expertise |
| Training investments required | Lack of personal control |
| Easy communication | Flexibility |
How App Development Cost Is Affected?
While developing an app, you cannot expect your development company to inform you about the exact cost of the app development that you will pay for the whole project.
On the vast majority of projects, changed requirements are requested due to new ideas, feedback from potential customers, or a desire to develop an existing requirement further.
Since various factors affect the average app development cost, the cost fluctuates depending on these changed requirements.
Although a development team can provide you an estimated cost and time needed for the development of your app. The most significant factor that affects the development cost and timing are mentioned below.
- Platforms
- Cost based on the type of app
- Features and Functionality
- Backend and App Administration
These are the most common and significant features which affect the cost of app development. So, before you go on to hire mobile app developers, we will discuss these factors in detail.
Platforms
Basically, there are three platforms for which apps are developed: iOS, Android, and Windows. Android and iOS are preferred by most users, with the cost of app development for both of these platforms being different.
The iOS app development cost is typically much more expensive than the Android app development cost. Before making a decision on which platform you should develop an app, you must look at the market share of these platforms for your target industry. Developing mobile applications for these platforms differs greatly. Both platforms use different programming languages, have different SDKs, and use different development tools.
Similarly, if you are planning to develop an app for a single platform then it will cost you less. But if you want your application to run on both platforms, then you have to be prepared to pay more for the app development.
The idea of cross-platform development or hybrid development cost is the best option in some cases.
However, depending on the size of your project, it may be more appropriate to select native development, if you desire a bespoke application that is tailored to the user’s device.
Cost based on the type of app
The cost of mobile app development can vary significantly depending on the type of app you want to create. Let’s look at some of the examples:
| Travel app development cost | $10,000-$50,000 |
| eCommerce app development cost | $20,000-$100,000 |
| Taxi booking app development cost | $30,000-$100,000 |
| Car wash app development cost | $25,000-$100,000 |
| Laundry app development cost | $30,000-$100,000 |
| OTT app development cost | $20,000-$100,000 |
| Social media app development cost | $30,000-$100,000 |
Functionality and Features
If you want to find out the answer to “how much does it cost to develop a phone app”, then you should first find out the complexity of the app to develop.
Functionality, features, and complexity are some of the important features that affect the development cost.
Let’s discuss the features and functions which influence the complexity of the application. While the implementation of some features is lengthy and time-consuming. Some other features are simple and easy to implement.
Sometimes, the developer uses third-party APIs, and sometimes.
They use code that is written completely from scratch for implementing complex and unique functions and features.
It will not be a surprise to you that a mobile application requiring code to be written completely from scratch will be more expensive. Some of the most common features that affect the development cost are discussed below.
Backend and Administration Panel
The Backend is the OS (Operating System). This allows developers to integrate APIs into the app for data exchange between the database and the app.
The backend is equipped with analytical tools to track user activity and app performance. The backend is also where the user requests are recognized and processed for the app to action. This all looks seamless on the front-end code, but behind the scenes, the backend is working extremely hard! Usually, the cost of building an app varies significantly according to the number of parameters you want to track, how detailed the tracking will be, and the workload of the backend processing.
For managing the content of the app, user data, and statistics, the administration panel is the most important tool. Various options are available from which you can choose, but finding the correct admin panel is a task you’ll have to complete. You can also have created for yourself a custom and robust admin panel in accordance with your specific business needs.
Total Cost of Developing a Mobile Application
We have talked about all the factors that will affect the cost of mobile app development. But no one can estimate the exact mobile app development cost. So there is a formula that can help you with the exact cost of mobile app development.
The number of development hours x Hourly rate of the developers
With this you’ll get the exact cost to develop an app varies from project to project.
Now, there are several reasons why the cost of app development can vary so greatly. And one of the biggest reasons is the fact that there are various factors involved in the process which affect the cost.
Therefore, without learning about these factors. While each project has unique factors, there are some common ones; we shall be looking at these below:
- App Platform
- Tech Stack
- Team Size
- Complexity
- Developer’s Location
These are some of the factors. Now, if you are looking for the average price to develop an app, it can range from around $15,000-$25,000. An app with medium complexity will cost you between $30,000-$50,000.
If you are looking for a closer app development fee estimate, it is highly recommended that you consult a mobile app development company that can help you with the same.
Conclusion
These are some important factors and points that are very useful in your quest to find out the cost of a mobile application for your business idea. If you still have any doubts or queries about the cost of development or the mobile app development process, then contact us now. Nimble AppGenie as a market-leading mobile app development company will help you with your planning and also the development of your innovative app for your business.
FAQ
The cost is influenced by factors such as the platform, app complexity, features, functionality, backend, and app administration.
A basic mobile app can cost between $10,000 to $50,000, depending on the platform, features, and functionality.
Developing an app for both platforms can cost between $50,000 to $150,000 or more while developing for a single platform can cost between $10,000 to $50,000.
The development time varies based on the complexity of the app. The longer it takes, the more it will cost.
Yes, by focusing on the most essential features, hiring a reputable developer, and considering a hybrid app.
Costs may include server hosting, app maintenance, app updates, app store fees, and third-party integration costs.
Work with a reputable mobile app development team, provide detailed project requirements, and request a detailed cost breakdown.
Look for experience, reputation, technical expertise, communication skills, and a portfolio of successful projects.
Hybrid app development can be less expensive than native app development, but it depends on the features and functionality required.
Jermaine Trotman is the co-founder of Nimble AppGenie, a company renowned for its bespoke mobile app development and web development in e-wallet app development and fintech development.
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