How Much Does It Cost to Develop an App: Project Budget Estimation

We are engaged in software development for more than seven years, to provide customers with leading-edge software solutions. Our experience tells us that the most common issue about creating applications is the cost of this service. We want to answer this question is clear because it can reveal all the factors which affect the price. Entrepreneurs with large companies and small businesses are intrigued by the question: how much does it cost to develop an app? The cost deviation may be surprising, so let's clarify the reasons for developing our own business software solution to do the better price estimation.

App development as means of increasing business value

The impact of information technology has penetrated to a large extent in all aspects of our business and everyday life. Revenue growth with network and mobile technology has led to increased demand for business application creation, but this is a hefty investment, so you need to carefully consider how to benefit from software development. Custom software has two main directions: creating mobile and Web software. Each can change the way people do business, help improve customer service, and streamline internal processes.

  • Without barriers. In this busy world, the city does not sleep at night. Every adult citizen in the United States spends about three hours on a mobile device and spends more than an hour of free time on a computer every day. Developing enterprise software, whether network or mobile, can give them the opportunity to interact with the company so they can access 24 hours a day every day.
  • Brand promotion and UI. A business app also helps to attract strong customer relationships around the world. Regardless of the company's location, it integrates the world into business activities and increases brand awareness through brand icons and brands with which you begin to familiarize yourself.
  • Function and usability. Software products provide value to employees and customers. Modern information technology can provide customers and employees with storage and data management, automatic analysis and reporting, order placement and processing, cargo tracking and roadmap manufacturing, and many other features.
  • Return on investment. Finally, mobile software develops new revenue streams through in-app advertising, in-app purchases, and other forms of monetization, and may become a new sales channel.
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What factors influence the cost of the app

The enrollment fee consists of many aspects. The cost depends not only on the composition of the program but also on the compatibility. That is why any price calculator is able to give only approximate cost of the project. In the IT sector, it is a common practice to estimate project costs through development time, and even simple integration of resources may bring many challenges to increasing the time and costs. What are the main factors which affect how much does it cost to develop an app?

Falls and agile methods are the most common method of customizing software development because they have proven their efficiency. Each represents a different way of developing opposing values.

The waterfall model is based on the sequential design process from the conceptual phase to the construction and implantation. The standard means strict documents, fixed budgets and time. If you have a clear list of project specifications and understand exactly what you want to achieve, this method is appropriate. The main disadvantage of this model is that it will not allow changes in the app creation process.

The agile approach is based on the principles of developing requirements and solutions in collaboration within IT team and with customers. This means adaptive planning, iterative development, and early delivery. Rapid and flexible response to changes to enable continuous improvement, according to the customer's needs to adjust the product. This method of may help people get a vague idea of ​​the software to get the apps they need. The disadvantage of this model is that the cost is not corrected and may grow significantly at the end of the project realization.

That is why the budget is limited to the developer, the best careful analysis of the project, to develop a clear idea, consider all the features and requirements, think of the profit strategy. If you can not view the program, you must prepare for higher costs.

The type of software, the combination of your platform or platform, will affect the cost of developing an app. IT companies can provide software development from mobile devices (iOS, Android, Windows Mobile) to desktop devices (web applications) and even combine all these solutions to provide all software which may run on mobile devices and web networks. The price of development will vary depending on your needs and preferences and the operating system you choose.

The best option is to embrace all possible options to expand audience coverage, but not everyone can afford the investment and must choose the best platform based on purpose, function, and audience. Web apps can be the most appropriate solution for business optimization, internal process automation, and employee interaction. When talking about relationships with customers, mobile applications will be the most attractive option. Often companies choose between Android and Apple devices. And here it depends on the target audience. For example, people with higher incomes generally like iOS devices. But the Android platform in the middle class is omnipresent, with 80% of the mobile market share. IOS is widely distributed in the United States, Western Europe and Japan, and Android dominates the rest of the world.

Some people think that Android development takes longer to develop, so the cost is higher. This view is based on the fact that Android has a variety of devices with different screens. To develop software for multiple devices, the developer must ensure each device adjusts its performance and design appearance to each size and screen resolution. This is why it takes a long time to make sure the user experience is error free. In addition, Android is an open source operating system that allows brands like Samsung to make changes to their code. These changes lead to difficulties in writing code for mobile apps in order to take into account changes made by the brand to accommodate all devices. That's why companies tend to implement the first iOS app and then extended to the Android platform. Still, Java developers say Android has improved in recent years, and developers working with both platforms have seen no significant differences between them. The app construction costs on both platforms are quite close, the cost of Android is slightly higher. Although the development of both platforms is almost twice as expensive as spending.

The technical specifications of the program are the major factors that define how much does it cost to develop an app. Apps are having more dynamic and driving content that can be developed. People often distinguish between tables / lists, utilities / productivity, databases, social networks, entertainment, publishing, education, lifestyle applications, and games. The simplicity of the app depends on its functionality. They may display information to users, such as a tablet application, or they may store and manage large amounts of data in real-time with backups using Web services, such as database apps. Finally, they may need to use the device's capabilities for API integration and provide geolocation, social media, camera, and any other features. The function of each program will bring the corresponding cost. Even though the simple function may be due to the implementation of difficulties and spend a lot, and some complex features can cause accessibility flare. To use the platform to find the cost of a particular set of features, you may request multiple developers for the price of the item. The IT consulting program is usually free of charge at well-known software companies.

Custom design is just as important as the application of functionality. A nice icon, attractive user interface, and a pleasing visual element - all of these elements attract the user's attention so they want more apps. To attract users, you will need many interactive elements and design features to attract users. However, the unique design design of the dazzling product portfolio is expensive. Here, you should be prioritized according to your needs, whether you need cutting edge design or the average level will be good. Completion should be based on the target audience and the project budget. If you are sensitive to a design audience, then you should lower your expectations of functionality. If your goal is to develop a business-oriented application for UX or audiences, make sure the design is competitive with industry standards.

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Cost estimation for app development

Custom app projects have a wide range of possible prices due to the individual needs of the customer. In addition, due to different capacities and hourly rates, different developers will estimate the same design at different speeds. Different sources of information, such as claws or Kinvey, claim that the average development of apps takes about $ 170,000 - $ 270,000. We can represent our IT company that the average MVP (minimum feasible product) work program that provides its basic functionality is between $ 30,000 and $ 40,000. Of course, depending on its functionality, the cost may be a simple iOS application that starts at $ 10,000 as well as multiple platforms for complex native apps and hundreds of dollars for web service backups.

Custom development depends on your needs, but if you want to develop business applications for the company, you should consider all the pros and cons and prepare to invest not only money but also your time to work closely with the professional development team as they will be based on your Ideas to provide you with many questions about the industry and its products, and provide solutions for your target audience. We are happy to help you identify your application and design your app for business project. Call us today.