Did you have a revelation in the recent past that led you to say, “I have an idea for an app?
If yes, then the next question is how much does it cost to develop an app.
A lot of factors are involved in mobile app development costs.
Right from the idea validation to proof of concept, designing, prototyping, development, support, and marketing.
All these aspects are a part of mobile application development cost and necessary to build a product worthy of mass adoption.
Moreover, 29% of the startups fail due to running out of cash reported by CB Insights Report.
18% do not see maturity due to inadequate pricing.
8% fail for the lack of financing.
And another 8% shut down due to cash burn.
So, at least 50% of startups fail because of money being a direct or an indirect reason.
This means that directly or indirectly, you need to understand the dynamics of mobile app development costs.
Developing an app is not easy.
It is a complex exercise and requires time, effort, not to mention money.
Irrespective of the type of application you want to build, it is our recommendation not to compromise in the development.
Because the cost of not providing a quality product is much more than monetary loss.
Users tend to remember their experiences with a brand.
And once they go through a bad experience, it sticks.
That is why in this article on mobile application development cost, we will talk about the different aspects of application development.
At the same time, the high cost of development does not necessarily mean good.
You should know how to strike a balance between everything.
We will talk about these aspects in this article and take you through the process.
What is the Cost of Developing an App?
The mobile app development cost ranges between $10,000 to $150,000.
This wide range of costs is because of the diversity in the process of application development.
The actual cost of development depends on integrations and features.
Plus, it also depends on the size, platform, complexity in design, and other similar factors.
Go through the table to understand it better.
One of the major activities that can lead to an increase in cost is the features.
If you keep on adding more features, the cost will keep on climbing.
That is why it is essential to draft the requirements of the application before you start with the coding part.
What follows is an account of the factors that play a role in mobile application development cost.
Factors that Affect the Mobile App Development Cost
The following section is divided into three blocks;
- Application Complexity
- Design and Development
- Tech Stack
We will discuss these three aspects in detail.
Starting with the Application Complexity
In this context, the application’s complexity level is decided by the number of features you wish to add.
More features mean higher complexity levels and vice versa. For instance, an application that has 10 core features and functions will be harder to develop as compared to an application that has less number of features, say 5.
Similarly, the cost to develop and codify these features is also dependent on the number and their depth.
Having said that, you cannot expect any developer to share the mobile app development cost right off the bat.
They also have to consider a lot of things before sharing the price.
Plus, your aim for creating any sort of application has to provide the highest level of functionality to the users. And functionality should not be defined by any sort of barrier.
Just like we have given the estimated cost of mobile application development according to the type of application, here are the core features required to build them.
Basic Application With Simple Features:
Such applications are defined by simple functionality. There are no options for data storage and retrieval and the design is also simple.
The major features include:
- Login, Sign In, and Signup
- Profile Creation and Editing
- Notifications
- Search option
- Messaging
- Dashboard
We can include applications like a business calculator or an alarm clock in this example.
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