THE ULTIMATE GUIDE TO APP DEVELOPMENT COST

Developing an app is a challenging task, but planning for an app is equally difficult. Before starting with the app development process, you must estimate the cost to develop an app.

Calculating the cost to build an app is not easy as it requires you to understand the several factors influencing it.
In this blog, we will give you in-depth information about the factors that influence app development cost and how you can calculate it.

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How Much Does It Cost to Make an App?
The mobile app development cost depends on a range of factors. According to Clutch, the avg cost of developing an app is $171,450. However, you can build an MVP (Minimum Viable Product) for $10,000 to $20,000.

Read blog how much does it cost to make an app @ https://www.sphinx-solution.com/blog/how-much-does-an-android-app-development-cost-in-india/

Now, in this section, we will discuss the different factors that influence app development cost.

Factors That Affect The App Development Cost

How much does it cost to develop an app? After knowing the factors below, you will easily be able to estimate your app development cost.

Application Type
There are various types of applications, and the app development cost depends on the type you choose for your app development.

Basic App
A basic app is a type of app that includes simple features and requires low-cost platforms for development.
This type of app doesn’t require backend development and takes less time to finish. Calculators, quiz and clock apps are examples of basic apps.
Basic app development cost: $10,000 to $15,000.

Data-driven App
Data-driven apps deal with a lot of information and process it to give it to users. In the last few years, the usage of these apps has reduced as most of their features are built-in devices.

A simple calendar app and maps are an example of data-driven apps. Data-driven app development cost: $10,000 to $20,000.

eCommerce App

The eCommerce apps allow the buying and selling of products/services. They incorporate features like product listing & descriptions, catalogs, chat and contact options, payment gateway, etc.
Examples of eCommerce apps include Amazon, Flipcart, and Myntra.
eCommerce app development cost: $70,000 to $30000.

On-demand Service App
An on-demand service app act as a link between the service provider and the end customer.
They include the features of both eCommerce and Social network apps.
Ola and Uber apps are examples of on-demand service apps.
On-demand service app development cost: $70,000 to $150000.

Marketplace App
A marketplace app offers different types of services and enables users to access the service provider they want. A marketplace app has functionalities of both eCommerce and on-demand apps.
Example of Marketplace app includes TripAdvisor and Policy Bazaar. Marketplace app development cost: $140,000 to $300,00.

Social Network App
Facebook, LinkedIn, and Instagram are examples of social networking apps. These are robust apps as they handle tons of interactions & chat data and enable users to share information.
These types of apps require strong backend development and a huge investment.
Social networking app development cost: $50,000 to $300,000.

Authentication App
An authentication app has features like sending OTPs, storing user data, and providing information across different devices.
McDonald’s loyalty app is an example of an authentication app. The users first have to log in, and then they can get access to its features.
Authentication app development cost: $30,000 to $80,000.

UI/UX Design

Nowadays, customers have got more many options to choose from. Therefore, it has become crucial for businesses to provide the best user experience to their customers.

You should try to build an attractive and engaging design with simple navigation and good features.
Custom app development services like Sphinx Solutions can help you develop personalized UI/UX design. The complexity of your UI/UX design also contributes to the app development cost.

The Number of Features and Complexity
The app development cost relies on the number of features that you want to include in your app.
Developing the basic features doesn’t take much time, whereas building complex features take time, effort, and cost.
For instance, adding login and subscription features takes up to 20 to 25 hours. However, integrating the payment gateway and illustrative analytic feature can take up to 150 to 250 hours.

Embedding advanced technologies like API integrations, Artificial Intelligence, and Machine Learning adds to the cost of developing an app.

Development
How much does it cost to make an app? The app development cost depends on the platforms for which you want to create your app. Is it Android or iOS? Both Android and iOS app development cost goes around $50,000 to $170,000.
You can also build an app for both platforms simultaneously by utilizing cross-platform development solutions.

However, native mobile app development provides a better user experience, and thus it is in the higher price range.
Native app development requires two separate source codebases for both Android and iOS. This allows the developers to get direct access to functionalities such as the camera and GPS for building more complex features.
To add such functionalities with cross-platform development, the developers need to integrate some more libraries or coding.

Therefore from this information, you can confer that app development cost also depends on the platform you choose for developing your app.

Service Provider
The mobile app development cost varies based on the app development service provider you hire and its location & size.
There are three types of app development service providers: small companies, specialized businesses, and large agencies. Small companies usually have a team of freelancers to develop an app, and their charges are less.
Specialized businesses are firms that solely provide custom software development services.

They have expertise in building custom apps with complex functions. Their pricing range is moderately high.
A large company can offer an array of development services along with an experienced team. But their service charges are on the higher end as they tend to have a more personalized and agile approach. However, they can provide you with the best app that fulfills all your business requirements.

Post-Development Maintenance & Support
How much does it cost to create an app? By considering the above factors, you can estimate the app development cost. But if you think once the application is launched, your app development cost is done, then you are mistaken.

After the app development, you still need to carry out constant maintenance, bug fixing, and updates. This ensures that your customers don’t lose interest and stay with you for a longer time.

The cost of app maintenance is usually around 10-20% of the entire app development cost.

Simple Steps to Estimate Your App Development Project Cost
If you are still wondering how much does it cost to build an app? Then, here we will give you a breakdown of how you can estimate your app development project cost.

Make a List of Tasks and The Needed Resources
The first step for the estimation of app development cost is writing down the project tasks into small tasks. Then, assigning these tasks to the required team members.

Now, you have to evaluate the time needed for each task and the hourly rate of the member required for that task.
Apart from this, you also need to calculate the number of members required to execute that specific task. Capacity planning is an essential part of this process.

Ensure that your app development planning includes enough professionals and resources to carry out the app development process.

Select an Estimation Method
There are different types of estimation methods for calculating the app development cost that we have mentioned below.

Ballpark
The ballpark estimation method is based on prior experience and presumption. This is not a very specific and accurate method to calculate the app development cost.

However, it can give you an idea for deciding the budget for your app development. You can also engage with a software development company to get a ballpark estimate.

Three-point
The three-point methodology involves risk analysis along with estimation. In this process, you have to calculate the three average app development costs.

• Pessimistic value: This cost is calculated by considering all the risks and uncertainties. It gives you an estimate of the worst-case scenario.

• Realistic value: This value gives you a realistic price for your app development by taking into account realistic cases that might happen.

• Optimistic value: This cost is based on the best-case scenario and gives an estimate if things happen ideally.

• Parameter-based

Parameter-based estimation methodology incorporates historical data as well as the actual calculation.
For this calculation, you have to take the previously estimated time of each task and multiply it with team member’s hourly rate.

This method is quite lengthy but can give you an accurate outlook of your app development cost.

Track budgets
Tracking budget is the best way to make sure that your app development cost remains in the decided budget.
You can also utilize an appropriate tracking software to ensure your expenditure remains as per the plan.

App development cost for different types of Apps in 2022
From the above information, you must have understood that app development cost depends on a wide range of factors.
However, the features of the app contribute to the majority of app development cost. Here, we will give you an average pricing range for the different app functionalities.

The Bottom Line
In this blog, we have given you comprehensive information on how much does it cost to create an app. While there are several factors that contribute to the mobile app development cost it is also important that you choose the right software development company.

Sphinx Solutions is a leading and trusted software development company. We have a team of experienced professionals and highly qualified developers that can help you build the best app for your business.

Get in Touch With Us for App Development Services @ https://calendly.com/sphinx-solutions/fifteenmins?month=2022-06

Schedule a call with our experts to get an estimation for your app development project, or email us at [email protected].