Last Updated: 07 Dec 2020 | 8 min read
The expenses associated with the development of a mobile application can vary according to the features, complexity, and the type of firm employed. This topic will elucidate a few things that will help you understand the ways to ascertain the cost of creating one.
In March 2017, Google Play Store had about 3 million apps, while Apple App Store had around 2.2 million. These numbers continue to grow with time, showing that more and more business companies are investing in apps to engage their clients and customers.
If you choose to hire a mobile app development company to build an app for your business, the process will appear somewhat overwhelming. You will want to find out how the process works and how much you must spend.
Based on a survey conducted in 2015 using data collected from over 102 app development firms around the world, you will learn about the stages of app development and contemplate the approximate cost of working with a mobile app development company to create an app.
The stages of app development: The development process of any app usually incorporates five core steps.
Clarifying The Details of The Project
The pre-research or discovery stage mentioned above clarified the elements of an app development project. It ensures that the app development firm and its clients are on the same page before the project starts.
This stage reflects an alteration in the overall development process. Back in the day, the appetite for apps among business owners led them to invest in app development without knowing anything about the value of the same.
Today, however, every business owner considers whether they truly need an app or not. Finding the answer to specific questions before investing in mobile app development services is crucial to the success of the application. According to a study in 2014, developers consider less than 0.01% of consumer mobile apps financial successes.
According to the survey on which this write-up stands, 70% of all development agencies went through the discovery stage before moving forward with any project. The amount of money you must spend on the discovery stage is less than $5,000.
Minimum Project Size
If your project isn’t too extensive, then you have to know about the minimum project sizes when choosing a provider of mobile app development services. A few agencies require the project to be of a specific size. They won’t accept it otherwise. Around 30% of the companies surveyed always asked for minimum project size. 60% of the firms, on the other hand, require one depending on the client.
The average minimum project size tends to be between $5,000 and $10,000. However, the typical cost of building a meaningful app will be significantly more than $5,000 or even $10,000. The minimum project sizes bolster the relationship between the client and the app development company.
After defining and planning out the app clearly, a custom mobile app development company can concentrate on design and development.
(1) Designing before developing: Before coding an app, it’s crucial to understand how it will look and work for a user through wireframing, visual design, and user experience. The average cost, according to the survey, should be less than $5,000, but it will also depend on the number of screens that the app has.
(2) Hybrid vs. native: The final cost of the app will depend on whether the custom mobile app development company uses native app development or hybrid app development strategies. The most significant difference between the two is that a native app works on one OS only, while a hybrid app works on both Android and iOS. You should ask about the strengths and weaknesses of both development procedures to the representative of your app development firm.
The Cost of The Features
The type, number, and complexity of the features added to the app will dictate the final cost.
Simple features, such as user ratings, push notifications, user login, and reviews tend to be relatively inexpensive. Complex aspects, on the other hand, such as web portals, integration with native features, and payment systems are costlier.
Based on the survey, 70% of app development agencies ask for less than $5,000 to create push notification systems. However, 2% of the participants quoted higher than $25,000.
Testing, Deployment and Maintenance
Once your mobile app development agency completes the development tasks, they must test it to ascertain whether it’s fit for launching or not.
About 32% of the app development companies said that they won’t take more than $5,000 for app testing and deployment. In a close second, 31% claimed that they need at least $5,000 to $10,000.
Thorough testing is vital to the quality of a product, regardless of its type.
Other matters deserve your attention too. For instance, you have to promote the app created by your mobile app development agency partner. Apart from that, you must decide whether to rely on a US-based or offshore development company. Once you get a proper estimate of all the expenses concerning app development, you can move on with the project. Every piece of information given here came from reliable and trustworthy sources. If you put your faith in this data and act accordingly, you won’t be disappointed.