Last Updated: 08 Feb 2021 | 8 min read
Despite being a novel concept, the Internet of Things or IoT made immense progress over the last few years. Hundreds and thousands of companies are currently attempting to tap into IoT app development to explore further business opportunities. If you’re thinking about getting one created for your company, you must know how much it will cost you.
The Internet of Things or IoT managed to establish itself as a unique form of technology that can connect industries across the world.
Regardless of the number of tech trends you explore, you will inevitably find IoT in the list of the most renowned innovations. It promises to establish a connection that will span the entire globe. It will also be ready to give opportunities to business owners that are thinking about controlling every machine and device through their smartphone.
The immense demand experienced by the IoT mobile app industry brought forth a positive sentiment-driven outlook for this technology, which in turn gave birth to statistical data proving its rise.
Since business owners are aware of how IoT can help them in their ventures, they wish to know how much it will cost them to get it created.
Now it’s time for you to take a look at the aspects that will dictate your IoT app development solution cost:
(1) Design and features: It goes without saying that the design and features of every app play crucial roles in determining the expenses. Everything from color combinations, content type, to font size will affect the overall effectiveness of your IoT application. Additionally, in today’s digitized world, customer experiences will determine how you must develop any mobile or web application. You must invest in UI/UX design to make it perfect for your targeted audience. Naturally, the features of your IoT app will dictate its efficiency. If you don’t include at least two or three advanced systems, you may lose the race against your competitors.
(2) Selecting hardware: The next point of consideration is the hardware. The hardware type you integrate with your app will affect the development cost. You need to know about the hardware stages that help you select and design your IoT app and influence the final cost.
(3) App infrastructure: Just like hardware, the app infrastructure has several aspects that will contribute to the overall development charges.
(4) Size and complicatedness: Apart from all the features and hardware choices, the complexity of your business will have a say in the amount of money you must spend for your enterprise IoT application. Designing one for smart home systems isn’t as pricey as building one for a business company that deals with complicated matters. Also, the overall complexity of the app itself will increase its price.
(5) The development team: Selecting the right tech partner will have a direct impact on the development cost. You must take your time and find the right third-party development agency. Remember to stay away from freelancers, at least for IoT projects. A standalone freelancer can’t create something as complicated as an IoT application without appropriate hardware, software, tech stack, knowledge, and experience.
(6) Testing and releasing: After your development team finishes the work of development, they will test the app. As already mentioned earlier, testing of every kind, whether hardware or app testing, will cost you. Automated testing systems are of inestimable value as they pinpoint even the most insignificant of errors that may affect user experiences. Once your IoT app passes through the testing phase unscathed, you can release it.
(7) Maintenance: The job doesn’t end with the deployment of the application. You need to stay in touch with your development team so that they can run diagnostics, keep tabs on what your users have to say, fix bugs, and release updates. No matter what kind of app you release, the real work begins after a user installs it on his/her smartphone.
As you can see, there are a lot of things dictating the cost of developing an IoT application. Standard projects usually have a price tag of $18,000, while medium-sized apps can cost you up to $24,000. Complex projects, on the other hand, can reach $30,000 or higher.