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Understanding The Mobile App Development Budget By App Type

Understanding The Mobile App Development Budget By App Type

What is the cost of mobile app development? This question is one of the most frequently asked ones in today’s growing customer needs and changing digital environment.

However, the answer to this question is not so simple even for mobile app developers.Why? Because there is no fixed development cost of a mobile application. It depends on numerous factors such as:

  • Features and functionalities of the app
  • Vendor type and their geolocation
  • Complexity of UX/UI design
  • Inclusion of additional branded visual elements
  • Backend infrastructure
  • Development approach (mobile web, native, hybrid, etc)
  • Number of platforms to be developed (Android, iOS, web, etc)

With the increasing number of smartphone users, entrepreneurs are keen on developing a mobile application for their business. Smartphone users will surpass six billion in 2021 and according to the forecast it is going to grow by several hundred million in the next few years. That’s a lot of numbers!!

Number of smartphone users worldwide

Did you know that mobile app revenues are increasing constantly? Here is a fact check to clear any confusion. Global mobile app revenue was 365 billion U.S. dollars in 2018. Mobile apps are projected to generate more than 935 billion U.S. dollars in revenues via paid downloads and in-app advertising in 2023.

Total global mobile app revenues

In a nutshell, users download 30 apps each month. It is safe to say that investing in app development budgets is the need of the hour irrespective of the size of your business.

Keeping the above two factors in mind, in this article we will discuss:

  • Cost of developing an app: ballpark figures
  • Ways to find out your app development cost estimate
  • Build your app in budget by understanding your app type

Cost Of Developing An App: Ballpark Figures

As you already know, the cost of developing an app with a mobile application development company depends on the app’s complexity, features, and the type of firm hired to do the job.

Clutch surveyed 102 app development companies to determine the cost of building a mobile app. Below is the average minimum app development project size and cost survey. Mobile App Development Cost

You must be wondering about the timeline to build an app. According to a report by Outsystems survey, over 80% of mobile apps take 3 plus months to develop an app. However, 40% of apps are built in 6 plus months as they are more complex.

Ways To Find Out Your App Development Cost Estimate

While figuring out the cost of mobile app development you have to understand that mobile app development companies charge their clients using these two methods:

How do you create your own budget for an app?

Stepwise process to create your own budget app is as follows:

Step-1: Do your research and understand your competition. Figure out how your product is different and better?

Step-2: Hire a mobile app development company.

Step-3: Understand the hourly development rates

Step-4: Start small with MVP and use simple app design

Step-5: Monitor and be involved in the process.

Step-6: Ask for a detailed project estimate.

 

Prateek Saxena

In order for these apps to function, they need a user to log in. Users will have a personal account and will be able to interact with data. The mobile app development cost increases since there are many subordinate features required. Authentication app is an ideal option for those who are planning to develop an app that can be accessed by sign up procedures. Also, we recommend a one step log-in procedure using social networks like Facebook, Twitter etc.

Budget: $10,000 to $60,000

Timeline: 3 to 6 months

Example: Google drive

technology used for app development, app features and functionalities, business model and app level- basic or complex or a perfect blend of both. Here we are going to discuss your app development budget based on the app type.

This approach can be used when the scope of work is absolutely clear and works well with smaller projects. The biggest advantage of this option is that the cost of mobile app development is fixed with the client before the development process begins.

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