In the past few years, we have seen an exponential increase in the number of mobile apps and mobile app developers. The app economy has grown to become a $100 billion industry and it’s only getting bigger.
With that said, smartphones are no longer just used for basic communication and staying in touch with friends. Now, with the help of apps, you can order takeout, book hotels, listen to music and much more.
When it comes to development of mobile apps, it is a complicated process, requiring a lot of engineering, planning, designing, and testing. It is vitally important to get the process right, as it can be a nightmare for anyone involved. Because of this, an app developer or app development company carefully considers every aspect of the product from the early stages of development to its final release.
To give you an idea of how much it might cost to develop an app in 2023, we’ve made an estimate to better understand the cost associated with developing a mobile app.
Rise in Mobile App Development
Online and offline worlds are experiencing a technological and market revolution. Due to increased mobile Internet usage and digital world access through social media platforms, new e-business models have appeared, requiring new skills and competencies..
The world has become a more connected place, resulting from this technological and market revolution, where we work and play, learn, and innovate.
Consumers’ experience is improved by mobile apps, which help reduce purchase friction by making the buying process easier and faster and by allowing consumers to engage with businesses and brands in new ways.
Businesses must adapt to the fact that the world has become mobile!
Popular Mobile Apps Globally and Their App Development Cost
Mobile apps have made working from home or staying warm indoors easier. Here are a few of the most popular apps, and how they have redefined and transformed the customer experience concept, as well as the average mobile app development cost.
This inescapable video-sharing app has become a major revolution in the entertainment world. Users can lip-sync to dialogues and re-enact their favourite scenes from movies and music videos.
The average cost of developing an app like TikTok will be somewhere between $60,000 and $100,000 for one platform and up to $150,000 for hybrid development. You can also enhance your videos and images using the app’s filters and effects.
Uber is a ride-sharing app that connects drivers and passengers around the world. Customers can instantly request a car or on a schedule using the app. Drivers receive those requests nearby. Developing an app like Uber can cost anywhere from $30,000 to $100,000.
The average cost to build a messaging app like WhatsApp is $30,000-$70,000. WhatsApp allows users to send text messages and instant voice and video calls, as well as upload photos and videos.
You may also want to check out the social media app development cost and process.
Coursera’s distance learning programmes, which cover everything from basic skills to university degrees, have become a favourite among students and teachers because of their numerous advantages. The Coursera-like mobile app development cost is likely to range from $60,000 to $120,000.
Snapchat, the popular messaging app, has become a game-changer in the world of social media apps. This app, a pioneer in augmented reality, has been pioneering augmented reality filters and interactive lenses for its users. You can also share ‘self-destructing’ multimedia messages on Snapchat. The cost to build a Snapchat-like app can range from $45,000 to $100,000 for one platform or $200,000 for both platforms.
Users can stream shows and movies on Netflix anytime they want. Developing an app like Netflix typically costs $25,000 to $200,000.
Different Factors Influencing the Final App Development Cost
There are various phases in app development, and each phase has different costs. The initial design and development phases are relatively expensive, but the ongoing maintenance and support phases are relatively inexpensive. After you have created your mobile app by hiring mobile app development services, the ongoing maintenance and support costs will be relatively low, so these are the two categories to keep in mind when considering your budget.
App development team
The cost of developing a mobile app can range from hundreds to thousands of dollars, depending on the app, required features, and the app’s complexity. This is because team members, and/or engineers will require more time to develop and test a more complex app.
Building a mobile app for a particular purpose might involve several considerations. For example, if you are constructing a shopping app, you may require additional programming to include a personalized checkout process or for an on-demand app the focus is more on search option and user interface.
The project manager oversees the project and its progress. The UI/UX designer creates the wireframes and interfaces. QA engineers perform testing, and developers produce the application, guaranteeing that it is free of flaws.
Features and Functionalities to develop an app
The process of building an app from scratch is overwhelming and challenging.
Having said that, the app functionality defines the cost, too; if your app requires complex features, developing it will require time and effort.
Because of the high competition, an app with great functionality must stand out in order to be successful.
An app using sophisticated functionality such as location-based services or 3D graphics will cost a lot.
Prepare for a higher cost to come knocking at your door if you plan to integrate high-end features and functionalities into the app.
Customised interface and user experience design
An app design that aims to create a high-quality, modern app experience for users is much more expensive than the design of a low-quality app that merely serves to fill space.
The price of custom mobile app development services is more than just the money required to develop it. It’s also the cost of acquiring users who will use it and keeping them satisfied once they have become fans, which can be quite pricey.
The cost of a high-quality app design is easy to understand initially, but if the app is updated frequently over time, the price can add up quickly.
It’s not cheap to develop a top-quality app design. It can cost millions of dollars to create a top-quality app.
Great typography, smart use of space, and balanced colour schemes can help make an app that is both professional and sophisticated. Using an engaging app, customers may be more receptive. Creating a strong brand identity is important when designing an app. It is, therefore, critical to consider the user’s experience when designing an app.
There are two major mobile platforms in the world, each with its own unique character and peculiarities, and each competing to establish a foothold in the competitive mobile environment. Both platforms offer unique advantages and challenges, and both are good places to begin in mobile strategy, whether for apps, games, or other mobile business applications.
The decision of the platform usually depends on your mobile app’s specific demands and the advantages and disadvantages of each. When developing mobile applications for iOS or Android, you should be aware of their pros and cons.
When deciding on a mobile development platform, you must consider the platform’s advantages and disadvantages, including ease of use, platform support, and developer experience.
A database and application can be connected via APIs using a backend infrastructure based on operating systems. A backend system can be anything from a traditional Unix-based server to a complex distributed application built on a cloud infrastructure. A modern backend infrastructure requires a database with high-performance data transfer, which the Relational DataBase Management System (RDBMS) can provide.
Analytics provides information about how apps are used, which platforms they are used on, and which demographic groups use them. This information is gathered and analysed to gain insights.
The mobile app development cost will increase to some degree if advanced technologies are added to the backend.
In-app Purchases and Location-based Apps Support
A mobile payment application such as PayPal or Google Wallet requires much more time and money to be implemented. Location awareness on an app primarily consists of including a button that takes the user to a map and informs them of their current location.
Apps that rely on location, on the other hand, require the incorporation of cutting-edge technologies such as geofencing and iBeacons. It therefore requires more money and time to be invested.
Third party integration
The mobile app development process is typically split into two phases. During the ideation phase, you define the product vision, set a goal, and narrow the problem space to a focused scope. After the problem has been narrowed down to one that you can solve, it’s time to write some code or use a framework to help you get there.
It costs more to build a mobile app that relies on a third-party data service than to develop a traditional mobile app. Additional expenses include paying for service APIs, building and securing data access and export logic, and establishing data access and export processes.
Cost of Maintaining an App
The following are included in app maintenance expenses:
- Upgradation to the latest operating system versions.
- Updating to the latest versions of third-party services.
- Fixing bugs.
- Code optimization.
- Controlling app stability and performance of servers.
Users should upgrade to the latest operating system version as they become available to maintain high performance levels.
Location of an App Development Company
The mobile app development company location significantly affects the expense of app development. A US developer’s hourly rate may be $120 to $160 or higher, resulting in a more costly app development.
It will be economical if your developer’s location is in India, the hub of the IT revolution. India can be accessed at a much more affordable cost if your developer’s location is in India.
What is the average cost of developing an application?
There is no concrete answer to the million-dollar question that sits in the back of every entrepreneur’s mind. As mentioned previously, the enterprise mobile app development cost is driven by numerous factors, and there isn’t just one factor contributing to it, but a multitude of them.
There are many app development companies, and each has its advantages and disadvantages. When businesses choose an app solution, the insignificant price factor is usually the primary consideration.
Even thinking about taking this step is the wrong thing to do.
When an app development company says it can deliver mobile app development services at a lower cost, it is only sharing a sales pitch to get your business. We guarantee you that no company can provide you with a cost bracket without evaluating your project and its demands, which is a time-consuming process. Research, deep examination, and even labor that must be calculated are all required. This cannot be a fixed cost.
It is vitally important to construct an app solution with experts only, who can provide you with a rough estimate for your project.
The costs vary when you employ experienced mobile app developers, and they are never the same unless they create an identical app to the existing solution. A common app with basic features might cost as much as $15,000 to $25,000, and an advanced app with sophisticated technology has no limit on the price, going beyond and above $10,000.
As you can see, the cost to develop an app is closely tied to the type of application you’re building. The procedure of app development is not a one-time job, but rather a procedure that involves multiple stages and crucial details. If you are looking to build a unique and useful app, you’ll need to prepare financially.