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CTO at Triare
How much does it cost to develop a mobile application nowadays? How is the cost of app development calculated? Let’s take care of these.
According to the most trustworthy mobile app industry surveys, app development costs and timelines are as follows: the average app development cost is $171,450 (based on a $150/hour rate), equalling 1,143 development hours. The average cost of an app development project is from $5,000 to $10,000.
The average price of developing a mobile business app is $140,000. In terms of app development timelines, over 80% of mobile apps take 3+ months to develop, while 40% of apps require 6+ months.
The following are the most critical aspects that influence the final cost of developing an app:
The features listed below should help you understand app development costs and set a budget for your project.
The method used to construct an app has a significant impact on the ultimate cost.
The term “native” refers to an application that follows the guidelines of a specific operating system. The cost of developing an app rises in direct proportion to the number of platforms you want to target. You can only create a native app for each operating system independently.
A hybrid or cross-platform app, on the other hand, works with many operating systems, allowing you to save money by developing only one app for all essential platforms.
The following are the two most prevalent app development delusions:
The formula for calculating app development costs is straightforward: development cost times the hours spent on the project. But what does influence the final time/price?
If your budget for the first app version is limited, you have three choices:
The following five steps make up the majority of the mobile app development process:
The most valuable benefit you will obtain from the discovery step is an exact answer to the question, “How much does it cost to develop an app for your business?” Based on the user stories in the product backlog, an appropriate app development budget and delivery date are calculated.
The app testing stage guarantees that the app works properly and is of good quality. Logic dictates that the expense of app testing is proportional to the app’s functionality. In practice, app testing accounts for roughly 30% of the total cost of an app’s client-side front-end implementation. The front-end of an admin panel is less expensive, approximately 10%.
Please remember that software development suppliers estimate current app development prices, excluding support and app maintenance. If you want to create a great app, you should think about the ongoing app development costs you’ll have to deal with. The expense of maintaining and supporting an app is often bigger than the cost of developing it in the first place.
Take note of the app’s needs (technologies, platforms). Choose a knowledgeable vendor in your industry, that has worked with well-known brands and has an extensive portfolio.
Setting two separate mobile app development budgets makes sense: one for the first working product version and another for the app’s continuing support and development.