With the enormous availability of smartphone devices and inflation of user demands, apps are undoubtedly becoming the heartbeat of most businesses. The mobile app boom is incredible and isn’t going to slow down.
A reliable mobile app development company in San Jose offers end-to-end mobile app development services, including native app development, cross-platform app development, and progressive web app development. Before we dig into how much to make an app, let’s look at how investing in mobile applications can make you affluent and successful.
Size And Growth of App Development Market
Do you know? According to recent statistics, there are around 7 billion active mobile app users, and it is projected to reach 259 billion by 2022. That’s a 45% increase than previous years. The factors behind that unstoppable growth are the adoption of new technologies and a digitized and convenient lifestyle. Is there any app for that? Every question like this encourages an entrepreneur to come with more useful digital solutions.
Multi-way Revenue Generators
We can’t deny that building an app is costly, however, is 100% worthy as it generates revenues in so many ways, for instance, advertising, subscription, transaction fees, in-app purchases, referral marketing, etc. Besides, developing an app not only boosts your existing business but also becomes your new business stream, if optimized rightfully.
Once you made up your mind about mobility solutions, you will start wondering how much app development cost. As businesses are facing stiff competition, they feel pressure to digitize. But still, it is wise to do it in the most cost-effective way possible.
There are various factors that influence the app development cost.
- App features and complexity
- Customization in UI/UX design
- The geographic location of team
- Number of platforms
- Team setup
- Backend infrastructure
- App maintenance cost
Depending on the type of application, you would require some resources for the development of your app. An estimated calculation for one-month app development cost is around:
- We assume that it consists of two developers, one scrum master, and QA resources.
- DEVELOPERS = 2 developers x 1 platform x 35h x 4 weeks = 280h per month
- SCRUM MASTER = 1 SM x 1 platform x (15% x 280h) = 42h per month
- QUALITY ASSURANCE Extended Plan = 80 hours per month
Rough Estimate for Different Mobile App Types
- Mobile Commerce App Development Cost
The main features of the e-commerce app are browsing products, add to cart, search capabilities, product filters, wishlist, favorites, GPS, barcode scanning, loyalty cards, and more. The average time taken to build an e-commerce app is around four months. The team consists of three Android app developers, one scrum master, one UI/UX design, one QA. The average cost of developing an e-commerce app is $290,061.
- Fintech app development cost
The main features of the Fintech app include 2-step authentication for login and sign-up, integration with third-party payment gateways, performance monitoring SDK, and notifications. The team setup requires two iOS developers, one UI/UX designer, one scrum master, one quality analyst. The average cost of developing Fintech apps is around $1,20,000 to $1,50,000. According to the market knowledge:
- A basic mobile app for one platform can cost up to $25000 to $50,000
- A medium complex app for one platform costs around $50,000 to $100,000.
- A complex app for one platform costs more than $100,000
Mobile apps can be a game-changer for your business. Have an app idea? Don’t wait! Book a free consultation with experts and beat your competition in no time. There are several app development companies that are offering similar services, you can choose a top-tier mobile app development company to achieve your goals. You can also use an app cost calculator to figure out the estimated cost of your project.
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