Summary: - The price of an app varies enormously i.e it can cost from USD 2000 to USD 200,000. As with any product, an app needs resources, and these resources are experience and time based. A basic app starts with USD 15,000 and can go up to USD 50,000 and for more complex apps it can cost more than USD 50,000. Time is money, it is applicable to the cost of the development of an app. In other words, the cost of a Mobile Application Development Company depends on its development time.
Challenges faced
Having established that the main cost of an app depends on the time it takes to get developed. We need to consider the volume and complications that arises to develop an app, features, and functionalities such as screens, buttons, fields plus the amount of logic required will determine the development time. Complex solutions may require more coding and third-party APIs, standard features can be cut and pasted in or you can adapt it from the common templates.
Time Consumed according to the services and other resources
Let's see some of the examples of the technology used to develop and time consumed to develop the app by using that technology.
Features connected with user and social involvement generates 30+ hours of work, In-App purchases and payments support generates 40+ hours of work, Synchronization across devices 60+ hours, Location-based services 30+ hours, If you want customized visual design, it can set you for 170+ hours of work, the wireframing of screens plus UI and UX design all adds time and therefore cost.
Therefore the cheapest option is to use OS supplied items and standard screen elements.
An average app basically consisting of 7 screens requires about 56 hours of wireframing, 88 hours of Visual design and a further 28 hours for the user experience design, Backend Infrastructure and admin panel will add 170+ hours of work time, Operating systems provide developers with the APIs, which provides data exchange between app and the database, Tracking user activity and app performance requires analytics, the number of parameters and the amount of detail will determine the volume of work required.
Third party APIs demands an average of 50 + hours of work, basic controls need 20+ hours, An Administration panel, one of the most effective tools for managing the app content, adapting an existing panel template is possible but finding a good one can be problematic however for creating one that matches your business needs will require 100+ hours of work.
Project Management challenges
Adding platforms adds cost, it means twice the work usually undertaken by separate teams working parallelly. This has complexity and incurs further project management costs. A Cross-platform app development programme may be your best option because at least it is held by one team. Finally, you need to consider post-release services such as app promotion, ongoing maintenance, upgrades and future proofing.
Impact due to Geographic location of the Company
The cost and time also may vary with the geographic location of the developer company, here are some of the rates of the companies service charges according to their locations:
Approx Charges charged by the companies
Indian Companies
For Basic app, USD 1200 to USD 1500 along with that if the app requires third party integration or GPS then additional USD 1000 to USD 3000.
For Native application, USD 3000 TO USD 10,000
For Complex applications or Gaming applications, USD 10,000 to USD 100,000.
In case of Native application needing Back-end support, then for the Back-end team expenses may vary from USD 10,000 to USD 20,000.
For Integrating third party tools to the developed app, the additional cost that may add up will vary from USD 7000 to USD 10,000. All these charges are approx charges, and may vary from company to company.
US, Canada & European Companies
The US and Canadian based company can charge from USD 20 to USD 250 an hour, Eastern Europe based company can charge USD 20 to USD 110 an hour.
Other Factors affecting Development cost apart from Price, Time, and Resources
Other factors include Reputation, experience, on-time delivery and the ability to provide a holistic service. Finding a realistic price band for your app is also of critical importance.
An app is an investment from which you want a return, in order to get the best ROI from your app, it should be well thought out, well designed, professionally maintained, But at a price, you could afford.
The leading developers come from India which has clients across the globe and they have vast experience on serving them, they have qualified developers with experience in serving clients globally with major client base from the US, Cannada & UK.
