In the last decade, mobile technologies and apps flooded the markets in each industry. The idea about creating an app comes to the minds of many, from small cafe owners to CEOs of Fortune 500 enterprises. Considering a mobile app for your business is always a good idea in our day and age. Still, after the initial creative process is over, comes the question about the cost: How much financial resources are needed to launch a mobile app? Would the cost be justifiable for your business?
What influences the cost of the app development?
When it comes to the factors you need to consider when calculating how much does it cost to make an app, there are several unavoidable among them such as MVP (minimum viable product) development. An MVP will give you a clearer understanding of your app and how it can evolve in the future.
Moreover, development type: you can use a local team or outsource. Finally, the number of platforms, you may choose an Android or iOS app then you can choose both and then choose again between two types of development: hybrid (one app for two platforms) and native (a separate app for each platform). In addition, there are main factors that will influence the cost of the app. For instance, the budget will take a cleaner shape after the decision on the technical level of the app, its speed, as well as calculate the development cost.
Local or outsource app development
When you are planning on creating the app, if you do not have a team to make it happen, you are probably thinking to hire someone to make an app. So the question comes up about what to choose: outsourcing app development or local development.
The only meaningful argument in favour of local development is physical proximity to the development team, which presumably simplifies communication. Undoubtedly it is easier to explain your requirements face to face and feel the product before paying for it. On the other hand, outsourcing your app development is not as troublesome as is it may seem. Communication with your team overseas seems hard, but not impossible. Remote teams eagerly make advances and try to meet any organizational requirements. In addition, having a higher level of expertise at reasonable costs, foreign developers are able to perform a lot better compared to local ones. In case you doubt if you can find a trustworthy development team outside of your local area, be sure you will.
Time is money: How many hours are needed to build an app?
Not all apps are equal. And the inequality is not only in the platform that it is developed for. The lowdown of iOS application development services, as well as an Android one, is counted with the time needed to implement certain app features. Here is a classification based on the moderate time needs:
- A basic app an application with simple functionality that requires approximately 500-700 hours on development.
- A medium complexity app takes from 700 to 1000 hours.
- A complex time-consuming app in most cases exceeds 1200 hours on development.
- The global median prices per hour charged by service providers are following:
- US and Canadian-based companies charge from $50 to $250 per hour.
- Australian agencies offer their services for $50-$150
Western European and UK-based developers are charging rates between $35 and $170.
- Eastern Europeans (that’s where we are) are pretty happy with $20 – $150.
- Indian rates of $10-$80 per hour are quite attractive
Platform choice: iPhone app or Android app
Making a decision on which platform to start from, app owners try to take into consideration such factors as iOS and Android market share, device fragmentation and prevalence, but the most meaningful is that developing mobile applications for these platforms differs greatly. Because these platforms have different programming language and tools. Thus there is no price difference in developing apps for iOS or Android. In addition, if you want to make the app that supports two or more platforms, you have to pay more money for development.
On the other hands, making both iOS and Android apps, cross-platform or a hybrid app development is a good choice. However, it would double the cost because you will need a separate team for any particular platform.
App development cost: Final notes
In the end, no article online will help you calculate the exact cost of an app. It depends on too many factors — even prior to you giving the list of features and technologies, and even when you need a simple app. Therefore, knowing the aforementioned factors is what you need to start. The next step is finding the right partner for your project.
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