We are a generation hooked to our cell phones for things as simple as keeping a track of time to as crucial as managing finances. According to a recent statista report ,there are going to be 258.2 billion app downloads in 2022. Of the average daily time spent on mobile phones, a large chunk is spent using apps. A fore-sighted business understands the importance of apps to reach its target customer. As opposed to the stereotypical assumption that getting an app for a business is going to be an expensive affair, mobile apps can be developed for every budget.
We at Promatics, are a team of developers working creatively to provide cost-effective mobile app development solutions to businesses. Here we bring to you a rough estimate of building a mobile app:
Cost of Building a Mobile App
If you wish to read simply all-inclusive figure depicting the cost of a mobile app for business, you are in for a disappointment. Because there can be no standard cost for developing a mobile app for business. The cost of a mobile app depends on a number of factors that depend on a number of factors like choice of platform, use of technology, the business model you opt for and also the developer you narrow down on. Here are some details how the cost of developing a mobile app fluctuate with these factors:
I. Business Model
If you are a business trying to estimate the cost of building an app, you must first configure the value and functions that your app will serve in your overall business model. Answer questions like what purpose the app will serve in fetching revenues for the business. Some apps help the business in generating revenues through sales, others help the business clients by serving some utility and make the business stand out against all competitors. The answers to these questions will help you decide the type of app you want to build and the scope of your development project. You can next narrow down on technologies you deem befittign for the project. All these factors will make up the total cost of your project.
II. Type of App You are Hoping to Build
The technological base you choose for building an app is an important determinant of the cost of the mobile app development project. Here is a brief overview of each type of app:
These apps are the ones that are built using the language native to the operating system of a given platform. Promising excellent performance, native apps for iOS use Swift or Objective C and ava or Kotlin for Android.
However, businesses which need apps that function across multiple platforms would require to develop separate apps for each operating system which increases the cost of development significantly.
III. Choice of Platform
Two of the most popular platforms for building a mobile app are Apple iOS and Android. Both of these platforms offer outreach to a wide customer base. It is best to invest in building an app for both platforms. You can begin with the platform you believe in and kick-start the app business and gradually adapt the app to another platform.
Without a doubt, Android has a larger user base and outreach with in-depth market penetration as compared to Apple’s iOS. There is a large open-source community with access to Android mods like the famous CyanogenMod or Paranoid Android. For iOS, it is a closed source development environment and a difficult operating system. The Android platform offers freedom to innovate while you spend less as opposed to iOS which is pricier. Apple offers its users routine release cycles which ensures its users get to use the latest version of the apps. This also means that iOS developers need to be upbeat with the latest APIs always increasing the cost of development. However on the downside, Android comes with lower media engagement diversity on average than iOS. Android developers struggle with more backwards compatibility issues, multiple versions, and a larger variety of phone architectures and screen sizes. This can escalate the cost of development. When it comes to iOS, there are in place stricter guidelines for quality control with a focus on security.
A seasoned developer or a company can easily help you overcome the financial disadvantages of using one platform over the other or both. Insightful market research can help you pick which platform serves your business the best.
IV. App Functionality
The cost of an app rises with advanced functionality features you opt for. While a simple app comes with basic login features through a username and password, an interactive app allows a user to log in through social media accounts and features a 2-factor authentication system. The apps that offer the users a privilege to communicate and interact with one another through social media integration to allow chatting and messaging become a hit. Additional features like in-app purchases, searches, shopping carts, and payment integration incur significant development cost too. Modern apps come with geolocation and push notification features as an essential component for avant-garde user experience. Other important choices like if the app comes with offline support, backend support for data needs also make the app experience seamless and incur expenses depending on the complexity of functions.
V. App Design
An additional cost during the app design and development is the cost incurred by the organisation structure. This cost includes expenses like administration, planning, infrastructure, marketing, and deployment.
VI. Type of Contract
The cost of app development varies significantly with hiring style and type of contract you sign with the developer. Most businesses believe in stereotypes like hiring a freelance developer is least expensive and signing a mobile app development company is pricier. However, it is not so in most cases. Businesses that opt for very basic app also choose app builders for DIY.
While a simple mobile app can easily be developed through an app builder or with the freelance delegation, its best to take advantage of the vivid expertise that professional mobile app development companies offer.
We can conclude, that the cheapest option for building a mobile app is an app builder where you can build it yourself. The procedure incurs a minimal cost but is going to be time-consuming one where you would have to spend time paying attention to each and every detail of the project. An average app builder costs around $20-$25 per month. If you are on the lookout for a simple app with minimum functionality it is best to DIY. In case your business needs an app that requires a more customizable app, you need to seek professional help.
A mobile app development company can be a cost-effective solution to your app development vows. We at Promatics, work with an experienced team of developers to bring to reality apps that offer seamless user experience at competitive pricing.