The market for Mobile apps is proliferating with no sign of stopping anytime soon. Presently, people use apps for literally everything, from online shopping to booking movie tickets and playing games to watching any show or movie.
Mobile apps render an excellent platform for businesses (irrespective of the industry niche) as it offers better personalization. According to a report by Statista, mobile apps will generate over $613 billion in revenues by 2025.
With the increasing popularity of mobile apps, business owners are investing in a mobile App Development company for a successful app. However, the main concern of entrepreneurs is how much it costs to create an app.
This blog post explains a complete guide to a mobile app development cost, including the factors influencing the overall price.
How Are Mobile Apps Impacting Our Lives?
Apps have revolutionized the way we work, communicate, play, shop, and entertain. Various factors have led to the mobile app development growth, and one of them is convenience to users.
Apart from it, social networking apps, like Instagram or Whatsapp, have made it easier for users to communicate with their long distant friends or family.
There were 2.14 billion digital buyers in 2021, says a report. As a result, mobile apps are becoming one of the most significant sources for users when it comes to online shopping.
App Development Cost For Different App Niches
In short, mobile apps have changed the way we book tickets, read news, do business, and many other facets. Following is a list of mobile apps belonging to different industries.
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Entertainment App
The entertainment industry is changing tremendously. People can now watch live matches, listen to music, or binge-watch any show/movie on the go.
An app like Netflix is one of the most popular entertainment apps, with almost 214 million subscribers in 2022. The average development cost of Netflix can range between $100,000 to $150,000.
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Healthcare App
Healthcare is another booming industry that has gained technological acceptance and will continue to thrive at an unprecedented rate. According to a study, Covid-19 has led to a 25% increase in healthcare app downloads.
There are various healthcare apps, like MyFitnessPal (a fitness mobile app). Its average app development cost is between $15,000 and $30,000.
| Also Read:- How to Develop a Healthcare App? |
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eLearning App
Pandemic has encouraged schools and colleges to embrace eLearning, and the industry has indeed witnessed growth over the last decade. Research and Market predicted that the online education market will reach $350 billion by 2025.
edX is one of the credible eLearning apps, and the estimated cost of developing an education app like edX can be around $150K – $180K.
If you also want to develop an education app like edX, you can consider hiring an eLearning app development company to ideate and build an interactive app and boost your business.
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Travel App
The travel industry has gone to new lengths to become digitized completely, and its market size is expected to reach $1,835.6 billion by 2031.
An online travel app like MyTSA focuses on easing the user experience while booking tickets. The cost to create an app like MyTSA can range between $30,000 & more.
You can avail of the services of a travel app development agency to create a bespoke mobile app.
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eCommerce App
Every business owner is jumping on the bandwagon by creating a high-end eCommerce app to elevate their business growth and brand name.
An app like Amazon is one of the most popular shopping apps in the United States, with an average cost of $30,000 to $80,000. You can also consult an eCommerce app development company to get a cost estimation price of your app.
Furthermore, you (as a business owner) can also get a basic understanding of how to strategize the eCommerce mobile app.
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On-Demand App
As the term suggests, an on-demand app provides instant services, like food, grocery, or vehicle rentals, and delivers an excellent user experience.
Kroger is one of the examples of an on-demand app that is flexible and lets users pick any grocery item within a few clicks. The estimated cost development of Kroger is $20,000 to $50,000.
How to Decrease App Development Costs For Your Project?
Following is a list of some ideas that can help business owners to have cost-effective app development. Let us have a closer look at them one-by-one.
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Better Visualization With an Interactive Prototype
The first thing you can do to keep the app development cost low is by creating an interactive app prototype. It helps in removing unnecessary features and integrates the essential ones.
Mobile app prototyping also helps in clarifying the user’s requirements at an early phase, leaving no room for any future integration that may require more time and money.
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Choose a Tech Stack with Future Sustainability
Another way of reducing the app development cost is investing in futuristic technology that will be worth the investment. You can pick a suitable technology stack to make your mobile app sustainable and expandable.
In short, if you make the correct choice while selecting the technology at an early stage, it will help you achieve your business goals smoothly and save money in the future.
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Analyze the Need for an MVP
Creating a minimum viable product can help you save the cost even before you build a final product. MVP is a simple version of the app introduced in the market with basic features to satisfy the targeted audience’s expectations.
The minimum viable product helps launch the app on the expected delivery time with user feedback that helps improve the app accordingly. With the help of a reliable app development company, you can achieve all of it.
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Choose an Effective Project Management Style
You can reduce the app development cost by suggesting the app developers to pick the project management of your choice. In that case, the suitable project management methodology to choose is the agile technique.
It is an excellent choice that avoids the wastage of resources, leading to lower app development costs.
Agile methodology has a short development cycle that continuously enhances the project’s performance. It further helps in boosting the app efficiency, resulting in cost-effectiveness.
Features That Determine the Cost of Mobile App Development
Basic Features:
An app with basic features is affordable because it integrates only necessary features, such as a login page, push notifications, and more. In simple words, the more simple features you want in your app, the less money you have to spend.
| FEATURES | FUNCTION | AVERAGE COST |
| User Login |
|
$100 to 10,000 |
| Profile Completion |
|
$1,000 to $1,500 |
| Push Notification |
|
$1,200 and more |
| User Management: Basic Admin Panel |
|
$4,000 to $5,000 |
Complex Features:
A mobile app with complex features is quite expensive compared to an app with basic features. However, it will be worth the investment because it boosts the user experience.
| FEATURES | FUNCTION | AVERAGE COST |
| Payment Integration |
|
$3,000 to $3,500 |
| Map Integration |
|
$3,000 to $4,000 |
| In-App Calls |
|
$15,000 to $17,000 |
Mobile App Development Cost Based on App Types
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Native Mobile App
In simple terms, native app development is the process of building mobile applications for a single platform. App developers write a single code from scratch using the programming language of the respective platform.
For instance, developers use Java for Android app development and choose Swift for iOS app development. The average android app development cost is $50,000-$300,000, similar to the iOS app development cost.
However, the price can vary based on the feature complexity. Furthermore, native apps are faster and more reliable in terms of excellent performance.
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Hybrid Mobile App
Here come hybrid apps that are actually web apps put in a native app shell. Hybrid mobile apps like Twitter or Netflix work with multiple operating systems. That said, business owners can save money by building a high-end mobile app for various platforms.
App developers use JavaScript, HTML, and CSS languages, giving apps a cross-platform functionality. The estimated hybrid app development cost can range from $40,000-$200,000.
Cost to Build an App-Based on Each Development Phase
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Discovery Phase
The best way to begin the app development process is by conducting market research that helps understand competitors’ insights and users’ preferences.
As a business owner, you can define the mobile app opportunities and reflect on the pre-existing solutions.
Here is a list of questions businesses can define in the discovery phase to get an expected mobile app.
- What outcome are you expecting from your mobile app?
- How is your competitor fulfilling their targeted customer’s requirements?
- Which technology do you think will fit your app development best?
- What are the areas of improvement to receive better business profits?
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App Prototyping
After conducting the market research, you can move forward with app prototyping to get the app’s mockup before finalizing it. Mobile app prototyping exhibits the app design and reduces the cost of expensive rework.
For starters, app prototyping can cost up to $4,000 (minimum amount), and can reach $15,840. App designers create an app wireframing, explaining how users will interact with the mobile app.
In simple words, app wireframing is an app’s layout that includes sketching, mapping out user flow, and later adding the details accordingly with the user’s feedback. Also, creating a unique (yet engaging) user interface provides an additional expense to the project.
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Mobile App Development Process
App developers can finally begin with the mobile app development process and integrate a complete set of features.
In this stage, business owners will pick the platform of their choice to reach their targeted audience and fulfill their business expectations. They also choose the suitable technology stack for building the top-quality mobile app in order to deliver a great user experience.
The app development process has three essential aspects- back-end, application programming interface (API), and front-end.
- The back-end includes a database and a server-side object supporting various mobile app functions.
- The application programming interface (API) is an intermediate between the app and the back-end.
- The front-end is everything a user experiences on the mobile app. In simple words, the front-end is where an end-user will interact with the app.
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App Security
Mobile app security should be every business owner’s concern because that builds trust in users and helps in creating a loyal customer base.
As a business owner, it is your responsibility to create a secure environment for users and enable them to trust your app with their personal information. Thus, you need to focus on this area and start doing security checks in advance.
App security adds considerably to the total app development price, and the cost can range between $70 to $320 monthly.
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Mobile App Testing
Another aspect that can affect the app development cost is testing. However, conducting mobile app testing is also crucial. Do you know why? Because it focuses on everything, from the app’s performance to the user’s experience.
Conducting app testing aims to eliminate the risk of bugs, glitches, and other technical issues. The quality assurance (QA) team follows a proper technique and ensures the mobile app’s reliability, stability, and usability.
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App Launch & Maintenance
If businesses want their app to be on the user’s phone for a longer time, they should ensure that they are spending more money. It is important to keep an eye on the latest market trends, new versions of iOS and Android platforms.
It is true that your mobile app cannot remain error-free; you can only fix them with time, which comes with a price. Apart from it, the app’s design should also get updated over time to attract new users and keep them hooked to the app.
The app maintenance cost is calculated yearly and evaluated at 20% of the entire mobile app development cost.
A Complete Breakdown of App Development Cost Based on the Team:
| TEAM | SIMPLE APP | COMPLEX APP |
| Project Management | $10,000 to $15,000 | $15,000 to $20,000 |
| App Developer | $15,000 to $25,000 | $20,000 and more |
| App Designer | $10,000 to $15,000 | $15,000 to $20,000 |
| QA Team | $5,000 to $10,000 | $15,000 |
Revenue Model for Mobile App
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Paid Apps
Business owners can provide paid membership or premium subscriptions to their intended users, where they will have to pay a nominal fee per month.
Paid apps help businesses generate higher revenues that help get more income, leading to better business growth. Moreover, subscription-based mobile apps keep the audience engaged and convert them into loyal customers.
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In-App Purchase
Here comes another revenue model- an in-app purchase that business owners (like you) can leverage.
For instance, in a healthcare app, like MyFitnessPal, users can pay extra money for advanced workout videos. In short, users can have a better user experience by upgrading to a better level.
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In-App Advertising
In-app advertising is one of the greatest sources of generating higher income. Business owners can run personalized ads through banners or push notifications and make the users aware of ongoing or upcoming offers/deals.
Concluding Words
Now, you have an idea that there is no definite cost for developing a mobile app. The factors mentioned above might have helped you understand the approximate cost of a mobile application.
If you want to get the exact idea of how much it costs to create an app, you can consider getting help from a well-established mobile app development company and avail of its top-quality app services.
Also, you can get a no-obligation consultation from us.
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