Tag: app development cost

Everyone uses software products. From toddlers to grandparents, in one way or the other, almost everyone has used a software product. The number of mobile devices operating worldwide stood at almost 15 million in 2021! Today, software development permeates the entire world. You are reading this blog on a device whose lifeblood is software. It is no surprise that businesses invest in software development. But what is the cost? That is probably the single most important question to businesses intent on making wise business decisions. This article discusses everything that may affect the cost of app development in 2022 to help you estimate the cost of your app development.

Is App Development Necessary for Your Business?

Adding to the Statista report that put the 15 million number on the number of mobile devices, did you know that the number of mobile app downloads surpassed 200 billion in 2019? And there is no slowing down.
Along with mobile devices, there are other devices like tabs, laptops, and desktops. And we know that all of these function by the operating system. The operating system is a piece of software with lots of integrated functions known as software.
Individuals and businesses across the world depend heavily on software and enjoy many benefits. In this digital age, the software is essential to run different operations in transportation, electrical grids, and many other functions that offer the basics of life.
To the question “Is App Development Important?”, the answer is a resounding YES. Now to the costs involved.

App Development Cost Estimates For 2022

It is important to remember that app development cost depends on various factors. Mobile app development costs will be different than web app costs. The cost could also depend on the complexity of the app.
A small app with core features can be developed at lower rates. However, a complex app with intricate features will be expensive. Building a minimum viable product may cost less than $10,000. On the other hand, if you want an app that is compatible with both android and iOS platforms you will need a bigger budget.
App development cost also depend on whether you develop the app in-house or outsource it. Before you choose to develop it in-house you must ask yourself if your team has the necessary experience to take an app from design to delivery.
If you do not have the expertise on your team, it may ultimately end up costing you more in terms of lost work and demoralized teams. Otherwise, the best option is to seek out an external partner who can develop an app for you.
Read more: Top Technologies Used to Develop Mobile App

Keeping all this in mind, is there a formula to calculate app development costs?

Top Factors That Drive App Development Costs

1. Based on the complexity of the app

A simple app might take hundreds of hours while a complex app might take thousands. These hours also depend on how efficient the developing team is.
A simple app includes basic features like a login screen, user account, admin tools, and so on. It may have limited integration with other apps. Thus, it may take about 3 to 6 months to develop.
Along with all the features of a simple app, a complex app includes features such as integrations, profile feeds, enhanced admin tools, media streaming, and more. Such an app would take 6 to 12 months.
The most complex of all is an advanced app. This includes multi-language support, versioning, lots of user customization options, AI and AR, and more. This could take somewhere between 12 to 24 months.

2. Based on region

You will find potential developers around the world, over various time zones such as the US, India, and Europe. Each of these areas has expert developers but their rates vary depending on their location.

3. Based on development stages 

The budget of the project starts to become clearer during the research stage. In this stage, you will be able to clarify your requirements and finalize goals and deliverables. You will also be able to assess risks and threats.
The next stage would be designed where the development team needs a clearer idea of what the app should look like. This stage will take longer and will be more expensive depending on the complexity of the user interface and so on.
During the development stage, each feature will add to the cost. The next stage of testing may require human users to ensure the correct functionality, and this will add to the cost. The final stage is maintenance and support. Bugs and unexpected behavior will need to be addressed; hence, it is important to budget in the final phase.
Watch now: How To Choose The Right Mobile App Development Approach

Top Ways In Which One Can Initiate Cost-Effective App Development

Are you wondering how you can get the app that you wanted in your limited budget? Here are a few tips that help you initiate a cost-effect app development.
1. Use software development kits wherever you can: Software development kits could trim weeks or months off your development schedule. Thus, reducing thousands off your development budget.
2. Find a vendor that can design and develop: Finding a vendor that does both designing and development can help you deal with communication problems and optimize workflow.
3. Get the MVP made: Getting the MVP made and testing on your users will help you identify what needs to be added. Eventually, your full-featured app will be ready. Besides, you will also learn how to optimize your budget.
4. Cross-platform development: Opting for cross-platform development can heighten your potential to reach a wider audience.
5. Do not rely on older operating systems: Just a couple of years older can make a huge difference. It is worth the effort to focus on consumers who keep up to date.

How Can Fingent Help Develop Top-Notch Apps On A Budget?

We at Fingent understand considering how much it costs to develop an app can be an overwhelming experience. How about a consultation with our expert to get a quote?
We assure you that we have the specialized skill and experience to build a successful and budget-friendly app. Don’t take our word for it. Have a look at some of our case studies.
As your technology partner, Fingent can bring your brilliant ideas into digital reality!
We have helped many businesses grow their business with our innovative, modern mobile app solutions. Take a look at our most success stories here!
We can help you too. Connect with our experts today!

Everyone uses software products. From toddlers to grandparents, in one way or the other, almost everyone has used a software product. The number of mobile devices operating worldwide stood at almost 15 million in 2021! Today, custom software development permeates the entire world. You are reading this blog on a device whose lifeblood is software. It is no surprise that businesses invest in custom software development. But what is the cost? That is probably the single most important question to businesses intent on making wise business decisions. This article discusses everything that may affect the cost of custom software development in 2022 to help you estimate the cost of your custom app development.

Is Custom Software Development Necessary for Your Business?

Adding to the Statista report that put the 15 million number on the number of mobile devices, did you know that the number of mobile app downloads surpassed 200 billion in 2019? And there is no slowing down.
Along with mobile devices, there are other devices like tabs, laptops, and desktops. And we know that all of these function by the operating system. The operating system is a piece of software with lots of integrated functions known as software.
Individuals and businesses across the world depend heavily on software and enjoy many benefits. In this digital age, customized software is essential to run different operations in transportation, electrical grids, and many other functions that offer the basics of life.
To the question “Is Custom Software Development Important?”, the answer is a resounding YES!
Now to the costs involved!

Custom Software Development Cost Estimates For 2022

It is important to remember that app development cost depends on various factors. Mobile app development costs will be different than web app costs. The cost could also depend on the complexity of the app.
A small app with core features can be developed at lower rates. However, a complex app with intricate features will be expensive. Building a minimum viable product may cost less than $10,000. On the other hand, if you want a customized app that is compatible with both android and iOS platforms you will need a bigger budget.
Custom app development costs also depend on whether you develop the app in-house or outsource it. Before you choose to develop it in-house you must ask yourself if your team has the necessary experience to take an app from design to delivery.
If you do not have the expertise on your team, it may ultimately end up costing you more in terms of lost work and demoralized teams. Otherwise, the best option is to seek out an external partner who can develop an app for you.
Read more: Top Technologies Used to Develop Mobile App

Keeping all this in mind, is there a formula to calculate custom app development costs?

Top Factors That Drive Custom Software Development Costs

1. Based on the complexity of the app

A simple app might take hundreds of hours while a complex app might take thousands. These hours also depend on how efficient the developing team is.
A simple app includes basic features like a login screen, user account, admin tools, and so on. It may have limited integration with other apps. Thus, it may take about 3 to 6 months to develop.
Along with all the features of a simple app, a complex app includes features such as integrations, profile feeds, enhanced admin tools, media streaming, and more. Such an app would take 6 to 12 months.
The most complex of all is an advanced app. This includes multi-language support, versioning, lots of user customization options, AI and AR, and more. This could take somewhere between 12 to 24 months.

2. Based on region

You will find potential developers around the world, over various time zones such as the US, India, and Europe. Each of these areas has expert developers but their rates vary depending on their location.

3. Based on development stages 

The budget of the project starts to become clearer during the research stage. In this stage, you will be able to clarify your requirements and finalize goals and deliverables. You will also be able to assess risks and threats.
The next stage would be designed where the development team needs a clearer idea of what the app should look like. This stage will take longer and will be more expensive depending on the complexity of the user interface and so on.
During the development stage, each feature will add to the cost. The next stage of testing may require human users to ensure the correct functionality, and this will add to the cost. The final stage is maintenance and support. Bugs and unexpected behavior will need to be addressed; hence, it is important to budget in the final phase.
Watch now: How To Choose The Right Mobile App Development Approach

Top Ways In Which One Can Initiate Cost-Effective Custom Software Development

Are you wondering how you can get the app that you wanted in your limited budget? Here are a few tips that help you initiate a cost-effect app development.
1. Use software development kits wherever you can: Software development kits could trim weeks or months off your development schedule. Thus, reducing thousands off your development budget.
2. Find a vendor that can design and develop: Finding a vendor that does both designing and development can help you deal with communication problems and optimize workflow.
3. Get the MVP made: Getting the MVP made and testing on your users will help you identify what needs to be added. Eventually, your full-featured app will be ready. Besides, you will also learn how to optimize your budget.
4. Cross-platform development: Opting for cross-platform development can heighten your potential to reach a wider audience.
5. Do not rely on older operating systems: Just a couple of years older can make a huge difference. It is worth the effort to focus on consumers who keep up to date.

How Can Fingent Help Develop Top-Notch Custom Apps On A Budget?

We at Fingent understand considering how much it costs to develop an app can be an overwhelming experience. How about a consultation with our expert to get a quote?
We assure you that we have the specialized skill and experience to build a successful and budget-friendly app. Don’t take our word for it. Have a look at some of our case studies.
As your technology partner, Fingent can bring your brilliant ideas into digital reality!
We have helped many businesses grow their business with our innovative, modern mobile app solutions. Take a look at our most success stories here!
We can help you too. Connect with our experts today!

As mobility soars in popularity, apps are fast becoming indispensable in the enterprise landscape. However, after being sold on the benefits comes the hard consideration of costs. Having a realistic estimate of the costs involved in rolling out apps is indefensible to justify the cost-effectiveness of an app. An app may bring about several benefits to the enterprise, but it may still not be worth its while for the enterprise to pursue it if the cost to develop the app cannot be justified vis-à-vis the perceived benefits.

Ballpark Estimates

Nowadays, with several no-code solutions on offer, it is even possible to roll out apps without spending a dime. However, such apps are generic in nature, severely limited in functionality, and would most likely be riddled with ads. A decent mobile app, customized for the enterprise, would require some investment.

There are many ways to go around developing a native enterprise app. Just as there is no standard one-size-fits-all app, there is no single figure on what it would cost to develop a mobile app. An estimate for app depends entirely on the context, specifically the type and nature of the app, the range of functionality to be co-opted, and the extent of complexity involved. The cost could also vary depending on the choice of the development team.

A simple bare-bones native app for one platform may start at around $25,000. However, the ballpark estimate to build a first version of an enterprise app or a gaming app is around $150,000, though high-end apps that resolve complex functionality, such as an e-commerce app with profiles, advanced payment services, database linkages, custom back-end systems, and more could touch $500,000 as a starting estimate, and go upwards to the range of $500,000. An accurate estimate is entirely context-driven.

Functionality Variables

The following are the key factors that influence the cost of an app

• Nature of the app. Whether it is to realize a simple functionality, whether it is a gaming app, whether it is a complex e-commerce app, or anything else?
• The type of app development, as in the platforms, and the development approach.
• The complexity of the application, including the range of functionality required
• The UI/UX design
• Extend of third party tools and SDKs that require integration
• Range of QA and testing involved
• Extent to which hardware capabilities, such as camera and GPS have to be customized
• The nature of the development team, as in access to experienced developers and other considerations

It is possible to cut costs on each of these components, and it is equally plausible the costs can go out of hand for any of these components, depending on the specific approach taken.

For instance, if the enterprise has a good in-house design team, they could Photoshop the required graphics in-house, saving considerably on UI costs.

Getting testing done through focus groups, crowdsourcing, and even through family and friends would help save considerable expense than hiring professional testers.

Platform Variables

Android OS is way popular than iOS apps and Windows, but Android apps are much harder to build compared to the other options, especially on the design side. As a rule of thumb, Android apps take 2-3x longer than iOS apps, inflating the costs correspondingly.

The Developer Variable

The developer translates the logic into code, writes the code and compiles it into a working app. In the process, he or she also ensures the app is compatible with the OS and devices in which it is intended to run, is robust and secure, and complies with the requirements of the app store where the app is to be uploaded.

An individual developer costs around $150-$200/hour. While freelancers could be hired for as little as $50 an hour or even less, it takes professionals to convert the design prototype into a real, functional app. Experienced software engineers help avoid needless delays and bugs, and makes sure the app is optimized and scaled in the long run.

It goes beyond an individual developer though. In the sense, app development is a team-work, involving not just several programmers, but also designers who create the visual content, the business manager, representing the business who require the app and responsible for the scope or objective of the app, a project manager overseeing the work of various developers entrusted with developing different components of the app, an account manager who liaison between the development team and the client, among others. While individuals can and do fulfill multiple roles successfully, the best team invariably have specialists on board for different elements, such as user experience, interaction design, visual design and so on.

It goes without saying experienced and professional development team would cost more.  A start-up firm or inexperienced freelancers may get the same done at a considerably lesser amount, but as a general rule thumb, there is a price-risk conundrum, with lower the price, greater the risk. An experienced development team delivers the conceptual foundation, offers excellent planning, has a robust ecosystem, and come with talented developers.

However, such promises are not set in stone. An experienced developer can mess up the project, and a talented upstart can do a very good job. Much of app development involves trial and error, so it makes sense to opt for a developer who knows what they are doing, to minimize the error part. One way to get the best of both worlds is offshoring, which allows hiring high-quality developers at a fraction of the cost it would attract to do the same job locally. Likewise, small-shop developers seek to compete on biggies in pricing, offering the same professional development at around 40% to 60% of the costs.

The trick lies in identifying talented developers and then selecting the most cost effective or value for money offering. It is always a safe bet to opt for professional app development firms who understands your business and can become a valuable partner, who has a talented development team at their disposal, and who comes with a wealth of experience, having developed several apps, in different contexts.

Many enterprises make the mistake of thinking just because mobiles are hugely popular, buildings apps are easy and cheap. Building high-quality apps is a complex job and the costs can add up. As the adage goes, “you get what you pay for.”