In the last decades, mobile technologies and apps flooded the market in every industry. The idea of creating a mobile app comes to mind of many from small shop owners to high tech industries. When you have planned to create one then, comes the question about cost: How much financial resources are needed to launch a mobile app? In this article, we will provide an explanation of everything that makes up the cost of creating an app.
Factors That Determine App Development Cost
The price to make an app depends on various factors. Some of them are:
- MVP (minimum viable product) development:Â An MVP will give you a clearer understanding of your app and how it can evolve in the future.
- Development type: you can use an in-house team or outsource.
- Â Number of platforms:Â You choose whether you need an Android or IOS app. 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 the platform).Â
- Design complexity
- Complexity of features
The quality level of your app will solely depend on the level of expertise of your development partner. If you need a simple app, you can turn to relatively young companies (under five years old), outsource an experienced mobile development team, or use a mobile app maker with ready-made modules to create an app yourself. Here, the price would start at the $2,000- $15,000 range.
If you need high user engagement, in-app purchases, data management, location services, and custom features, you are going beyond a simple application. On this territory, the budget will start at $250,000. Concurrently, every new feature, technology, and additional development will make the number go up significantly.
In the end, no article online will help you calculate the exact cost of an app. It depends on too many factors â even prior to you giving the list of features and technologies, and even when you need a simple app. Therefore, knowing the most important factors that determine the cost of an app is what you should start with. The next step is finding the right partner for your project.
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