With the increasing popularity of Smartphones, the demand for mobile apps has naturally risen as well. It is estimated that by 2020, the worldwide app market will possibly hit $100 billion. Given that app platform is up surging and the mobile dependency is high; you must consider having an app for your business. Prior to leveraging this golden opportunity, every business whether a large corporation or a startup will definitely consider the cost of developing an app. However, there is never one answer for this question.
Mobile app is created in multiple stages and every phase necessitates specialization and testing as well. This is why it is not easy to determine one cost for the process. Moreover, there are numerous other variables that contribute. Some of the major ones incorporate selecting a platform; iOS or Android, functionality level or if you require a high tech one. Typically, people launch the apps on iOS first and then on Android.
For starters, you will have to consider the costs of location when it comes to choosing a developer. It incorporates the labor costs, taxes and the cost of doing business as well. This will majorly influence the cost of a mobile app as the wages will be dependent on the hours put in. On average the hourly rate of a developer in the US is $100-$150. However, this can vary depending on the level of experience you require and the location of the developer.
Secondly app User Interface (UI) and User Experience (UX) design are essential because it makes the application easy for people to use. There are three design stages called wire framing, UI and UX design. In addition, the design is also dependent on the complexity; simple, average and complex app. You can see the table for the cost breakdown.
Thirdly, you will have to decide the platform. There are two dominant systems; iOS and Android. Building an app on either approximately costs the same with slight differences in price. Most of the app users are split which is why it is suggested to develop the app on both. If your area of operation is mostly on either Android or Apple, then you can build a native app. This implies to a mobile app that is developed specifically for one platform. It is more expensive yet reliable. If your customer base is split between iOS and Android users, then you must opt for a hybrid app. It is cheaper and supports both platforms.
Data for medium enterprise
The cost also varies on the features in an app. A simple rule is: the more features, the higher the complexity and the higher app cost. For basic features including login, social sharing and push notifications; the app will cost $40-60k.
Likewise, maintenance cost is also critical after the app is launched. Generally, this cost adds up to 15-20% of the development cost incurred originally. For instance, if the cost of the app creation is $100,000 then approximately you will have to pay $20,000 to maintain it on a yearly basis.