These days, we all depend on technology as we have an app for almost everything. For instance, if we want to connect with our friends & family, we have WhatsApp, Facebook, etc.; to make financial transactions, we have several banking apps; we can order food with the help of apps only.
Even looking at a report by Statista, Mobile apps are projected to originate more than 613 billion U.S. dollars in revenues by 2025. Hence, the revenue of Mobile App Development in multiple segments will exponentially increase.
With this immense popularity, it’s not surprising to see that every digital business is underwriting Mobile App development. And when we say investment here, it directly implies a cost.
However, what could be the total mobile app development cost in 2023? This is the question that instantly strikes an individual’s mind. This blog aims to give you a comprehensive answer and profound insights into the factors that affect mobile app development costs.
Factors that can influence the mobile app development cost
Mobile app complexity
The cost of mobile app development completely depends on mobile app complexities. If a business needs a simple app that may include a login system, user profile facility, dashboard, and limited administration, then these apps require lo w cost in development. These types of apps could cost somewhere around $3,000 – $8,000.
Along with basic features, a medium complex app includes a plethora of features, such as social media integrations, payment gateway, audio/video streaming, user privacy, etc., and this app could cost you around $8,000- $15,000.
A medium complex app is not restricted to the above feature and can contain more according to your needs. Some apps with medium complexity but are integrated with the latest technologies like AR/VR, A.I., and machine learning, plus multi-language support, could cost you approximately $20,000 – $60,000.
Mobile app category
The average mobile app development cost also depends on which category the app belongs to. When a business needs to upgrade, its required app also needs upgradation, and when we move from one category to another for advanced functionalities, a lot of things require to be changed.
Hence upgradation requires changes such as the number of users, functionalities, security criteria, etc., which ultimately leads to fluctuation in the cost of development.
Let’s glance at some of the most demanded app categories
- E-commerce apps- E-commerce apps like Amazon are at the peak of popularity because these app categories contain tons of features and functions. And these fantastic features allow the application to perform effectively in real-time, handle millions of users in one go, and have robust security.
- Social networking apps- These apps are used to connect people; without limiting the boundaries. Businesses can connect to their clients & partners; on the other hand, end users can connect to their friends & family. Your target audience can get more information regarding your business, and new audiences can know your business.
- On-demand apps- IoT-based applications are the most demanded application these days. This kind of app helps rivers to have a hassle-free drive. They are built on three types of users like personal use, individual providing services, and business use.
- Fintech apps- Mobile net banking applications make the transaction process easier than ever. These apps include layers of protection for end-to-end transactions. Hence, they are the most demanding apps globally. They help businesses to pay their employees, make bill payments, etc.
U.I. and UX designing
The next factors affecting mobile app development costs are app design and animation. The app’s design means U.I. (user interface) ensures the application’s look, and UX (user experience) ensures the navigation process. And this whole process ensures that the user invests a good amount of time in the app, and at the end, they must make a purchase.
Generally, while designing the app, there are two types of options; Custom and Standard UI. Customized U.I. is much more challenging to design and implement than the Standard UI, which makes it more expensive.
App feature and functionality
We can say increasing features & functionality and cost are directly proportional to each other. Because when you increase features or functions in an app, then the efforts increase, so the price increases automatically.
Therefore, experts suggest focusing on core functions in the initial phase of an app development process; after that, you can upgrade your app with new and advanced functions.
App maintenance
We all know that “Change is good.” Just like that, every business needs to upgrade its existing application according to the market. And this is the most crucial step for all kinds of companies. And this vital step includes some essential elements like bug fixes and app design changes.
Code reuse
This is the only factor that slashes down the cost of mobile app development. It is possible when an organization plans to reuse the code of an existing application or just change the branding elements.
But experts suggest you just reuse the login and contact us code; otherwise, it will be impossible to maintain a separate brand identity.
Quality assurance
Quality Assurance cost depends on the size of your application; the step is very important to ensure that the application developed is working fine and has no bugs. You may also need business analysts to take care of the development cost; B.A. ensures that the cost is low and comes within your app development budget.
Infrastructure costs
Costs associated with infrastructure include those related to app hosting, data delivery, and storage. All of this increases a project’s expense and complexity. Servers, data storage, programming tools, and libraries are a few examples of infrastructure cost elements.
How Can Infoneo Help You With Mobile App Development?
It is evident that one cannot calculate the exact cost of Mobile Application Development, as it varies on the above-mentioned factors. You should be able to estimate the cost of making your creative app idea a reality by considering all the impacting aspects.
However, if you are still confused with the pricing, you can directly reach out to the experts to know an exact cost estimation for the demanded Mobile Application Development.
Infoneo has 8+ years of experience in mobile and web application development. We have experienced professionals in our team who ensure the clients get the best. Our team ensures that the demanded application is delivered timely without any flaws.
Need Help?
I hope you find the blog regarding Mobile App Development Costs informative! Please let me know your suggestions and feedback in the comment section below.
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