The number of mobile phone users is expected to reach 7 billion by 2020. In the same period, the number of smartphone users will increase to 2.6 billion. It provides an opportunity for businesses and app developers to shift their focus to a market that is growing by leaps and bounds.
This is also the reason for developing an app these days as they have become a part of our daily activities. Research by eMarketer suggests that 90 percent of the time users spend on smartphones is in apps.
Consumers also like spending money on mobile apps. According to insights by App Annie, global consumer spending in the App Store will reach $ 157 billion by 2022.
This represents a 92 percent increase between 2017 and 2022. It is clear that mobile application development is a valuable investment in its industry to establish itself as an authority.
As much as you are looking forward to developing an app, there are some questions that you have to address before starting the process of developing.
One question that is asked most often is about app development cost. In this blog, we will provide a detailed overview of how much it costs to develop a mobile app in 2020.
How much does it cost for mobile app development in 2020?
This question is difficult to answer. How much will it cost to build an app in 2020? No one can give you an accurate estimate of cost without understanding the app nature.
It has no fixed cost as it depends on many factors such as app features, design, app development team location, and more.
Think about buying a car or a bike. Unless you know the make, model, engine capacity, and other features of the vehicle, you cannot come up with an exact price.
Similarly, there are various factors, considerations, and price ranges when developing an app. Let's see the breakdown of the elements that determine the cost of app development.
1. Type of App:
The first factor affecting development costs is the type of app you are creating. There are different types of apps, and each of them requires various features that determine its development costs.
Some famous app includes eCommerce apps, on-demand apps, social networking apps, functionality apps, data-driven apps. Some might have the same features, but they all come with different approaches to develop an app.
Your app may come in various categories like gaming, music, health, travel, business, and education, etc. The app cost will transform with the app category.
2. Platforms used for developing an app:
Two frameworks can be utilized for app development. This includes:- Native App Development
- Hybrid or Cross-Platform App Development
The native frameworks utilize the programming languages and tools for making a particular platform. You can also select the cross-platform framework and create a hybrid app which runs on a various operating system without change in code.
The cost to develop the app will differ depending on the mobile platform for which the app is designed. As native applications are developed for a specific platform, they can access the services and programs with device for best performance.
The downside is that they cannot work on devices other than the devices for which they are built. You will need to create distinct apps for users who are utilizing different mobile platforms. This largely enhances the app development time as well as costs.
3. Developer's location:
The cost of app development also depends on who is developing the app and what is their location. The average cost per hour for app development in the US can reach $150.In Eastern Europe and the Indian subcontinent, it is about $ 30, while in Indonesia; it is as low as $ 11 per hour on an average, which is subject to change as per the development company.
4. App's complexity:
Application development costs increase with application complexity. There are numerous types of apps, but in terms of complexity, they can be classified into three broad categories.- Basic apps: These are apps that do not need the data server remotely. Examples of such apps include Calendar App, Diet Planner, and so on.
- Web server’s apps: These apps save more data based on remote servers and need a higher level of sophisticated programming.
- Gaming apps: The price tag on these apps is difficult because they include apps with simple features that use complex virtual reality.
5. Feature of Apps:
The number of facilities and their complexity also affect the final development cost. Clutch.co firms found in the research about the value of various elements that 70 percent of the companies spent less than $ 5,000 on push notifications.As functionality does not have a fixed price, one cannot expect the price to be the same in every project.
The functionalities, along with the procedure and complications adjoined with each feature, fetch the cost of app development.
Summing up: These are some of the factors that impact the cost of app development. We, at Panacea Infotech, offers end-to-end android app development as well as iOS app development services as per the client's requirements. Our developers are experienced, which helps us in delivering the project according to the enterprise needs. Email us at info@idesignibuy.com for more details.
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