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The app development cost is question number one when starting a digital startup.
How much should you invest in the beginning to build an awesome app and then scale it to a business worth billions?
Our team has analyzed some key mobile app industry studies. Here, we created a compound article of recent findings and have included our practices regarding mobile app development.
This guide will help you to understand the app development cost formation. You will be able to effectively manage your app development budget, reduce app costs, and pay attention to mobile app cost drivers upfront.
The most reliable mobile app industry studies provided the following quotations for app development cost and timeline:
The median app development cost is around $171,450 (at a rate of $150/hour), which represents 1,143 development hours. The total app price could even increase to $727,500 in the case of complex functionality implementation
Average minimum app development project is between $5,000 to $10,000. The typical cost to create an app is likely to be far higher
Enterprise mobile app development cost is an average of $140,000 (VDC Research, 2017)
Available app cost calculators state a price range from $267,000 to $360,000 for complex, multi-feature mobile apps
Regarding the app development timeline: over 80% of mobile apps take 3+ months to develop; 40% of apps are built in 6+ months
Apps are intangible – as opposed to hardware, software products are seen as screens. In order to show this information, all the hard work is done in the background. An analysis of Kickstarter campaigns derives that hardware projects receive more funding as opposed to software ideas. It is suspected that hardware remains more noticeable, while software is out of sight and, therefore, unappreciated.
In-application advertising is currently the fastest growing form of mobile advertising on the market.
The reality is that while smartphone use is overwhelmingly popular for some activities such as social media
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