How Much Does Mobile App Development Cost?
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The cost of mobile app development varies significantly based on factors such as app type, features, design level, and developer location. Estimates suggest that app development can range from $50,000 to over $1 million, with established companies charging higher rates. Ultimately, quality and development time are more critical than price when selecting a development partner.
How Much Does Mobile App Development Cost?
- 1. HOW MUCH DOES MOBILE APP DEVELOPMENT COST?
- 2. MAIN COST FACTORS • The type of an app • Number and complexity of features • The level of design • The amount of work • The platform
- 3. Let’s take a look at the most popular mobile applications in 2018
- 5. Since the apps above contain a number of features which are pretty common to a wide range of applications, it may be useful to understand what has an influence on their price. Of course – there’s no open data on the actual costs of these apps, so it’s only possible to make a guess.
- 6. WAY TO ESTIMATE THE COST (features x time) x hourly rate = cost
- 7. The important factor here is, obviously, the difference in hourly rates across countries.
- 8. Median cost of iOS development source: codementor.io
- 9. LET’S TAKE THE AMERICAN RATES AS THE REFERENCE AND TRY TO ESTIMATE THE COSTS:
- 10. WhatsApp: In total, it will take somewhere around 1500 hours to create the same app. This way, WhatsApp’s clone will cost something like $225,000
- 11. Facebook: If we multiply 3000 hours by $150/hr, the total cost would be around $450,000. Here’s what Ben Schippers, co-founder of HappyFunCorp, said: “If you asked me to build Facebook.com for you, I would quote you $500,000 and nine months of development and design time.”
- 12. Uber: The total development time will take approximately 1100 hours resulting in $165.000.
- 13. MOST COMMON BUDGET source: www.progress.com/kinvey/resources
- 14. The size and the status of the mobile development company play a major role too resulting in additional 40%-60% to the cost.
- 15. Let’s have a rough estimation:
- 16. Applications developed by: • Big players – around 500,000 to $1,000,000. • Medium ones – between $150,000 to $450,000 • Small companies – around $50,000 to $100,000.
- 17. The price may be an important criterion to take into consideration when picking your mobile app development partner, but it’s not the crucial one. All that really matters is the quality and time of development.
- 18. The price may be an important criterion to take into consideration when picking your mobile app development partner, but it’s not the crucial one. All that really matters is the quality and time of development.
- 19. IN CONCLUSION
- 20. In order to obtain great results, you should understand what features and functionality are truly necessary and what are the ones to skip. As mobile devices are becoming the shopping weapon of choice, make sure you have a well-designed app.
- 21. If you’d like to get a free project estimation by our team, just drop us a line and we’ll discuss all the details. info@sumatosoft.com
- 22. ABOUT SUMATOSOFT 80+ DEVLOPERS FOUNDED IN 2012 HIGH TECH PARK RESIDENT 20+ COUNTRIES SERVED www.sumatosoft.com ENTERPRISE APPLICATIONS STARTUP SOLUTIONS SAAS DEVELOPMENT INTERNET OF THINGS BLOCKCHAIN SOLUTIONS ARTIFICIAL INTELLIGENCE MACHINE LEARNING BIG DATAMOBILE APPLICATIONS