A recent study conducted by Harvard Business School indicates that Americans spend over three hours per day on mobile devices. Therefore, the benefits of building a mobile app are endless but what about the cost to design and develop a truly successful mobile app? Building a mobile app comes with a pretty significant investment in both time and money. Compliance & security requirements, set of features, maintenance and support, and how to plan post-launch operations – those are only some of the factors that impact your mobile app design and development budget.
It’s no wonder that first on the list of factors are Features. Whether a robust feature set or a simple one in a form of the MVP – deciding on features can affect your budget significantly. That’s why prioritizing what requirements you need to have versus those that would be nice to have, lowers the risks of redesign and rework in later stages of development. In one of our previous articles, we’ve mentioned that when creating an app – chances are high
that your users’ smartphones will run Google’s Android or Apple’s iOS mobile operating systems. The complexity of the platform ecosystem always impacts the development time period which, as a result, impact your budget too. Additionally, it’s important to decide whether a native or hybrid app will be built. While native apps take more time to develop, they have better UX and the overall performance. On the other side, hybrid apps will get to market faster but with a limited performance. Each of these options definitely has its own advantages and disadvantages.
The last factor but not less important – the team of professionals developing the app. Android or iOS app developers, project and product managers, UI and UX designers – this is the team behind most of the mobile apps we see and use today. Whether you hire a whole team, a group of single professionals individually or engage with an agency to get the job done – choosing the team to design and develop your mobile app will definitely impact your budget.
According to a research done by TechCrunch, the average price of building an app in US is approximately $6,453. When it comes to the enterprise apps – the price range is most often from $100,000 to $500,000. In this article, we have outlined the different factors determining what that cost of developing a mobile app might actually be. Some people give preference to the features as the most influential factor while others will say it’s the team or some other factor. Either way, estimating the cost is one of the most important aspects when you decide to develop a mobile app.