According to statistical analysis, more than 87% of mobile time is spent by users on various mobile apps. There’s no doubt why every software firm and developer is focusing on developing smartphone apps for users.
Despite the global pandemic all around us, the smartphone-compatible app development market is likely to touch 17% or more by the first quarter of 2022. People no longer have time to visit websites, instead, they prefer to simply install and download a mobile app for all purposes.
Some of the most popular mobile and smartphone apps with global operations are: Tinder (dating app), Zomato (food delivery app), Uber (cab service aggregator), and others. A mobile app is the demand of the time. No matter why type of business you deal in, you have to find an app development company to develop your app from scratch and expedite your ROI and profit.
How much should I invest to get my business app developed?
It actually depends upon the company to who you outsource your app development needs. If we go by the recent trends and current prices, entry-level mobile apps with basic features and functionalities would cost something around $150 to 13,500. But it’s only an estimate. You can even get your app developed at half of the above-estimated cost provided you opt for a simple app with just one or two features.
However, if you wish to develop a multi-dimensional trendy app with a host of features and an intuitive notification and alert system for all users across the globe, you need to invest a bit more. Usually, big firms and mid-sized companies opt for such apps. They are all-in-one apps with multiple facilities to users and may not require frequent up-gradation or modifications.
Top Approaches to Estimating Mobile App Development Cost
Agile Method Approach
Under this method, both the client and their developer come into a contract for the fulfilment of the specific requirement. A client lists out all necessary features that he’s looking forward to in their soon-to-be-developed mobile app. Likewise; the developer also furnishes necessary details that how much they would charge for offering such features. Based on their mutual contract, the app development fee is then charged based on hours invested into the same.
The inherent advantage of this approach is the developer team knows how much time they have been allotted for the completion of a particular task. For example, you may allot 72 hours for the development of an app’s home page to the developer or 96 hours for integrating a payment gateway link into your app.
Thus both the client and developer know the stages of app development along with the prices and hours needed for the completion of the same.
Waterfall Price Theory and Practice
Another approach to it is the waterfall price theory. Under this method, the developer agrees to develop the app or its features at a certain agreed price mutually decided by both the client and its developers before the start of the project. This is also called the fixed price app development approach. This method is suitable for small-scale firms that hire developers on a project-to-project basis as per requirements.
Top 5 Factors to Consider While Determining App Development Pricing
The amount of money that you’ll invest in developing a mobile app actually depends upon its purpose and needs. If you are looking for a mobile app with plenty of features and key functionalities, you need to invest more.
Features And Functions of the App
In simple terms, if you are adding more features to your mobile app like GPS tracking, online chatting system, or home page login system along with other optional services, you need to pay more to the developers.
Profile Creation
You have to decide which types of features you wish to provide to your users. One of the essential features available on mobile apps these days are automated profile generation. Using this feature, any user can create their profile with the help of a mobile number, registration id, and email address.
Social Media Sharing
Some apps also allow you to easily share the app details, including promo materials or offers online on social media with a single key. This is beneficial to the app owner because you get to leverage the potential of social media publicity on the app itself.
Secure Payment Integration
We already know that most apps are developed for the fulfillment of certain monetary objectives. If you integrate a safe payment system into the app, it will help your customers confidently make payments on the app itself from their smartphones. Make sure your app is fully safe and secured with robust online security measures in place.
Compatible with all Devices
Always make sure that you opt for developing Hybrid apps, which can run on both iOS and Android as well. You should always sign a contract with a mobile app development company for your app development project, which is proficient at creating cross-platform apps, which are compatible with various smartphones and iOS devices, including tablets.
In Conclusion
Hiring an appropriate mobile app developer for your business is always tricky. Price, proficiency, experience, team size, and locations are important factors to look into before getting into any contract with them.
Considering the demand of the time and the latest trends, you can outsource your mobile app development task to an expert app developer or a mobile app development company, which has years of experience and proficiency in handling such sensitive business app development projects with unrivalled customer support services available for 24×7.
