Did you know…
- There are over 3.5 billion mobile internet users. (Source: Statista)
- 178.1 billion mobile app downloads registered in 2017 (Source: Google Research)
- Consumers primarily use apps to receive deals and offers (68%), for the flexibility to buy anytime (64%), and to compare products (62%) (Source: Clutch)
An Ultimate Guide to Know How Much Does It Cost to Make an App
Undoubtedly, websites offer numerous benefits to strengthen customer experiences, however, depending solely on online presence is no longer sufficient. Customers demand convenience. Instant access to information and the ability to search anything, anywhere makes them happy and satisfied. Mobile apps give you a terrific opportunity to engage, assist and influence potential customers.
The mobile revolution has completely transformed marketing strategies of many businesses. Investing in mobile strategy has become a worthwhile approach to accomplish business goals in fleeting time.
Before we initiate our discussion on app development cost, we should know “How mobile apps help your business to succeed?”
Here is a list of benefits of building a mobile app –
Give a Delightful Experience to Customers
From a brand’s perspective, a custom-built app is more than just a catalog of your products. Through apps, you can smartly communicate with customers through push notifications, in-app messaging, and SMS. By leveraging artificial intelligence, the mobile apps offer 24*7 assistance to customers which make them feel valued.
Improve Brand Visibility
If your customers can see your app on their phone, the probability of getting noticed increases by 3x times. It helps you strengthen customer-brand relationship through promotional advertisement of your brand with personalized offers, special discount and much more.
Additional Medium to Generate Revenue
Every business is looking for extra profits. Mobile apps can become a great medium to influence customers and retain them in the long run. Moreover, in-app advertising can help you in generating revenue on a frequent basis.
Stay Ahead of the Competitive Curve
Building an app is a smart solution to beat your competition. When you provide a solution to customer’s problems, the chances of your gaining brand visibility become high in the competitive marketplace. Depending on the requirements, you can add features like GPS technology for real-time tracking or third-party payment options for secure transactions makes your app a more useful tool for your customers.
Key Ingredients for a Successful Mobile app
With over 1 million apps registered in the major app stores, why would people download your app? To compete with the top-tier apps, it is imperative to understand the key components of a successful mobile app. Although, mobile app success is a journey, not a one-step process. However, it must satisfy the end user’s needs, to leave a significant impact on the industry.
Must Deliver Solution to a Problem
While creating a mobile strategy, it is important to know the purpose of the app. Do a thorough research to recognize the customer’s pain points or barriers to purchase. It will not only provide you with deeper insights about the types of problems a mobile app can solve but also save your hard-earned investment in unproductive mobile app development.
Delivers Real Value
How is your idea unique from other apps? Users don’t have enough time, all they want is speed and convenience. This value is accounted at different parameters, for instance, utility, convenience, entertainment, information and a wide range of other areas. With thorough research about your app idea, you can successfully ensure the value you intend to share with your users.
Keep it Simple
User Experience plays a significant role when it comes to the success of your app. Users crave for efficiency, thus app should be as decluttered as possible. Along with a convenient user interface, if you provide users with proper directions to use the app then the chances of being liked increases by a significant number.
Provide Offline Functionality
Most apps rely on internet connection. Although we have internet everywhere, offline functionality gives your app an upper hand over others. If users can access the features or information offline, then it fosters a positive user experience which is an essential component for app success.
Sustain High Performance
Performance is critical for mobile app success. It is found that users only attempt to use a problematic or a poor functioning app for not more than 2 to 3 times (source: Dimensional Research). To deliver consistent performance, your app must be tested to avoid any bugs, troubleshooting problems or slow performance. Continually testing the app or upgrading the app with new features ensure that it performs well in the marketplace.
There is no magic formula to determine how much to make an app but there are a few significant factors that affect the figures.
Factors that influence mobile app development cost are-
1. Platform: Native or Hybrid or Progressive Web Apps?
Unlike traditional web apps, progressive web app uses modern and advanced capabilities to deliver app-like experiences to smartphone users. These apps are deployed to servers and are accessible through URLs. The apps are just like websites thus supports multiple devices and run glitch-free for every user, regardless of browser choice.
Advantages of building Progressive Web Apps are –
- Cheaper than native and hybrid apps
- Easy to build and maintain for the long run
- Low space required on the device
- Fast loading times thus increase conversion rates
Average Cost of Progressive Web App Development ranges from $2000 to $3000.
Advantages of building Hybrid Apps are –
- Enhanced User Experience
- Reduced Development Costs
- Easy Integration
- Offline Support
- Simplified Maintenance
Average Cost of Hybrid App Development ranges from $10,000 to $100,000.
The Native mobile app development involves developing apps for a mobile operating system and users access them from a dedicated app store (App Store or Google Play). It can use device-specific hardware and software and offers optimized performance to users.
Advantages of building Native Apps are –
- Great UI/UX User Experience
- More Secure and Reliable
- Access All Features of Devices
- Superior Performance
- Easier to Add New Features
Average cost to develop an iOS app is about $28k and an Android app may cost you around $23k.
With no second thoughts, the world is becoming increasingly mobile. According to Business of Apps, the global mobile app revenue forecast for 2020 is $189 billion and top mobile app development companies are experiencing all the advantages of this rapid growth.
2. Features and Functionalities that makes a Whole Difference
Since we have a wide variety of choices, customer engagement is the key. With growing consumer demands, business apps should be useful, intuitive and easy-to-use. So, to beat the best in the marketplace, few features that your app must include are –
Convenient Search Mode
Search functionality gives robust experiences to customers and encourages them to get engaged smartly when required. With this, users can locate content quickly by adding key phrases in the input section and locate the content they are looking for within seconds.
Pixels, Sizes, and Resolutions
It is no longer enough to just create your apps for Android or Apple devices. The app developers need to focus on a range of screen sizes between compact smartphone and large-sized tablets. A responsive design into your app development reduces the chances of uninstalling by thousands of users.
Customer Support Availability
It is one of the prime features in any mobile app. There are a lot of chances users find it difficult to use the app or get stuck somewhere, instant customer support services make them feel happy with their choices.
There are a lot of features that your app must incorporate, however, rest of them can be decided on the type of app development. To advance your mobile app you can also integrate the latest technologies into them.
1. Blockchain Apps
Blockchain technology was originally developed for Bitcoin currency, however, holds a tremendous potential for apps that require ledger-type functionalities or huge data storage. The major benefit of using technology is to access large volumes of information in a secure and reliable way. There are two types of blockchain app development platforms – Permissioned and Public.
The average cost of Blockchain app development ranges from $30,000 to $1,80,000.
2. AR-VR Apps
All the tech-giants including Apple, Facebook or Samsung pour billions into AR-VR app development. AR enables entrepreneurs to give an enhanced visual experience to its customers and VR promotes the products and services by using a blend of photography and technology.
Average AR-VR app development cost lies between $15,000 - $ 25,000.
3. Location of Mobile App Development Company
Locality plays a prime role in deciding the cost to create a mobile app. You can witness drastic changes when you move across West to East across the globe.
- In North America, it lies between $100 to $150
- In South America, it lies between $30 to $50
- In Asia, it lies between $18 to $40
- In Australia & Europe, it lies between $60 to $95
- In Russia, it lies between $25 to $45
How to know the cost of your app without communicating your idea to anyone?
In the era of mobile development, app cost calculators are a free tool that gives you a ballpark of your Android or iOS apps. We have built a robust app cost calculator that calculates the estimates under a minute, have a look :- App Cost Calculator
Once you approve with the rough estimate, we draft a detailed cost breakdown structure that consists of your requirements, frameworks and other necessary project-related documentation. Connect with us, we will provide you with an end-to-end strategic approach from application development to its maintenance and launch.