Mobile application development industry in the last seven years has multiplied by leaps and bounds, changing the way businesses function worldwide. Most prospective customers often ask how much does it cost to build a mobile app. With a whole new app landscape, it is worth addressing the epic question. Every mobile application development company would charge a different amount to build a technological clone of popular apps. Most of these fast-growing mobile application development companies offer idea-driven apps for top-notch companies. Mobile apps have become so important that every organization needs mobile application development solutions for their respective business to keep up with the market.
Creating the app may just be the tip of the iceberg, or better yet, the first step of a long journey. Stats show that apps built by the largest app companies, the “big boys” cost anything between $500,000 and $1,000,000. Because there are so many different variables, the price of a mobile app could vary drastically. According to a VDC Research survey, on average companies require more than 6 months to develop and to deploy a single mobile application and spend an average of $140,000. Gartner predicts that in 2017, the market demand for mobile application development services will grow at least five times faster than internal IT organization capacity to deliver them. Actually, Mobile application development is the set of processes and procedures involved in writing software for smartphones.
Factors to Consider when Pricing App Development
There is a significant difference between engaging a freelance, outsource iPhone app development team, or an app development company. Similarly having an app which that requires a backend server built or APIs integrated versus one that is completely stand alone can differ drastically. Many startups today are either exclusively or heavily app-focused. The costs of apps are largely based on features, complexities, and platforms. Apps with backend servers will always cost more. Simple apps for one platform can start around $25,000. Complex apps can cost in six figures but can even push over $1,000,000. Costs will also depend on who builds it e.g. offshore teams versus high-end agencies.
How do you Estimate the Cost of App Development?
One can do a rough estimation of the project. Based on the documentation, description, user stories, specification, the approximate number of hours to build a product is identified. Most of the mobile application development companies, offer development services for iPhone, iPad, and Android. This means that an app’s price covers every service related to product development including project management:
Requirements Analysis + Design + Development + Testing and Verification
Iteration by iteration the cycle repeats until a product becomes truly successful. To launch an app is not to complete the mission; it is just the beginning of your app development process.
Cost and Timeline to Clone your Popular Apps
Here are some estimates of time and money you may need to develop cloning app.
- Shazam: Shazam is a popular music app that gives users the experience of searching the music you like in real-time. The app filters the title line of the song instantly and then searches it easily from its huge database. The app development cost, of similar apps for iOS and Android app platform would be in the range of $9,000 to $35,000 with a delivery time of around 5-6 months.
- InstaCart: InstaCart is an online grocery shopping app that provides one-hour delivery to your doorstep giving you the luxury of getting fresh and healthy eatables in just a few clicks. The app development cost on both iOS and Android including web services should be in the range $38,000 to $150,000 with a total delivery time of 4-6 months.
- Uber, TripAdvisor, Instagram: Uber is a transportation app that lets one hire a driver to ease one’s traveling. Uber is a two-way application that connects passengers to drivers with vehicles for hire. On the other hand, the TripAdvisor is a traveler app with gives knowledge about the destination via reviews. The Instagram app is designed to share images and short videos, which is immensely popular among renowned celebrities. The app development cost, of a similar app for iOS and Android platform would be in the range of $60,000 to $240,000 with a delivery time of around 3-4 months.
- Viber: It is a one-stop socializing app connecting friends and families and other people worldwide via free voice or video calls. Unlike other social media apps, it allows users to talk freely and share messages via stickers. The app development cost, of a similar app for iOS and Android platform would be in the range of $65,000 to $260,000 with a delivery time of around 5-6 months.
Remember to bring an app to the market goes beyond a v1.0 budget. Another market research shows that a feature-rich complex app like Instagram or Uber ideally costs anywhere between &65,000 to $260,000. Medium complex compelling apps like WhatsApp or QuizUp most likely cost between $60,000 and $240,000. User- friendly app with least functionality like Tinder and Periscope cost anything between $40,000 and $150,000. This is a rough estimate. To help potential clients to find detailed answers to app development cost and time question, Companies conduct several surveys across the app landscape. Based on comprehensive research, companies present the app development cost breakdown and time investments to create apps that have similar functionalities to world’s popular mobile applications. All estimates stated above are rather theoretical, practical is more complicated, in fact, to know how much it costs - build a successful app?