How Much Does it Cost to Develop a Mobile App?

if you have ever thought about mobile app development, the first thing you would have asked yourself is that “how much does it cost to develop a mobile app?” and then you will ask in your circle or google it.
Yes, it revolves around several factors, including:

1. What is the motivation for application?
2. What is the method of hardware features and functionality?
3. Platforms and Supported Devices
4. How to Built it?
5. What does it do?
6. UI/UX
7. Maintenance plan
8. Who builds it?

Once you have the answers to the above, estimating the Mobile App Development cost is quite clear. You can use this article as a note to come up with an assessment for your app budget.

How Much Does It Cost To Develop A Mobile App?

The essential formula to calculate mobile app development cost is:

Application Cost = app development time x hourly charges
It is also Depend on the features you wish to include and you can squeeze the calculation as:

Application Cost = [Features include x Time] x Hourly Charge
you can use these formulas to calculate Mobile App Development costs.

By 2022, the yearly application users spending in app stores will grow to $157 billion. Mobile App Development will be one of the finest investments you can create. And you might redeem its cost using several app monetization methods.

App Maintenance Costs

An application maintenance cost will contain mostly 10% to 20% of the entire development cost. Even if you aren’t thinking of newer versions with better features, we must keep maintenance in touch to make our users happy.
the application maintenance factors are:

1. Developing or tweaking features
2. Code of optimization
3. Updating application for the new OS
4. improvements in performance and stability
5. Errors/bugs fixes

Recommended: How To Reduce The App Development Costs Without Compromising The Quality?

Here are Some Development Expenses of Famous Apps

WhatsApp Chat Group in WhatsApp.

Essential Features:

1. Media Sharing
2. Cross-Platform
3. Audio / Video Calls
4. Audio Conferencing

Average Development Time – 4.6 months
Average Development Cost – $64,333

Instagram

9gag’s page on Instagram.

Important Features:
Geo-location for images
Built-in chat
Social Media Integration (Facebook)
Filters
Tablet Support
Average Development Time–4.5 months
Average Development Cost–$70,397

Uber

Searching for rides on the Uber app.

Key Features (For drivers and commuters):
Built-in chat
Support Tablet
Real-time users-traffic updates
Integration payments
Integration of Maps
Geo-tagging
Average Time take for development: 5.6 months
Average cost take for development: $91,218

Tinder

Tinder’s message section on a smartphone. Image Credit: techcrunch.com.

Key Features:
Multi-lingual
Behavior analysis
Social media integration
Voice chat
Free/paid membership
Average Development Time–3.7 months
Average Development Cost–$44,830

QuizUp

QuizUp app mobile interface.

Key Features:
Score system for answers or votes
Statistics
Social media integration
In-built chat
Location-based search:
Localization (questions based on country of login)
Average Development Time–4.6 months
Average Development Cost–$66,200

Wrapping it up with Conclusion

As you can see, Mobile App Development costs depend on many predicted factors. You can stick to the least important features and develop an app for a minimum amount. But if you can spend an extensive amount as an initial investment, you can build a high-quality application with reliable features.

The best approach is to write your requirements for your app and approach a mobile app development company. Like us or can be anyone you want who has a fair share of experience in this domain.

A well-developed mobile app will return the investment you made. Always prefer quality over quantity.