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The Factors (& Costs) to Consider for Building Your Apps





According to GoodFirms' study, the average cost of a simple app is between $38,000 and $91,000. The cost of a medium-complexity app ranges from $55,550 to $131,000, while a complex app will cost anywhere between $91,550 and $211,000. The cost of creating a mobile app is divided into three categories: basic, moderate, and complex. Basic

  • There is no API integration.

  • There is no backend.

  • Basic user interface elements

  • Features that are easy to understand (email subscription, social login, calendar, etc.)

  • 400+ hours of work

Moderate

  • UI/UX features that are exclusive to you

  • API integration with a built-in payment gateway

  • Around 500 to 800 hours on the backend server

Complex

  • Support for several languages

  • Integrations with 3rd parties

  • Animations created just for you

  • a convoluted backend

  • UI/UX style that is exclusive to you

  • SQL integration allows for real-time features.


How much would it cost to make an app in terms of hourly rates around the world? Here are the averages per hour rates of app development companies -

  • US app developers charge $50 - $250 per hour

  • UK based app developers charge $35 - $170 per hour

  • Eastern Europe based app developers charge $20 - $150 per hour

  • India based app development companies charge $10 - $80 per hour

  • Australia based mobile app developers charge $50 - $150 per hour


What Factors Affect the Price of a Mobile App? You can't trust the software development company to tell you about the development costs right away when you start working on an app. They must first examine the initial specifications. Surely, before sending you a quote, the development team would estimate the number of hours needed to execute your requirements. The following are the most important factors that influence construction costs:

  • Form of the project (CRM, marketplace, LMS, EHR, etc.)

  • Functionality and features

  • Digital interface customization (template or custom)

  • Platforms are a type of technology that allows people (iOS, Android)

  • App management and backend infrastructure

  • The location and composition of a production team and the types of developers are important considerations.

  • Additional facilities and app maintenance costs

  • Project team in-house or outsourced

  • Hourly prices of the vendor

A simple app can cost up to $10K, a medium complexity mobile app can cost up to $40-70K, and the most complex apps can cost up to 6-7 figures. Even these estimates will differ depending on the number of features, the technology used, experience, and the size of a software engineering team. If you are seeking guidance or assistance with your application development, please feel free to reach out to me via mslonaker@mattallendevelopment.com. We have worked with a dozen firms over the last few years and can share additional best practices and insights to help you achieve your goals.


Regards,


Matt


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