Read our post from 2019-Real Cost Of Building A Mobile App in 2019 and get a glimpse of how mobile app development cost is rapidly changing with each passing year.

Let’s see what the year 2020 holds for the app lovers.

Presently, there are more than 3.5 billion smartphone users worldwide. Earlier websites and social media platforms are used to build brand reputation and generate sales, but now, the scenario is entirely changed.

With the evolution of smartphones, the world is experiencing the magic of mobile app development. A smartphone is the one thing with which you can perform most of the tasks. Whether it be chatting to your dear ones, booking tickets for flights, reserving cabs or taxis, gaming, and whatnot.

The Mobile application plays a major role in our daily lives. Unsurprisingly, the time that a Smartphone user spends on an app is increasing day by day. And with the expansion of the app industry, this number does not seem to be reaching a stop in the coming years.

Read also:  Top 5 Cross-Platform Tools For Developing Mobile Apps

Got an app idea? Or want to make a million-dollar business with app development? Worry not! In this post, we will walk you through everything you need to know for developing an application. Including the factors considered in developing cost, what goes into when building an app, and the real costs it incurs.

The Cost Grid Of Mobile Application

 Do you want to be an owner of an app like WhatsApp, Instagram, or Uber? Before that check out the statistics of what a mobile application development cost?  

The number of features inbuilt and the complexity level it incurs also impact the final development cost.

Clutch.co surveyed firms about the cost of various elements and found 70 percent of the firms spent less than $5,000 on push notifications.

Detailed findings of the survey are produced below:

The features, with the process and complexity level associated with each feature, determine the development cost of the application.

Multiple factors play a crucial role while deciding the price i.e. the app developer price, the project complexity, and the time taken to develop the app.

The following elements to be considered before moving for the cost of developing an application:

• What type of business will it cater to? (Lifestyle, social media, games, food, etc.)
• What is the software platform? (iOS, Windows, Android)
• What is the type of design? (Personalized & customized, basic, or individual)
• What is the total number of pages?
• What are the features that the app will provide?

What are the different stages of the app development process?

There are five basic steps in the app development process:

• Discovery/Pre-Research Stage
• Design Stage
• Development Stage
• Testing and Deployment Stage
• Marketing Stage

App development companies sometimes estimate the cost of each stage for one project.

Read also: 6 Reasons Why Mobile-First Approach is Essential Today

What all workforce is required to develop an app?

A team of developers, designers, programmers, and creative teamwork on your project to develop an industry-leading app.

A basic mobile app development team consists of:

• Project Manager
• UI/UX Designer
• Developer
• QA Engineer

While a complex app requires the services of:

• 1 Project Manager
• 2 Backend Developer
• 3 or 4 App Developers
• 2 UI/UX Designers
• 1 System Administrator
• 1 QA Engineer

The Types Of Application- A Brief Description

One of the elements that are an integral part of the cost of building a mobile application is the type of application. Here are some categories of applications:

• Native applications
• Hybrid applications
• Basic applications
• Database-driven applications
• Gaming applications

Native Mobile Applications

Native applications aim at providing the best user experience with all its extensive features and functionalities. The applications built are large and heavy in size and can be optimized and used for speedy work.

These applications are usually built for education, entertainment, and business sectors. They are a bit costly and entirely depend on the platform they support. That means the greater the number of platforms, the higher the developing price.

Read also: Native App Development or Cross-Platform App Development: Which Is the Best Option for You?

Hybrid Mobile Applications

Also known as cross-platform applications, the target audience of such applications is very large. The cost of these apps as compared to the native ones is lower.

 The negatives of these apps are as follows:

• They do not deliver a top-notch user experience.
• They are not fully optimized.
• They lack access to APIs.

These applications are  considered best for the communication, lifestyle, and gaming industries.

General-purpose Applications

These types of applications are quick to develop or have very few features. They are developed for personal use and also not available on any app store.

The main aim of these apps is to showcase information. The user can click on the information displayed and can access the further detail available under the list.

Database-driven applications

Database-driven applications are complex ones to develop. They develop on a wide range of data and the information is stored directly in the device memory or on a web server.

Gaming Applications

The gaming applications are very complex, you may need to hire mobile app developers. It includes features like 3D graphics, global ratings, social media integration, etc.

It is difficult to determine the amount that a person needs to invest to develop a gaming app. The Angry Birds game app costing was $140,000 and it generates around 70 million dollars in the first year of release.

Why are Mobile Apps in high demand today?

 Few reasons why mobile applications are in high demand today.

Reaching the Audience

The Mobile application is always considered usable only if it reaches its targeted audience. An application that will featured on app stores has an increased chance of reaching its target audience. It also improves the visibility of a person's business.

eCommerce Business Will Reach Heights

 The main reason why the mobile app development business has gained momentum is that the eCommerce business has become so vast. Small business owners are looking for app development companies to develop an eCommerce app to engage more and more customers and increase sales.

The popularity of sites like Amazon, eBay, and Flipkart is the live example. Nowadays, more and more people are preferring online shopping for purchasing because the products are readily available round the clock. With the increasing mobile application demand in the market, the revenue of businesses also increases.

Reaching Beyond Boundaries

Applications have been breaking down geographical boundaries. Previously, the customer used to raise complaints and wait for hours/days for a response. But now,communication has become much faster and accurate.

Mobile Apps Are A Bliss For The Startups 

 The app designing firms are also helping out startups to set their foot in the highly competitive market. The success of Uber and Airbnb are live examples. There would be hardly a few peoplessdsd who book the cab from the website nowadays. More than 90 percent customers book a cab for a destination via the app.  The demand for mobile applications will definitely be going to increase in the coming days.

The End Note

Mobile application development is not as easy as it seems to be. It requires in-depth application development knowledge and the technologies trending in the market right now. Therefore, to develop a market-ready and customer-favorable app, all businesses need to hire mobile app developers that serve your business well.