In 2023, developing an app is equivalent to constructing a stunning structure, such as a building.
Include third-party APIs for the wiring task, decorate the interior with expressive UI and UX design, and you’ll have a solid foundation in place.
The development of an app depends on each of these processes.
If things weren’t done right, bugs would appear, affecting the app’s integrity and functionality. However, just because the house is built doesn’t mean the end of your work. You must also keep it up.
A mobile app is the same.
A business app can remain market-relevant and user-friendly by following a proper development process and performing regular maintenance.
As a result, one frequently asked question among businesses seeking an enterprise-level app is:
“How much will it cost to assemble and keep an application?”
It can be challenging to respond to this inquiry regarding the actual cost of developing a mobile application. This is because it also depends on your decisions. Even if you get a price upfront, it can’t tell you everything. There are too many variables at play when determining final costs for developing mobile apps. In addition, traditional platforms for developing mobile apps come with additional hidden costs.
However, with APOTAC and other mobile app development platforms, these inquiries can be easily resolved. You will need to get in touch with our experts for that. However, for the time being, we will stick to describing how modern low-code mobile app development platforms differ from others and how traditional app development costing functions.
So, what exactly determines the range of costs for developing a mobile app?
The Apple App Store will have close to 2.2 million mobile apps, while the Google Play Store will power over 3.5 million mobile apps worldwide by the second quarter of 2022. This merely demonstrates that the expression “there’s an app for everything” is accurate.
According to the Statista Digital Market Outlook, revenue from various segments of the mobile app market will rise to approximately $613 billion by 2025.
It’s not surprising that every digital business is investing in mobile app development given its enormous popularity. However, the most frequently asked questions regarding investment in mobile app development are: “How much does mobile app development cost?” “How do we develop it, including Who Develops This,” and “How can we find the right set of developers and designers for us?”
This guide’s objective is to provide you with a comprehensive response to that question as well as comprehensive insights into the app development process, the various app monetization models, the associated factors that influence app development cost, and how to save money during app development.
The cost of creating the most downloaded apps in the world
We have selected a few examples from the many downloaded apps that have changed the way customers interact with apps and are currently dominating the app market. Additionally, we have included the typical development cost of these applications.
Instagram has changed the way social media apps work. It has over 300 million active users who use it every day. This well-known messaging app was a pioneer in introducing filters and interactive lenses for augmented reality to its users. An app that looks like Instagram can cost anywhere from $45,000 to $100,000 for one platform and up to $200,000 for both.
WhatsApp is an instant messaging app that lets users communicate instantly via video and audio calls, photo and video uploads, and other means. A messaging app like WhatsApp would typically cost between $30,000 and $70,000 to build.
Upgrad is an e-learning application that has become very well known among understudies and instructors because of the many advantages it offers. The app offers a variety of distance learning programs that include skill development courses for international university degrees. The development of a mobile app similar to Upgrad could cost anywhere from $40,000 to $140,000.
Disney+Hotstar is the most popular OTT platform for streaming media, letting users watch movies and shows whenever they want. A Disney + Hotstar-like app can be developed for anywhere from $25,000 to $200,000 on average.
People can place online orders from their favorite local restaurants, grocery stores, liquor stores, laundry and dry cleaning services through Delivery Delivery, a hyperlocal app. A mobile app that is similar to Delivery could cost anywhere from $20,000 to $60,000 to develop.
We need to talk about important development factors that affect the overall cost of developing a mobile app, in addition to the estimated costs of some of the most popular mobile apps currently on the market. These factors can range from the app’s complexity to the required number of features.
What is the expense of building a portable application?
By and large, you can hope to pay somewhere in the range of $25,000 to $200,000+ for a portable application. There are, of course, numerous free and low-cost alternatives, but these typically lack functionality and may not be dependable.
Also, it shouldn’t come as a surprise that more and more businesses want to create mobile apps because mobile devices are so common. But before that, we need to know that building a mobile app costs a lot of different things.
Cost of Application Advancement In light of The Type
The Application Advancement Cost in 2023 is additionally reliant upon the sort of stage for which it is being created and the reason it would serve for your business. The specifics of the app determine the price. Take a look at the table below to get an idea of how much an average app costs depending on its type.
|App Type||Cost Estimate||Development Time|
|Android App||$60,000-$400,000||1100 hrs|
|Mobile App||$40,000-$300,000||1300 hrs|
|iPhone App||$55,000-$400,000||1100 hrs|
|Web App||$70,000-$300,000||1400 hrs|
|Start-up App||$30,000-$500,000||1200 hrs|
|Taxi App||$40,000-$500,000||1300 hrs|
|Retail App||$50,000-$160,000||1100 hrs|
|Augmented Reality App||$110,000-$260,000||1400 hrs|
|Game App||$50,000-$2650,000||1500 hrs|
|Business App||$40,000-$200,000||1400 hrs|
|e-commerce App||$50,000-$260,000||1300 hrs|
|Social media App||$40,000-$300,000||1100 hrs|
|Learning App||$50,000-$225,000||800 hrs|
|Video streaming App||$80,0000-$310,000||1100 hrs|
|Dating App||$60,000-$370,000||1200 hrs|
|Restaurant App||$50,000-$150,000||900 hrs|
|Shopify App||$30,000-$190,000||900 hrs|
|Community App||$17,000-$150,000||800 hrs|
|Food Delivery App||$50,000-$150,000||900 hrs|
|Health App||$50,000-$300,000||1200 hrs|
|Hybrid App||$40,000-$300,000||1100 hrs|
|Typical App||$30,000-$300,000||1000 hrs|