You are already a lot ahead of your competition if developing a mobile app is on your mind. After all, the mobile app industry has exploded with exciting opportunities for you to grab and the outcomes are also quite significant.
But how much cost does in takes to build an app in 2019?
In a nutshell, the cost of developing an app ranges from $2,000 to $200,000, and more. The range looks huge, but there are several factors that influence the cost to build an app.
This article is all about the factors that have a decisive affect on app development cost, formula of calculating cost, and a ball parker estimate of the actual cost.
Formula for Calculating App Development Cost
While there is no standard formula for calculating cost to build an app, the one that can be used for estimate is:
(App Features X Time) X Hourly Rate
Now, the number of factors will continuously vary in this situation, which changes the complete cost.
If you consider the factors and develop a wireframe, the final multiplication will give you the cost. But the hourly rate keeps on varying, which just leaves you with an estimated cost.
Total Cost of Building a Mobile App
We know that the cost to build an app depends on numerous factors. But with that being said, it is also dependent on what type of application you want to build. Do you want to build a web app, cross-platform app or native app?
Cost Depending on the Platform
The two most common platforms include Android and iOS.
The iOS apps can be built faster than Android ones as they take 2X to 3X more time. Therefore, cost to build as iOS is less than Android.
The miscellaneous costs include hosting, monitoring, app updates, licenses, and regular app updates. All these costs have to be taken into account before you proceed with the development of app.
Also, the average cost of maintaining an app is 20% of the development cost per year.
The Final Words
Regardless of the variations, every factor makes a major impact on the cost, an outcome of which is not a fixed amount. In terms of time, it almost takes an year for most businesses.