It’s predicted that by 2021, more than 7 billion mobile users will be there worldwide and by 2022, the yearly downloads of mobile apps are assumed to reach 258 billion.

With fast digital transformation, the growing app economy is increasing in numbers. We are observing such an intense increase in the total number of mobile apps is how getting a stronger mobile presence has become vital for survival.

The first question, which comes in mind while starting a digital startup is what will be the mobile app development cost?

The majority of quality mobile app development costs among $5,000 to $70,000. If you want an app created with wonderful design, superior mobile app development, and skillful marketing then it will cost within that range.

Mobile App Cost Affecting Factors:

• The cost of apps is mainly based on complexity, features, and platform.
• Mobile apps having back-end servers always cost extra.
• The cost of simple apps with one platform starts at $5,000.
• More composite apps cost that can push to more than $50,000.
• Costs also depend on who create it (e.g., start-up versus high-end mobile app Development Company).
• You also need to include costs like the budget for marketing, updates, salary as well as other costs.

Mobile App Development Cost for Startups and Enterprises

Some wonderful posts are showing the total amount of money that startups should get in their initial funding round. The total initial round requirement for the first 18 months is suggested to be $75,000. That’s not essentially how much an app needs to cost although certain apps do, particularly in their lifetime.

Comparison of App Development Cost: Global Consultancies vs. Agencies vs. Small Shops

Amongst the biggest app-focused companies, owned by main companies, won’t even give you time to meet them if your budget is less than $50,000. Any big size mobile app development company minimum charge $10,000 or more.

A rather distinctive budget of affordable mobile app development companies in 2020 would be around $5,000 to $50,000.

For larger enterprises having global reach or more complex systems, this spending would be more than $1,00,000 mark. And the total spending per client was normally higher than that as the customers continuously design & develop new features every month. All these apps are either combined with the API or essential a server to be made. We have observed that very few apps are truly standalone.

Takeaway Points

• Apps that are created for a tablet or smartphone, having a complex user interface, need a larger backend and it can cost anywhere about $50,000 to $1,50,000.
• Apps created by global mobile app development companies cost $75,000 and more.
• Apps made by creative agencies cost around $10,000 to $75,000.
• Apps created by a smaller firm, possibly having only 2 to 3 people, cost around $5,000 to $50,000.

To make any successful app needs different specializations and skills. Please keep in mind that the cost of bringing an app to the market can go beyond the v1.0 budget. These costs are much more than initial, design, development, UX, or project management costs. You will also need a minimum required budget for the ongoing updates as well as possible, specific server costs.

If you’re a present company hiring a mobile app development company to make an app, the costs are possibly accounted for. In case, you’re an early-stage venture or an individual, you need to make sure that you include all the costs to evaluate bottom-lines to bring an app in the market.

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