What is the cost of making a mobile app?

How much should you spend to build an awesome mobile app and then scale it to a business worth billions?

The first question that comes to mind when we think to build a mobile app for the business is why your business needs a mobile app? Do you know the benefits of a mobile app? Let’s have a look at how the mobile app benefits your business.

Why Your Business Needs a Mobile App?

It can increase your value among your customers
It can increase customer engagement
It can increase brand recognition in the online market
It is another sales channel in the digital market
It offers a path to market preeminence
It is a medium to understand customer insights

Type of Mobile App:

There are three types of mobile apps, each has its own benefits. Let’s look at each of these briefly.

A Web App: It is a mobile version of a website.
A Native App: It is built for a specific operating system (iOS or Android) and is downloaded from a Google Play Store and Apple App Store.
A Hybrid App: It is easy to build as compared to the other two types of apps because it’s written using only one programming language, can run on more than one platform, and can operate in much the same way as a native app.

Factors that Affects Mobile App Building Costs:

The cost to build an app depends on many factors such as location, app features, size of mobile, Platforms, etc. The approximate average cost of a mobile app:

Basic Features App Cost: $5,000 - $30,000
Medium Complex Features App Cost: $30,000 - $50,000
Large Complex Features App Cost: $50,000+

Comparing App Cost: Small businesses vs. Agencies vs. Global Consultancies

Mobile Apps created by the global consulting company range from $1,00,000 and more.
Mobile Apps created by creative firms that come under the category of SMEs charges around $50,000 to $1,00,000.
Mobile Apps created by smaller businesses can cost around $30,000 to $50,000.

Mobile App Cost According to Different Countries (Location)

Mobile App development cost depends upon the geographical location (different countries) and local market conditions. The per-hour cost of the mobile app varies from one location to another. Let’s know brief:

North America: per hour app cost: $121 - $140
Australia: per hour app cost: $50/ - $150
Eastern Europe: per hour app cost: $41 - $60
India: per hour app cost: $15 - $40

Choice of Platform (Android or iOS)

If you are going to build a mobile app for your business, you will either target iOS users, Android users, or both users.

iOS platform has a dedicated user base; the perk of creating an app on the android platform is the possibility to reach a broader range of users.

Due to the immense level of expertise needed, the cost of creating an iOS app is higher than an Android app.

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