How Much Does it Cost to Make a Mobile App in 2020?

How Much Does it Cost to Make a Mobile App in 2020?

If you are planning to develop a mobile app for iOS or Android? then you should know how much does it cost to make a mobile app in 2020?.

How much does it cost to create an app in 2020? This question is among the initial ones that are being asked when any mobile app development project starts.

It’s predicted that by 2021, around 7 billion mobile users will be there worldwide and by 2022, the yearly downloads of mobile apps are expected to touch 258 billion.

The majority of quality mobile app development costs among $5,000 to $1,00,000. If you want a mobile app created with excellent design, better mobile app development, and skillful marketing then it will cost within that range.

App cost affecting factors are below:

  • The cost of internal vs. external app development resources
  • Choosing App Platforms (Android & iOS)
  • Native vs. cross-platform app development costs
  • The app backend & API development costs
  • The cost of third-party app integrations
  • Using Animations features
  • Localization
  • Who will build up your mobile app (Agency or Freelancer)?
  • App complexity

As we have seen the app cost affecting factors all those factors increase your mobile app development cost.

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

Amongst the largest app-focused businesses, owned by main companies, won’t even give you time to meet them if your budget is less than $90,000. Any big size mobile app development company USA minimum charge $4,00,000 or more.

Takeaway Points

  • Mobile Apps that are built for a tablet or smartphone, having a complex user interface, need a larger backend and it can cost anywhere about $20,000 to $1,00,000.
  • Mobile Apps built by global mobile app development companies cost $1,50,000 and more.
  • Mobile Apps created by creative agencies cost around $15,000 to $2,00,000.
  • Mobile Apps built by a smaller agency, possibly having only 2 to 3 people, cost around $25,000 to $100,000.

Mobile App Development Hourly Cost by location

Choosing a location to create an application is a big factor because the cost of creating an app is different from a location. Every country has own app development and creating app cost. Let's clear this confusion by the below figures from the different country's costs.

  • North America: $150 - $168
  • UK: $60 - &70
  • Australia: $100 - $110
  • Eastern Europe: $30 - $40
  • India: $20 - $30

The above figure shows us that all county has it's app creating and development cost. So choosing the location is the main factor.

How to find out the total building app cost: (Formula)

If you thinking about the total cost of application and want to estimate creating app cost then using the below formula you can find it easily.

AppCost = DevelopmentTime∗HourlyRate

What Type of Mobile App you want:

As per the survey, the cost of a mobile app depends on what type of mobile app you are creating like Chatting app, Travel app, Business app, E-commerce app, etc. because every category app has different features.

In general, clients are charged for app development services based on the following options:

  • Fixed App Cost - A payment that implies the cost charged for a specific timeline. This may work well for smaller projects, especially those with a clear and well-defined scope of work. The advantage of this option is that the app development cost is affirmed with the client before development starts.
  • Time & material - a pricing structure that is determined by the time and materials needed for a project and thus is typically calculated based on an hourly rate. This approach provides flexibility during the app development process and fits more complex and ongoing projects.

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