There are currently over 2.7 billion mobile players in the world, with that figure expected to rise to 3 billion by 2022. A large audience can be found in games of many genres. Mobile games are profitable, entertaining, and a key component of any company’s success. What goes into creating a good game app, though? Or, to put it another way, how much money do you need to invest in developing a mobile game?
If you’re a marketer or an entrepreneur, you’ll need to figure out the approximate cost of mobile game development if you have an idea. After all, it’s one of the most important aspects of your company. So, how much will you have to spend, and how will you make the most of your money? What are the most crucial features and areas?
Factors to Consider When Estimating the Cost of Developing a Mobile Game:
The cost breakdown of a gaming mobile app is influenced by the technical platform chosen. Choosing the correct platform, whether Android, iOS, or cross-platform, is critical in terms of cost, income, and reach.
The cost will be reduced if you choose a single platform, but you will be unable to collect revenue from other platforms. As a result, cross-platform app development is the most suggested development strategy; this way, you may take advantage of all the platforms you choose; nevertheless, development costs will climb, as will the game’s profitability and consumer base.
Developers create a strategy in a Game Design Document (GDD) that integrates all the game specifics to create a well-structured mobile game development process. It’s an important step because it’s the foundation of the entire project.
The process of creating game design documents takes time and effort, resulting in pre-development costs. These costs can be calculated based on factors such as the cost per working hour.
A multilayer method is followed when creating a mobile game. In this stage, you can plan the target users, game levels, game environment, and gameplay. The gaming app may contain numerous flaws and glitches if it is not designed properly. As a result, you should proceed with caution.
UI/UX designers, architects, and game artists are among the many experts involved in the entire design and development cycle. These experts charge a fee based on their abilities and expertise.
The gaming experience is hampered by bugs and malfunctions. Gamers will not install or play your games if they have bugs or do not provide a nice user experience, regardless of how beautiful the graphics or storyline are. As a result, it’s critical to dedicate enough time and effort to testing the game to ensure that it’s free of bugs and glitches.
The amount of time required to test the game and the testing rates paid by the company determine the cost of mobile game app testing. If the game has no flaws or problems, testing charges are modest; nevertheless, if the game has errors or bugs, you must pay money to rectify them before release.
After you’ve decided on a game’s category and genre, you’ll be able to identify the game’s key elements. If the game is basic enough, social media integration will suffice.
However, if you’re making a complicated game like PUBG, you’ll need to include things like a gyroscope and voice integration. This raises the expense of game creation.
Even if your mobile game is fun and engaging, you’ll need smart marketing to get it noticed. You should really consider investing in advertising after you’ve invested thousands of dollars on mobile game development to recover your investment and make a profit. To keep inside your budget, start by adding the cost of marketing to your expense list.
Because the marketing budget is so important, large publishers may spend more money on advertising than on mobile game production.
Building a mobile game is a huge undertaking that necessitates a well-coordinated team of experts. Choosing a mobile game development company in India is a critical decision that will determine your game’s future success. Ascertain that you will receive the desired work quality for the price you are paying. Examine many mobile app development firms and select the one that provides the best service at a reasonable price.
Brillmindz has been building mobile games for nearly a decade, and the knowledge we’ve accumulated over that time has allowed us to produce some of the most adventurous mobile games. Feel free to contact us and share your great ideas with our creative team!
With more of us using smartphones, the popularity of mobile applications has exploded. In the digital era, the number of people looking for products and services online is growing rapidly. Smartphone owners look for mobile applications that give them quick access to companies’ products and services. As a result, mobile apps provide customers with a lot of benefits in just one device.
Likewise, companies use mobile apps to increase customer loyalty and improve their services. Mobile Developers are in high demand as companies use apps not only to create brand awareness but also to gather information. For that reason, mobile apps are used as tools to collect valuable data from customers to help companies improve their offer.
There are many types of mobile applications, each with its own advantages. For example, native apps perform better, while web apps don’t need to be customized for the platform or operating system (OS). Likewise, hybrid apps provide users with comfortable user experience. However, you may be wondering how long it takes to develop an app.
To give you an idea of how long the app development process takes, here’s a short guide.
_Average time spent: two to five weeks _
This is the initial stage and a crucial step in setting the project in the right direction. In this stage, you brainstorm ideas and select the best one. Apart from that, you’ll need to do some research to see if your idea is viable. Remember that coming up with an idea is easy; the hard part is to make it a reality.
All your ideas may seem viable, but you still have to run some tests to keep it as real as possible. For that reason, when Web Developers are building a web app, they analyze the available ideas to see which one is the best match for the targeted audience.
Targeting the right audience is crucial when you are developing an app. It saves time when shaping the app in the right direction as you have a clear set of objectives. Likewise, analyzing how the app affects the market is essential. During the research process, App Developers must gather information about potential competitors and threats. This helps the app owners develop strategies to tackle difficulties that come up after the launch.
The research process can take several weeks, but it determines how successful your app can be. For that reason, you must take your time to know all the weaknesses and strengths of the competitors, possible app strategies, and targeted audience.
The outcomes of this stage are app prototypes and the minimum feasible product.
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The dice, decks and game board are built with pixel art and you can design any game imaginable with your creativity. You can design a brand-new board game app or innovate your favourite game. You can design crazy games or role-playing maps with your art. You can play it online with your family and friends in your private game room in real-time.
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Since 1994, Digital banking has been here. It is a very long time, but digital banking through mobile devices is entirely new to the banking industry. It all started when Atom became the first digital-only bank in the UK.
Nowadays, Tech-savvy customers expect corporations to support their digital movement, and because of this, almost every industry has adopted technologies to stay relevant with these modern customers. Most of the newbies who plan to develop a banking app have two questions in mind: “What is the cost of developing a banking application” and “Which hidden factors affect the cost of developing a banking app?”
You can get all the answers to these questions here, because this article will take you through the cost of developing a banking app, the features of banking apps, and much other pertinent information. After reading this, you will be able to plan better for your mobile banking app development. But before directly jumping into the cost of mobile banking app development, let’s take a look at the global digital payment market size of mobile banking.
According to GlobalNewsWire, by 2026, the Global Digital Payment Market size is estimated to reach $175.8 billion, rising at a market growth of 20% CAGR during the forecast period.
Around 23% of millennials use mobile banking apps daily.
Around 49.2% of total smartphone users use mobile banking apps.
41% of Americans said that mobile banking apps had minimized their concerns about managing finances.
Data Source: Statista
As you can see, the data clearly indicates that the percentage of smartphone users are increasing day-by-day. Therefore, by engaging in your own mobile banking app development currently, you will be able to take advantage of the growth in mobile users. But, the cost of developing a banking application depends on so many factors like the platform, features, technologies, and so on.
Cost of developing a banking app depends on various factors. To give you a rough idea of the mobile banking application development cost, the total development time for a fully-featured app sums to 3760 hours. Considering hourly rate for fintech projects of $25, the cost of developing a feature-loaded banking app stands around $94k.
Banking Application Development Cost depends on different phases such as:
It’s not easy to imagine an app that does not utilize this necessary mobile capability. Push notifications always increase your users’ engagement with your mobile banking app and encourage the desired action. Push notifications are of three types:
Transactional notifications notify users about their account updates.
The Application-based notifications indicate when the mobile banking app requires the user’s attention, whether related to the password change requests or document submissions.
Promotional notifications are to grab the attention of customers to offer discounts and attractive deals.
For most users, mobile banking has a steep learning curve, and due to that, the customer will require immediate assistance on various occasions. Hence, creating a chatbot for customer service is the best way for many institutions to improve their customer service availability. The chatbots will save you a lot of time and money, whilst providing customer support 24/7. But this feature has a separate development process, and therefore you have to pay separately for this.
Servers are where your mobile banking app will be hosted. If you are not with the largest enterprises, you will want to outsource hosting from Amazon, Azure, or Google, which will result in more costs.
A CDN is a system that is used to deliver content to the app based on the origin of the content, the content delivery server, and the geographic location of the particular user. In simple words, if you have users across the globe, and they have to keep coming back to one far off location to access the content, then the app will not perform in a good way. So, if you want your mobile banking app to perform effectively, you should use a content delivery network, because it reduces the app loading time and also increases the responsiveness of the app.
If you want to use paid deployment tools like iBuildApp, Appy Pie, and IBM MobileFirst, to develop your mobile banking apps, you will need to subscribe to them over the lifespan of your app. This will also affect your banking app development cost.
As we all know, both platforms constantly release updates, and those updates require maintenance. Depending on the extent of maintenance required, the cost in the long-term can sometimes be significant.
Every mobile app usually has multiple third-party APIs that they interact with, especially at the enterprise level. If you make changes to any of these applications, they will require periodic maintenance of your APIs. For instance, Facebook updated their API version four times in 2016; now, what if you want to integrate with Facebook? You will need to update your app to accommodate those changes.
As you know, every app has bugs, and not even a single developer can assure you that there will be no bugs in the future in your app. It’s just that sometimes they go undiscovered for months or even years. User communities are not kind to apps that are slow to address the issues that they have reported.
The cost of banking application development not only depend on the features of the banking application, but they are also heavily affected by the hidden factors I have mentioned. The primary issue with mobile banking app development cost is the amount of individual components that you need to gather. Each of them can cost thousands of dollars, and these costs will continue throughout the lifespan of your app. However, the rewards that come from a successful mobile banking app development project are huge.
Pro Tip: The cost of developing a banking application greatly depends on the hourly rates of programmers and the expertise of the team. FinTech experts are able to complete these projects much more efficiently.
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