Mobile App
Development Cost

Lately, the mobile market has witnessed an abrupt rise in the number of apps. From start up to big companies, everyone wants to make it big in the app development market. Mobile app development cost has become a buzz word in the app forums of USA and India. The mobile app industry worth $53 billion in 2012, and it is predicted to reach $143 billion mark, thus giving great momentum to mobile app development vertical. If you would like to know

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mobile app development cost
During world wide app developers' Conference, Apple revealed that it had 1.25 million apps in the App Store, which has registered 50 billion downloads. According to a survey, the average mobile app user spends approximately 30 hours a month browsing dozens of apps. Interestingly, about 46 percent of app users use paid apps. You can imagine how lucrative the app development market is in the current scenario.
As the mobile users are becoming more app savvy so is the demand for more apps in the market. But have you ever wonder how much it cost to develop an app. As per the current market, developing a v1.0 app would cost anywhere within $10,000 to $200,000. However, there are several factors that affect the overall cost of app development. The factors that are considered for estimation of mobile app development cost are: mobile platform cost, login, camera, Geo location, customer user interface, user profiles, task list, barcodes, 3rd party API integration, reporting, content management system, backend services, server, and user administration.

App development cost

also depends on the size and reputation of the agencies or companies where it is developed. An app designed and developed by a big and well-known company cost approximately $500,000 to $1,000,000. Mobile app built in an agency will price around $50,000 to $450,000. And a mobile app created by a start up or small company comes comparatively with a lower price tag of around $10,000 to $100,000.
According to a survey, development of mobile app, which has complex user interface, will cost around $250,000 to $1,500,000. The operating system on which the app is being developed also influences the mobile app development cost.
Listed below is the cost estimation of mobile apps on Android and iOS platforms:
  • Simple Mobile App - $1,000 - 4,000
  • Database App (native) - $8,000 - 200,000
  • Games - $10,000 - 200,000

Cost of mobile app development may go beyond, what's mentioned above. If you are planning to develop your first app then it is imperative to estimate a minimum budget which involves UX, design, development and after service cost.
Mobile payments are expected to gain traction.
In 2019, we will see the increase in the number of payments through mobile apps as most banks are now offering mobile banking services. Moreover, mobile wallets like Paytm have already created a loud buzz at the center and so we can expect some other players from mcommerce too joining the competition. Within the coming years, more and more people will be going to digital methods where the transfer of funds and transaction becomes a cakewalk. According to a recent report, the mobile payment is forecasted to reach $503 billion by 2020 with a compound annual growth rate of 80% between 2015-2020.

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