How much does it cost to create an app for your business? It’s the first question you should ask yourself when you start determining the cost of app development in 2022.Many factors affect the price, depending on the complexity of the application development, at $40 per hour the average cost will be:
Cost to develop simple apps – $40,000 to $60,000
Average App Development Cost – $60,000 to $150,000
The cost of developing a complex application – from $ 300,000
This article will be an excellent resource for founders.
Here you will find information about the factors that affect the cost of apps, the hidden costs of app development and how to choose an indian app development company.
Want to strike a balance? Read on.
We have discussed this topic of App Development Company costs in detail.if you prefer visuals to text, skip straight to the Raidrops infotech “The Cost of App Development in 2022.”
How much does app development cost?
The cost of developing an app ranges from $40,000 to $150,000 depending on the complexity of the app.
Estimated cost time of application type
Simple app development $40,000 to $60,000 2-3 months
Basic App Development $60,000 to $150,000 3-6 months
Complex App Development from $300,000 9+ months
The answer to how much does it cost to develop an app can be quickly overboard due to the features of the app.There are several ways to get an estimate for your app project. The most reliable is to contact the developer. But you can also use the app cost calculator.If you send a request to a development studio for an estimate of the typical range of costs to develop your own application without proper documentation and terms of reference, the cost is likely to be very approximate.
In contrast, a proper and accurate cost calculator must include a wide range of mobile app development services and the required amount of time:
design complexity and number of screens;
development process;
quality assurance phase;
number of functions and features;
complexity of functions;
database complexity;
the number and complexity of third-party integrations;
implementation of security protocols such as HIPAA or GDPR;
the size and level of the development team.
At SpdLoad, we follow an iterative estimation process to determine the cost of building an app.
To learn more about this, check out our project discovery phase.To get an idea of the cost of creating an app, let’s take a look at the world app development statistics.
An illustration of the factors that affect application development costs.
Application development cost statistics
The growth of mobile device development in the world determines the popularity of apps and the cost of app development.The total number of apps available for download in the app stores is more than 7 million.Mobile App Development researched statistics showing exciting facts about App Development Industry and Cost in 2022.
Here you can find some numbers to study based on different sources and methodologies:
On average, over 100,000 new apps are released each month on Google Play and over 30,000 on the Apple App Store (Statista).Free apps dominate the app development market. The most effective pricing strategies for most are free and freemium. For example, free tools in the Apple App Store account for approximately 92% of the total (Statista)
Mobile app industry revenue reached $581.9 billion in 2020. If this trend does not change, the industry’s revenue will reach almost 1 trillion USD in 2023 (Statista).
The Mobile App Development Market is Expected to Grow at a CAGR of Over 18.4% by 2026 and is Projected to Reach USD 407.31 Billion by 2026 (Market Research)Almost 90% of people’s time is spent on apps. Soon, people will be using mobile devices 4 hours a day and 88% of that time will be in-app activity (eMarketer)66% of smartphone users download games. More than 95% of all users simultaneously download messaging, communication apps and web browsers, etc. (Statista)
The cost of app development depends heavily on the type of app.
Now that we’re sure you know that the market is growing very actively and quickly, let’s take a look at what app prices depend on.
Application development costs by type
The type of application is another important factor to consider. Below is a list of the most popular types of apps and their average development costs:
Estimated cost time of application type
Mobile App $30,000-$300,000 1,200 hrs
iPhone Apps $55,000 – $300,000 1,200 hrs
Android Apps $50,000-$300,000 1,200 hrs
Web App $60,000-$300,000 1,200 hrs
Startup App $40,000-$400,000 1,600 hrs
Taxi App (Uber) $50,000 – $400,000 1,600 hrs
Gaming App $60,000-$250,000 1,600 hrs
Retail Application $50,000 – $150,000 1,200 hrs
Augmented Reality (AR) Applications $100,000 – $250,000 1,600 hrs
E-Commerce Application $60,000 – $250,000 1,600 h
Social Media App (Instagram) $50,000 – $300,000 1,200h
Business Application $50,000 – $200,000 1,200 hrs
Learning App (DuoLingo) $60,000 – $225,000 900 hrs
Video Streaming App $80,000 – $300,000 1,600 h
Restaurant App $40,000 – $150,000 900 hrs
Community App $18,000-$150,000 900 hrs
Shopify App $30,000-$180,000 900 hrs
Dating App $50,000 – $350,000 1,400 hrs,
Food Delivery App $40,000-$150,000 900h,
Hybrid App $40,000-$200,000 1,200 hrs
Healthcare Applications $55,000 – $300,000 1,200 hrs
Typical application $40,000-$300,000 1,200 hrs
Apart from the type, the app development cost depends on the country. Let’s see how.
Application development costs by region
A high price does not always mean a high quality product. It only shows the variation of programmer salaries in different countries.
Let’s compare the prices of programmers in different regions:
Region Hourly rate, $
United States of America (US) 120-150
United Kingdom (UK) 100-120
Australia 100-120
Western Europe 80-100
Eastern Europe 30-50
India 20-30
As we can see, the price difference is considerable.The most expensive app development process is in the United States, at $120-150 per hour, while the same product can cost you $20-30 per hour in India.
However, it is important to understand that the hourly rate will vary depending on:
programming language for application development (Swift, Java, Kotlin, PHP, JavaScript, Golang),
complexity of the project, involvement of specialists (programmers, testers, scrum master, business analyst, project manager),
their qualifications (senior, intermediate or junior).
The more information you have, the better prepared you will be to evaluate the offer.These primary application cost factors will help you get an initial application design that meets your requirements.Moving on to the next part of typical app development costs, let’s list some successful app examples.
- Illustration of the factors that affect the hourly rate of application development costs.
- Examples of application development costs
This is just to give you an idea of the app development cost, not the actual app cost based on our own experience.
Several other costs contribute to the final answer of how much it costs to develop an effective application:Functional costs such as fees for third-party integrations. For example, SMS or push notifications, geolocation or payment gateways.
Administration or management costs. For example, content manager salary.Infrastructure costs. Pay per server, CDN and integration like Redis.Support fees. Additional costs for app updates, bug fixes or future enhancements.
Let’s look at the details. For example, the app cost $75,000 to develop.
Depending on the number and load of integrations, they can cost anywhere from $5,000 to $20,000 per year.
Maintaining the app would cost 20% per year of the original development cost, i.e. $15,000
App marketing would cost 50 to 100% per year of the original development cost, or $75,000 to $150,000.
Now to you
Our only goal is to create a market-ready product for you at the best possible price.We relate to success, progress and scalability.Our goal is the success, progress and scalability of your product. Raindrops Infotech is a leader in app development and our “how much does an app cost” exercise is thorough and efficient.That said, if you want to build a successful app at a low cost, contact us to see how we can help.
