How to Estimate Business App Development Costs


Industry News
26 June 2015
704

Have you ever thought how much custom mobile application development may cost you? Unfortunately, a valid answer to this question cannot be given, as business application development costs depend on many factors. However, there are a few analyses and estimates that will help you set expectations about the amount of money you will have to shell out for the development of your mobile business app.

To figure out custom mobile business app development costs you can use:

  • Analyses
  • Calculators
  • Surveys
  • Mobile platform costs
  • Costs after app development

Have a mobile app idea? Let’s discuss!

Let’s take a closer look at each of these aspects.

ANALYSES

Many software development companies do not just create apps, but also keep blogs where they post lots of valuable information. This is where you may find information about costs needed for custom apps development. On the average, costs range from $26,000 to $150,000. Generally, the ultimate price depends on the app’s complexity level, time needed for its development and number of platforms it will be run on.

For example:

  • A simple app that is run on one platform and can be developed within 4-8 weeks is expected to cost about $26,000.
  • A more complex application for two platforms, offering offline data caching and server-side integration is expected to take from 8 to 12 weeks to be developed, and will cost about $70,000.
  • A full-fledged application with business processes integration, may take from 3 to 6 months to be developed on 3 platforms and might cost you $150,000 and more.

CALCULATORS

There are a few different websites created to help you estimate the costs on the app development. These websites ask questions about your requirements and then, basing on your answers, give costs estimate. Even though, the results given by such online calculators slightly differ, this information will help you estimate how much you will have to invest in the development of your business application.

SURVEYS

Of course, you do not need performing your own survey, as many reputable companies have  already done this, so all you need to do is to check the results of their surveys. Thus, according to the latest survey findings, 56% of top mobile companies need from 6 month to more than a year to create one application. Their expenditures range from $50,000 to one million. Thus:

  • 19% of companies spend $200,000 -$500,000
  • 18% spend $500,000 - over 1M
  • 17% spend $100,000 - $200,000
  • 21% spend $50,000 - $100,000
  • 14% spend less than $50,000
  • 11% of surveyed companies couldn't answer how much they spend

A simple calculation shows that on the average, development of one application costs $270,000.

MOBILE PLATFORM COSTS

It is quite clear that the use of different Mobile Application Development Platforms requires different costs. Thus before deciding on a particular platform, it is recommended to investigate this aspect. You need to understand what you will pay for. FreezePro Software uses only the most powerful and cost-effective  Mobile Application Development Platforms. The right choice of technology platform is one of the keystones of a successful and thrifty mobile business app development. Our developers have an ample experience in using various platforms and can recommend the one that will suit your business needs the most.  

Have a mobile app idea? Let’s discuss!

COSTS AFTER APP DEVELOPMENT

It would be wrong to think that all your expenditures stop once the app is developed and ready to use. In fact, business app development is not a short-time investment, as you need to support the app, for example to update it at least once a year. About 80% of companies update their applications once in two years, and almost a third do this every month. On the average, companies spend 35% of the development costs to support their apps.

Hopefully, this information will help you get at least a slight idea of how much business application development may cost you. However  you need to discuss this question with your software development team.

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