How much an Mobile app development costs - Detailed summary 2020

The number of mobile phone users is expected to reach 7 billion by the end of 2020. The number of smartphone users in the same period will grow to 2.6 billion. This presents an opportunity for companies and application developers to change their approach to the market that is growing by leaps and bounds.It is also logical to develop an application these days, as they have become part of our daily activities. Research conducted by eMarketer shows that 90 percent of users' time on a smartphone is spent on applications.

Consumers also love to spend money on mobile applications. According to App Annie's ideas, 

global consumer spending on app stores will reach a staggering $ 157 billion by 2022.

This shows a 92 percent increase between 2017 and 2022.It is clear that mobile App development is a valuable investment to establish yourself as an authority in your industry.As much as you want to create an application,there are some questions to address before beginning the development process.A question that is asked more frequently is about the cost of developing the application.In this blog, we will provide a detailed description of how much it costs to develop a mobile application in 2020.

How much does it cost to develop an application in 2020?

It is difficult to answer the question "how much will it cost to build an application" in 2020.No one can give you an accurate estimate of costs without understanding the nature of your application. There is no fixed price because it depends on a number of factors such as the characteristics of the application, the design, the location of the application development team and more.Think of it as buying a car or a bicycle. You cannot get an exact price unless you know the brand, model, engine capacity and other characteristics of the vehicle. Similarly, there are different factors, considerations and price levels when developing an application. Below is a breakdown of the factors that determine the cost of application development.

1.The type of application

The first factor that affects the cost of development is the type of application you are creating. There are several types of applications, and each of them requires a different set of features that determine its development cost. Some of the types of popular applications include e-commerce applications, social networking applications, on-demand applications, data-based applications and functional applications. Some of these types of applications may have similar characteristics, but all adopt different approaches to create. In addition, its application may fall into a different category such as games, music, business, health, travel, education, etc. The cost of your application will change with the category of the application. Popular categories include:

2. The platform used to build an application. 

There are two frames that you can use to develop your application. They are: Native Application Development, Development of hybrid or cross-platform applications You can choose to develop native mobile applications to create an application for a specific platform such as Android or iOS.The native framework uses programming languages and tools that are native to a particular platform. You can also choose the cross-platform framework and develop a hybrid application that will run on multiple operating systems without much code change.The cost of developing the application will vary depending on the mobile platform for which the application is built. Since native applications are created for a specific platform, they can easily access programs and services within the device for optimal performance. The disadvantage is that they cannot operate on devices other than those for which they are developed.You will have to create separate applications for users who use different mobile platforms. This significantly increases the costs and development time of the application. Hybrid applications,on the other hand, use the same code base on different platforms, which makes them compatible with several devices.With the cross-platform framework, you must create a single application and run it on Android and iOS at the same time. Therefore, it reaches a wider audience in much less time and much cheaper.The problem with using the same code on multiple mobile platforms is that graphic elements may sometimes not be completely transformed to match the frame, resulting in design defects.Hybrid applications have also received criticism for performance issues and application crashes,which is why most developers recommend the native approach. 

Stages of the mobile application development process: 

Each application goes through four different stages during the development process.These stages and their potential costs are: Pre-research stage: the pre-research stage involves market research, project schedule and probably a prototype of the application. At the end of the investigation, the application developer provides a price quote and begins the development process when both parties agree. The pre investigation stage for a meaningful application will cost less than $ 5,000. Application development stage: at this stage, the application developer begins to develop it. A survey of 102 application development companies found that this stage costs less than $ 5,000.

Application test:

After developing an application, it is tested to see if it is ready for launch.The potential costs here can be between $ 5,000 and $ 10,000. Application maintenance: every application needs maintenance and updates to function properly. A survey suggests that adequate support will cost around $ 5,000- $ 10,000 after one year of launch. In addition, applications also require a marketing budget to ensure that some users acquire. However, the budget will  depend on the strategy you ad.

Conclusion:

These are some of the factors that can help you determine the cost of developing your application.We hope this resource will help you allocate the right budget, but before that, it is essential to do your homework and choose the right equipment to minimize your costs. Frequently asked questions about the cost of mobile application development :

How much does the development of an application cost in 2020?

The cost of mobile application development in 2020 depends on several factors, such as the type

of application, development platforms, the location of the developer, the complexity of a mobile

application, the characteristics of the application, etc. On average, it will cost you between $ 

5,000 and $ 1, 00,000. 

How long does it take to develop an application in 2020? 

There is no direct answer to this question, since the time required for mobile application 

development depends on the type of functionality and the level of developer. It can take 

between 200 and 5000 hours in an estimate.

What are the stages of the mobile application development process? 

There are four stages of the pre-investigation stage of the mobile application development process,

the application development stage, the application test and the application maintenance stage.