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Mobile App Development

What Will Mobile App Development Cost for World-Class Mobile Apps?

April 26, 2022

If you own a business, chances are you’re looking to develop a mobile app for it. Everyone from fast-food restaurants to doctors has apps available for use these days. They often make everyone’s lives much smoother.

But what about your business? How do you get started developing your own mobile app? How much does mobile app development cost?

The truth is that it can be difficult for mobile app development companies to give you a direct quote before they’ve worked out every detail of the app. This is because so many different aspects of the app can affect its price.

Read on to learn exactly what affects the price and the average cost for mobile app development.

 

Type of Mobile App

 

Not all apps are created equal. The first thing that’s going to affect mobile app development cost is the type of app that you want to make. These are just some examples of the types of apps you might need to develop.

 

MedTech

MedTech is short for medical technology. In short, these types of apps track and even help improve a person’s health.

A good example of this is smartwatches. These devices connect to mobile apps and collect data for you to review later. This includes how many steps the wearer has taken that day, their heart rate, and sleep patterns.

In many cases, these apps recognize patterns in a person’s health. This allows the app to notify the wearer of any concerns and even make suggestions to improve their overall health. This usually involves helping the person get enough exercise and eat well.

Because they often connect to outside devices, these apps tend to cost a lot of money to make.

 

FinTech

FinTech, on the other hand, is short for Financial Technology. This term applies to any mobile app that you use to handle money or trading. Even crowdfunding apps and cryptocurrency count as FinTech.

These apps have a lot of necessary features. Banking apps allow you to set up accounts, track withdrawals and deposits, and even transfer money between banks.

What this means is that the app needs to update constantly to accurately show how much money you currently have at one time. It also needs the ability to contact other banks to authorize transfers between accounts. This requires a lot of time, maintenance, and code.

In other words, some FinTech apps cost more than even MedTech will. This is important to remember when you’re getting quotes from mobile app development companies. They can cost as much as $500,000 total to develop.

 

eCommerce

Ecommerce apps allow you to make purchases from a store or person over the internet. This could be a small Etsy store, someone trying to sell unwanted items, or a large chain store.

Whatever you’re selling or purchasing, these apps tend to be fairly simple. They hold a database of sellers and inventory that people search using a keyword or by simply scrolling through featured items. The buyer then selects their desired item and enters payment and shipping information.

The seller can indicate how many items they have available, so the app automatically removes it as an option when it sells out. They’re given the payment and a shipping label by the app. All they need to do is package and mail it to the buyer.

While this sounds complicated, it’s actually not super difficult to code for. This is why eCommerce apps are some of the cheapest apps to develop. They can cost around $50,000 total.
Social Media

These days social media is virtually unavoidable. Most people have Twitter, Facebook, and Instagram all at the same time. It’s a great way to stay connected with the people you care about and get the latest news.

These apps are constantly updating and adding new features. They require monitoring to ensure everyone is abiding by the app’s Terms of Service. This requires a lot of work and effort from mobile app development companies.

However, these apps vary the most in price. It mostly depends on what features are needed.

 

Native Apps

 

Native apps are the ones that come with your phone. They use the phone’s own features to run and require minimal coding.

One good example of this is the calculator app. This has come installed on phones and computers since before smart technology became mainstream. Some of the earliest computers were designed specifically for mathematical functions.

Another example is the compass and level app. Your smartphone already has gravity sensors installed in it. The app simply needs to use them and display the results.

This is because these are simple functions that your phone has already. The apps simply provide a way to access these functions for practical use. This also makes them the easiest and cheapest apps for companies to develop.

 

Web Apps

The other side of this coin is web apps. These are generally installed by the user and require an internet connection to function.

This also makes them a lot more complex than a native app. These require connection to the internet, which then sends a request to the specific server that hosts the app. Known as the backend functions, this is where the actual code and server information for the application is stored.

What the user sees are the frontend functions. These allow the user to make the requests and see the information that they asked for.

This means that there need to be people coding the back and the frontend functions of every web app. This takes time, storage, and money to create. In other words, these apps will always cost more than a native app.

 

Features

The next thing that affects mobile app development cost is the features that you want your app to have. This is not just how many features you want but what kinds of features as well.

The more features your app has, the more complex it becomes. These apps require more work and have more room for bugs to form. That means coding the app takes more time and labor to complete.

Certain features are more complex than others as well.

The first example of this is apps that are available on multiple platforms. Many companies choose to put their apps on both iOS and Android systems. This allows more people to use the app.

Many apps require people to make an account. This requires the company to hold a database of users. Mobile app developers also have to work to create this database as well.

Next, there is dynamic content. This is when information on the app is constantly updated. News and weather apps are a great example of this, as they update their information frequently.

Extra security features also require a lot of work to create. However, many FinTech and eCommerce apps need these to protect their clients. Other apps install them anyway to give their clients peace of mind.

Finally, location services are also expensive. The company has to know where your phone is at all times for these features to work, and this information has to be constantly updated for it to be accurate.

 

The Developers

 

The last thing that will seriously impact the price of your mobile app is the developers you choose to hire. Mobile app development companies all have their own pricing, and every app will have its own needs. Sadly, this also makes it difficult to get an accurate quote before the app’s concept is fully developed.

Some businesses might look at foreign companies for their app development. This is because the labor costs are generally lower if they do this. The issue with this is communication since the employees might not speak the same language or use the same jargon as the company.

It’s also important to be careful of extremely low costs. In the app development industry, the cost usually reflects the quality of the work. If it seems too good to be true, then the chances are that it is.

In the United States, you will generally pay developers between $100 and $150 hourly for a mobile app. This is generally more expensive than going to a foreign company, but it’s also much easier.
Since everyone speaks the same language as you, you can be sure that everyone is on the same page during the entire process. This helps ensure that you’re getting everything you wanted from your app.

All of this takes a lot of time and money to complete an app development project. You also want to be sure that you’re getting high-quality work for your money.

 

Average Mobile App Development Cost

 

There are a lot of factors that can affect your mobile app development cost. Most developers in the United States run an average of around $100 to $150 per hour. Depending on the type of app and its functions, you might spend a total of $50,000 or $500,000 on your business’s mobile app.

And when you’re ready to start developing your mobile app, you can count on us at Flynaut to get the job done. We do quality work at reasonable prices.

Contact us today to get started on your project.

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