It's easy to notice the resurgent craze that's surrounding smartphone app development of late. One can easily chalk this up as being the result of the COVID-19 pandemic, but even that aside, public adaptation of smartphone use has only grown since the first iPhones made their way to market some 13 years ago. Apart from the ubiquitous use of smartphones, apps themselves have made their way into daily life, with businesses of all kinds constantly figuring out a way to leverage the opportunity they present for helping entrepreneurs carve a greater market share among online audiences.
The chances are that you've probably come across this article because you've found yourself wondering what it takes to build an app for your business. So what's the return on investment going to look like, and what would a reasonable ballpark estimate be for a savvy entrepreneur such as yourself, who is looking to build a brand new app? Let's take you through the basics: as an app development company, we've helped plenty of our clients find their way through building a proof of concept, and even to scale their basic apps up with more features as their business scales.
What's a Ballpark Figure for a Typical App in 2021?
The bottom line is you can expect to pay up to $50,000 to develop a proof of concept app for your business. Ideally, most entrepreneurs will use a working proof of concept to draw in additional investment from their current or new shareholders. At the end of the day, nothing says 'see our potential' like a working concept app that can wow your investors and potential audiences. This will also depend on the size and functionality you desire of your next app idea.
While it's easier to describe these tiers of apps in sizes, a rough estimate of what this cost of development could go up to would be up to $150,000 or more for more intricate, feature-rich mobile apps.
What are the Other Costs and Considerations Involved in Building an App?
Of course, these figures are estimates in the higher ranges, and your cost at the end of the day will be determined by the functionality required, as well as the various bells and whistles that could go the extra mile in attracting positive user experiences. Among prominent cost factors to consider for your app are:
- Type of app? (Is it a social networking or marketplace app, or a simpler one like a QR scanner?)
- Is it cross-platform or specific to iOS/Android?
- How polished do you need your app to be? (Is it just a prototype or do you require extensive UI considerations as part of your design?)
Appmart Provides Trusted Mobile Software Development Expertise to Take You From Concept to Launch
There's no doubt that there will be plenty of considerations to make when it comes to developing a first app for your business. Depending on how complex and feature-rich you'd like your app to be, it certainly helps to have a trusted app development partner to work with. If you'd like to see how we can help with our project management and app development expertise, do not hesitate to call our team at 1800 277 627, or by emailing us at firstname.lastname@example.org.