Aleksandra Bessalitskykh
If you want to start a digital startup the first question is the cost of app development.
Nowadays there is a lot of sense to launch an app startup, as the vast majority of the population utilize different mobile apps as part of their routine activities.
The following quotations for app development cost and timeline were provided by the most reliable mobile app industry studies:
- The median app development cost is about $171,450 (at a rate of $150/hour), which represents 1,143 development hours. The total app price could even increase to $727,500 in the case of complex functionality implementation (Clutch Survey, 2015)
- Average minimum app development project is between $5,000 to $10,000. The typical cost to create an app is likely to be far higher (Clutch Survey, 2017)
- Enterprise mobile app development cost is an average of $140,000 (VDC Research, 2017)
- Available app cost calculators state a price range from $267,000 to $360,000 for complex, multi-feature mobile apps
- Concerning the app development timeline: over 80% of mobile apps take 3+ months to develop; 40% of apps are built in 6+ months (Outsystems Survey, 2018-19)
In general, the app development cost is influenced by your app idea with business and functional necessities.
There is a lot of information on this topic and here you will be provided with a detailed explanation of everything that makes up the cost of creating an app, read about how to manage your app development budget effectively and reduce app costs.
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Aleksandra Bessalitskykh
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