The Cost of Mobile App Development in 2024: A Must-Know for Businesses

Do you have a new idea (for an app) or a preexisting app? Do you wish to create a new app from zero or an older version? But the pricing confusion caused in the mobile app industry has got your mojo down; we got you! 

Summary

“Average app development cost (in India) is USD 9,000 to 80,000, or INR 7,50,000 to 70,00,000.

If an MVP (minimum viable product) of an app is getting built at USD 20/hour,

• Android app MVP will cost USD 10,000.
• iOS app MVP will cost USD 15,000.
• Hybrid or Cross-platform app MVP will cost USD 25,000.

Further, it depends on the complexity, type, business model, and developer team’s demographics and location, which finally trickle down into the cost discussion.

Hire right -> Develop right! – Wildnet Technologies Pvt Ltd”

A few facts: Mobile application development

• 60% of Global tech companies outsource at least some part of their app development process
• 80% of the outsourcing firms from Europe and the USA prefer India
• 50% of the Fortune 500 have chosen Indian software companies for the development process
• India has 14 CMM (level 5) software companies and 60 CMMI (level 5), 652 ISO 9001 certified, & 6+ Six Sigma certified tech companies

Decoding: The cost of developing an app 

Now let us dwell on various factors that affect an app from a development standpoint. So, that you have a general idea, 

1) Complexity

 An app’s complexity shapes the whole development process.

2) Tech Stacks 

There are three types of tech stacks that can be used to develop an app. By tech stack, we mean the technology stack that will be used, which will have all the technologies, be they frontend or backend, and more. 

• iOS app -> USD 30k
• Android -> USD 25k
• Cross platform or hybrid app -> USD 45k

3) Type or Functionality

Depending on the functionality, the types of apps are categorized, and accordingly, the related costs are shared.

4) Development Team

The development team you choose can have a major impact on costs. Here is how they do it (for an average app):

• In-house developer team (based in the USA, Europe, or more) -> USD 300k
• Mobile app development company (India) -> USD 40k
• Wildnet Technologies -> USD 35K
• Freelance -> USD 25k

One more thing: if you go with in-house or freelance developer teams, ensure that the team consists of developers (frontend & backend), UI/UX designers, Business analyst and Project manager.

5) Location

The location plays a vital part as well. Let us see how.

We will also help our readers understand the costs associated with the various milestones of the app development process.

• Discovery Phase

The initial phase is when the developers understand the ask and chart out the way forward, including all the required functionalities, features, and more.

It will cover 20% of the development cost. 

• UI/UX Designing

In this stage, the designers share the SRD (software requirement document), which will be charted into wireframes and design flow.

It will be around 20% of the development cost. 

• Coding

This is where the actual development process happens. The coders will develop a prototype or an MVP, the lightest version of the proposed app.

It will take a large chunk, i.e., 50% of the development cost. 

• App Launch & Testing

Testing is needed after and before the app launches to modify the app according to the feedback and bugs encountered.

It will only cost around 10% of the development budget. 

• Support & Maintenance

Constant support and maintenance are needed to keep your app relevant and up-to-date with the various rules and regulations set forth by the Google Play Store and Apple App Store.

It will be around 50% of the development cost for a few years (0-3).

In conclusion, choosing an Indian mobile app development company would be the best bet! Because Indians are technically sound and can speak English fluently!

Make sure that the development partner you choose works in your time zone, understands your work requirements, and seamlessly integrates with your business process.

We at Wildnet Technologies are grateful to inform you that we have 17+ years of experience under our belt. During this time, we have delivered 849+ apps using developers with a minimum of 5+ years of experience.

We believe in creating custom solutions for all our clients so that the finished product or service becomes a bridge between them and their customers.

Contact us at info@wildnettechnologies.com and  enjoy the creative process while building a significant game changer for you and your customers!we are also listed in New York Mobile App listing in Designrush as a Top Mobile App Development Companies In New York.