Mobile application development is the set of techniques and actions needed for creating software for wireless computing devices. Its critical difference from web development is that mobile apps are often created specifically for the unique features of a particular mobile device.
Modern mobile devices provide users with the same possibilities as a desktop computer. In addition, mobile applications are ideal for fast startups as they bring excellent functionality.
When developing a mobile application you should be aware of many options you don’t need to count on for web development. We’re talking about gestures, touch screens, responsive design, etc. Those nuances demand mobile development be provided by professionals with huge expertise in the field.
Mobile cost varies in different particular cases, depending on many factors, like key features, design, software development framework chosen, timeframes, etc. Before revealing all the calculation details, let’s look at the famous companies and how much they are spending on developing mobile apps.
In 2010, the platform received the venture funding of $500,000 and got 1,75 million users in the first year. After such popularity, the company raised other investments of $7 million in 2011 and $50 million in 2012. Overall, the company spent $57,5 million of funding and is worth a lot more now.
The creators of the platform got $485,000 in the first seed round and another $2,6 billion for the next stages of development in the next rounds that they used of the backend, infrastructure, design and all necessary features.
The company gathered $200,000 of investments and $1,25 million during Angel round of funding. Then, they received $8,71 billion in the next rounds and set the record by raising $3,5 billion in one round in 2016 for further development.
The mobile app industry studies give the following statistics on the average app development cost and timeline in the US:
The average app development timeline usually varies from 3 to 6 months.
But those prices can be significantly lowered if you work with software development providers from Eastern Europe. The average hourly rate for mobile app development there is rarely higher than $50/hour.
The factors that usually influence the final cost while developing an app are:
The formula that can be applied while calculating the app development cost can look like:
What does development time depend on?
The process of creating a mobile application for Android and iOS on average takes from 1.5 to 6 months and depends on the following stages:
At first glance, the final price of developing a mobile application may seem high, but you should keep in mind that there will be a team of specialists that work on the project:
To show the approximate cost of application, UppLabs prepared a document with our exact offers on cost regarding separate types of applications.
App maintenance cost
For many projects the app maintenance cost may take from 15% to 20% of the original price of development. App maintenance is a necessary service and includes the following features:
Hourly rates worldwide
If you have any questions on mobile development -
UppLabs is always here for you!
Let us help you to build an outstanding mobile app for your business!FIND OUT YOUR MOBILE APP