Low-Cost Mobile App Development – Save Your Budget in 2024
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18 Mar
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To determine an exact mobile app development cost is undoubtedly a tough nut to crack–as it involves a variety of aspects to explore. Yes, mobile app development involves plenty of aspects to consider depending on which the cost of its development is ascertained.
Your project idea, its scope, target audience, complexity, the features you want, and the like can be some of the significant determinants of the cost of mobile app development. In this article, we’re going to navigate you through a complete guide on the same.
Yes, this article will let you know all you need to know about the cost and low cost mobile app development to save your budget in 2024. Let’s explore!
Statistics on Mobile App Development Cost
Before we dig deeper into the exploration of low-cost mobile app development, let’s have a look at the key statistics.
As per resources, there are around 3.3 million Android apps available on Google Play Store.
For the Apple App Store, this number stands closely at 2.2 million.
The mobile application market size worldwide is anticipated to reach $567.19 billion by 2030.
The total count of mobile app downloads has accelerated to 63% since 2016.
Mobile App Development Cost in 2024
Whether it’s an app to hide applications on Android or an application for eCommerce, the cost to develop can be different. Now that we’ve assessed the basics, let’s come to the key discussion point and know how much it costs to make an app!
Developing a mobile app can range anywhere between $2800 to $50000 per month, however, it can vary depending on various factors. The table mentioned below shows some types of mobile apps and how their costs are different:
Sr. No.
Type of Application
Estimated Cost
Basic Mobile Application
$25000 to $45000
Simple Mobile Application
$8000 to $25000
Complex Mobile Application
$50000 to $100000
Custom Mobile Application
$100000+
Note: You should bear in mind that the table above just shows an estimated cost as per the market standards and the actual cost of mobile app development can differ. Let’s know the cost depending on different factors!
Mobile App Development Cost in 2024-Based on Different Factors
Mobile App Development Cost Based on the Type of Application
As we all know and discussed as well, the cost of a mobile app isn’t similar. This is because the one mobile app can’t be similar to the other ones. Yes, we saw in the table above that app development costs you differently based on whether you’re building a simple app, a complex app, a basic app, or any other type.
Besides, the features and functionalities are also more likely to differ in the cost of app development. The table below shows the cost as per the type of mobile app you want to build.
Sr. No.
Type of Application
Development cost
Healthcare & Fitness
$25000 – $100000
On-Demand
$30000 – $100000
Productivity
$20000 – $90000
Social Media
$35000 – $400000
Travel & eCommerce
$30000 – $250000
Mobile App Development Cost Based on the Platform
After the type of application, the app development platform you choose can also differentiate the app development cost. Yes, there are mainly three types of apps based on platforms iOS, Android, and Hybrid apps. Let’s know their kinds and development costs.
iOS Application
As the name suggests, an iOS application is developed specifically for the iPhone operating system. This type of application is built to be operated on the iOS platform, interacting natively with the device’s core components. When it comes to the technology used for building this type of app, Objective-C, Swift, XCode, and the like are used by developers. more. The cost for developing iOS apps is more likely to range between $70000 to $1000000.
Android Application
Android applications, on the other hand, are built to be operated natively on the Google Android Operating System. To develop Android apps Kotlin, and Java are used. Therefore, the tentative expense for developing an Android app can range between $65000 to $800000. The actual cost may differ depending on a variety of other factors.
Hybrid Application
A hybrid application is also known as a cross-platform application. These apps are built using a single codebase and function on both iOS and Android platforms. It is an excellent solution for those willing to build a single app to target users using both platforms. To build a Hybrid app, you need to use a framework, for instance, React Native, Flutter, Ionic, NativeScript, and the like. Building a Hybrid app may range between $90000 to $5000000.
Sr. No.
Type of Application
Development Cost
iOS
$70000 to $1000000
Android
$65000 to $800000
Hybrid
$90000 to $5000000
Mobile App Development Cost Based on Features and Functionalities
No doubt, low-cost mobile app development save your budget in 2024, however, the features and functionalities required may differ in cost. Yes, the more features and functionalities your app wants the more you have to pay for it.
A simple application tends to be easy to build and maintain, hence, requires less time and budget too, and the cost remains low. Have a look at the table below to gauge the overall cost of building a mobile app depending on features and functionalities!
Sr. No.
Type of Application
Development Cost
1
Simple
Without add-on features
With only essential features
Basic user interface
Mid-level user-experience
2
Mid-Level
With comparatively complex features
Add-on API integrations
Tailored user interface
Features such as real-time messaging
3
Complex
Full of features and functionalities
Add-on features like real-time synchronization
Functionalities such as media processing
UI animations and transitions,
Mobile App Development Based on Cost Based On Regions
Similar to the features and functionalities, integrations, and development platforms, the region can also differentiate the mobile app development cost. Let’s have a look at the cost of building a mobile app based on the region you choose!
Sr. No.
Region
Development Cost
United States
$90 – $190
United Kingdom
$80 – $180
Western Europe
$85 – $115
Eastern Europe
$50 – $100
Australia
$95 – $150
India
$20 – 30
Cost for Maintenance
Not only during development but also when your app has been launched, you need to pay some additional cost for app maintenance. Yes, the mobile app development landscape is ever-evolving, therefore, you need to upgrade your app consistently. For that to be possible, you need to spend for upgradation.
You need to discuss this with your app development partner for cost beforehand– as there are some of the service providers that provide maintenance for no cost. But, when a service provider charges for maintenance, it can be on average, $30000 to 40000 per annum.
During the first year of app development, you may be to pay around 50% of your total app development expense on maintenance. As time passes by it may get reduced by costing you around 20% and 15% each year. You might be thinking about why you need to pay such a huge amount for maintenance. Following are the services that you need for maintenance and for that, you have to pay:
Stability and performance optimization
Quality assurance and bug fixing
Code optimization
Implementation of additional features
Upgradation to the latest OS versions
Type of Development Partner
Like all of the above-mentioned factors, the mobile app development company you choose can also differ in the cost of your mobile app development. Yes, have at how the selection of the type of development partner can differentiate mobile app development.
Freelancer
When you’re to develop a mobile app, going with the freelancers can be one of the right choices available in the marketplace. Yes, it can be a suitable alternative, however, you may need to put some effort into hiring them. Before you hire freelancers, you should interview them, consider a proper evaluation, and shortlist the one that matches your needs.
With freelancers sometimes you may have problems in regard to the project delivery and maintaining a proper timeline that can increase your overall app development cost, but if you assess them beforehand, you can circumvent the feasibility of any hassle.
In-House Development
Another alternative for hiring an app developer is hiring an in-house development team. When you hire this type of development partner, you get comprehensive expertise along with the competencies to keep an eye on each task taking place on your project.
An in-house team is often more reliable compared to freelancers. In this you can supervise the entire development procedure, making your in-house team way more performant and efficient. This is more likely to mitigate the overs time and cost spent on app development so that you can spend them on other significant tasks.
App Development Company
You can choose one of the above-mentioned alternatives, however, going with a mobile app development company is the right alternative for you. Yes, the option to choose a mobile app development company is the best option for any business on the lookout for mobile app development in time and cost-effectively.
When you choose a reliable mobile app development company like CodeEpsilon, you can rest assured of your project’s quality, cost, timely delivery, and continuous monitoring of the project. Furthermore, by getting in touch with such an organization, you can get guaranteed post-development assistance for sure in budget.
Conclusion
We discussed each possible aspect of the topic and learned how low-cost mobile app development save your budget in 2024. We assessed various aspects relating to the mobile app development cost like the cost based on platform, complexity, region, the service provider you choose, and the like.
This complete analysis enables us to have a detailed view of the cost of mobile app development. Hopefully, you’ve got a comprehensive view of mobile app development cost estimates. So, choose the right partner and get your app idea turned into a mobile app!
The sales made through mobile applications are estimated to reach $431.4 billion and this number is going to grow at 10x speed in the near future.
Developing a market app is a complex and time-consuming thing but the results you get are with complexity and patience. For developing a marketplace there are certain things you need to consider while developing. Here are the 8 must things you should consider while developing a marketplace app.
8 must things to consider while developing a marketplace app
Define proper marketplace type and define the monetization model
The first thing to consider is what type of marketplace app you want to develop. There are numerous different types of marketplace models available with distinguishing monetization models. We have sorted out these types in common scenarios they are as follows:
By audience type:
Peer-to-peer: This type of marketplace is for specific products.
Business to consumers: This type of marketplace retail sellers sell to customers.
Business to business: In this type of marketplace the interchangeability of goods between the business owners.
By merchandise
Goods marketplace: In this marketplace, only goods are sold.
Services marketplace: In this marketplace, customers are looking for services.
Hybrid marketplace: In this marketplace variety of goods and services are available for sale.
The monetization model should also be decided in advance as this decision affects the functionality and features of the app. Here are some common ways of monetization model
Commission-based
Subscription-based
Listing promotion basis
You can also sell ads on your app for making money out of your app.
Define key features for sellers
Developing apps for marketplaces need to accommodate both sellers and buyers that will use your apps. So for that, you need to decide what key features you are going to offer for both different types of categories. Let’s start with the sellers. Here are some useful features you need to keep in your marketplace app:
Stock and order management
Build-in support chat system
Transaction control
An easy way for offers, promotions, and discounts
Connection to social media platforms like Instagram, Facebook, and Twitter
Have a great UI/UX design
You have defined your marketplace and how it will work. Now is the time for the development of the marketplace app. The first part of development is to design a great UI/UX design on the basis of the targeted audience, locality, goals, and features you have examined. The UI/UX design should be simple and easy to understand.
In most scenarios, it is beneficial to introduce an MVP application however the UI/UX design of the application should be effective. Having a great UI/UX design will gain more customer feedback and attract more users. The UI/UX design should be attractive and easy to understand by a layman.
Choose the right tools for app development
The second most important thing in the mobile app development process is choosing the right tools for app development. Nowadays there are dozens of different tools available with distinctive features and uses. This situation makes it hard to decide which tool we should prefer. To clutter out this situation here are some of the tools you can choose are best:
Flutter for cross-platform development
.net or next js for web app development
Postgre.SQL, MongoDB, or odoo for database
If you’re looking to hire Flutter app developer or hire Next.js developer, make sure they are experienced and understand your project’s unique needs.
Choosing an MVP market model is also beneficial for detecting bugs and flaws in your application.
Expand your reach
If you are planning for a successful marketplace app then you must need to focus on covering a big audience. This means your application should be available across all the platforms. Advertise your application on all social media platforms. Before all of these marketing efforts make sure your application is scalable and the servers can handle the audience.
This is why cross-platform tools like Flutter are helpful in marketplace development. If you are not sure about the platform you have to choose you can launch your application on both platforms. Measure the exposure you are getting and then decide which platform you should choose.
Proper maintenance and support
The app development journey does not end when you launch the app. Launching of app live in the market is just the first step in the app development journey. The second most important thing in the successful app development journey is application maintenance and support. This also includes an analysis of customers’ likings and dislikes which features are useful and what needs to be upgraded. Other things you need to take care of are our 24/7 customer support.
Conclusion
The demand for marketplace apps is rising. These apps are beneficial for all. These apps are win-win apps. With benefits comes competition it is a very competitive market. For surviving in this market you need to introduce a quality product that solves certain needs of your targeted audience. Overall if you follow these 8 steps for app development you have better chances of success. Don’t be afraid to make mistakes and upgrade your application when needed moreover listen to customers’ needs.
Are you planning to develop an application for your E-Commerce? If not then what are you waiting for? E-Commerce apps are trending right now and it is the right time to take a deep dive into this market. According to statista.com the market revenue for E-Commerce apps is expected to reach $2,772,539 million by the...
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