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How Much Does It Cost to Create an App for Business in 2021?

Living in a world where people are becoming so dependent on apps for almost everything, businesses without digital presence has no place for customers today. Building a customized app that fits your requirements and the target audience is essential to meet the ever-changing needs of customers. Thanks to technological advances that helped in transforming our lives to make it easier with access to all services available online. Whether its flight booking, grocery shopping, business meetings, banking services, we have an app for everything.

The world of apps market is growing tremendously and it is expected to grow at 15.4% CAGR by the year 2021. Building an app is one smart choice every business must look for to boost profits and brand presence. If you are wondering about the cost to create an app, you are in the right place! We will guide you in finding the estimated cost depending on the factors that impact the app development.

Top Variables Affecting the App Development Cost

Irrespective of what size your business is, you have a budget planned for your business, which is why it is important to get the estimated cost before you hire the Android or iOS App Development CompanyHere are the top factors that have a direct impact to determine the cost to create an app-

  • Know your Audience

The first thing to do in the development process of the app is to find out the target audience that will use your app. Not knowing your customers can be the biggest weakness as your business will be dominated by their competitors.

  • Type of App

Picking the suitable type of app among the options-native, web or hybrid can be a difficult task. Native apps are the ones that are built for operating systems like Android and iOS platforms that customers can download from app stores. Web apps are the websites optimized for mobile phone users while hybrid apps are simpler than native apps as it functions on a single programming language and can work on both platforms.

  • Free or Paid App

Another aspect that contributes to the cost of app development is to figure out if you are building apps for free or paid versions. Free apps are available free of cost without paying a single penny and businesses make money through advertising, marketing, etc.  But for paid apps, earnings are made through downloads where customers pay for installation. Understand the customers’ willingness to pay for using your app and decide the cost per download accordingly.

  • iOS or Android

Talking about the platform of the app, there are two common platforms available in the market i.e. iOS or Android. Both have different interfaces, functionalities, and features, which is why your business must decide which platform you need for your app. If you are thinking to target a larger customer base, Android is the best option but iOS is the preferred choice if your business focuses only on rich-class customers.

  • UI/UX Design

One thing that attracts customers is the design of the app. As we are aware that the app development market is growing tremendously, competition is very high. This means your app should be designed in such a way that it looks unique and better than the competitors offering similar services.

  • Third-Party Integration

If you are planning to add third-party integration for social media or payment, be ready to pay a little more. If you are a startup, go with the development of an app having few basic features as you can add additional features with time.

  • Development Team

The last factor depends on the development team who is developing your app. Is it a freelancer, small agencies, or a highly experienced team? Hiring a freelancer can be a cheap option at the moment but it may end up costing more. Similarly, small agencies will be slightly expensive and you may have to pay lesser. The last option is an experienced team that will be costliest but worth as they will give the best solution that addresses your needs.

Closing Statement

Hopefully, you must have figure out the factors that can help you get the estimated development cost for your app. Though there is no accurate way to find the cost, ensure that you consider them as every feature added to your app will cost you more. One cannot build an amazing award-winning app in just a few dollars. This doesn’t mean your app development has to cost a fortune. If you are still confused about the cost, use the app cost calculator that gives you the expected cost just by answering a few questions.  Know your audience and your requirements thoroughly before you hire experienced developers from the top iOS and Android App Development Company having experience in working with APIs, social media integration, and other complicated functionalities.

Also Read: Flutter vs. React Native

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