How Much Does it Cost to Develop an App in 2020
Companies in today’s digital age want apps that add value to their operations. From private communication apps to more complex data management apps, everything has a price attached to it. But how do you ascertain the app development cost?
Let’s take an example that involves the US Transportation Security Administration. The TSA paid a staggering $1.4 million for an app that is nothing but a randomizer. It chooses which lanes a passenger should go through when joining queues. There are apps on Apple’s App Store that do it for free, and it takes less than 10 minutes to code such an app!
The Australian Bureau of Statistics and IBM collaborated for an app that cost the government millions of dollars of taxpayer money. What did the app do? All it did was collect census data in 2016. The online app could not deal with the high traffic the website was experiencing and collapsed. It was nothing but a shoddily made app.
How Much Should an App Cost?
While an app can legitimately cost you millions of dollars, it is essential to know what the cost of creating an app is. If you want to know the raw cost of app development, it is anything between 30-150$/hr on Android and iOS. Depending on the complexity of the app and the amount of time it takes to build your app, the cost of an app can fluctuate.
Here are the factors that determine the real cost of an app:
Features: A simple app with limited features is not hard to make, and you should not be paying a fortune for one. But if you want things like messaging services, payment management, an admin panel, push notifications, or other advanced features, the cost goes up.
Complexity: Both visual and technical complexity drive up app development costs. UI design does not come cheap, and better-looking apps also come with a heftier price tag.
Backend Development: An app that will be used by a few dozen people within a private company should not be too expensive to develop. But a more complicated app similar to Facebook or Instagram, with millions of users, is far more challenging to create, and it will drive up costs drastically.
Third-party Integrations: If you want to integrate your app for simpler authentication or profile creation, adding third-party integration options, add to your development costs.