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Introduction to the App market:
The application market is increasing and evolving day by day. With the recent advancements in technologies like IoT and machine learning, there is a drastic shift of businesses on scalable applications. The expansion is huge in terms of available platforms like iOS, android, windows, Linux etc. It is important to have a deep understanding of the cost related to application development if you are a potential app seller or buyer.Costing by App Type:
Apps can be of the following types:
Standalone: These are basic applications which require no connectivity, servers or special features like a calculator application. They cost less than $5,000.
Data Consumption: These apps require a minimal connectivity and cost between $5,000 to $10,000. A typical example is a weather prediction app.
Login app costs: The apps, which require authentication range between $10,000 to $100,000. Applications like google drive are complex and have larger design cycles. An iPhone app development company usually puts a higher price tag.
Social networking app costs: Along with logins, these apps also require data-interactions, background algorithms and encryptions for security. Costing somewhere between $15,000 – $50,000, such apps are highly sophisticated and have a longer testing lifespan.
Ecommerce app costs: Ecommerce apps go a step further by the introduction of cart management and cash transactions. Established android app development companies will bill you around $20,000 – $100,000 for a high-end application.
On-demand app costs: These apps are extremely complex. They need different interfaces for service provider and various customers. They also require extensive mapping and hence the budget provided by any android or iPhone app development company for these apps fall in between $10,000 – $150,000.
IoT / hardware app costs: The development of these apps is an expensive affair. Both android app development companies and iPhone app development companies will cost you on the extremes. A $200,000 – $500,000 budget is a mere average for such apps. Home assistance, universal remote systems, smart home appliances etc all fall into this category. Read More...
Original Sources - How much does it cost to develop an app?