Mobile Application Development has revolutionized how businesses respond to the needs and requirements of end-users. Considering the numerous possibilities, we will look at the overall aspects of the Mobile App Development Cost in 2024 in this blog post. We will also examine how this simple breakdown of the cost to develop a mobile app holds the power to make or break your business.
Table of Contents
The mobile app development industry is experiencing growth and shows no signs of slowing down, making it a powerful force in the market with billions of dollars at stake.
What’s more fascinating is that this industry is on a thrilling roller coaster ride! In 2021, its value reached USD 197.2 Billion. Experts predict it will skyrocket to USD 583.03 Billion by 2030! That’s a growth rate of 12.8% during the projected period, like lightning speed!
Guess what is fueling this expansion? You got it right. The pandemic! As businesses grappled with the impact of COVID-19, they realized the need for solutions and fresh avenues to engage with their customers. What better way than through user-friendly mobile apps? Companies are now racing to develop these apps, using them as tools to overcome pandemic-related challenges and forge strong bonds with their customers on a personalized level. It’s like a competition where mobile app development is the ultimate weapon!
Hold on, here comes the age-old question that has been on every entrepreneur’s mind and one we’ve been asked several times: What is the estimated mobile app development cost?
Developing an application can be a lucrative endeavor. It certainly comes with its financial commitments. The expenses associated with crafting a high-quality app can differ significantly depending on factors such as the scale and intricacy of your creation. However, we are here to provide insights into the app development cost.
Cost For Mobile App Development in 2024
Giving a definitive answer to the cost of developing a mobile application is a tough nut to crack. However, the cost to create a mobile application in 2024 can range from $2800 to $50000 per month, depending on your application. Based on this, the mobile application development cost can be as follows:
|Type of Application
|Simple Mobile Application
|$7000 to $20000
|Basic Mobile Application
|$20000 to $50000
|$50000 to $100000
It is just an estimated cost based on the market standards; the actual cost can vary. However, multiple companies provide a more cost-effective approach to developing mobile applications.
Factors that Affect the Cost of Mobile App Development
Several factors can affect the cost of your mobile application development in 2024. Putting these factors in check can benefit you by reducing development costs and ensuring the most optimal and performant mobile application based on your industry standards and specific needs.
🟠 Cost Based On OS Platforms
The cost of your type of application helps you determine the actual cost of a mobile application development. The most prominent mobile application OS platform approaches include Android, iOS, and Hybrid.
|Operating System Platforms
|Cost of Development
|$65000 to $800000
|$70000 to $1000000
|$90000 to $5000000
Let us take a deeper look into the details to understand these bifurcations and this estimated cost better.
1. An Android application is built to work natively on Google Android OS. The development of these applications requires Kotlin and Java. Thus, the tentative cost of developing an Android application ranges between $65000 to $800000. This cost, however, is a generic assessment; the actual cost can vary depending on factors like complexity, compliance laws, and various other intricacies.
2. An iOS application, as the name suggests, is primarily for the iPhone operating system. It is built to work on iOS platforms and interact natively with the device’s core component. The development of iOS applications is done using Swift, Objective-C, XCode, and more. Therefore, the tentative cost for developing an iOS application ranges between $70000 to $1000000.
3. A Hybrid application is generally called a cross-platform application, and these applications work efficiently on Android and iOS devices and are developed with a single codebase. It is a more economical solution compared to developing the same application on both platforms. It includes cross-platform frameworks like React Native, Ionic, Flutter, NativeScript, and more. Thus, the cost of development ranges from $90000 to $5000000.
Note: You can Hire Mobile App Developers from Bacancy to develop mobile applications that are ideally efficient to justify your mobile app development goals.
🟠 Cost Based On Regions
The generic mobile app development cost we are discussing here does not guarantee an effective and efficient mobile application that fits your business needs and your end-users demands. However, the price varies from region to region and country to country. Let us look at the cost of developing a mobile application in different regions.
|Hourly Rate of Developers
|$100 – $200
|$90 – $180
|$90 – $160
|$80 – $120
|$50 – $90
|$20 – 30
This data clearly shows how the mobile app development cost significantly varies when compared to various countries. We know India is a go-to destination for hiring efficient developers within your budget and getting your project done cost-efficiently.
Why don’t you trail the trending technologies and onboard React Native Developers or Flutter Developers to leverage dollar arbitrage for developing applications using the best practices and get the most out of your mobile app within your budget?
🟠 Type of Application
We all know that developing an application is not like one shoe fits all, as a social media app is far different from building a travel app due to the need for different features and functionalities. The same is the case with different types of applications. Generally, we can classify the mobile app types into the following categories.
|Type of Application
|Avg. Cost of Development
|$100000 – $300000
|$30000 – $250000
|$35000 – $400000
X (Previously Twitter)
|Healthcare and Fitness
|$20000 – $100000
|$20000 – $90000
|$35000 – $100000
🟠 Features and Functionalities
The more you want your mobile application to be performant and scalable, the more you will have to spend to embed those features and functionalities into it. A simple and small application is easy to build and maintain and is cost and time-effective. Here is the generic tabular representation of the characteristics of your mobile application and what you get with these kinds of applications.
|Complexity of Application
Generic and without any add-on features
Only the essential features are present
Basic user interface
Avg. user experience
Comparatively complex features
Add-on API integrations
Customized user interface
Features like real-time messaging
Multiple features and functionalities
Add-on features such as real-time synchronization
Functionalities like media processing
UI animations and transitions, and more
Chatbots for customer support
🟠 Design Elements and Animations
You leverage multiple aspects to make your mobile application, from the color palette to fonts and from buttons to final UI mockups, designs, animations, and more. The reason is that the end user must realize the intent behind the application, and these colors, animations, and elements play a vital role in conveying it to the end-user. The better your choice of colors and elements, the more likely your users will use your mobile application.
However, choosing multiple colors can also put a hole in your pocket during and even after the development phase. The right color helps set the tone and feel of the application and highlights key features and segments that will be visible to the users.
The animations within your application also play a role in increasing your development costs. These animations and illustrations include anything that is not an image, from icons, vectors, logos, GIFs, and more. These icons and logos make your app visible in the market and create a value and niche for your brands. Besides, brilliant animation makes your UI look lively compared to the static version.
🟠 Backend Infrastructure and API Integration
Building a robust backend is essential to ensure the performance of your application. It provides the smooth and efficient functioning of your app. The backend infrastructure includes server hosting, database management, and other related expenses. The applications also require integration with third-party services such as payment gateways, social media platforms, or APIs. Integrating these services requires licensing and usage fees, which, collectively with the backend infrastructure and similar other factors, can accelerate costs, leading to increased mobile app development costs.
🟠 Application Maintenance
After launching your mobile application within the market, it is only some of what you have to invest in it. The cost that always persists is the cost of maintenance and future updates if needed. Therefore, it is crucial to understand how much your application will cost to maintain. Generally, the average app maintenance costs around $30000 annually. Similarly, another research shows that you must spend around 50% of your app development on maintenance during the first year. Then, from the subsequent years, approximately 25%, and 15-25% for each following year.
The cost of maintenance includes:
- Bug fixing, and quality assurance
- Stability and performance improvements
- Code optimization
- Upgrading to the latest OS versions
- Implementation of new features
- 3rd party services support for the latest version
🟠 Type of Development Partner
Well! Even if you decide on the ideal options, make the right choice and start with your mobile app development process. The fact that you can exceed your mobile app development cost budget persists. The perfect way to save yourself from such additional costs is to choose the right type of development partner for your next project.
When you hire an in-house development team, you get comprehensive expertise and the ability to monitor every task with your own keen eyes. Supervising the entire development process makes your in-house team efficient and performant, reducing the time spent on reworking. It helps to save your hard-earned money on the app creation costs.
Freelancers are the ones that are available within the market without any hustle—however, the individual freelancers for hire need to improve your application’s efficacy and optimal development. You need to interview, evaluate, and shortlist freelancers matching your expectations. It is a complicated and time-consuming process. The problem sometimes persists regarding project delivery and the delivery timeframe, thereby increasing your development cost.
However, you can hire developers from a renowned company like Bacancy to free yourself from all issues that arise and get pre-vetted developers with diversified knowledge and expertise within your budget.
3. App Development Company
A Mobile App Development Company is the best option for a business owner looking for ideal mobile app development within your budget. Many app development companies offer cost-effectiveness analysis, flexibility, fast growth, diversified expertise, and more to ensure you get the most out of your mobile application. However, with a professional mobile app development company like Bacancy, you have an assurance of optimal results and timely delivery of your mobile application.
Reduce Mobile App Development Cost in 2024
Are there multiple ways to reduce your app development cost? However, based on our experience with numerous clients from various industries, we have consolidated the strategies to help you reduce mobile app development costs without affecting its performance.
🟠 Set Clear Project Scope
The more precise you are on your mobile app requirements, the better your final results are. Therefore, it is crucial to set a project scope. You can start by creating a detailed and comprehensive plan as a reference point throughout the project lifecycle. The plan must include goals, milestones, features, functionalities, and documentation. With this roadmap, you can save time and money, enhance efficiency, and deliver timely results.
🟠 Prefer Open Source Technologies
Numerous open-source libraries and frameworks available within the market can rescue you, effectively reducing your development time and costs. Also, with open-source technologies, you get the freedom of outside assistance as many problems you face during the development are already addressed and resolved by someone from the community. Overall, This approach reduces the possibility of errors and reworking, improving the quality and helping control costs.
🟠 Agile Development
The agile methodology offers an extensive approach to your mobile application development, promoting flexibility and collaboration throughout your project development lifecycle. A significant component of this methodology is that it divides the development work into smaller sprints.
The sprints allow you to monitor the progress and give you ample freedom to iterate possible improvements. Also, you can refine the app features and functionalities throughout the development process. This continuous feedback, adjustments, and enhancements collectively reduce costs by preventing late-stage changes and making adjustments early in the process.
🟠 Cross-Platform Development
Cross-platform development for your mobile app is the best way to reduce your app development cost. Cross-platform development tools and frameworks enable you to write code once and use the same codebase with little or no alterations on multiple platforms (Android and iOS), saving time and resources.
The hybrid, also called cross-platform development, can be an excellent choice for your app development, specifically if you plan for faster release of your mobile app within the market.
🟠 Minimum Viable Product (MVP)
If you are new to the mobile app development market, an MVP is your answer to faster release of the application with essential features your app needs to function. You can quickly release a working version to get user feedback and test the market inclination and preference. Following this approach helps you save the cost of development and make calculated decisions based on users’ demands and expectations rather than investing a lot of funds in functionalities that don’t align with the user’s preference.
🟠 Reusable Components
Creating modular components and reusing them across different application parts is excellent. It allows you to save a lot of time and development costs. The components collectively make development much smoother, reduce the risk of errors, and ensure consistency throughout your application.
🟠 Cloud Services
Another way to reduce development costs is to improve your app infrastructure to leverage the efficacy of cloud services for hosting, storage, and backend functionalities. It is, again, a cost-effective approach as the cloud providers offer flexible, scalable options that eliminate the need to invest in and manage your infrastructure. Also, using cloud services helps you reduce infrastructure costs, improve scalability, and focus on resources for app development compared to IT infrastructure.
🟠 Use Templates
The pre-designed templates are another way to design your application interface and reduce costs. The templates help you save time and money by offering a foundation for your design and ensuring a consistent look and feel throughout the application. You can use these templates and fast-forward your development project.
🟠 Use App Clone Scripts
App clone scripts imitate a specific mobile app’s basic structure and features. Many mobile app development companies offer clone scripts to emulate and develop apps similar to some renowned apps like Uber, RedBus, Tinder, Dumbash, etc. You can use these clone scripts and customize them according to your brand to develop an app similar to the original app. With clone app scripts, you do not have to worry about user interface, security, user experience, codes, etc. Also, it helps you stay within the budget and develop your app.
Cost of Developing Mobile Applications Like Leading Brands
When you are in a business domain that already exists within the market, then the way to reduce your mobile app development cost is to research and analyze your competitors thoroughly. This saves your hard-earned money and gives you a live example of the features and functionalities that you wish to have or remove from your application. Below are a few leading examples of companies and the estimated cost to develop your mobile application like those brands effectively and efficiently.
Uber is a leading ride-hailing application used worldwide that enables users to connect with drivers and helps the driver reach the exact pickup location of the rider. The Uber mobile app allows customers to request a car instantly or on a schedule. The request directly goes to the nearby drivers, who can accept or reject it based on availability.
The cost of developing a mobile application can range from $25000 – $150000 based on the features, functionalities, and data the mobile application intends to handle.
This is another leading mobile application. It is a geosocial networking and dating mobile app with over 67 million annual downloads and 75 million active monthly users. The application follows a simple yet intuitive design that allows the users to swipe images right or left based on their preference to connect with prospective suitors.
The cost of developing a mobile application like Tinder can range from $10000 – $85000 based on the specific features (like login pages, in-app messaging, GPS location, push notifications, and more) that Tinder offers its users.
Ikea Furniture is another brand that leverages the power of mobile application development for their business. Ikea is a brand-based application developed with the help of augmented reality. The images of the furniture present in their catalogs are mainly 3D models.
The cost of developing an application like Ikea can be a blow to the budget due to its comprehensive features, such as 360-degree view, CRM integration, real-time dashboard analytics, and more. The average cost of developing a similar mobile application like Ikea can be around $50000 – $150000 or more based on your requirements.
Netflix is one of the most renowned streaming services that offer a wide range of award-winning TV shows, movies, anime, documentaries, and more for thousands of internet-connected devices. It works on a subscription-based model and enables users to stream online without restrictions on time.
Developing a mobile application like Netflix with almost identical features, functionalities, and intuitive UIs can cost around $15000 – $25000, along with the add-on maintenance costs and traffic management ranging from around $1000. The rest of the specifics depend on your needs and requirements.
Note: Do you want to develop applications for your business?
Leverage our wide range of Application Development Services, from maintenance and support to application modernization and more, to achieve your business success.
Break Up of App Development Costs at Different Stages
Creating a mobile application for your business is a challenging job. However, with careful planning and execution, you can create mobile apps that make your app stand out among the competitors. In general, mobile app development consists of five stages, as given below:
1. Planning Stage
The planning stage will give you detailed insight into your application’s purpose and target audience. You define your application’s features, functionalities, and requirements within this stage. It involves researching the competition and determining the application’s unique value proposition. After this stage, the overall scope and directions are established, and your team can proceed with the design stage.
The cost during this stage can vary as it is proportional to the complexity of your applications and the level of research needed to develop the said application. Many simple applications, such as a based to-do list app or a generic notepad app, require a small team to build and brainstorm the application. Whereas more complex applications, such as a mobile banking application or an e-commerce application, may require a comprehensive or more extensive team responsible for researching and focusing on user needs, and thereby, along with this, the market trends to ensure your application’s success.
Based on our experience, you can dedicate 8% of the cost to app development.
2. Design Stage
The stage involves the development team working on the project based on several factors, such as the complexity of the designs, number of screens, type of designs, and experience level of the design teams.
Roughly estimating your project’s design phase, you can dedicate 12% of your development cost to this phase.
3. Development Stage
This stage involves the initiation of building the application. It includes coding, debugging, and integrating various features. Other factors determining the time and investment required in this phase are the number of features, the platform for which it is developed, the experience of the development team, and other similar factors.
The estimated percentage that you can dedicate to this phase is 65% of the total development cost.
4. Testing Stage
After the application’s development, it must be tested thoroughly to identify bugs, errors, or glitches. The testing stage cost is proportional to the features introduced within the application, the testing tools used, and the size of the testing team.
The testing phase can cost around 10% of the total development cost.
5. Deployment Stage
After completing the testing phase, you need to launch your application to the public or your target group, making it available for use. The cost of this phase depends on the platform you will use to host the application, which can affect the cost of this stage.
A rough estimate for this phase is 5% of your overall budget for mobile app development.
Why Bacancy For Mobile App Development?
Bacancy is a leading mobile app development company with over 12 years of experience, focusing on creating custom mobile app development solutions to meet your specific needs. Having completed 1000+ projects and with a team of 1050+ agile-enabled developers, we aim to provide the most efficient and cost-effective development for your business application.
Having transformed hundreds of ideas into high-impact mobile applications, we usually focus on understanding your goals and requirements, ensuring a collaborative process that saves time and resources. We dive into the complexities of mobile app development by realizing challenges early and offering exact solutions that align with your application requirements. What sets us apart is our proficiency in cutting-edge technologies like ML, AI, and AR and our strategic approach—aligning every development with your unique business goals. By choosing Bacancy, you partner with a team of developers committed to delivering functional, customized mobile applications that give you an edge over your competitors.
Now, discussing the all-around aspects of the mobile app development cost in 2024, we can infer that the cost is ideally dependent on several factors. However, with the right development partner onboard, as a business owner, you can get a performant and efficient mobile application that makes you stand ahead of the competition. You can also contact a leading mobile app development company like Bacancy to onboard developers from India based on your convenience and preference.
Frequently Asked Questions (FAQs)
You can reduce mobile app development costs by best practices such as prioritizing features, choosing a single platform initially, outsourcing cautiously, using open-source solutions, maintaining effective communication, optimizing design, starting with an MVP, and planning post-launch maintenance and similar solutions and getting the most out of your mobile app.
Yes, as a business owner, you can incur hidden costs in mobile app development that may arise from unforeseen challenges, scope changes, or additional features. You can effectively identify and minimize these potential hidden costs through thorough initial planning, including detailed specifications and risk assessments.
Yes, you can quickly reduce your cost for mobile app development by outsourcing your project to experts from different regions and exceptionally experienced developers from India and get your app developed at affordable rates with high reliability and quality services.