What does it cost to develop an app for your company? It is the first thing you should ask yourself when you start evaluating the cost of developing an application in 2023.
The price varies depending on several factors. Depending on the complexity of the mobile application development, at €40 per hour, the average cost would be:
To develop a simple application: between €4,000 and €6,000
To develop an average application: between €6,000 and €30,000
To develop a complex application: from €30,000
Here you can find information about the factors that affect app costs (hidden or not) and how to choose an app development company.
Do you want to find a middle ground between quality and costs? So, read on. In this article, we tell you about the costs of developing an application in detail.
What is the cost of creating an application?
Depending on its complexity, developing an application costs between €4,000 and €150,000.
The cost of developing an application can sharply increase depending on the characteristics of the application.
There are several ways to estimate the price of an app development project. Although contacting the developers is the most reliable way, you can also use an app development cost calculator.
If you submit a request to an app development company without the necessary documentation and operating instructions to estimate the cost of your app, the quote you receive will likely be approximate.
Statistical data on the costs of developing applications
The growth of mobile app development globally determines the popularity of these apps and what it costs to develop them. More than 7 million applications can be downloaded in app stores.
App development generates interesting data about the industry and its costs in 2023. Here you can find some figures to analyze:
On average, more than 100,000 new apps are launched each month in the Google Play Store and more than 30,000 in the Apple App Store.
Free apps dominate the market. The “free” and freemium models are the most effective. For example, free tools in the App Store represent about 92% of the total.
Mobile app industry revenue reached €581.9 million in 2020. If this trend continues upwards, industry revenue will reach almost €1 billion in 2023.
The mobile app development market is expected to grow over 18.4% through 2026.
In 90% of cases, users spend money on an application. Soon, daily mobile device usage will reach 4 hours, and 88% of that time will be spent using an app.
66% of smartphone users download games. Likewise, more than 95% of all users download messaging or communications applications, web browsers, etc.
The price of developing an application depends largely on the type of application in question.
Factors which impact an application's price
Before creating a mobile app, you should analyze your business goals and who the app is for, understand how app development works, and choose a platform to develop the app for.
Buttons, screens and other elements make the application unique, attractive and convenient, but each extra component adds to the project budget. Therefore, it is essential to develop a prototype and think about the functions of the application in every detail.
These functions influence the factors that affect the price. The cost of creating an application depends on three things:
The complexity of the application.
Its design and structure.
The platform that the application will use.
We are going to cover each of these aspects in detail, starting with the complexity of the application.