How Much Does It Cost to Build an App? (2020 Cost Calculation)
There are a lot of factors that influence how much it costs to make an app. You need to understand each of them to manage your app budget better and allocate resources wisely.
NATIVE VS. HYBRID
The cost to build an app highly depends on the type of application you decide to create using native or hybrid development technique. Native apps are those designed for a single platform, iOS or Android. Thus, if you decide to target both groups of users, you will need to build two separate apps, which will increase app development costs.
ANDROID VS IOS
If you decide to build a native app, you will need to decide which platform to target first. You have a limited budget and don't want to risk the money, you can start with an application for a single platform, Android or iOS. The prices don't differ much, as the timeline is almost the same for both types of development. If you have a bigger budget, you can work on two applications simultaneously and launch them to the market at the same time.
LOCATION AND STRUCTURE OF A DEVELOPMENT TEAM
Where your development team is situated impacts the final cost to develop an app greatly. Even though there are regions like India where you can hire cheap mobile app developers, it is important to look for a good price and quality ratio.
APP MAINTENANCE COSTS
Knowing how much does it cost to build an app is not enough, as expenses don't stop with app launch to the market. You need to understand 'how much does it cost to maintain an app' and be prepared to spend on app support. Such costs can vary from $5,000 to $10,000 annually (Clatch - 2018).
Another research shows that during the first year, 50% of the app development cost will be spent on maintenance. During the second year, you will have to spend around 25% and 15%-25% for each subsequent year (Outsystems, 2018-2019 (https://www.outsystems.com/
If you want to know how much does it cost to build an app in 2020, get in touch (https://addevice.io/