There is no denying the significant importance that mobile phones play in our lives. Innovations in technology have resulted in the development of apps that enhance the way we experience computing. Their usage is evident in almost all sectors, which range from medical, social media, education, and banking among others. Given that apps differ in complexity and what they can do, there is no magic formula when it comes to cost calculation when you want to develop one. However, there are some factors you can consider to come up with a rough estimate:
What the App will be used for
How the app will be used, will directly affect its complexity and thus cost. For example, a banking app will cost more since it requires a high-end complex platform and enhanced security features. It will also need to be tailor-made to fit your needs.
This is in contrast to a simple app such as one just showing a catalogue where you can just choose a custom design. A simple app can be build for around $25,000, while the more complex app can reach well over $1,000,000. However, these are just estimates and costs vary widely with regard to the developer making your app.
The platform issue
App developers find that building Android apps are much harder to design than iOS apps. This means that you will likely be charged more if you want an Android app as compared to when you want an iOS app. This is one of the main reasons why many developers feel inclined to develop iOS apps first, and then transfer to Android apps.
When making an estimate, you will also need to consider additional costs such as costs for your server, security features and updates.