Apps offer incredible benefits for businesses looking to attract attention, but mobile app development is notoriously expensive. In this guide, we’ll discuss why app development is expensive, exploring the most significant factors that drive costs.
Why is app development expensive?
Paying thousands of dollars for a mobile app may not break the bank for multinational businesses and organizations with offices in every major US city, but what about small and medium-sized companies and brands looking to make a splash without blowing the budget? Mobile app development can be expensive, with even the simplest apps often costing upwards of $5,000-$10,000. Here are some of the main reasons why mobile app development is costly:
- Paying for more than an app
When you develop an app, you pay for more than the application itself. There is a lot of work involved in turning an idea into a functional mobile app, and even a basic app will be developed with user experience in mind. Depending on the individual project, there may also be a backend element with a server and a database, which will increase costs.
- Demand for talented, experienced app developers
The demand for experienced, talented, skilled app developers is increasing, as more and more organizations wish to take advantage of mobile apps. As demand soars, prices rise. App developers with the best reputation are in a strong position to negotiate fees and charge more. As a client, you may end up paying more because the mobile app developer you want is in high demand or they have several jobs lined up.
- Talent shortages
The number of app developers is growing, but the demand far outweighs the supply. There is a global talent shortage and this means that the top developers with the most experience and the best track records cost a lot of money.
- Supporting multiple platform versions
Mobile app developers have to produce apps that function on different versions of platforms to deliver results for clients using a range of devices or operating systems. The need to cater to different versions can make the development task more complex and time-consuming, which can contribute to higher charges.
- The value of apps
Developing a mobile app is costly, but perhaps the most important factor for businesses and organizations to consider is the potential expense of not having an app. The fact that mobile apps are so valuable and influential in the digital age means that developers can charge high fees. If you don’t have an app, there is a risk of losing out to competitors and failing to capitalize on a growing mobile market.
Mobile app development is notoriously expensive, especially for businesses operating on a tight budget. There are several reasons why app development is costly, including the complexity of the task, the work required to develop an app, the value of mobile apps and a shortage of experienced, highly skilled mobile app developers. When considering costs, it’s crucial for company owners and directors to compare quotes, but also to think about the potential implications of choosing not to pay for a mobile app.