The surge in smartphones and remote technology services has led to immaculate mobile app development. From video conferencing to booking a cab to ordering food, the need for on-demand mobile apps is growing daily.
According to Statista, the worldwide app market revenues will reach $613 billion by 2025.
Seeing the vast market opportunity, many business owners want to invest in the mobile app market to gain high returns.
However, any startup or entrepreneur with an excellent app idea may have one question: how much does it cost to make an app?
The answer to the above question will depend on various cost-driving factors such as app types, industry, technology stack, features, geographical location of mobile app developers, etc.
This blog post will help you understand the cost of developing a mobile app in 2022.
Cost-Driving Factors To Create An App in 2022
The cost to build an app will depend on the type of mobile app you want to create. There can be two methods via which you may wish to develop your mobile app, i.e., native and hybrid app development. In the native app development process, a mobile app development company builds a dedicated app for various platforms.
The second app type is a hybrid app. These apps are a mixture of web and native apps. Creating a Hybrid app can be cost-efficient, as you would need the same amount as a native app to build an application that will run smoothly on both iOS and Android platforms.
This domain plays a critical role in representing what the clients can foresee and the products delivered by the mobile app development company.
The mobile app development cost to create an eCommerce app may range from $60,000 to $300,000 and more, depending on the kinds of features you want to integrate into the mobile app.
The on-demand app niche has been soaring rapidly in the last few years. The cost to make an on-demand app could range from approximately $70,000 to $100,000+. You can take the help of mobile app development services provider to get a precise cost estimation of your app idea.
With the emergence of Web 3.0 and new technological advancements, the FinTech market is booming immensely. The app development cost to build a FinTech app ranges from $50,000 to $300,000.
EdTech is the future of the education industry. The need for personalized EdTech apps is continuously increasing. The cost estimation of developing an EdTech starts from $60,000 and more.
Healthcare is a promising industry that utilizes technologies such as Blockchain to secure personal healthcare information to assure users’ privacy. A mobile app development company can quickly build a secured and robust healthcare app. The approximate cost to make an app starts from $60,000.
Below, we cite the approximate ranges of mobile app development costs on an hourly basis in various geographical locations.
Region Hourly Costs
- North America $20-$150
(the USA, Canada, etc.)
- Asia $20-$50
(India, Russia, Japan, China, etc.)
- Europe $25-$100
(UK, France, Italy, etc.)
- Gulf Countries $30-$120
(UAE, Saudi Arabia, etc.)
- Australia & New Zealand $35-$150
The Bottom Line
Considering all the factors discussed earlier, the final cost for developing a mobile app may range from $15,000 to $300,000. If you wish to create an engaging and user-friendly app, you can take the assistance of an app development company. However, I suggest doing a comprehensive market analysis before hiring any mobile app development firm.