App development pricing is one of the most recent trending subject in this era of technology. The final price and cost of application can vary from few thousands to lakhs of dollars. Initially most of you must think about the development of the app and ignoring its deployment and maintenance.
Check out the most important factors and hidden parameters that decide the cost of an application.
Scope of App Major factor for app development cost
The first and most important parameter is always going to be scope. What you want to accomplish in your product is always going to have a large effect on how much effort it will take to build.
Dependencies and Integration (mobile app development cost)
Another parameter that will factor into overall cost is that of dependencies and integrations. Does the app need to interface with several external APIs? Perhaps it has to integrate with a piece of hardware?
Any component that must be incorporated that is not part of the core platform is going to add complexity and thus cost.
Product and Design Complexity (app development cost)
Yet another parameter impacting mobile app development & to consider is that of complexity in product or design. Design-wise, the number of screens that require custom UI be created, as opposed to using stock platform components, will definitely impact cost.
A design that leans more on stock UI, expressing brand primarally through color and iconography, will take far less time to create. Additionally, the complexity of the cost of app product itself can have a large effect.
Are there many complicated data flows, multi-screen flows, or other challenging UX features?
Greenfield or Existing Code-Base
Finally, whether or not the app in question is to be built from scratch or must be built atop an existing code-base will have a profound effect on the cost.
Greenfield projects, where the mobile app development team starts with a clean slate, tend to take less time since they do not have to absorb the cost of understanding an existing and potentially complex code-base before even starting.
Number of platforms and technologies (decide app cost)
An app for Android/iOS only would be cheaper than for both systems. Cross-platform technologies can mitigate the difference somewhat; e.g. React Native app would cost about 30% less than two separate native apps while preserving good visuals and performance.
All other things equal, Fixed Price projects usually take more because of the risk-mitigation markup of around 30%. Companies will include it to alleviate the possible mistakes during the estimation phase, as no two apps are exactly alike and 100% accurate estimate is nigh impossible to achieve.
When the app is in its childhood, there is no reason to invest into making the code crystal clear and perfectly readable.
However when it begins to scale, investments into refactoring will be needed to ensure the technical debt would be dealt with.