Did you know that we spend around 90% of our time on the phone on apps? That means just 10% of the time is dedicated to other things like making calls, the primary reason phones were invented in the first place.
For those of you who didn’t know, there are around 2.8mn and 2.2mn apps on Google Play Store and Apple App Store respectively. Our dependence on apps has grown to such an extent that we resort to apps to execute even some of the most basic tasks. And it is this dependency that is about to make the smartphone application industry worth $189bn by the end of 2020.
Factors That Influence the Cost of App Development
To precisely give you an idea on how much does it cost to develop a mobile application, you also need to consider some more factors that influence the cost of development. Let’s look at some of them.
Your app idea – the cost to develop a fintech app is different from the cost to develop an on-demand app.
The number of features and functionalities you intend to include in your app
The design and aesthetic appeal of your app
App security
Type of app – hybrid or native
Location of your development team
The estimated number of hours to develop your app
Expenses involved in the maintenance of your app
The tech stack
Advanced features such as artificial intelligence, machine learning and other algorithms incorporation and more
Upwork is an online marketplace. Which business model is based on charging a fee for a successful job company promotes on its platform. They charged freelancers with a fee ranging between 5 to 20 percent.
The business model of Grubhub depends on charging restaurants for every request commission that is essentially percentage- based. In certain business sectors, Grubhub gives the facility to restaurants to deliver their food-dishes on its platform. The Company likewise produces incomes when diner orders put in a request on its platforms. We believe those of you asking how much does it cost to develop a mobile application like GlamSquad now have an answer. It depends on the factors we mentioned and your intentions with the app.
Regardless, this is the most ideal time to get started with app development and launch your business in the market as digitization is defining our times today. Your wise decision is the source of serious profits tomorrow.
Get in touch with us to get an app developed for your idea.
Talk to Mobile App Development Expert Absolutely Free: +1 (832) 251 7311
| Visit here: https://www.xbytesolutions.com/mobile-a … ompany.php
| Email: sales@xbytesolutions.com
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