If you’re in the market to build an app, you’ve probably wondered how much it costs to build an app in 2022? As it turns out, that depends on many factors. The structure of your company, the complexity of your idea, the type of platform that you want to develop your app for, and more are all important variables when estimating mobile app development company costs in 2022. Check out this cost breakdown to get an idea of what you might pay to have an app developed in 2022 based on industry standards!
The digital marketplace has never been more crowded. According to Gartner, Inc., it’s estimated that there will be 26.5 million mobile apps by 2020 and with such a high demand of apps available already (2 million new apps are added each year), developers need more revenue streams than ever before.
To combat this growing demand for apps, new technology must be implemented. This is a big part of why app development costs have been on a steady incline since 2016, according to data from Statista. In just three years, it has increased 35 percent from $769 million to $1 billion as of 2017.
In fact, it’s estimated that by 2022, app development costs will have jumped a staggering 400 percent from today’s averages! This means that to break even on your app creation costs alone, you would need a million downloads. If you want a return on investment for your time and efforts, don’t expect it from Apple or Google Play – at least not anytime soon. The average revenue per app is only about $2.50.
Solution 1 – Hire an Agency
Developing an app is still a major expense for most small businesses, with costs varying wildly depending on your budget and business model. If you’re willing to spend anywhere from $100,000 to more than $1 million, you can have a brand-new app created by an agency—if you hire one now, it will cost approximately $105,000 by 2022.
Of course, your business isn’t likely to be able to afford that price tag, which is why many small businesses look for alternatives. The good news is that there are several ways you can build an app on a budget—especially if you start planning now.
You can hire freelancers, for example, which will cost you $40-$200 per hour. Hiring them for 40 hours of work will give you a basic app at a cost of $4,000 – $20,000. If you want something more advanced or with additional features—like artificial intelligence (AI), augmented reality (AR), and other modern technologies—you’ll have to budget up to $25,000.
Solution 2 – Work Directly With Freelancers
The cost of freelancers is much cheaper than solutions like Fiverr and Upwork. Freelancers can be hard to find though. You can use websites like PeoplePerHour and Scriptlance, but you need to make sure that they’re reputable and will do a good job.
Keep a critical eye on each freelancer’s portfolio and read their reviews carefully. You need someone who knows what they’re doing when it comes to development, so take your time when choosing.
Once you’ve hired a freelancer, work with them closely. You need to provide clear instructions on what needs to be done and when. Be respectful of their time—if they spend more than 10 hours working on your project. Be prepared to pay them at least $20/hour. And remember that if you don’t like what they’re doing, it’s okay for you to fire them and hire someone else.
Solution 3 – Go DIY (Save Money)
Maybe you can’t afford to hire someone right now. Maybe you don’t know how to build your own app yet. Or maybe you just need to learn.
Then you should consider going DIY, i.e., do it yourself! Making your own app might not be as tough as you think. And can save you time and money in different cases.
And you don’t need a lot of money to build your first app. Nowadays, there are numerous tools that allow you to build apps for just $0-$100. One of them is Appy Pie, a drag-and-drop mobile app builder. Using it, you can create your own mobile app without any coding skills in just few minutes!
Apps built with Appy Pie have an average rating of 4.5/5 on Google Play and are really easy to use (you can try one of them here). Moreover, they can be customized based on your business requirements, which is another great advantage if you run a business. You get access to more than 50 mobile-optimized templates that you can choose from! Finally, don’t forget about free customer support that is available 24/7.