The demand for mobile apps seems to be unstoppable, and global spending in major app stores is expected to climb to $157 billion by 2022. But how much does it cost to create an app? The answer is complicated because there are many different types of mobile apps and many different ways to develop them. After reading this article, you will understand the main factors that influence the cost of developing an app and know the average cost of app development.
How much does it cost to create an app?
Mobile app development agencies charge, on average, between $40,000 to $60,000 for a simple application and between $61,000 and $69,000 for a medium complexity application. When calculating the cost of developing an app, it’s also important to take into account the cost of ongoing maintenance, typically about 15 to 20 percent of the original development costs.
How long does it take to make an app?
Unfortunately, there’s no simple answer to this question. Some apps can take a skilled mobile developer just a few weeks to finish, while others may occupy an entire mobile app development agency or an in-house team for years. What’s more, developers are rarely done when their application is finally released because they are expected to provide ongoing maintenance and work on new features.
What are the most popular categories of mobile apps in 2020?
Games are the most popular category of mobile apps in 2020, with a 24.43 percent share in the app stores. Other popular types of apps include business, education, and lifestyle apps.
How much money does the average mobile app make?
Apps can be extremely profitable, which is evident by the fact that global mobile app revenues are projected to generate $935 billion in 2023. Some of the most popular apps in the world, such as Tinder, earn hundreds of millions of dollars a year, but most mobile apps make no money at all.
Is it possible to create a mobile app for free?
Yes, it’s possible to create a mobile app for free and without any expert knowledge using a free app builder. However, you should never expect a free app builder to deliver the same results and functionality as a professional software developer.