Developing a mobile application is a medium of growth for a business. Whether the job is to order food, book a cab, text a friend, the first thing that comes into mind is a mobile application for the same. Mobile apps have simplified our lifestyle to such an extent that anything we want to do digitally, there is already an existing app for the work.
“How much does it cost to develop a mobile app” has become a trend. There are already more than 1 billion Google search results for this question. Startups always keep in mind about the right cost estimation for developing their app. Of course, there is no specific rate for mobile app development as the costing depends on the complexity and requirements.
The Union Budget for 2021-22 was announced recently where a lot of changes were made on the financial subjects of India. The primary question that came up was if this Union Budget will affect the mobile app development cost. This blog will focus on how can a cost-friendly mobile app can be developed considering the Union Budget.
Finance Minister, Nirmala Sitharaman has released the Union Budget 2021-22 recently. It offers strong intentions for reform and the right direction for the financial growth of the country. Here are a few highlights of Union Budget 2021:
According to The Hindu, the Union Budget has doubled the allocation to micro, small and medium enterprises (MSMEs) to ₹15,700 crores for the next financial year.
According to Inc42.com, the Union Budget proposes to allocate ₹1500 crore to boost the penetration of digital payments and financial inclusions.
There are various financial aspects to be considered in the mobile app development stages. The major ones are discussed below:
The most important factor in the cost determination of mobile app development is the business requirements. Usually, the clients are not exactly sure of how they want their app to function and this results in the unrealistic estimation of the cost. It is very important to frame all the features and functions of the mobile application.
The client should use the network and contact a good mobile app development company. The developers can analyse the client’s requirements and then begin with the process. They will also provide the client with a reliable budget of mobile app development.
The key framework for fixing the budget can also be given to the client. In the development process, the scalability and complexity should be on a high level, expected ROI on the medium level and timeline and budget flexibility should be on the lowest level.
These parameters can help fix the client’s budget. He may have to spend some extra amount for high complexity and scalability but that can be balanced by lowering the timeline and budget flexibility.
Before finalizing the budget for mobile app development, the client needs to have an understanding of the development process. The mobile application development company chosen by him must deliver him some basic information about the process. The basic development process consists of the following steps:
*More details in the section below
The timespan of the process of mobile app development can be approximated by the team size. The number of team members depends on the total number of human resources and their efforts in the development process.
Usually, the top mobile app development companies include the below mentioned members in the development team:
Sometimes the mobile app development companies charge according to the experience of the team members. The more experienced team will have a higher cost as compared to the less experienced team. Though, the most experienced ones will offer a smooth development process. Hence, this aspect must also be considered while planning the budget.
The cost of mobile app development also depends on its type. The typical characteristics of any mobile app can be divided into the following categories:
Before choosing a mobile app development company, the client should do a complete research in order to get the best and trusted results. The best mobile app development companies will provide the client with the best budget and a reliable relationship.
The company should be able to deliver services to various parts of the world. Thus, before picking the client should go through the company’s previous accomplishments and current projects. The client should match his requirements with the company. If the company is found to be reliable, then the client can even ask for some budget adjustments.
*As mentioned above
In a mobile app development process, there are 5 stages:
Most of the vendors begin with their project from the Pre-Development stage, also known as discovery or research phase. The benefits provided by the discovery phase is:
These mobile app development phases use the deliverables obtained from the discovery phase. An important thing to do before the actual coding phase is having a visual representation of the idea. The cost of development is proportional to the design complexity, screen count, and other features and complexities.
The functions that are of low complexity cost less like user registration, in-app search, push notifications, etc. The features that are connected to the admin panel like data management, audio/video streaming, etc. are complex and therefore more expensive.
The testing phase makes sure that the product being delivered functions properly and is of good quality. The functionality of the mobile app directly correlates with the cost of development. Ap testing takes 30% of the cost whereas frontend development takes 10%.
If the client has understood the basic idea of budget estimation of mobile app development, below are some recommendations that may help in staying within the budget.
The estimation of the budget for mobile application development is kind of similar to determining the budget of a household. There is a lot of effect of Union Budget on apps as the client has to be a bit more careful and aware of the happenings around him.
First, the requirements are to be analysed properly. Second, cost estimation around the solutions has to be checked. Third, a list of optimum prices is to be noted down. Fourth, negotiation has to be done with the providers and finally, ideate the budget.
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