In a report examining myths and realities in the software industry, Stefan Ried, Ph.D., of Forrester Research highlighted the value of custom application development, stating that there’s no need to purchase a major suite of package software “if you need only a small part of it.” Having said that let’s compare the prices at which this value can be obtained.
According to the survey published by Kinvey in November, 2014, 56% of mobile leaders say that on average it takes over 6 months to build a single mobile application. 58% claim they spend anywhere from $500,000 to over $1,000,000 per app. Not surprisingly, half of the surveyed CIOs believe this process takes too long, and 24% feel frustrated by it.
A recent report by Clutch states that the median cost range is between $37,913 and $171,450 but could climb up to $500,000 or higher… The calculated median cost at $100/hour for iPhone app development is $25,275.00 to $114,300.00. The median cost at a higher rate of $150/hour is $37,912.50 to $171,450.00. The maximum cost figures at $100/hour and $150/hour, respectively, were $485,000.00 and $727,500.00.”
In “How Much Does an App Cost: A Massive Review of Pricing and Other Budget Considerations” (February, 2015), Savvy Apps states that apps built by the largest app developing companies can easily cost anywhere between $500,000 to $1,000,000; apps built by smaller agencies are likely to cost anything in the range of $150,000 to $450,000, and developing firms consisting of 2-3 people could charge $50,000-$100,000 per app.
Fortunately, at Snappii, we know how to help our clients save thousands of dollars without sacrificing quality. Our unique Rapid Application Development Platform allows anyone to build a top-notch business mobile application just after a few weeks of learning the ropes. Our programmers write code so that you can create any business applications by simple drag and drop operations. Alternatively, you can order a custom app from us and still save thousands and even a few hundred thousands of dollars. Check our products and services now and see for yourself.