About 70% of the mobile apps created today are Software as a Service (SaaS). If you run a SaaS-based business, developing an app should be one of your main priorities.
Your SaaS business model relies on your ability to create an app that people resonate with. This requires you to understand some mobile application principles and app trends in addition to finding the resources that you need to develop it.
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But how much will it cost? Keep reading to learn more about the cost of custom app development.
You need to put together an accurate and thorough budget when you’re looking to create an app. This way, your SaaS business can take in subscribers and keep fulfilling customers’ needs.
Developing an app can cost you anywhere from $50,000 to more than $1 million. There are several circumstances that will dictate how much you pay, including:
The sky is the limit when creating an app from scratch. However, the more complex the mobile application, the more expensive it’ll be to develop. Consider the programming language, the amount of data, and the level of cybersecurity that you’ll need.
Figure out how much you need to roll out the app at launch and what level of work will go into maintaining and upgrading it over the years.
Take the time to study the features that you want to build into the app. Some app trends that might affect the cost of your app include:
- Facial recognition
- Integration with Internet of Things (IoT) devices
- The inclusion of Artificial Intelligence (AI)
Figure out the best way to reach your customers and what sorts of features they will appreciate the most. Take your time and brainstorm everything that you need, and budget accordingly.
Make sure that you also consider the tools and methods that you’re using to create an app. You have a lot of options in this regard. Some companies hire a full-time internal team of professionals that can develop the app from the ground up.
You might also decide to outsource the work to a third-party mobile app development company that can handle everything from the design and development to the marketing rollout.
Many companies also choose to use app development platforms that let them build it themselves. All of these factors will play a role in how much you pay, so you’ll need to figure out which works best for you.