The trend of developing on-demand applications doesn’t seem to change anytime soon, rather, more and more businesses are thinking about developing an on-demand application to take their businesses online. In 2020 more and more people are Googling the term cost of making an app. Well, the good news is, the cost of making an app in 2020 is not that much and in addition to that there are so many great companies that can help you with that. However, the cost of making an app may vary for several reasons that we’ll be talking about in a bit. If you are someone who is searching the Internet to find out the cost of making an app in 2020 then keep reading because today we are going to discuss different cost deciding factors as well as talk about the benefits of choosing to outsource or in-house development for your on-demand application. Welcome to Phontinent blog, today we are going to share with you the cost of making an app in 2020.

How to estimate the cost of making an app in 2020

The mobile app development cost estimate will need you to consider a few following factors:

The first factor is that development companies charge in two ways

• The fixed price of your application: Fixing the cost of creating an app is better when you are already aware of your expectations such as features and platform support with the application.
• The hourly rate: In case, if you are not completely sure about the types of features and platform support you want for your application then development companies ask you to pay by per hour. The most common rates are $40 to $50 per hour for countries like India and $200 for the USA based companies. 

The second factor will be by the app’s type

• Web apps: The cost of creating a web application would be anywhere around $10,000 to $15,000, although these applications support both the Android platform as well as iOS platform the developer still has to make some changes into the code script of the app. 
• Hybrid apps: The hybrid applications are created using hybrid frameworks such as Flutter. The development cost of hybrid apps would be anywhere between $15,000 to $17,000.
• React native app: The development cost of an application developed on the hybrid framework platform React native would be anywhere around $22,000 to $25,000.
• Native app: Native app frameworks use languages like Swift or Objective C. These applications are created for specific platforms as well for multiple platforms developers have to create applications differently.  The development cost of native apps would be the highest which is over $30,000+.

The third factor is the location of the development company

• The USA based company: They will charge around $200 to $250 per hour.
• Eastern Europe based company: They will charge around $150 to $200 per hour.
• India based development company: They will charge you around $40 to $50 per hour.

The fourth factor is the total number of features and panels

• The complexity of UI & UX: The smoothness of the User Interface and layout will determine the complexity of your application. The complex your application is, the costlier it will be
• The total number of supported platforms: Depending upon the total number of supported platforms your application the cost of making an app will increase accordingly.
• The total number of features and panels: Depending upon the total number of features and panels the cost of making an app in 2020 will vary.
• The design and development cost of the website: Although, you want to know the cost of making an app but knowing the estimated cost of your website will surely help you in the long run. The design and development cost of your website will also add up to your project’s final cost. The average cost of designing a website is around $5,000 to $20,000. 

The mobile app development cost estimate would be anywhere around $5,000 to $100,000 depending upon the above-mentioned factors.

Outsourcing vs in-house development, What to choose

When it comes to creating an app, the cost of creating an app isn’t the only thing that matters, you will need a team of designers and developers to turn your application into reality. If you are thinking about hiring someone and wondering about whether to outsource your development or do in-house development.

In-house development

Both outsource and in-house development has its benefits and drawbacks. However, experts argue that the only benefit of doing in-house development is having the team physically available in the office which in-results help with better communication. Other than that, the cost of making an app will be much more if you choose to go with in-house development.

Pros

• Better & Straightforward communication 
• Face to Face meetings
• Personal involvement in the process

Cons

• Much expensive
• You cannot choose from the vast numbers of talents that outsource offers

Outsourcing development

On the other hand, outsourcing the development of your application isn’t so troublesome that it seems and the communication part might be hard but it is not impossible. Today you can use high-quality video calls with the screen-sharing application for more clarity and better communication. However, with outsourcing development, the mobile app development cost estimate will be lesser. 

Pros

• You can choose the best developer or designer from around the globe
• You can go with your designated level of expertise 
• The cost of outsourcing development is way lesser than in-house development
• Flexibility is also one of the pros of outsourcing development

Cons

• Lack of personal involvement in the process
• Different time zone challenges

Conclusion

By now hopefully, you have known your answer to the cost of making an app in 2020 as well as what to choose between outsourcing and in-house development. Unless you want the proper involvement and can find the best developer and designers for the development, you can go with in-house development. On the other hand, if you want the quality and high-end application then unless you choose the best team, it cannot be achieved. So now that we have established that the cost of making an app isn’t the only thing that is beneficial with outsourcing and it gives you a chance to choose among the world’s best designers and developers. If you are looking for a company that can help you with outsourcing your business then you can “Contact Us” to discuss the cost of creating an app. Here at “Phontinent Technologies” we have a great team of developers that have experience with developing both Android-based applications as well as iOS-based applications.