It’s become something that is inevitable these days. It’s almost like breathing. Everybody is making an app and everybody intends on riding the mobile wave, however long it lasts.
A lot of startups and individuals don’t think twice
One more year has passed and the Mobile App juggernaut hasn’t shown signs of stopping. In fact, it has grown considerably and M-commerce is one of the biggest ways to do business.
In 2019, Mobile apps are expected to generate $189 Billion in revenues. Here are few other stats to chew on.
If you are building a Mobile App in Singapore. Here are the trends you need to keep in mind.
As mentioned earlier, wearable devices are going to be the rage with over 245 million units expected to sell in 2019. It makes sense for app makers to focus on creating apps that are smartwatch friendly.
With devices like Alexa and Google home becoming mainstream, the definition of apps will change to become a more omnipotent force.
Chatbots are becoming mainstream on the web and the same is expected for mobile apps. Consider integrating your app with a Chatbot to give your users a better experience. Chatbots will also improve app retention as a majority of the user’s queries are handled by the Chatbot.
The AR and VR revolution isn’t here yet but based on estimates, its expected to be a $200 Billion market by 2020. Adding a VR component was expensive back in the day due to a lack of developers. Now, to make a VR feature has become much cheaper. Shopping apps and games can use the power of AR to have a more engaging app experience.
Enabling your app with predictive analytics can do wonders for your app business. Businesses like Google and Facebook use the power of predictive analytics to give a better experience to their user that improves important metrics like Monthly Active Users, Daily Active Users etc.
if they need an app or not. An online store that is selling furniture may not need a mobile application because people may not buy through it, maybe its just sufficient to have a mobile responsive site.
Mobile is the next level of getting the attention of the user. It’s the medium that is right in the hands of the user and it’s most likely that they’ll interact with content on their mobile.
Before we get to how much it’ll cost you to make a mobile app. Let’s do where your business needs a website or an app. A company called Crew did a small side project called ‘Apps Vs Websites’ that helps us figure this question out.
Here are some example questions that help you figure it out…
Here is the link to Apps Vs Websites.
So now that you’ve figured out whether you need to build an app or not, let’s get to the costing of it.
Gigster in San Francisco is a company that connects a person to top Software Developers. They did their own research and figured out that these are the costs to build an application based on type.
For iOS development
Here are the applications that were covered and these were the approximate costs…
Uber – $45,000 to $50,000
It’s pretty obvious because of the features in the Uber app. It’s real time, it uses the GPS and it’s highly interactive and needs to be super fast.
Facebook and Snapchat – $40,000
Social apps like Facebook and Snapchat were sub $40,000, but they have a lot of features like uploading a picture, real-time feed and option for commenting.
Amazon – $45,000
An e-commerce app like Amazon has features like browsing through the app, adding a lot of products and should be able to handle heavy traffic that has a payment gateway attached to it.
Product Hunt – $ Below 35,000
An app like Product Hunt would set you back at least $35,000. It has features where you add new listings and check out existing ones and commenting. It’s pretty simple compared to all the apps above.
Uber type of apps would cost you around $38,000
An app like Tinder would cost around $35,000
A Yelp type of app would cost between $28,000 and $32,000
Snapchat would surprisingly not cost that much at all compared to the iOS version with the costing hovering between $24,000 and $28,000
Cost of hiring mobile app developers or mobile app development company in Singapore is quite similar to such costing highlighted.
You are paying these amount for these apps only because these numbers are quoted from the average software developers and don’t expect the app to be shipped in weeks. Those are the timelines for some of the apps for the basic version or what developers mean by Minimum Viable Product, MVP.
Also, top software developers will cost you MUCH more. Novatise has the chance to work with some of the cream of the crop developers who charge SGD$250/hour (no joke).
Apps like Uber, Airbnb, and Tinder would take at least four – twelve months to ship. Apps like Facebook, Twitter, Youtube, and Snapchat will take a minimum for three-six months.
All the above numbers are for the bare basic version of the application and for more extra features it would cost you half of the total cost. So if the cost to build an app is around $30,000 then for the complete version, it’ll at least take $45,000.
If these prices are too much for you, then you could always go to sites like Freelancer.com and Upwork.com where you could get a bunch of developers to bid on your project where they would compete with each other on price. Platforms like this would give you a much cheaper option for building an app.
How much does it cost to develop a mobile app?
A simple mobile app with basic functionalities can set you back around S$10,000. With a lesser experienced app maker, you can probably get it done for S$5000
How much does an Android app cost?It depends on the kind of app, look at the table above to get an idea. But the cost of an Android app is always lesser than an iOS app.
Where can I hire an app developer?
You can find app developers in sites such as Freelancer.com or Mobile App Development Agencies.
How much does it cost to maintain an app?
If you are running a very successful app that requires a lot of work, then you will need to hire full-time employees. If there aren’t too many updates and it is a simple app, then a few hundred dollars should be fine for a year.
How much does it cost to hire someone to build an app?
Look at the table below.
How do free apps make money?
They serve ads to their customers and make money on link clicks or ad impressions
How much does it cost to create an app like Uber?
Check the table below.
How long does it take to build an app?
Generally 1 to 2 months for simple apps. Really complicated apps can take anywhere between 3 months to 6 months. It also depends on the size of the team that is working on the app.
Table for Type of Apps and the COST in Building it
|Type of App||Cost|
|Mobile Shopping||S$20,000 to S$40,000|
|Car/Cab booking||S$30,000 to S$60,000|
|Social Media and Chat||S$15,000 to S$40,000|
|Gaming||2D S$50,000 to S$80,000|
3D S$80,000 to S$100,000
|Enterprise Mobile Application||S$30,000 to S$50,000|
|Hotel Booking||S$50,000 to S$70,000|
|Healthcare / Medical||S$70,000 to S$90,000.|
|Flight / Travel Booking||S$30,000 to S$50,000.|
|Retail||S$20,000 to S$40,000|
|Banking and Finance||S$40,000 to S$80,000|
|Event Management||S$20,000 to S$30,000|
|Educational||S$20,000 to S$40,000|
|Online food order||S$20,000 to S$40,000|
So I hope this article clears out any questions you have regarding pricing and helps you with making a decision when comes to developing mobile applications in Singapore. Making apps are not cheap after all and you’ll have to think twice or thrice before you go and invest in your idea.
The best way to start building an app is to build a basic prototype with free tools like Flinto and Marvel and go around and share those prototypes with your potential users and get their feedback on utility, ease of use, proof of concept. Show these prototypes to venture capitalists as well, who’ll give you honest feedback on your idea.
After gathering all this data, ask yourself if your idea is worth pursuing it or not and if it is worth pursuing find out if your users are primarily Android users or iOS users. Once you have that figured out, you can go about building your app.
Speak to us if your keen to have a quote on your next mobile app build
it helps if you are able to include your specifications…