Being in an evolving world where new technology advances now and then, having a mobile application is a must for every business.
Because of the COVID-19 pandemic people prefer to stay as comfortable as they can while doing everything they can. From attending virtual concerts to ordering food online or attending virtual work meetings, smartphone apps are available for almost everything. COVID-19 has been a huge boost to the mobile app development market.
Mobile app downloads have been increasing since 2016. Apart from that, the revenue generated due to mobile apps was more than $365 billion, which crossed more than $690 billion this year. The number is expected to cross $935 billion by 2023.
Mobile apps are making users’ life easy by keeping apps updated with every technological trend possible. Mobile app developers keep up with new trends to better serve their clients. The same goes for content creators and producers ready to take their brands to the next level with mobile development.
A mobile application embedded with trends such as IoT AI, live location, AR-VR, bacon technology and even blockchain technology is considered as must-have functions and features for any mobile application. There are mobile apps which are trending and about to grow more in upcoming years.
With such high demand for apps, there are thousands of IT and software companies offering app development services to global businesses. Hyperlink InfoSystem is one of them. The company was founded in 2011 and delivered more than 4,000 apps for clients’ custom requirements. It has a team of more than 450 developers who are working on latest technologies, including AI, IoT, AR/VR, and more. Hyperlink InfoSystem shares details of cost and timeframe to build different types of apps to help business owners to plan their strategies easily:
- On-Demand Apps – On-demand mobile app development is on the rise upward in 2022. Apps like Zomato and Uber have shown how successful apps in this space can be. The company has developed various on-demand apps like food delivery apps, taxi services, home maintenance services and so on. The average on-demand mobile apps development time is between 10 to 15 weeks which can cost around $20,000 to $25,000.
- Blockchain-based Apps – Mobile apps demand transparency, trust and accountability throughout the network required to embed with blockchain. Blockchain applications can disrupt existing business models and deliver lower-cost solutions. The company has developed many apps using various blockchain technologies such as cryptocurrency and NFT. The average blockchain-based app development time is 15 to 20 weeks, costing between $50,000 – $80,000.
- AI integrated Apps – The app functionality such as facial image recognition, face detection, text and image classification, Sentiment recognition and classification, Speech recognition, Predictive maintenance are almost must-have features of any basic mobile app. All the AI functionality integrated application demands an estimated 15 to 20 weeks of development time and $50,000 to $80,000
- IoT Apps – Mobile apps provide features and functionality such as in a house from a remote location, locking or unlocking a front door, and connecting to home security systems and managing household appliances. The estimated development time for such apps will be 10 to 15 weeks and cost around $30,000 to $60,000.
- Business Apps – The remote working environment has boosted the usage of business applications. From holding a virtual meeting to managing the tasks, business apps have made remote work better and easier. The estimated business application development time can be around 10 to 15 weeks and can cost around $10,000 to $20,000.
- Educational Apps – The pandemic has forced students to study online, which boosted these mobile apps. These apps made it easier for everyone to attend lectures whenever they wanted. Developing an educational mobile app with basic functions such as chat, assignment submission, audio-video functionality, in and out time requires 12 to 16 weeks development time and can cost around $15,000 to $25,000.
- Fintech Apps – A mobile application providing features such as money transfer, mobile payment and invoices app, fundraising, personal finance management, the stock market, or any kind of online banking app, online payment method requires a minimum of 15 to 20 weeks development time and can cost around $ 50,000 to $80,000.
- Social Media Apps – Target-based social media applications such as Facebook or even a video streaming application such as TikTok are trending. Developing such mobile applications requires a minimum of 10 to 15 weeks and can cost around $15,000 to $25,000.
- Gaming Apps – The company has delivered solutions for mobile gaming applications starting from simple games to sudoku to multiplayer gaming apps such as PUBG. Game apps require a minimum of 15 to 20 weeks development time and can cost around $20,000 to $50,000.
- Ecommerce Apps – Ecommerce mobile app solutions cover all industries from clothing to home decor. The company has years of experience developing such solutions, which require around 10 to 15 weeks development time and can cost around $12,000 to $15,000.
The development cost and timeframe may vary depending on the requirements.
As an app development service provider, the team at Hyperlink InfoSystem is ready to bring your idea into reality with successful solutions. If you have a mobile app idea or requirement that requires development support, email info@hyperlinkinfosystem.com or call 1 309 791 4105.
