The mobile app industry is going to witness a humongous rise in terms of revenue in the coming years.
To give you an idea, the revenue generation would rise from 461 billion as of 2019, to 935 billion in 2023, i.e., more than twice the current revenue.
It’s very obvious from the above data that the app industry is going to experience a huge influx of new entrants with new offerings for consumers.
If you are one of them, let’s provide you with an idea of the average cost you would incur for creating your app.
Firstly, there are three factors that will primarily influence your app development costs, namely:
1. The project complexity
2. The level of expertise of the designer that you are hiring
3. The number of platforms you are designing your app for.
However, the geographic location that you also choose heavily influences your overall app development cost.Read more.