Cost of Developing a Mobile Application in Singapore
With well over 4 million of the population in Singapore owning a smart phone, a mobile application is one of the best platforms to reach out to the market. Therefore, it has become inevitable these days that everybody is thinking of making an app to ride on this mobile trend.
If you are still asking why go mobile? A survey indicated that individuals are on their mobile device at least 3 hours and 12 mins every day, it is therefore one of the most effective way of getting users' attention as it is readily available right at their finger tips.
However, deciding to build a mobile application is no small decision, it involves a huge commitment of time and money. A US company did a research to show the costs of building a mobile application based on type.
For iOS platform:
1. Uber - $45,000 to $50,000 (Real time GPS and highly interactive)
2. Facebook & Snapchat - $40,000 (Social apps require features such as picture uploading and real time feeds)
3. Amazon - $45,000 (E-commerce apps require a huge directory of products and a payment system)
For Android platform:
1. Uber - $38,000
2. Facebook & Snapchat - $30,000
3. Amazon - $35,000
As you probably already notice that it may cost lower to develop an android platform, however to effectively reach both markets, you would need to factor in the cost for both platforms.
The cost of engaging a typical mobile app development company in Singapore would easily be comparable with the above cost that we have indicated. However, you have to bare in mind that is a ball park figure for a basic version or MVP of the application. A complete version with more features would set you back by another additional 20% to 50% above the original cost.
On top of that, you have to include the opportunity cost of development which is the timeline taken to take the product from idea to actualization. This would typically be 4 to 10 months for an Uber type of application and 3 to 6 months for a social type of application. This would include the testing phase to removal of bugs.
If these prices are too much for you, some may recommend heading to freelancer.com or upwork.com where you could get a bunch of developers to bid on your project. However, to manage these freelancers individually may be a very daunting task. Not only are they not exclusively working on your project, you will need to coordinate the different developers as they build and piece together different segments of your mobile application.
Here at Worknetics, we offer a more appealing solution, by assembling your very own offshore tech team to focus on building your mobile application. Beginning with shortlisting profiles of tech talents, you can then interview them personally and test their technical capabilities if necessary. Upon confirmation of engagement, we then undertake all the hassles of employment of your tech team in Vietnam which includes work space and insurance. You will then take full control and direct communication with them to set milestones and deliverables and have them report back to you on a daily/weekly basis. This brings down the overall cost of building a mobile application while at the same time giving you more control of the project. At the same time, we are readily available to attend to any feedback and assist in any area of consultancy.
Let us help you bring your idea to actualization in the best means possible! Contact us today!