The eCommerce market has seen unprecedented growth since the early 2000s, with no signs of a slowdown in the foreseeable future. This can be evidenced by the projected market size of $16215.6 billion in 2027.
This growth is largely attributed to the increasing number of smartphone and internet users, the proliferation of eCommerce platforms on social media, the emergence of omnichannel models, and the introduction of new payment modes, which have been drawing the attention of entrepreneurs for many years. This blog will help you understand everything related to the eCommerce app development cost and the various factors that affect it.
Furthermore, it is vital to understand that the eCommerce application development company can help put things into perspective and offer you an estimated cost for development based on your custom business requirements.
Understanding the eCommerce App Development Cost
To give you a brief idea, the cost of developing an eCommerce app varies between $40,000 to $200,000. There are several factors that further affect the overall budget, such as the location of the app development agency, team size, development process, UI/UX design of the app, etc.
Creating a successful mobile app begins with an innovative concept. A thorough market analysis is essential in order to understand how your target audience will interact with your business. Without proper planning, ideas are likely to be underfunded and have extended deadlines, increasing the chances of immediate failure. To ensure your business goals are met and that everything is planned accordingly, it is imperative to understand the average cost of mobile app development prior to beginning the project.
So let’s move ahead and discuss the factors affecting the eCommerce app development cost in detail:
1. App Complexity
The complexity of an app is one of the most important factors that affect its development cost. For example, an app with a large feature list and a high level of complexity will typically cost more than a simple app with few features. Here is the estimated cost of eCommerce app development based on the overall complexity.
2. UI/UX Design of the App
Having a well-defined UI/UX strategy is essential for the successful development of a mobile app. A seamless UI/UX design is necessary to increase user engagement and retention. To ensure the app meets the custom requirements, multiple testing procedures must be implemented, which can have a direct impact on the cost of business app development. Therefore, a well-defined UI/UX strategy is a key factor in determining the overall success of the mobile app.
3. App Platform
When developing an app, the underlying platform can have a significant impact on the budget. For example, one can choose to develop the app for either iOS or Android platform or opt for a cross-platform app. However, the budgetary requirements for each of these options vary depending on various criteria. To ensure that the budget is optimized from the outset, it is usually recommended to begin with a single platform and switch to a cross-platform app once the app has gained traction in the market.
4. Team Size
When selecting an app development agency, team size is an important factor that affects the cost. Depending on the project, one can choose between freelancers, an in-house team, or a dedicated organization to outsource the project. Each option has its own advantages and disadvantages, and the cost of the project will vary accordingly. Therefore, it is important to consider the team size when deciding which option is best suited for the project.
Accurate team for developing an eCommerce app includes:
- 1-2 project managers
- 1-2 business analysts
- 2-3 frontend developers
- 2-3 backend developers
- 1-2 designers
- 1-2 quality assurance analyst
5. Location of the app development agency
The location of the app development agency is another factor that has an impact on the cost of eCommerce app development. For instance, the hourly rate of development in countries such as India, China, and other parts of Asia is comparatively lower than the hourly development rates in the United Arab Emirates, the United Kingdom, and the United States. This is due to the differences in the cost of living, labor, and other resources in each region. Therefore, it is important to consider the location of the development agency when budgeting for an eCommerce app.
Now, various other factors that further affect the eCommerce app development cost include the tech stack used for the app, the features integrated into the app, the app’s maintenance, etc. it is vital to plan for all these factors ahead so as to plan your budget wisely.
Conclusion
We hope that this blog has provided you with the necessary information regarding the cost of developing an eCommerce app and the various factors that should be taken into consideration when making a financial decision. This information is essential in order to make a sound decision that will benefit your business in the long run. We understand that the cost of developing an eCommerce app can be quite high, but it is important to remember that the cost is an investment in the future success of your business. We hope that this blog has given you the insight and knowledge needed to make the best decision for your business.
