The Numbers: How Much Does Custom Development Cost?
Because the cost of a project depends on the factors listed above (and more), it’s difficult to give a standard range or estimate without knowing more about your exact situation. A simple mobile or web application with only a few features could cost $30,000 when built from scratch, but larger software products will require ongoing product development well past the initial "minimum viable product" and may require many millions or even billions of dollars worth of development (think Facebook, Google, Uber, etc.)
Smaller software projects with a handful of features may take between 6 to 12 weeks and cost a few hundred thousand dollars. On the other hand, a high-end large application with lots of user types and permissions may cost 10 or 20 times as much. Also, note that building both a web and mobile application will cost more than one or the other, since they will have to be developed separately.
In many cases, the “sweet spot” would be to build something that can be executed and deployed in a few months with all the most important features, so that you can start generating revenue. Such a project might cost between $100,000 and $250,000, depending on the specifics.
Although the costs of custom software development may vary widely, nearly every business can find a development partner and an option that works for them. If you’re considering custom software, speak with a knowledgeable, experienced partner such as Very who can assess your situation and provide an estimate of the required budget and timeline. Click here to get in touch with us today.