After weeks or months of researching, you have finally decided to invest in offshore custom software development to advance your business and run in the same league as other successful companies.
Now the first question that pops in your head is, “how much does it cost to get a custom software application developed? Followed by is the cost fixed? Can it be estimated accurately down to the last dollar? Is there a way to reduce it?
Give your mind some rest and stop being concerned about the hows and when of the process.
In this blog, we discuss the 6 major factors that influence the cost of custom software development.
Let’s move ahead.
According to Statista, in the year 2020 alone, the IT expenditure on enterprise software development worldwide was $466.6 billion. This number clearly states the practice’s popularity against buying off-the-shelf services or hiring an in-house development team. Many enterprises and businesses now prefer offshore custom software development.
Now let’s address the elephant in the room; what does custom software development cost? The correct answer – it is not possible to estimate the total cost at once as there are many variables at play.
The most popular platforms to deploy custom software are Android, iOS, Linux, windows, and mac. Android has captured a significant percentage of the market, including different devices like smart wearables and appliances, and laptops as android have a vast user base, so you need robust software to support scalability and uninterrupted performance.
In terms of what this will cost, let’s look at this from a business perspective. Say you choose android as the first platform for deployment because of your consumer base, and now you want to expand to iOS. Now iOS is a different native development environment than android, which will need different expertise and thus a separate team.
Two different sets of developers’ expertise mean the price just escalated 2x.
Cross-platform development is a better alternative where a single team reuses the code in different environments, reducing the cost significantly.
Consider the best technology for cross-platform development – React Native. For more info, contact our React Native developer’s team.
The complexity of software mainly consists of coding, testing, and features. As a general rule more the coding and testing, the higher the development cost.
Also, consider this; if your business requires an application that needs functionalities with heavy computation and a robust backend, the cost may get higher than average software development. Integration of fewer intricacies costs less in software development.
Furthermore, aesthetics and functionality are the two most significant variables which decide the final cost of software development. If you want to create software with minimal aesthetics focusing on essential features, it will cost less. On the flip side, if you optimize aesthetics, it will cost much more than usual.
Integration of third-party APIs adds more functionality to a software application. But here is a glitch, the internal software environment must be compatible with the third-party API. If there are compatibility issues, it takes a lot of effort and time to get it right, resulting in increased cost.
For instance, if you want to integrate WhatsApp and Facebook both in the custom software, it must be compatible with both external apps. If not, it doesn’t just increase developers’ execution but also the cost.
The moral here is, more third-party integration might lead to elevated cost.
Securing the existing data on your systems is crucial while migrating to custom software. You don’t need to fret about it. Expert custom software developers seamlessly integrate the old data without losing critical information during migration. They move data among formats, locations, and systems while ensuring quality.
But if not executed well, data migrations might cost a lot to your business. To avoid such heavy costing, create a backup of the entire data.
If this all sounds a little complicated, feel free to consult our leading offshore software development company to save your business a fortune.
Adding more creative elements to your custom software for the company is always an intriguing idea. A good design sure makes an application more appealing, unique, and engaging for the users. You can add animations and creative designs to make your custom software stand out.
Although more designs can spike your custom software development cost due to increased development efforts.
The midway here is to pick a simple and elegant design interface to facilitate easy navigation for users. A swift design is recommended to create an efficient user interface in moderate pricing.
A clear path for the entire development process is fixed before starting development, from frameworks to modules and budget, as the project needs an execution strategy. The second step is to choose a reliable development approach that supports the faster execution of ideas with the least amount of errors. The agile development approach is one such evolutionary method of software development.
Agile methodology is a modern software development approach where there are sprints of continuous testing and development through the entire workflow of the project. Both product development and testing are simultaneous, which speeds up the development process multifold.
Choosing an agile development approach over old and slow-paced methods is much more cost-effective. It saves time and effort while promoting faster time to market.
Reading the entire post, you get that there is no exact way to estimate the cost of a custom software development project as it rests on the features mentioned above. It is essential to consider them while preparing the final budget of the offshore project.
Another aspect that impacts the success and pricing of a software project is the developers. Well qualified and experienced developers are key to reduce the costs of software development projects.
Hire expert custom software developers to rethink your strategy and minimize your next offshore IT development project losses.
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Software outsourcing is the process of hiring an offshore development team to create custom software solutions for the digitalization of a specific business process via an application or software maintenance.
The major benefit of outsourcing software development is the advancement of business through digital infrastructure. Other benefits are:
We understand your concern for quality, but with Imenso, you don't have to worry. At the beginning of every project, we send you a list of experienced professionals from which you can choose from. Thus you are satisfied that your offshore software development project is in capable hands.
We work with many technologies to create custom software solutions. Our expertise includes robust PHP development using the best frameworks: Laravel, Yii, CodeIgniter, CakePHP and more.
For mobile development, we work with android, ios and hybrid development.
Game development, .NET, Power BI, WordPress, Shopify are some other competencies.
For more detailed insights, check out our technical expertise section.
Our team has an enthusiast in every industry. We know about the ins and outs of all. Together we've worked on projects from multiple industries including Tourism, Human Resource, Blockchain, Finance, E-Learning, Health Care, E-Commerce, B2B, Consulting, Fashion, Automotive and Real Estate.
We have a cumulative experience of 10 years working as a software and web development company. Our team of 60+ coders and developers at Imenso are proficient in the latest technologies which solve complex business issues seamlessly.
We love to code and create. PHP development, .NET development, mobile application development, business intelligence and data analytics, game development, CMS and eCommerce and UI/UX are the tools with which we work to provide technological solutions for real-world problems.
Our software/web development agency offers all types of hiring models: dedicated resource, fixed and hourly pricing as per your business needs.
Choose a dedicated resource for full control over your web development project. You can also go with the fixed pricing if the project requirements certainly won't change during its tenure.
The total time for project delivery is based on several factors. Our custom web/software team understands the requirements fast and deliver web solutions in the minimum time possible.
It generally takes around 12-15 weeks to finish a software development project with minimum features depending upon the number of iterations and functionality required. In around 12 weeks we develop a complete software product to solve your problem. Although a feature rich product takes longer.
Protecting your intellectual property is our top priority and we don't compromise with it. All the conversations and data about the project is NDA protected.
Our software and web development agency has experts for every technology. You can choose which professional is the best fit for your offshore project.
We deliver the best software solutions for our clients. However, if you aren't satisfied with the services provided, feel free to contact your Account Manager at Imenso Software. We will try to resolve your issue in the best ways possible.
Yes. Our software and web development company aims to provide the best client experience. We provide a dedicated project manager for your project only. The project manager is responsible to keep you updated about the progress and make sure the deadlines are met. He also takes feedback from you and optimizes work accordingly.