Money matters! Spend it wisely! We help build bespoke software products on budget and on time, all in a cost-effective manner. Money matters! Spend it wisely! We help build bespoke software products on budget and on time, all in a cost-effective manner.
Factors Impacting Bespoke Software Development Costs
All Software Projects Are Not Equal.
At the heart of every software project lies a unique journey, and this journey comes with a price tag that’s far from uniform. Wondering why software development costs vary? These are some of the main reasons the costs varies between projects.
Technical Complexity
In software development, the more complex your project, the more it’s going to cost. Complexity can be due to features like, having real-time collaboration between app users, ensuring smooth video performance, or dealing with complex processes that rely on multiple interconnected parts. All these factors drive up the overall cost of your software project.
Platform Choice
Complex Business Logic
Technology Stack
Size of User Base
Custom Design
Custom UI/UX solutions are tailored to the unique needs and preferences of a specific audience. They prioritise user satisfaction, ease of navigation, and aesthetic appeal, ultimately leading to a more engaging and user-friendly product. This focus on a personalised and seamless user experience often requires additional time and resources, contributing to the overall higher cost of development.
Advanced Personalization
High-Fidelity Prototype
Avant-Garde Layouts
Micro-Animations
Third-Party Integration
The inclusion of third-party integrations, such as payment gateways, maps, ERPs, or CRMs, can significantly influence the overall cost. The cost variation is attributed to the varying complexity and time requirements of these integrations, with some being straightforward and others demanding more resources from the software development team.
Comprehensive Customization
Data Migration
Secure Payment Integration
Geolocation Integration
Features & Functionalities
The extent of your software’s feature set plays a pivotal role in determining the overall cost. This includes things like screens, buttons, and fields, as well as how complex the logic behind them needs to be. The more features, the higher the cost.
Number of Screens
Real-Time Updates
Push Notifications
Security Complience
Indicative Pricing For Different Software Systems
SMALL PROJECT
$25,000
-
$49,999
MEDIUM-SIZED PROJECT
$50,000
-
$99,999
LARGE PROJECT
$100,000+
Components of Software Development Costs
There are 4 major components of custom software development pricing, and each one of them carries a different weight in the total cost. Each one is a critical item and important for a successful product development effort. The following is a rough idea of the cost distribution for these major factors based on fixed-cost projects:
The cost distribution provided above is for indicative purposes only.
Why We Recommend Phased Approach
Most software development companies follow an iterative process – you don’t have to do it all in one go. Our advice for you is to choose a phased development approach for your custom software.
Our recommendation is for you to choose a phased development approach for your custom software.
A phased approach makes budgets easier to cope with and gives you a chance to discuss with your software developer and rethink your plans based on different factors.
Prioritise the features for your product. Allocate the most time, attention, and budget to things that matter most.
Once your users start using the software, priorities will change. A phased approach lets you adjust the features that need to be added next.
Your product idea might alter or completely change based on what you are learning from user behaviour and response. A phased approach will help you efficiently manage your custom software product.
What We Need For a Realistic Cost Estimation
In order to provide you with an accurate and realistic estimate for your project’s development cost, there are a few things we need from you.
Product Idea
It may seem obvious but the most critical contribution from your side is to effectively communicate your idea to us. Share your research on the idea, and any surrounding knowledge, so we can have a full understanding of what you want.
Feature List
Drawing up a few blueprints of what you want your app to look like helps us understand your requirements. However, we understand you might not have the technical expertise for wireframing, which is where our design team comes in!
Wireframes
Drawing up a few blueprints of what you want your app to look like helps us understand your requirements. However, we understand you might not have the technical expertise for wireframing, which is where our design team comes in!
Reference of Competitors
If you aim to develop software that competes with some other existing products, send us some references so we understand what exactly it is that you are looking for and how we can make your product stand out.
Technical Specifications
Let us know if you have some specific technical requirements – such as your preference for a particular development platform or technology stack – you want us to follow for your software development project.