Contents hide Prime Mobile Platforms Statistics and Market Share What Factors Determine Mobile App Cost? 1. Business Model 2. App Development Company Choice 3. Technical Сomplexity 4. App Load 5. Server Solutions 6. Third-Party Services 7. Payment Gateway 8. UI/UX Customization 9. Additional Expenses 10. Tech Requirements 11. Mobile Platform Hosting and Security 12. Mobile Apps Updates and Maintenance 13. Trends Is Mobile App Development Cost Varied Around the Globe? 1. North America 2. Australia 3. The UK and Other Western European Countries 4. Eastern Europe How the App’s Complexity Influences Mobile Application Development Cost? 1. Basic Level 2. Medium Level 3. High Level How Much Does It Cost to Build a Mobile App Like Instagram, Facebook, Spotify, or Uber? 1. Facebook 2. Instagram 3. Spotify 4. Uber How You Can Cut Mobile Application Development Cost 1. Cross-Platform Development Tools 2. Build an MVP Before Creating an App 3. End-to-End Software Services Provided by the Same App Development Company 4. Use Packaged Mobile Software Development Solutions 5. Don’t Keep Dead Thing Alive Jump Into Building Apps Right Now! Prime Mobile Platforms Statistics and Market Share To give you a better idea of whether it makes sense to create apps, we have gathered some fascinating data relating to mobile platforms’ market state. You will uncover how many mobile apps people download every year, how they use mobile solutions, and what online services are most popular. Today, various mobile apps have changed pretty much the way we live our lives. Through current mobile solutions, we can do amazing things in a matter of seconds: keep track of our health, do business, education, travel or leisure, and interact with the world. Mobile apps have their moment during the novel coronavirus pandemic. Digital options played a huge role in online therapy, facilitating social distancing, and tracing contacts. Now, let’s study the market in greater detail. 1. Worldwide mobile apps revenues will triple by 2023 According to researchers, global mobile app market revenue generated $365 billion in 2018 and will triple within five years, gaining more than $935 billion in earnings. 2. Google Play and the App Store remain the two leading markets Google Play maintains a flagging position, delivering the biggest number of available apps. Launched in 2012 with 450.000 apps, currently, Android users can choose between 2.87 million apps. The App Store ranks the second-largest market. Rolled out in 2008 with 500 apps, now it offers almost 1.96 million available apps for iOS to worldwide audiences. And the number of applications has been continually boosting. 3. Average application cost The majority of apps are now free to download. In terms of monetization, applications may generate revenue in several different ways: advertising, paid downloads, subscription options, freemium and premium models, and some more. As of September 2020, almost 41.000 apps were priced less than one dollar in the Google Play store. When it comes to the Apple App Store, as of August 2020, the average price of iOS apps and mobile games was 0.85 U.S. dollars. While Google Play is the leading market in terms of apps available for download, the Apple App Store better manages to monetize mobile apps. Hence, the Apple App Store reached the impressive $19 billion mark, absolutely crushing Google with its $10.3 billion. All these figures are growing from year to year, prompting the market for mobile apps to extend.