The Internet of Things has gained immense popularity in the last few decades. It has transformed the machines into life-like assets, and the impact is growing every passing day. Today, the ratio of communication devices is higher than humans, and they are making our lives more convenient and smarter than ever before. So, if you are also planning to develop an IoT app and wondering about IoT app development costs, this blog is right for you.
Also, research predicts that by 2025 we will have around 21 billion connected devices. However, this isn’t the only reason that is grabbing the attention; there are many more reasons why IoT app development is gaining immense popularity. It highlights everything about the cost of developing an IoT app.
Market Statistics of IoT App Development
Currently, IoT app development services are growing at a speed that we haven’t even thought of. The following market stats will help you get a better insight into the same.
- 65% of marketers believe that organizations that do not have IoT-based applications will lack behind in the coming years.
- As per Gartner’s report, in 2020, there will be around 20 billion connected devices, which will double up by 2024-25.
- Approximately 95% of the decision-makers expect their businesses to leverage IoT applications by the end of 2025.
- The 5G IoT endpoints base installment was at 3.5 billion in 2020 and will reach 49 billion by 2024.
- The number of online connected devices is forecasted to touch 28 billion by 2025.
These numbers indicate the ever-growing demand for top-notch IoT applications and their importance in driving business growth and productivity. So now that the reasons to step into IoT mobile app development are clear to you let’s start with the process to build an IoT app.
Impact of IoT on Mobile App Development
IoT mobile app development primarily focuses on customers and can be used in day-to-day life activities. It has left a massive impact on people’s lifestyles by making it easier and hassle-free. However, even the IoT development company professionals are aware that their applications lag as every new IoT framework takes place with much wider functionality and development possibilities.
As a result, such a situation left them wondering, ‘How to build a successful IoT app?’ or ‘How much does IoT app development cost?’ To ease the process, here is a complete process to develop an IoT app along with the impact of IoT on mobile app development.
1. Concentrated Human Effort
IoT Development offers compatibility over multiple devices and apps. It allows you to maximize your functionality and manage them all in one go. For this, IoT technology has become the one-point solution for all. IoT App development in recent few years allows you to switch on the light, track cab, ensure the security of your homes and offices.
The innovation allows developers to build a single app that works out perfectly for building multiple apps without any obstructions. Moreover, significantly reduced efforts provide an integrated user experience with the internet on various devices.
2. Shifted Focus On IoT-Based Apps
With IoT, more and more enterprises are on the verge to hire mobile app developers for creating apps that are much more efficient in providing a better user experience on mobile apps.
To get the most of it, every mobile app development company is trying hard to cross the competition threshold and provide more advanced solutions by using IoT development. For which trends are being adopted, the end-user experience is prioritized, and apps are more in sync with keeping IoT at its core.
3. Centralized App
It has started a whole new segment in our lives. The focus is to provide integrated rather segregated experiences on multiple devices. One platform manages all your needs, and with mobile apps, it is just improvising to great lengths.
Enhanced productivity, great visibility, and transparency in operations enhanced user experience and its cost-effectiveness, and low management cost has made enterprises convert to hire app developers with knowledge of IoT embedded technology development.
4. Welcome Hybrid Apps
And why not Hybrid Apps? It is a whole new idea. Hybrid mobile apps are just going to allow top app development companies to revolutionize the way we interact with inanimate things today. Technology is an integral part of our lives; we are looking eye in the eye in the future where everything, every aspect of our lives, business, or person, will be tech-driven. So blending Hybrid apps with IoT development is just going to grow.
The Tech domain will be using technology to build more profound UX/UI experiences by using advanced codes and coming up with more cost-efficient solutions like hybrid mobile app development.
5. High-End Security
IoT is inevitable; it is time to embrace the trend and just grow in various aspects of it. For the past year, there have been discussions in the technology domain regarding the security aspect of IoT App development. That was the first thing you would find if you googled IoT.
Let’s look deeply; it is true, it is highly prone to security threats. IoT allows unprecedented access from multiple points, making it open to any security breach. And one thing that this year is more focused on is security, and due to this, IoT has become the biggest trend ever. Unfortunately, data security is thus one of the major concerns that are yet to be resolved concerning this godly technology.
However, technology such as Blockchain is the Messiah. It has come to our rescue. Therefore, there is no need to introduce what Blockchain is. It has become one with the word technology in the past year. But there is still a long way to go; we must focus on building IoT-powered mobile app solutions that are just perfect from a security point of view.
It has not stopped enterprises from integrating IoT development in most complex business operations. For now, an extra layer of security is just helping them perform well and landing them more productivity for time. But it is still the key discussion for IoT app development.
So, this is all about the major impact that IoT applications are creating on the mobile app industry. Who doesn’t want to develop IoT applications with so much to offer? Don’t you? So, what are you waiting for? Let’s know the process to create successful IoT applications.
Step-by-Step Process To IoT Application Development
The following are detailed descriptions of the steps involved in developing an IoT app.
Step 1 – Get A Unique App Idea
Before investing in mobile app development, or IoT Software development, find out what makes your product unique and useful to the end-users. Also, you can compare the features and functionalities of your product with the competitors to ensure that your product is different. So, do some brainstorming to develop a unique IoT app development idea.
Step 2 – Choose A Suitable Platform
The list of platforms available to develop an IoT app is unlimited. So, before choosing any of the platforms, pay attention to the technologies they support and the cost to develop a mobile app using that platform. Some of the proven platforms you can choose from are –
- Oracle IoT
- Android Things
- IBM Watson
Step 3 – Pick A Hardware
If you don’t have the desired budget to produce your hardware for the IoT app, you can choose hardware from other device makers. Make sure the hardware should adhere to your project’s needs and must be reliable enough to utilize in your mobile app development project.
Step 4 – Focus On App’s Performance
Besides focusing on application development, designing, and hardware selection, make sure your IoT applications are extremely fast. The price reaches high when it comes to data sharing and controlling devices remotely.
But, this is mandatory because the IoT applications are completely dependent on connections. So, focus on performance and speedy connections while working on an IoT app.
Internet of Things (IoT): A game-changer in education industry
Step 5 – Keep Security On Priority
Finally, the last yet one of the crucial factors to consider during IoT app development should be security. An application with security concerns can never earn you success and profit. Here are a few points to consider for developing a secure mobile app.
- Use suitable IoT platforms
- Choose the hardware providers wisely
- Apply the best development practice
- Implement protected networks
- Take care of both network & physical attacks
These are some crucial steps that businesses have to take special care of while developing an IoT application. Adhering to these steps will help businesses develop an application that isn’t only secure but appealing enough to grab users’ attention at first glance. Talking about the cost, ample factors affect the cost of building an IoT app.
Major Factors Affecting IoT App Development Cost
Now that the step-by-step process to create an IoT mobile app is discussed let’s move to the crucial factors that affect the development process. Generally, the cost to develop an IoT app with basic features lies around $10,000 and $50,000 and keeps on varying depending on the following factors.
1. Design & Features
An application’s features play a major role in defining the success of mobile app development. So, the type of design and feature you choose greatly influence its costs.
Moreover, customer experience also matters, so keep the UX/UI simple yet intriguing enough to grab users’ attention. Along with this, including the right features in your IoT app. So, if you have a low budget, add basic features to an application.
Like hardware, the IoT applications’ infrastructure consists of three major aspects. Each of them contributes to the cost of mobile app development.
Your IoT application will not be useful at all until it is connected to a secure and error-free network. So, make sure to invest in secure networking while developing an IoT app. Also, remember that good application are always connected to short-range wireless networks and LPWAN, so focus on it.
There is no denying that third-party integrations have become one of the crucial aspects of mobile applications. Also, the middleware components act as an interface between IoT devices & third-party integrations. So, if you want to increase the stability of your IoT mobile and web apps, you need to integrate third-party integrations.
Cost & Time To Develop A Web Application
#3. Cloud-Based Storage
When it comes to data security, cloud-based systems are the right choice. So, investing in cloud-based IoT applications is one of the best decisions you can make.
3. Size & Complexity
Application size and complexity are also major factors affecting the IoT app development cost. For instance, if you incorporate some advanced features into your IoT, it will take more time to develop, and hence, the cost to develop a mobile app will increase.
Besides this, if you invest in IoT in smart home automation, it may cost less than developing an IoT app. So, the more complex the app will be, the bigger its size and the higher its cost.
As per the mobile app development company experts, the cost to build a mobile app also gets affected by the hardware components included. There are multiple hardware stages in IoT app development, and each of them contributes little to increase the cost of a mobile app. The stage comprises four stages, as highlighted below.
Stage 1 – App’s Analysis
In this stage, the IoT application development company experts started analyzing the scope and features of a particular IoT application.
Stage 2 – App’s Modelling
Next, the team of IoT app developers and designers will create a model or infrastructure of an IoT app so that the clients can have an idea of what their application will look like.
Stage 3 – App’s Prototyping
To get a final design layout of an IoT application, both the designers and developers have to craft multiple sprints, which fall under prototyping. This stage adds a little to the IoT app development cost.
Stage 4 – App’s Testing
Finally, the last yet one of the crucial stages is the application’s testing and maintenance. Once everything is finalized from both the professionals’ and the clients’ end, testing is conducted to deliver a 100% error-free application.
5. Development Team
Besides development, the mobile and web app development company professionals you also choose greatly affect the cost. So, you can lessen the cost by choosing the right hiring model for your IoT applications.
Generally, there are three ways you can hire web developers, i.e., part-time, full-time, or hourly basis. Whatever model you choose, just make sure to avail yourself of assistance from a leading mobile app development company in the USA or any other area.
Remember that the development location will also affect the cost to build an IoT app, so you have to keep this factor in mind.
6. Testing & Launching
Once your IoT application is completely designed and developed, it is time to test your app completely before launching it. Now, this factor will also influence your development cost.
Generally, there are two different types of testing available, i.e., manual and automated. If the mobile app development company incorporates manual testing, the prices won’t be that high, but the cost will rise if some tools and technologies are utilized for testing.
So, one of the best ways is to ask the IoT application developers regarding the testing process they will follow during development.
Simply developing an application doesn’t make any sense unless it is maintained properly. Generally, mobile app development professionals offer free app maintenance and support service for the first few weeks after IoT application development. Still, you need to pay additional bucks if you need post-development support and maintenance.
These are some major factors affecting the IoT mobile app development cost. Now that you are well-versed with the things that can increase or decrease the cost to build an IoT app, it is time to get started with the app development process.
Remember that every great thing comes from a list of queries, and IoT applications are no different. The following is the list of the common FAQs that people have while developing an app, along with the answers.
Let’s Get Started with IoT App Development Process!
The demand for IoT applications is increasing at the moment. Now, every user wants access to modern applications for a hassle-free lifestyle. So, in this ever-rising era of IoT mobile app development, let your business outshine by developing an amazing mobile application.
Now that you already have an idea of IoT app development costs, it is time to get started. Just get in touch with an IoT or wearable app development company professionals, and they will craft a top-notch IoT application for you.
Frequently Asked Questions
How IoT Application Is Beneficial for Businesses?
Nowadays, the Internet of Things has become a crucial aspect of our day-to-day lives. If developed professionally, smart IoT applications can transform your business to a whole new level. Some of the benefits you can experience with IoT app development are –
- Increased productivity & profit
- Cost reduction
- Improved customer experience
- Secure business applications
- New business strategies
How Much Does IoT App Development Cost?
On average, IoT app development costs around $10,000 to $250,000 depending on the project’s needs, size, features, complexity, etc. So, to get the exact cost of your IoT app, you need to consult the IoT app development company professionals. They will help you get an idea of mobile app development costs.
What Are the Applications of IoT?
There are multiple technologies utilized to develop an IoT application as it can adjust will all the technologies. Some of the common applications of IoT are –
- Fleet Management
How to Develop An IoT App?
This is one of the most common questions asked by the majority of businesses who are planning to create an IoT application. To build an IoT app, you need to follow a five-step process which includes.
Step 1 – Choosing a platform
Step 2 – Finalizing the hardware
Step 3 – Selecting app development platform
Step 4 – Starting design & development
Step 5 – Testing, Maintaining, & Launching an application
What Is IoT App Development?
IoT or the Internet of Things connects sensors and mobile devices to transform the data into useful information. IoT-based applications enable clients to get a better insight into a particular product or service with real-time data analytics. Such applications help businesses generate more revenue and improve customer experiences.