Do you know more than two billion people use online shopping globally? Ecommerce has become a requisite part of the retail ecosystem, and the latest statistics speak on its behalf. According to Statista, the eCommerce market share will witness an annual growth rate of 11.58% by 2025, with an estimate of 4,887.9 Million users across the world.
Are you looking for the most inerrant information on eCommerce app development cost and timeframe in 2023? Despite the content shock over the world wide web on eCommerce app development, this article will give you a clear view of the development cost and time required to build an eCommerce app for your business.
Ecommerce App Development Cost
The first question prominent startups or enterprises are keen to know the answer to is the cost involved in eCommerce app development. Depending on the features integrated into the app and the overall complexity, a simple e-commerce app costs between $30,000 to $80,000. Also, considering the custom requirements, features, and increased complexity, the overall app cost can vary. An eCommerce app with lesser features will be more affordable than one with major calculated features.
Factors Impacting the Overall Cost of the Ecommerce App
The overall scope of the app depends on the features integrated during eCommerce app development. Understanding that the app cost will increase with the increased feature list is essential. The tech stack used, integration of third-party APIs, and UI/UX Design are some of the other major factors affecting the app development cost.
Designing a visual architecture firsthand to create an overall mobile app layout is called wireframing. Building a robust app that is easy to use as well as scalable requires testing multiple wireframes. Since the wireframe features all the elements of the app, the wireframing cost can vary depending on the number of pages and the app’s complexity. On average, the wireframing cost for an app can range between $500 to $2,500.
The UI design is the second step of the mobile app development after the wireframing process. Designing an aesthetically pleasing app requires spending some large bucks compared to simple apps with a neutral design and tone. Paying attention to every minute detail while creating as per the brand’s persona and resonating the overall brand idea with the audience requires a more significant investment. Factors such as complexity and the number of pages to be designed can impact the average UI cost for an eCommerce app. On average, the cost can vary between $2,000 to $25,000.
The UX design is one of the significant areas where organizations are known to make budget cuts but offering a quintessential user experience to the customers is one of the fundamental reasons for an app’s success. Businesses looking to develop an eCommerce app with optimal conversion rates are advised not to overlook the UX design and consider it as necessary as other designing parameters. In terms of the average cost, the user experience charges for an app can vary between $100 to $15,000. The overall UX cost depends on the app’s complexity, timeframe, number of interactions, and more.
The estimated cost of eCommerce app development also depends on the platform needed to leverage. Deciding on what platform will be best for the brand’s user base is a cumbersome task that requires adequate market analysis and multiple buyer personas. It takes more hours to design and develop Android apps, but at the same time, they are the ones that offer higher profit margins considering a more extensive user base. The overall app platform charges for the eCommerce app depend on the primary platform chosen.
Development costs are the most vital factors affecting the app development process. Since every service and solution provider has its prices per the industry norms and the number of features to integrate into the app also plays a vital role, the overall charges may vary. The hourly rate of the developers further impacts the total development cost in addition to the timeframe and location of the company. On average, the development cost for an eCommerce app varies between $10,000 to $25,000.
Ensuring the app’s stability as well as usability requires multiple testing techniques to be employed. If you are a small-scale organization with an eCommerce app with a limited number of users, rigorous testing would not be a part of your development process. On the other hand, an eCommerce app that will handle a large user base will undoubtedly require alpha-beta testing, functionality testing, and more. On average, the testing charges for an eCommerce app varies between $800 to $30,000.
Other factors that impact the overall cost of the eCommerce app development process include maintenance, security, tech stack, licenses, app-store distribution, database, and CRM.
Ecommerce App Development Timeframe
The time taken to build an eCommerce app depends on multiple factors. For instance, if someone requires an off-the-shelf eCommerce store, the same can be made available in two to three days. In contrast, a full-fledged eCommerce app with more considerable complexities and better features may take up to 3 to 9 months.
Here is the estimated timeframe of the various types of eCommerce apps:
|Basic Ecommerce App
|3 to 5 months
|Basic features and a dedicated CMS
|Moderate Ecommerce App
|6 to 9 months
|Moderate feature list and an integrated CMS
|Complex Ecommerce App
|9 to 10 months
|Custom feature list, forums, blog, calendar, integrated CMS
According to the latest reports, more than 95% of purchases will be made via e-commerce platforms by 2040. With online shopping making a prominent mark ever since 2020, the eCommerce ecosystem is witnessing an unexpected surge, making it a lucrative market to dive into. Since it’s not always easy to keep up with this quantum jump, it’s necessary to understand how the cost and timeframe for eCommerce app development will look in 2023. Industry professionals can help you put things into perspective.