IoT App Development: How Much Does it Cost to Develop in 2021?
IoT Apps have already become a part of everyday lives. From ATMs to smart homes to energy management and now many other hardware devices are being equipped with this trending technology to make lives easier day by day. According to Gartner’s report, by 2020 there will be 20.8 billion connected things worldwide.
Looking at some more stats, by 2020 around 13.5 million connected IoT units in the consumer sector. While an approx of 4.4 million in cross-industry business (like HVAC, light bulbs, building management systems, etc.) and in vertical-specific business (Hospitals, tracking devices in Logistic ships, etc.) there will be approx. 2.8 million IoT units across the globe.
The Internet of Things industry is growing rapidly and there is a lot of opportunities in the domain for various IT enterprises dealing either in mobile app development or smart device manufacturing sectors. Developing an IoT application is a complex process as the technology is new and you need to make your app to be highly flexible and scalable. In this article, we are going to discuss the cost associated with IoT application development and the parameters that affect its cost.
What Factors Affect IoT App Development Cost?
There are many influencing factors that impact the cost of developing an IoT application or IoT solution. These factors can either be associated with the functionalities or individual IoT developers. We will discuss all factors one by one for better analyzing the budget required for developing an IoT app.1. Type of Application and the Complexity Associated with its Development
It is important to analyze the app type and the features that are required to be incorporated into it. Apps with a high level of complexity involved require higher development time and thus, the cost of development is high. It is highly recommended to analyze the app’s goal and features that are essential to incorporate into it.2. Team Size
The number of developers depends on the size of the project. Depending on the complexity and the scale of the project the number of developers in a team is decided. For example, basic application development requires; two developers, one designer, one tester, and one project manager. However, this size increases if the project is of an advanced level.
As in the advanced level of IoT app development, few new job roles increases like back-end developers, panel designers, business analyst, etc.
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