Pricing

Pricing for building bespoke software products

Pricing – 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 Pricing

Just like everything else in life, all custom software projects are not equal either. They differ based on not only individual software development companies but also the following high-level characteristics.

Technical Complexity

If your software projects are scientifically complex, it would add a lot to your software cost. Complexity could be a real-time collaboration between users of the app, video functionality with no lag, process flows with a lot of dependencies etc.

Features & Functionalities

The number of features you want is the biggest cost driver. Screens, buttons, fields involved, and the amount of logic required can cause the custom software cost to change drastically.

Third-Party Integration

Integration with third-party software systems such as payment gateways, maps, ERPs, or CRMs affect software development costs. Some of these integrations are straightforward but others can get complex and time-consuming for the software developer.

Custom Design

Custom user interfaces are rather complex to implement for the development team, so the cost of a custom interface will be higher than the cost of an interface built from standard components or with no design at all.

Components of software development costs

There are four major cost components for custom software development, and each one carries a different weight in the total pricing. Each component plays a critical role and is essential for a successful product development effort. Below, we provide a rough idea of the cost distribution for these major factors, particularly based on fixed-pricing projects. By understanding this distribution, you can better allocate resources and plan for a successful outcome.

Note: The cost distribution provided above is based on rough estimates. These software development costs vary based on size, complexity, and engagement model (i.e. the type of pricing model you choose, e.g. hourly rate, dedicated team etc.)

Average pricing of custom software

On average, the cost of custom software, based on its size and complexity, could fall in the range of:

The actual cost of custom software can vary significantly, as you might expect, depending on numerous factors. We can only determine an accurate scope after conducting a detailed discovery exercise with you. Additionally, terms like small, medium, and large are quite relative; their meanings can differ among individuals and various software development companies. Therefore, the estimates provided above aim to give you a general idea based on our experience delivering numerous projects over the past seven years.

Advice: Phase Aproach

Most software development companies adopt an iterative process, allowing you to avoid doing everything at once. Therefore, we recommend choosing a phased development approach for your custom software.

You can begin with an MVP (Minimum Viable Product) that includes only the essential features necessary to test the market. After launching the MVP, move on to Phase 1, which incorporates additional important features based on user feedback. Moreover, you can add further phases as needed, adapting to the evolving requirements of your project.

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