Cost of Custom Software and Factors Determining the Cost
We all know about custom software, but not everybody knows the cost of building software from scratch. But, it is definitely something that many of want to know. The answer to this question is also very difficult, because it depends on so many different factors. No two software applications are entirely alike, and hence the cost will vary accordingly.
If we have to tell you in short – most of the software applications that is custom-built cost somewhere around $40,000 to $250,000. It includes the cost of designing and developing the software. The range is quite broad, and for many of you, it may not be very useful. But, as we all know, custom software can be of so many different types. Therefore, the cost will significantly vary. Software can be as simple as a calculator on your Smartphone or something as complex as an enterprise billing system that helps in supporting millions of users. As you can see, custom-built software applications are not the same.
If you want to know what the nature of your application would be, we are going to mention some of the important factors that will determine the cost of your software development project. All of these factors play a major role in influencing the cost.
Size of the Software
Any custom software development company will ask this question when you approach them. It is pretty straightforward. The more layers you add to your software in the form of pages, the more coding and work needs to be done in building the application. As it will demand more work, the price will be naturally higher. On the opposite end of the spectrum would be the ones that are small applications with less number of pages. Small applications usually contain 10 to 25 pages, medium ones usually contain about 25 to 40 pages, and the large ones have more than 40 pages.
Now, it is essential to understand what a screen means. It is usually anything the user can see at first when he/she opens the application. But, there are unique screens available too, that are present behind the menu click, link click, and button click.
It is essential to aware of the fact that there is a difference between a screen that allows you to view customer information and a screen that allows you to edit custom information. They might show the same information to you, but are entirely different in their function.
In general, small apps are known to cost around $40K to $75K, medium software applications cost around $75K to 150K, and large software apps are usually above $150K.
Complexity of the Software
When the software is complex, it means that it has a complicated logic. In such cases, you need to spend more time in testing and coding. It can be seen in cases where the application has to do much heavy analysis, number scrunching, or scoring. If your software has many permutations and nuances, it is naturally increase the complexity of the program. All of these factors will require the special attention on the part of the developers.
Creative Design of the Software
Creative design is the fun part of developing software. In this part you get to select the images, colour palettes, and fonts that you are going to use in the software. It may also include animations and custom illustrations if you want your application to be unique and sizzling.
It is similar to when you buy your wardrobe or a new house. You will have so many different options. Some options may be very extravagant, but others may range somewhere in between.
Having a budget of $8,000 to $16,000 is enough to take care of the designing needs, few rounds of feedback and re-designing. If you require more design and have a lot of artwork to include in your software, then the cost will be significantly higher.
Integration with Other Systems
There are lot of unknown variables that might be in the equations when you are planning to build software from scratch. You do not understand how well the information will go in and out from the system, and what kind of hoops you will have to jump through during the process.
Sometimes the integration can be effortless, but the rest of the times it is very difficult. Integrations that involve payment providers like Authorize.Net or PayPal can be integrated very easily. It is also the same in case of credit check services from Experian or Equifax.
The lesser known systems might be difficult to deal with, and hence might contribute to a rise in the cost.
Migration of Data
If you already have a system, you will have to transfer data to your new application from that former system. If it is something you can’t simply type, you may have to migrate it. The process of migrations involves custom scripts that will take the data out of the old system and reshape it in a way that it fits the new system perfectly.
The effort you spend in writing the scripts, performing adjustment and test, and writing the translation rules, will add significant amount of money to the overall cost.
These are some factors that may determine the cost of your software. T is better to discuss this with your developer and come up with a budget.