Market growth is contributing to the growth of augmented reality. According to a report, the installed base in 2019 approached 900 million, with revenues exceeding $8 billion. It's expected that by 2024, both indicators will reach 2.5 billion and $60 billion, respectively. Mobile augmented reality platforms based on messaging are forecast to be the major platform type for the next few years. It is likely that advertising will be the main revenue stream, with much of that spending going to sponsored content and user-generated content such as filters and lenses.
Estimates Of AR Cost
AR app development cost estimates are the only thing there is when it comes to pricing. There are numerous varieties of augmented reality apps that come with different costs. A feature-rich, custom app that may take 9 months can cost over $300,000 for a simple demo app that takes 160 hours to build.
It is impossible for estimations to consider the unforeseeable risks that need expertise and experience for them to be considered. Unexpected challenges are more likely to occur with a more complicated app.
Augmented Reality Application Development Time Is Affected By Several factors
Whenever you develop a mobile app, multiply the specialists' rate by the daily required time to achieve the project to determine the development cost. The variables that determine them can be pinpointed by understanding the factors that determine them. Some of those factors that affect augmented reality application development time are:
1.What type of AR content/features are included in the app, and whether they are of high quality.
2.You have to take into account whether your mobile app contains numerous features, the complexity of its logic, its monetization model, the requirements for the UX/UI design, and the amount of quality assurance and project management work involved. There will be a cost associated with APIs, servers, and databases. Furthermore, the more complicated the app, the higher the likelihood of unforeseen changes and technical challenges.
3.Your app will be published either on the Apple App Store, Google Play (GP), or both. A published app on GP takes four hours to publish; meanwhile, the app on AAP will take eight hours to publish. It tends to take longer to develop Android apps than iOS apps, so the development costs are higher.
4.Competence and expertise of the development team. Team members with higher qualifications work faster and make fewer mistakes.
Cost Predictions For Augmented Reality
When determining the cost of developing an AR app, three components should be considered and incorporated: scope of work, timeline, and development team:
A scope of work that comprises the scope of features, the complexity of the logic of the app, as well as necessary development work including QA, project management, publishing in app stores, post-launch support and maintenance, etc.
1.Fast deadlines cost more money: the tighter the timeline, the more expensive development (with prototypes and MVPs as exceptions).
2.Costs incurred by the development team include the timeline times the hourly rate. The hourly rate varies depending on the experience and location of the team members.
3.In regards to complicated, customized apps: the more customization an app requires, the more price volatility there is when determining the price, and therefore the greater the price for integrating Augmented Reality into an app.
Developing Applications At A High Rate
Based on the developers' location, the hourly rate varies. From west to east, rates decrease: the highest rates are found in the US and Canadian-based companies, followed by Western European companies. Later, the region will be followed by Latin America and Eastern Europe. The lowest development prices are found in east-Asian countries, such as China, India, and Vietnam, but low prices can mean they are the cheapest. When selecting a development team, you should also take cultural differences into consideration.
Clutch, a Washington-based research organization, has the following development charges on its website:
- North America: about $150 per hour
- South America: about $30-50 per hour
- Western Europe: about $70-100 per hour
- Eastern Europe: about $25-30 per hour
- India: about $15-30 per hour
- Australia: about $ 100-110 per hour
In most cases, unless specified otherwise, the hourly rate includes the per-hour work rate for each member of the team regardless of the amount or complexity of the work.
Choosing a professional that places a high value on their work is important. It is important to hire the least expensive development team on the market, not the most economical developer. App development lottery winners might not win—and sometimes they don't.
Hiring good developers who master their skills and invest their time and money into mastering them will result in quality and lower costs for developing Augmented Reality apps in the future.
To Conclude
The complexities of augmented reality can sometimes delay project completion since these types of tasks are often hampered by unforeseen issues. Thus, to achieve business goals, it is very important that you hire augmented reality developers who are familiar with your business. A quality consulting company should be able to offer a tailored solution unique to your needs and should keep every promise made.
Launched applications generate revenue and spend money. Payments might be required to subscribe to services from 3rd parties, to keep servers running, and to upgrade the app. A poorly designed system quickly deteriorates, frustrating end-users and generating bad press for the organization.
To ensure your app is functioning correctly, it is important to assign someone to oversee it or assign a team to do so. By using this method, you can reduce Augmented Reality's price.
