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How Much Does It Cost to Develop Custom Software: What Industry Experts Say

Edward Bailey
Internet junkie. Extreme web trailblazer. Coffee expert. Award-winning problem solver. tech-savvy
・2 min read

How much does it cost to develop custom software?

A question that we are asked quite frequently. And it’s a tough one, even for someone who has been developing software for over 15 years. Well, here’s our three-word answer: “It really depends!”

The cost of developing software depends on the requirements and various other software cost factors, and no two software projects are the same. In fact, ‘software’ is itself such a broad term that we cannot know the development cost for sure until we know what your exact software requirements are.

We wish that it was simpler to give an instant cost estimate and a time-frame, but without understanding the requirements and factors that determine software development pricing, it is almost impossible to say.

Let’s proceed with our discussion and find out what this really means for you. Read on to find out more about:

Software development cost breakdown
How average costs are estimated
What factors determine the final cost of software development.

What Kind of Software Do You Want to Develop?

In today’s tech-savvy world, the term ‘software’ can mean anything, from the weather application on your phone to a comprehensive enterprise software used by millions of clients.

Even ‘enterprise software’ is not specific enough. Businesses use a plethora of different software that enables them to operate efficiently, allowing them to perform and manage specific functions. Think about software for every single process, from vendor management, production, inventory, clients, and projects, to managing employees. All kinds of business software, from project management tools to ERP systems, are examples of the integration of business processes and software.

Business owners who want to equip their business with cutting-edge custom software, or entrepreneurs that want to launch software that will be “the next big thing” in the market, often reach out to us with their ideas. But giving precise cost estimates based on vague ideas is virtually impossible. Here’s an analogy that explains it better.

Read More here: https://www.goodcore.co.uk/blog/cost-to-develop-software/

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