Mobile Application Development Procurement Intelligence
The global mobile application development category is anticipated to grow at a CAGR of 24.8% from 2024 to 2030.
Key factors driving the growth of the category include enormous penetration of smartphones across the globe, rising number of cell phone users utilizing internet, supplemented by uninterrupted and fast internet connectivity, and rising prevalence of advanced technologies in application development, such as artificial intelligence (AI) and machine learning (ML). The likelihood of using mobile devices, the internet, and various social media platforms is higher in sophisticated economies nowadays. Internet connectivity is more common among younger individuals, those with higher incomes and educational levels, and in both developed and developing nations. These elements will further propel the category. However, mobile application development requires significant investment and costs may vary based on different variables. This may hinder the growth of global category over the projected timeframe.
Order your copy of the Mobile Application Development category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Mobile Application Development Procurement Intelligence Report Scope
The Mobile Application Development category is expected to have pricing growth outlook of 5% – 10% increase (Annually) from 2023 to 2030, with below pricing models.
- Cost-plus pricing
- Fixed pricing
Supplier Selection Scope of Report
- Cost and pricing
- Past engagements
- Productivity
- Geographical presence
Supplier selection criteria of Report
- Industries served
- years in service
- revenue generated
- employee strength
- geographical service provision
- certification
- react native application development
- android application development
- iOS application development
- cross-platform application development
- hybrid application development
- maintenance & upgradation
- others
Mobile Application Development Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Mobile Application Development Procurement Cost and Supplier Intelligence
Infrastructure (hardware / software / network), labor, rent & utilities, training & certifications, and maintenance & upgradation are the key cost components of this category. Key factors that influence the cost of developing a mobile app include design complexity, platforms supported, features, security, location, and size of the development team. Development expenses are influenced by the complexity of the design, which includes custom visuals, animations, and transitions. In addition, the number of platforms that an application must support is another major pricing factor. Developing an app for both iOS and Android is nearly twice as expensive as creating one for just one platform. The cost of developing an android-based mobile app may take 3 to 10 months of time and can cost between USD 14,900 to USD 119,900, whereas, the cost of developing an iOS-based mobile app may take 3 to 8 months of time and can cost between USD 9,900 to USD 99,900.
North America region dominates the global mobile application development category, holding substantial share of revenue. Growth of the region is attributed to the proliferation of smartphones, rising in-app purchases, and a proportionally greater volume of downloaded applications. The United States is predicted to become a very lucrative market for mobile gaming applications when it comes to in-app purchases, premium mobile games, and a rapidly growing user base of mobile apps. Selecting a service provider that offers the highest level of security and least vulnerability in its tech stack, reviewing the work portfolio of the service provider’s previous projects to check if their expertise matches the requirement, and comparing the development cost of multiple service providers to ensure selecting the most efficient and best optionare some of the best sourcing practices considered in this category.
List of Key Suppliers
- Algoworks Solutions Inc.
- Appinventiv Technologies Pvt. Ltd.
- Clarion Technologies Pvt. Ltd.
- Designli LLC
- Emizen Tech
- Intellectsoft LLC
- ManekTech
- Mercury Development LLC
- Naked Apps LLC
- Prismetric Technologies Pvt. Ltd.
- Tekrevol LLC
- Toobler Technologies
Add-on Services provided by Grand View Research Pipeline:
- Should Cost Analysis
Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
- Rate Benchmarking
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
- Salary Benchmarking
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
- Supplier Newsletter
A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
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Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
