How much does it cost to build an Internet of Things app?

Standard price for an Internet of Things app: $37,500

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What is an Internet of Things app?

An Internet of Things (IoT) app is a web, mobile, or desktop application that enables users to view and control devices connected to the Internet. IoT apps typically include dashboards for viewing data from different types of devices in real-time or historical views. The dashboard may be hosted on a cloud platform, accessible via a computer terminal, or integrated directly into the user interface of the device itself.

IoT apps are similar to any other automation app with internet-connected sensors that track data, such as fitness apps, Health Care apps, and home automation apps. Nest, Vera, and Wink are all examples of IoT apps.

Here are some recent Internet of Things app examples built with Crowdbotics:

  • A BLE control app. Base app will have several functions. Menu organized by device name, device type, or via a QR code. All functions/data will live locally in the app not in the cloud. The app to be mobile and downloadable in app stores.

  • Physical device is a Bluetooth Buzzer that goes into bars. Bar manager would connect device to their phone and select a local team.

  • The app will have an "AWAY" mode in the app that will trigger an alarm in the phone when a door/window is opened rather than a simple notification.

What is the typical cost to build an Internet of Things app?

An Internet of Things app usually costs $37,500 to build. However, the total cost can be as low as $25,000 or as high as $50,000. An Internet of Things app with a low number of features (also known as a "minimum viable product", or MVP) will be more affordable than an app that includes all intended functionality.

For example, here are some recent Internet of Things app price quotes from Crowdbotics:

  • $27,500

  • $23,000

  • $10,000

Here are some considerations that may impact the cost of an app:

How long does it take to build an Internet of Things app?

An Internet of Things app usually takes 269 hours to build. However, an Internet of Things app can be built in as few as 67 hours, or in as many as 467 hours. The exact timeline mostly depends on how complicated your app is. As a general rule, it will take longer if you require highly custom designs, niche features, or non-standard release platforms.

For example, the most recent Internet of Things apps built with Crowdbotics received the following hourly estimates:

  • 367

  • 307

  • 133

How to successfully grow your Internet of Things application

An IoT app expands its user base by providing a set of APIs that other developers can integrate with their own apps. This makes it easier for customers to connect the devices in their everyday lives, and it also helps to attract new customers who use products from other companies. The success of an IoT app depends on how easy it is for developers to program the APIs, as well as how attractive the incentives offered by the app are.

Risks and challenges of building a Internet of Things application

The IoT is an area of concern for consumers and legislators, and a security breach of an IoT device can result in potential liability for the developer. In order to protect yourself from such risks, it is recommended that you include privacy policies within your app that provide notice to users about the collection of user data by your app or its third-party providers. You should also leverage secure communications and encryption technologies to ensure that sensitive data is not compromised within the device-to-app interface or during transmission over the network.

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Some of the descriptions on this page were completed with AI assistance. Learn more here.