According to the Business Insider Premium Research Service, it is reported that India is 10X cheaper than the US in app development.
On an average across both the Android and the iOS, for the development of an app, it takes almost eight weeks and the cost would be around $48000 in the US. But studies show that the same app is 10X less expensive in India.
India beats the US in Mobile App Market Growth of Google Play Downloads in 2016
Businesses based in other countries like Europe, New Zealand, Australia etc. could also save costs if the apps are developed in India.
According to Google VP of Product Management, Caesar Sengupta, India’s developer community is set to reach around 4 million by 2018, making it the largest in the world.
In July 2016, Google launched Android Skilling in India to train Android developers and Apple has announced plans to open up a new iOS app Design and Development Accelerator in Bengaluru for local iOS developers.
According to reports, global gross app revenue will double to reach $102 billion by 2020. App monetization strategies need to be quickly shifted in order for developers to capture a piece of this growing market.