Blog - Mobile App Development Company
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IoT (Internet of Things), since its advent, has revamped the paradigm of the IT world. It has put forth the idea of a better-connected ecosystem - bringing a drastic shift right from the way we drive to how we buy things, use energy at home, share information, and much more.
The technology has become so popular and imperative that it is predicted to generate a revenue of $26.66B by this year. Not only this, it is expected to enter many new business industries and enhance its existing services by collaborating with other advanced technologies like Blockchain (as Blockchain of Things) and 5G network technology.
All these statements highlight the future aspect of IoT and the fact that it possesses the potential to disrupt the industries. But, in case you are someone looking forward to knowing what exactly the technology mean for your business and what positive changes will it bring, scroll down.
Before we begin, let’s refresh knowledge about the IoT concept via this blog:- Explained: What is Internet of Things and How does it work?
Coming back to the main context of the article, here are some of the benefits that make considering IoT technology is a profitable business act:-
This has fostered the idea of remote monitoring and enhanced the work culture of the organizations.
Besides, it has also lower the demand of the human workforce, which results in lower spending over gaining the same amount of output.
Now as we have covered what makes an investment in IoT app development the need of the hour, let’s move to how much does it cost to develop an IoT app.
The cost of an IoT app, just like an ordinary mobile app, varies based upon the features and technologies involved. While a simple IoT application with basic device connectivity possibility and features cost for $30k to $40k, an IoT solution with advanced feature like app payment, geolocation, API integration, data encryption, content management system, etc. demands $50k to $80k for development.
To know how the cost varies and discuss your views on the growing IoT economy, contact our experts today.
AppInventiv Technologies is a leading mobile app development company with over 230+ apps built, offering iPhone, iPad, Android and web application development services.