E-commerce mobile apps, in the last few years, have gained a large market for themselves. They are widely used by businesses to boost sales and at the same time, customers find them easy to use. The digital revolution has shifted the user behavior to accept the practice of e-commerce and use associated mobile e-commerce apps, easily.
What is an Ecommerce app?
Ecommerce is also known as electronic commerce used for online transactions. Usually, people buy or sell products via an electronic medium referred to as eCommerce. The ease of shopping experience pushes the industry to offer a mobile app experience at best.
According to multiple credible sources, global e-commerce sales are expected to exceed 4.5 trillion USD by the end of 2021. The statistics clearly show the multidimensional expansion of the e-commerce business. The secret is out now, the market is exploding, and you can get a piece of the pie if you choose an eCommerce mobile app for your own business.
Top 5 ECommerce Applications Worldwide
What are the benefits of having an eCommerce app?
1. User Experience
A responsive website doesn’t take a while to load. They simply cannot compete with mobile apps’ quick display and loading times.
2. Benefitting from smartphone hardware
Apps, unlike websites, can access smartphone hardware such as the camera, geolocation, and so on. Users benefit from having access to geolocation because it allows them to have a more personalized and efficient shopping experience.
3. Push Notification
Push notifications are an excellent tool for attracting customers and convincing them to open the app. Notifications about special offers, limited-time deals, and so on are an excellent way to boost sales.
4. Increase invisibility
If you have an e-commerce app on your phone, chances are your user will use it once a day. When users open an app and see interesting products or deals, they usually begin browsing and end up purchasing something.
5. Increased conversions
According to research, people who browse through mobile apps view more products than website users and complete more transactions successfully.
6. Analytics for business
Businesses can better understand consumer behavior by collecting and analyzing data through apps. This allows them to personalize product offers, which increases user engagement and satisfaction.
Why is investing in an eCommerce mobile app the right choice?
Research predicts that by 2040, more than 95 percent of purchases will be made through online platforms. That should give you a better picture of the eCommerce business market and its seemingly limitless possibilities.
However, when it comes to numbers, it has been stated that the global e-commerce business will grow to 3.2 trillion pounds in sales by the end of 2021, and that is just the next year. If you’re having trouble wrapping your head around these figures, let me break them down to the country level for you. The convenience of e-commerce shopping is the sole reason for the global success of eCommerce businesses. Products are being sold on platforms such as Amazon, eBay, Etsy, Flipkart, and many others by everyone from large corporations to street vendors.
In terms of convenience, here’s an amusing fact: according to a recent survey, 43% of people buy things online while lying in bed. It doesn’t take a rocket scientist to predict that the e-commerce industry will explode, and the e-commerce mobile app will be the driving force behind this market’s explosive growth.
What Are The Types of Ecommerce Apps?
- Business-to-Business (B2B)
- Business-to-Customer (B2C)
- Customer-to-Business (C2B)
- Customer-to-Customer (C2C)
- Customer-to-Administration (C2A)
What are some common features of an eCommerce mobile app?
Features of a consumer panel:
1. Product catalog
2. Product section
3. Personalized Results and Notifications
4. Wishlist and cart
5. Product specs comparison
Features of a vendor panel:
1. Registration and Login
2. Active Subscription section
3. Setting up and Management of Multiple Stores
4. Automatic adjustment of Inventory on sale
5. Maintaining Catalogues and Orders
Features of an admin panel:
1. Login operations
2. Dashboard Management
3. Manage Users
4. Manage Product category/subcategory
5. Manage Promotions and subscriptions
What are some advanced features of an eCommerce mobile app?
1. Personalized Home Page
Usually, eCommerce apps have similar home pages for every user but you can customize the home page as per the user’s behavior. A personalized home page increases conversion rates because users will love to shop for more products if they easily access their favourite products on the home page.
2. AI Chatbot
Chatbot integration enhances the interactivity of any eCommerce app. A chatbot responds to general customer questions. A smart or AI chatbot saves a significant amount of time and human resource investment.
3. Voice Search
The apps are taking a minimal touch approach with their user interface. Here, voice search can really modify the otherwise tedious search process.
4. Advanced product specs
While developing an eCommerce mobile app, one should always focus on creating realistic displays of the products. For instance, providing 3D images of the product, enabling AR/VR, and enabling high-quality zooming assures users of the product quality and convinces them to trust the brand.
5. Robust CRM system
An efficient customer relationship management (CRM) system assists you in carrying out a variety of tasks in order to achieve its goal, which is to manage a long-term relationship with your customers.
6. Real Times analytics
Real-time analytics data is extremely valuable for an eCommerce mobile app. It displays real-time data from your mobile app about transactions, online users, the most popular item or service purchased, the most active regions, and so on.
What are some factors affecting the cost to develop a bespoke eCommerce mobile app?
There are numerous factors that influence the overall cost of eCommerce app development. These elements can have a significant impact on the cost of eCommerce application development. Following are some factors that come into play while budgeting for the development of the app-
1. The volume of features
The cost of developing an MVP version versus a full-fledged app can vary. As a result, you must decide what type of app you want at the outset of your eCommerce venture.
2. The number of platforms
It is a critical decision to make before proceeding with app development. The cost of developing your e-commerce app will vary depending on the mobile app development framework you choose. Your application can be a native app, a web-based app, or a hybrid app. You can choose whether your app will run on Android or iOS, or you can opt for cross-platform app development to create an app that will run on both Android and iOS.
3. Design of the app
For an e-commerce application, the visual impression that an app creates is critical. As a result, app design is an unavoidable factor in e-commerce app development. The app design is divided into several sections, such as logo design, screen design, icon design, and so on. The cost of developing an e-commerce app will vary depending on the level of branding or customization desired.
4. Hiring a development team
Having your own in-house team will cost significantly more than outsourcing the development project to a reputable company. Outsourcing your app development can reduce the overall cost and saves hiring time. There are top mobile app development companies in the UK such as Auxano Global Services. We offer flexible hiring models on a part-time, full-time, and hourly basis.
The cost of developing a mobile app varies depending on where you live. Typically, developers charge on an hourly basis. Complex applications take more time to develop than simple apps. E-commerce applications take some time to develop, so development time is a significant cost factor. An eCommerce app development cost varies as per geography region such as $40,000 to $1,00,000 in the US, $20,000 to $45,000 in India, $30,000 to $70,000 in Australia.
6. Maintenance of App
This is one of the intangible factors that influence the cost of developing an e-commerce app. We frequently overlook it at the start of the app development process. However, it is an unavoidable aspect of the long-term viability of apps. The platforms on which we build the app, such as Android or iOS, receive system updates at regular intervals. When this occurs, your app may need to be updated in order to function properly in accordance with the new platform updates. As a result, when estimating the cost of developing an app, it is critical to consider this factor as well.
What is the cost of building an eCommerce mobile app?
After reading the final section, you will have a better understanding of the various factors that influence the cost of e-commerce app development. Now, let’s get into the numbers and see how these variables affect the price.
1. Cost of wireframe
The creation of wireframes is one of the first and most important steps in the development of a mobile app. What exactly is a wireframe? Consider it the blueprint for your mobile app. A wireframe is a detailed layout of app screens and arrangements, as well as other visual elements such as buttons, icons, and so on.
Typically, mobile app development services will create multiple wireframes before settling on one after consulting with the client. Wireframe costs are generally computed based on the number of screens and their complexity. A wireframe for a unique screen may take 1-2 hours, while a supporting screen may take half an hour.
2. Designing costs for UX and UI
Following the creation of wireframes, the next step is the creation of UI and UX design. It is critical for an e-commerce application because it plays an important role in attracting and retaining customers as well as improving conversion rates. The UI design also varies depending on the app development platform. Android development generally sticks to the Materials Design guide, whereas iOS development sticks to the Human Interaction Design guide. This influences the cost of app development.
The UI design is concerned with visual details such as buttons, fonts, animations, and so on. A typical app with simple screens may necessitate 90 hours of UI design. UX design is concerned with providing the best possible user experience by taking into account workflows, interactions, and so on. On average, a simple UX design can take up to 30 hours. As a result, the average cost of UI/UX design ranges between 2000 to 2500 USD. It could reach 30000 USD for high-complexity applications.
3. Cost for development
The development cost of an e-commerce app accounts for a sizable portion of its overall cost. It is the stage at which apps are created using codes. The number and skill of developers are determined based on the complexity of your application. The time required to develop an e-commerce application with basic features ranges between 600 and 900 hours. In general, the cost of developing a typical e-commerce application ranges between 20,000 to 1,00,000 USD.
4. Costs for testing
Testing is an essential component of app development. Testing ensures that your app is functional and free of bugs or issues. The scope of testing is determined by the size of the e-commerce application. Complex applications with advanced features intended for a large target audience would necessitate more extensive testing than small applications intended for a small user base.
Testing time is typically 12-15 percent of app development time. As an example, if the app development time is 600 hours, testing will take 90 hours. On average, the cost of testing and deployment ranges from 1000 to 2000 USD.
5. Additional Costs
Aside from the costs we’ve already discussed, some minor expenses arise during the development of an e-commerce app. These include platform license fees, equipment costs, maintenance fees, database and server fees, and so on.
On average, the total cost of developing an eCommerce app ranges between 40,000 USD to 120,000 USD. This is determined by the app’s complexity, features, and all of the other factors discussed in the previous section of this blog.
Auxano Global Services is a bespoke mobile app development company specializing in creating e-commerce mobile apps and a wide range of other app development projects. We have developed applications for various industries like finance, healthcare, sports, and even small business sectors.
Our app development team has the best in-house and experienced developers offering awesome UI designs, app solutions, eCart development, and marketing solutions. Witness a cutting-edge solution that helps your business to achieve its goals by providing exceptional services. Contact us Now.
Frequently Asked Questions
1. Why invest in an eCommerce app?
As per the research, “more than 95 percent of purchases will be made through online platforms by 2040.” Also, The global e-commerce business will grow to 3.2 trillion pounds in sales by the end of 2021, and that is just the next year. Therefore, creating an E-commerce application is not only profitable as well as a sustainable idea.
2. What are the advanced features of an Ecommerce app?
AR & VR technology is offering so many advanced features for ecommerce apps development services such as shopping mirror features, AR shopping, and VR trials. Voice search and AI chatbots are also impressive features.
3. How much does it cost to create an Ecommerce app?
The Ecommerce app development cost relies on different factors such as development time, features, app complexity, developers geography, and more. On average, the total cost of developing an eCommerce app ranges between 40000 USD to 120,000 USD.
4. What are the things to consider while creating an Ecommerce app UI?
User Interface is a very important factor in any mobile app including an eCommerce application. All you have to do is to create a simple but effective UI with all the key elements around the thumb area. Try to reduce the cart steps to enhance sales.
5. Which is the best bespoke ecommerce mobile app development company?
6. Where can I go for more information about eCommerce app development services?