However, when it comes to creating a mobile app, there is always a dilemma for businesses which is whether they should build native apps or cross-platform apps. Certainly, building cross-platform apps is more beneficial and cost-effective because they can function on both Android and iOS devices. Therefore, investing in a cross-platform app is a wise decision. 

Flutter framework has become a primary choice for many businesses wanting to build a cross-platform mobile application. If you want to know what is Flutter and how it is useful for developing your own mobile app, stay tuned to this Flutter app development guide for all details. 

Let’s Know a Bit About the Flutter Framework

Starting with understanding what Flutter is and why it came into being. Basically, Flutter is a feature-packed UI toolkit, which is not a framework or library that is used with other technologies, but a complete SDK (Software Development Kit). Google has created the Flutter UI framework and it’s open-source. 

An SDK is a complete package of libraries, frameworks, APIs, tools, and other components required to develop a software or application. Thus, Flutter has all the features and tools to build robust mobile apps. It can be referred to as a framework that not only provides the necessary functionalities but also a structure to build an app from scratch.   

Flutter has solved many problems for app developers faced when developing apps for multiple platforms. Thanks to the Flutter framework developers can now build apps that are supported on every platform such as Android, iOS, Windows, Linux, and macOS. A single codebase is sufficient to make a cross-platform app. 

Hence, businesses can leverage Flutter app development services to create mobile apps that are supported on both Android and iOS mobiles. While you require multiple versions of your code each for different platforms with native apps, with Flutter a single codebase will function on all platforms. 

Now you know what is Fluttter, you might be thinking what does it benefit? It is good to look at Flutter’s pros and cons before making a decision. There are many benefits of Flutter for app development and let’s see some of them here. 

What are the Benefits of Flutter Framework?

1. Rich Libraries

One of the pros of Flutter development is the availability of many feature-rich libraries. Skia is one of the excellent libraries in Flutter which is a graphics library for creating some amazing visuals. It’s a 2D graphics library that offers APIs to work with different hardware and software platforms. 

Skia redraws the UI whenever there is a change in a view. Consequently, this offers a smooth user experience and makes the UI more responsive. The library is also a graphics engine for Chrome browser and ChromeOS. 

2. Engaging UIs

Flutter app development provides ready-made widgets and other UI elements that can be directly used. Unlike other UI approaches like views, layouts, and controllers, the widget-based UI with Flutter provides an easy development process. In Flutter everything is a widget be it a button, font, or anything else. Developers can use various widgets to build complex UIs. All you need is to hire Flutter app developers to develop engaging and complex UIs. 

3. Speedy Development

Speed counts when it comes to app development and the Flutter framework nails it. Flutter offers a “hot reload” mechanism that shows the immediate effect of changes in code on the app. This feature provides many advantages, especially when it comes to developing and testing the app. Hot reload is quite beneficial in quickly and easily fixing bugs, adding features, building UIs, and experimenting. 

In order to work with hot reload, developers need to inject the files with updated code into running Dart Virtual Machine. Flutter automatically recreates the widget when the classes and functions are updated. In simple words, it is useful for faster development and testing. 

4. Cross-platform Development

Flutter is meant for cross-platform application development. So, choosing the framework allows you to make one app that functions on all types of mobile devices. So, there is no need to create separate apps for Android and iOS devices. Flutter development will make your app compatible with both Android and iOS devices. So, you can choose either Android app development services or build a cross-platform app. 

5. Compatible with Older Devices 

It is really a challenge for developers to quickly keep up with the updated versions of platforms, especially when they are pushed out to users regularly. However, Flutter application development reduces this risk by making an app compatible even with older devices. An app feels the same even if it runs on an older device. 

Are There Any Downsides with Flutter App Development?

After going through the different benefits of Flutter app development, you may wonder if there are any drawbacks to using Flutter. Don’t worry! This section is dedicated to dispelling your suspicion and highlights some of the cons of Flutter. Let’s check them out. 

1. Hefty File Size

The typical file size of a Flutter app is comparatively large because of the widgets it uses. These files take up more space and are difficult to update. A mobile app development partner can help to optimize the app and keep the size in check. 

2. Complex Updates 

Flutter module updates are required to update the requirements with a particular OS. Since modules are intertwined with an app, this needs to be recompiled or rebuilt to incorporate changes. 

3. Limited Tools

As a newer framework, Flutter is packed with limited tools and libraries that will keep growing over time. 

You can overcome many of these challenges with the right development team. Choose a mobile app development company with the right skills and experience. 

How Do Businesses Benefit From Flutter Mobile App Development?

Businesses looking for a framework to develop their mobile application can choose Flutter development for many reasons. The following are the top reasons for choosing Flutter to build mobile apps. 

1. Versatile Framework

For the comprehensiveness of the Flutter UI framework, you can use it for multiple solutions. Therefore, it is not just suitable to create cross-platform applications but also for developing an MVP (Minimum Viable Product). There are lots of features that make Flutter a good choice for developing MVPs. 

Besides MVP and mobile apps, Flutter is used to develop applications for web and desktops. Benefits such as scalability, cost-efficiency, improved performance, and compatibility with multiple platforms make Flutter a go-to choice for web application development. There are many features to develop a Flutter web application. 

Hence, businesses can deploy Flutter to build a single app that targets all platforms be it mobile, desktop, or the web. So, it’s no surprise that you can even think of Flutter Windows app development. 

2. Cost Efficient

The cost of developing native apps is quite higher because of the different codebases for various mobile platforms, Android and iOS. Luckily, Flutter mobile app development eliminates the need to create separate codes for different platforms. Therefore, the cost of developing mobile apps is comparatively lower with the Flutter framework. 

Another way Flutter saves costs is by not forcing to use other technologies for app development. Indeed, many other frameworks or libraries require other technologies to use them in development. But as an SDK, there is no need for additional technologies with this framework to create apps. In addition, the apps built with Flutter are readily functional on multiple platforms. 

3. Fast Time to Market

The advantage of using Flutter for app development is also in terms of faster delivery of the app. In comparison, Flutter will take half the time than what it would take to build the native Android and iOS applications separately. There is a simple reason for this, your app doesn’t need any platform-specific coding, and a single codebase is created for all platforms. 

Therefore, Flutter app development allows you to quickly develop and launch your mobile. In today’s neck-and-neck competition developing and launching a product faster can provide you an edge over competitors. Flutter is the right toolkit to make this happen. 

4. Full Support from Google

You can rest assured of technology as long as it is provided by a credible developer. In the case of Flutter, you can be confident, because it is backed by one of the top tech giants Google. So, you can be sure that your app will not break due to outdated software. Due to Google’s support, Flutter is constantly updated, new versions are rolled out, and bugs are fixed. 

When is Flutter a Good Choice for App Development?

So, what types of apps is Flutter suited for? When should you use it for developing apps? These are some of the questions that this sector will answer. Flutter mobile app development is suitable for a wide range of applications no matter which platform you plan to target. Let’s see the types of apps where Flutter is best suited. 

• On-Demand Sevices Apps
• Health and Fitness Apps
• Education and eLearning Apps
• Social Media and Networking Apps
• Productivity and Business Apps
• Multimedia Apps
• Entertainment Apps
• Banking and Fintech Apps

Examples of Apps Built with Flutter

• Google Ads
• Alibaba Group
• BMW
• Google Pay
• ByteDance
• eBay

Why Choose Flutter and No Other Framework?

There are lots of app development frameworks out there to choose from, then why should you choose Flutter only? There are many reasons why Flutter app development is a better choice than other frameworks available out there. Let’s check these reasons with a quick comparison of Flutter with other top frameworks. 

1. Flutter vs React Native

One of the biggest competitors of Flutter is React Native which is a pretty amazing UI toolkit for developing cross-platform apps. It’s based on JavaScript and builds apps for almost all platforms out there. 

Nevertheless, Flutter outperforms this framework in many aspects. Flutter provides you with natively-compiled apps for mobiles, desktops, and the web. That means the source code is converted to the machine. So, these apps can work at a low level. 

With Flutter’s Dart programming language, Flutter offers Just-in-Time (JIT) compilation which means the code is compiled at the time of execution. It also works on a reactive programming model. 

More on Which one to Choose Flutter or React Native?

2. Flutter vs Ionic 

Ionic is also a very good app development framework used for creating hybrid apps. It uses basic web technologies like HTML, JavaScript, and CSS to build apps. This framework provides features to develop excellent apps but lacks compared to Flutter in many ways. 

Apps built with Flutter are way more fast than Ionic because Dart code is compiled into native code. Since Ionic uses web technologies, the apps built with it fail to offer native-like performance. 

As a relatively new framework, Flutter offers modern features and development practices compared to Ionic. Flutter apps offer a native-like look and feel compared to apps built on Ionic. 

3. Flutter vs Xamarin

Xamarin is created by Microsoft and it is also a popular mobile app development framework. It uses the .Net platform for developing apps. While it is a feature-packed framework to build mobile apps, it is not as good as Flutter. 

Xamarin uses two separate codebases for developing apps for Android and iOS. On the other hand, Flutter builds a single codebase that can function on every device whether iOS or Android. Flutter has a shorter learning curve while Xamarin has a steeper learning curve. 

Due to its unique widget approach, Flutter app development yields faster apps than Xamarin. The Flutter community is growing and there are tons of resources for this framework where Xamarin lags behind.  

4. Flutter vs Titanium

Appcelerator Titanium is one of the popular app development frameworks. It helps to build cross-platform apps with custom features. Just like React Native, it uses JavaScript for developing apps for Android and iOS devices. It offers many excellent features, but there are areas where it falls behind the Flutter framework. 

With its built-in rendering engine, Flutter offers smooth transitions and animations than Titanium. It also offers better performance with many in-built features. The hot reload feature of Flutter empowers developers to see the effects of their changes in code in real-time. Thus testing and development are faster with Flutter than with Titanium. 

Flutter offers more customization of UI with various widget options. It allows developers to build complex UIs with different combinations of widgets. 

How Much Does Flutter App Development Cost?

There are lots of things on which the cost of developing a Flutter app relies. So, it is not easy to answer this question until you specify your requirements. The cost can vary based on the type of app, complexity, features, third-party integration, and more. 

Typically the cost of Flutter app development can be between $20,000 – $250,000 which can rise further with the requirements and complexity. 

Should You Choose Flutter for App Development?

Flutter is undoubtedly a great framework for app development, but it may not always be the best choice. But is Flutter good for app development? It’s a question that needs to be answered to pick the best technology for developing your mobile app. Going through the pros and cons, business benefits, and comparisons with other frameworks can help you make an informed decision. 

Flutter is one of the best mobile app development frameworks today used by various businesses to create their apps. The statics by Statista is a testimony to this fact that shows it is used by 49% of developers and a very popular framework. Flutter outperforms most frameworks in terms of performance, UI customization, and development speed. 

It has amazing features like “Hot Reload” which no other framework offers. You need the right Flutter app development company like MobileCoderz that has solid experience in Flutter development. Our developers are proficient in this framework with all the ins and outs of it. We are one of the leading mobile app development companies with years of experience. 

FAQs

What is Flutter Mobile App Development?

Flutter is a popular cross-platform app development SDK which is open-source. It is used to build different types of apps with speed and quality. 

How much it costs to develop a Flutter App?

Flutter development cost varies with the complexity of your project, requirements, third-party integrations, features, and more. 

Is Flutter suitable to build startup apps?

Yes. Flutter is a versatile framework and can be used to build apps for various businesses. Startups can leverage it to develop engaging apps and save money with a cross-platform app. 

Is Flutter a UI library?

Flutter is a collection of libraries and other development tools. It is a complete UI SDK (Software Development Kit) that offers everything to build excellent apps.

The post A Complete Flutter App Development Guide: The What, Why, and When appeared first on MobileCoderz.

FinTech mobile apps are designed to provide financial services at users’ convenience with better satisfaction than traditional platforms. The success of various FinTech apps has attracted many entrepreneurs to make their own apps and churn out profits.

This is possible that you are also planning to create a FinTech app that inspired you to read this blog. You are at the right place. This comprehensive fintech app development guide will provide all the information that you need to build your own FinTech application.

Whether you are a startup, an aspiring entrepreneur, or an established business, this guide will give you in-depth insights from conceptualization to development of a fintech app. This will help you make the right decision.

Let’s dive into the details.

What is FinTech App Development?

Let’s begin with the basic question of what a fintech app is. A financial technology application contracted as FinTech App is a mobile application to offer financial services such as online banking, stock purchasing, investing in insurance, and more. These apps make the smart use of technology to provide financial services to businesses and individuals.

FinTech app development is the process by which you will build a mobile app to offer financial services. This process entails several phases starting with the ideation up to testing and delivery. A combination of skills, experience, and knowledge of the financial sector is required to build finance app development.

A typical fintech mobile app development process looks like this:

• Defining the goals
• App design
• Backend development
• Testing
• Deployment and maintenance

These phases could vary based on the development process followed such as Waterfall, Scrum, Agile, etc. Today, agile is considered to be the best methodology to develop mobile apps. It offers the scope for creating code in batches and reviews for client feedback.

Let’s See the Different Types of FinTech Mobile Apps

Fintech mobile app development services help you build various apps for different purposes and target audiences. There are a few types of fintech apps that are very popular and you can check them in the below section.

• Banking Apps
• Insurance Apps
• Investment & Cryptocurrency Apps
• Lending Apps
• Budgeting Apps
• Digital Wallet App

Useful for you: Digital Wallet App Development Guide

Examples of Fintech Mobile Apps 

• Geico: It’s a fintech auto insurance app.
• Robinhood: A fintech trading app with nice features.
• Starling: It’s a fintech banking app to allow users open accounts for free without documents.
• QuickBooks: A very popular fintech accounting app to manage accounts and money.

Must Read: Innovative FinTech App Ideas 

Must-Have Features for FinTech Mobile App Development

The features and functionalities of your mobile app determine how usable it is and whether it meets users’ expectations. This is crucial in deciding whether your app will succeed or fail. Your fintech mobile app will be handling the sensitive financial information of your customers. Hence, it is essential that your app is user-friendly and secure enough to protect customers’ data at the same time.  

 Let’s see the must-have features of a fintech application. 

1. Registration and Authentication 

A fintech app allows users to register themselves by creating a user account. Since finance mobile apps allow financial transactions and even keep their record, strong user authentication is required to identify every individual user. You can integrate user authentication features with a login form or OTP (One Time Password) based system. The app should also allow users to change their passwords securely if they forget.

2. User Account

The user account in a fintech mobile app provides various features such as accessing services, tracking transactions, and managing personal settings. Users can access all the fintech app features that are specifically available to them. 

3. Adding Bank Cards 

Since a fintech app provides an easy way for online transactions, the users should be able to add their bank cards to make this happen. The users should be able to add credit or debit cards, manage those cards, and access their account information.

4. Push Notifications 

Push notifications and alerts are useful to deliver necessary messages and updates to app users. Your fintech app can use notifications to notify users about deals, promotions, account updates, and so on. Notifications ensure user engagement by providing regular alerts and messages. 

5. Payment Gateway 

There should be a way to send and receive money or make online transactions. A payment gateway is added to fintech app development to provide the feature. 

6. Language Options 

A fintech app can have lots of features and they might be customized according to specific business requirements.

Essential Requirements for FinTech App Development

A fintech application can have multiple features. No matter what features you wish to integrate into your fintech app, there are a few essential requirements for these apps. These are the requirements that you must consider for fintech app development to make it as per the industry standards. 

1. Usability 

The usability of your fintech app is beyond UI/UX. It covers various aspects like compatibility with different devices, easy navigation, accessibility, and optimized layout. So, when you create the UI/UX of fintech, these are the key requirements to fulfil in app design.

2. Security 

Developing a fintech mobile app comes with a great responsibility of protecting your users’ data. The app users need assurance before they build confidence in using your fintech mobile app. You must adopt modern technologies and security methods to make sure that your app is hack-proof. Two-factor authentication, encryption, and secure servers are a few ways to build a highly secure app. 

3. Credible APIs

APIs are an integral part of fintech applications. Your app can use multiple APIs to connect with different systems and apps. These APIs help to extend the functionality of your mobile app. Choose third-party APIs that adhere to security standards and offer data protection. Security protocols with such APIs will provide an extra layer of security to your application.

4. Legal Compliances 

When dealing with financial services, your mobile app requires you to obey some guidelines and legal compliances. You are required to adhere to these compliances when it comes to financing app development. The main compliance is PCI DSS (Payment Card Industry Data Security Standard). Other compliances are GDPR, CCPA, PIA, etc. 

Latest Technology for FinTech Application Development 

FinTech apps are becoming smarter and safer with technological advancements. There are many new advanced technologies available today that you can use to make an app that is above user expectations. Before you develop your app it’s crucial to check the latest fintech app development trends to create a state-of-the-art app for your business. Let’s check the latest technologies below.

1. Chatbot

The use of chatbots is increasing in fintech applications. Chatbots help fintech businesses provide better customer services and lower costs by automating customer support. App users can easily get quick support for their problems with chatbots and get other information.

2. AI

AI or Artificial Intelligence is also useful for fintech app development as it provides benefits like automation and personalization. AI can automate data processing and help in personalizing the app.

3. Blockchain

Blockchain is a hot new technology that has multiple use cases. This is a very secure distributed database. It is a chain of blocks of data which immutable and accessible to multiple users. Blockchain development services are used to develop new-age apps like digital wallets, dapps, NFT, and more.

4. Biometrics

Accessing a user account with a user id and password is not quite a safe method. Therefore, now with the use of technology, fintech app users can access their accounts through biometric credentials like fingerprint and face recognition.

What’s the Process of Finance App Development?

Now let’s see how to create a fintech app. There are numerous phases in developing a fintech application. This process requires immense technical experience and expertise that you can have with a fintech app development company. The company can build a perfect fintech app for your business based on your requirements and expectations. The following are all the phases of fintech application development.

• Identify your target niche
• Planning and features
• Design the app
• Build an MVP
• Testing
• Launch

1. Identify your target niche 

The first stage of a fintech app development is to identify your target market. Hence, start by deciding which target niche you are making an app for. There are different types of FinTech apps that are used by distinct target audiences. 

You can build the right app when you understand your target niche well. It will help you create the best UI/UX that meets the expectations of your target audience and integrate the features they will appreciate. Focus on developing a complex solution that can provide you an edge over competitors.

2. Planning and features 

The next one is the planning phase where brainstorming happens and a concept is built. You need to consider legalities to make sure that your fintech app meets the security and privacy compliances like KYC, CCPA, GDPR, and more. The laws of privacy depend on the region where your target audience is present. For example, apart from the US federal laws, you have to follow individual state laws.

Another thing to consider for fintech app development is the features. What features your app must have depends on its type and the requirements of your audience. Plan out all the features of your app considering the requirements of your audience. 

Some features you might want in your app are: 

• Fingerprint of facial login
• Chatbot
• QR-code scanner
• Offers and cashback deals
• Digital payments
• Tracking of finances

3. Design the app

How do you keep your users engaged in your app? UI/UX plays a crucial role in making your fintech mobile app engaging and good at browsing. At this stage of fintech application development, it is decided whether elements will appear on the screen and what would the flow of user navigation. 

UI (User Interface) is formed by the buttons, toggles, screens, icons, and other elements that appear on the screen. UX (User Experience) defines the user journey in the app. It means UX defines what users will go through when interacting with the app. UX is based on data, results, and research rather than personal opinion or choices.

App designing is not a simple process, it’s a collection of numerous subprocesses.

The process goes as follows: 

• Competitor analysis: Identify the competitors and find out their strategies.
• User persona: It provides insights to build a usable and attractive app UX.
• Wireframe: Shows user flow through a design and helps to validate app design.
• App design: The UI/UX is created based on the decided pattern.
• Testing: The app design is tested to ensure that everything works as expected.

 After designing the fintech app is coded and the backend functionality is added. 

4. Build an MVP 

How do you know that you will be successful or fail? Testing your fintech application internally can give you some idea as the employees in your company can give useful feedback. But this is insufficient to reach a good conclusion. The best way to test the app is to release it. Yes, you can release the app but not the full version but a simple one for your fintech app. 

MVP or Minimum Viable Product is an app that offers basic functionality. You can choose MVP development services to launch a basic app to test the idea. The MVP can help you validate your app idea and check the responses of your target audience. If it goes successfully, you are all set to launch a full-fledged fintech application. 

5. Testing 

Testing here means quality assurance. You can’t launch your app right after development, it needs to be tested to make sure it is as functional as you expect. After fintech mobile app development, testing is the next phase you will follow to make sure that the app is functioning flawlessly.

 There are different tests that need to be performed as follows.

• Usability testing
• Performance testing
• Compatibility testing
• Security testing
• Functional testing

There are many other tests performed on an app.

6. Launch 

Launching your fintech mobile app requires a perfect strategy. Your app can be available for Android users or iOS users or both. The app needs to be published on Play Store and App Store to allow users to download and install the app. However, you also need to do marketing efforts to show your app to the target audience. Ads and other types of marketing strategies can be helpful. 

What are the Technologies Used for Fintech Application Development? 

There are lots of technologies developing mobile and they vary based on the type of app you want to build. You can choose Android app development or iOS development, or a cross-platform solution. 

For Native Apps

Android

• Programming languages: Kotlin and Java.
• Databases: MySQL, SQLite, MongoDB, PostgreSQL.
• Payment Gateways: Stripe, PayPal.

iOS

• Programming languages: Swift.
• Databases: MySQL, SQLite, MongoDB, PostgreSQL.
• Payment Gateways: Stripe, PayPal.

For Cross-platform Apps

•       Flutter
•       Ionic
•       Xamarin
•       React Native
•       Appcelerator Titanium

Hybrid Mobile Apps

•       HTML
•       JavaScript

How Do Fintech Mobile Apps Earn?

It is interesting to know how a fintech app works and earns. Once you launch a fintech application, you would like to monetize it. But what are the different options you have for monetization? This section will provide information on that. The following are the monetization methods that fintech apps use.

• Freemium: Your app can be free but to some extent. The app can restrict some services or features until they upgrade to the paid version.
• Transaction Fees: Your fintech app also earns by charging on transactions for payments, investments, foreign exchange, etc.
• Subscription: Instead of providing services for free, your app can charge a subscription on a monthly or yearly basis.
• Advertising: The app can also earn through targeted display ads.

 How Much Will Fintech App Development Cost You?

Now comes the most crucial question – how much does it cost to build a fintech app? There isn’t a straightforward answer because it is difficult until you define your requirements and other things. The cost of developing a fintech mobile app typically depends on its type, complexity, features, requirements, and some other factors. 

However, the average cost of fintech app development can be in the range of $50,000 to $350,000. The maximum can increase with more requirements and complexity. The cost also depends on the mobile app development services, you choose for your project. 

For example, the cost will be higher if you choose a developer in the USA, Australia, or Europe. On the hand, the cost will be lower if you hire mobile app developer from Asia like India.

How MobileCoderz Can Help You?

We are one of the most trusted mobile app development companies in India and provide cutting-edge solutions. Our developers are proficient in the latest mobile app technologies with a lot of experience. We have developed fintech apps for many clients to date. There are many ways how our fintech app development services can help you. 

Our team of mobile app developers, designers, and QA engineers, is experienced and knowledgeable. We can build a fintech app as per your aspiration no matter how complex it is. Our team has worked on many apps and come out with innovative solutions to complex problems. We have developed many fintech apps and Fniku is an example of these apps.

Frequently Asked Question

How to develop fintech apps? 

There are different stages in developing a fintech mobile app which is planning, designing, developing, testing, and launching.

What does fintech app development depend on?

Finance app development depends on many factors such the complexity, requirements, features, target niche, and more.

How long will it take to develop a fintech app?

The time taken in fintech app development varies based on the complexity and requirements. You can contact us to know the precise timeframe.

How much does it cost to build a fintech app?

Fintech application development cost can be in the range of $50,000 – $500,000 which may vary based on complexity, features, development team, and other factors. 

The post Complete Guide To Fintech Mobile App Development appeared first on MobileCoderz.

Don’t believe it?

Just take a quick look at the top 10 biggest SaaS companies in the USA in 2022.

Adobe Inc., Salesforce Inc., and Intuit Inc. have been valued at more than $100 Billion in market capitalization. If you go down the list, Snowflake, Autodesk, and Workday have generated over $35 Billion market capital. All these SaaS applications have produced huge revenue in 2021. 

So developing a Software as a service application is indeed a worthy investment to make. SaaS market is enjoying an impressive annual growth of 18%. And this fast growth is opening new business scope for SaaS startups that want to build cloud-based solutions for businesses and consumers.

And with the penetration of smartphones, the scope of SaaS is also extending to mobile apps. Hence, SaaS application development is now turning into a billion-dollar business concept.

If you are going to start your business as a Software as a service company, then we have good news for you. In this article, we will share a guide to SaaS application development. 

Here, you will know

• What is SaaS application development?
• How is Software as a service application different from other applications?
• The Rise of Mobile SaaS Applications
• Top Benefits of SaaS application development
• SaaS application development process
• Challenges in Software as a service application development

So, let’s get started. 

What is SaaS Application?

SaaS is Software-as-a-Service based application or software that works on cloud technology. It allows users to connect and use the SaaS application over the internet through a web browser. To put it in a nutshell, Software-as-a-Service (SaaS) is a web or mobile application hosted on a cloud server and allows users to access it from any device and location. 

Examples of SaaS applications

• Salesforce
• Canva
• Dropbox
• Microsoft Office 365
• Google Suite
• ZenDesk
• Slack
• Box
• AWS (Amazon Web Services)

What is mean by SaaS application development?

SaaS development is the process of creating Software as a service applications for web, or mobile platforms. It involves design, development, testing, and deployment of the SaaS application on the cloud server.  

How is SaaS application different from other applications?

In principle, all SaaS applications are either the desktop software or web application. But not all web apps and software are SaaS. To get a clear understanding see the below table

Now, we have an interesting thing for you. 

The Rise of Mobile SaaS Applications

Since SaaS has been running in the market for a very long time. It has been primarily built for web platforms. But, with the rapid disruption of mobile app usage. Mobile devices have become a highly profitable platform for SaaS businesses. 

Whether it is B2B or B2C, every person prefers mobile apps for accessing or browsing anything online. Software as a service applications are mostly developed to work as web applications. 

But since businesses and consumers are adopting the mobile-first approach, the rise of mobile Software as a service applications is coming into trend. Here are the latest market reports that highlight how big the market of mobile SaaS applications is and growing tremendously. 

Size of the small-to-medium business (SMB) mobile Software as a Service (SaaS) market worldwide, from 2016 to 2021(in billion U.S. dollars)

As per the Strategy Analytics report, the global Mobile SaaS touched $37.9 Billion in 2021 from $20.9Billion in 2016. Showing a rapid growth of 12.7% CAGR in the period 2016-2021. The report further suggests that alone corporate mobile SaaS will reach $7.4 Billion in 2022. 

Hence, it is evident to see the SaaS business is not limited to web platforms. It is now being extended to mobile platforms.

So, today when you plan to create a SaaS application, you have two platforms. Web and mobile both. And since the use of mobile apps is increasing across different industries.

Industry experts suggest this is the best time to invest in Software as a service application development for aspiring SaaS businesses. It will help them to take a competitive advantage in the early stage of the mobile SaaS market. 

Top Benefits of SaaS application development

SaaS applications give huge benefits to both Software as a service owners and users. As a SaaS startup, you don’t need tons of resources or funds to build a complex application. By using cloud computing technology, you can easily build SaaS application and deploy it to the cloud server. 

The main advantage of using SaaS application is that it provides real-time access to instant online services on any device and saves significant cost. Below are some of the top benefits of why you should invest in Software as a service application development.

#. Cost-efficient Solutions

Since Software-as-a-Service is built on a cloud server, it can be easily deployed and launched. SaaS providers do not have to develop a large-scale IT infrastructure. They simply need to create the Software as a service application and deploy it to the server. 

SaaS users can anytime access the Software as a service application without installing it on their desktop. This helps in reducing time and effort. And eventually, it decreases software maintenance costs. 

#. Better Scalability

Software as a service application development provides better flexibility and scalability to SaaS providers. Since SaaS solutions are placed on scalable cloud infrastructure, you can easily integrate third-party apps. 

If there is any service or feature that your customers need, you can simply integrate required APIs and enable that specific service. 

SaaS applications help business stakeholders to improve their growth through better user analytics data. You can track user behavior and provide them with their preferred options. 

For example, if you are a data storage-based SaaS app like dropbox. Then, you can offer them a free starter plan. Afterward, you can ask to purchase premium service.

#. Wide User Accessibility

SaaS applications can be accessed from any device which supports web browsing. Your customers can use your SaaS from desktop computers, laptops, tablets, or smartphones. This gives a great advantage to both Software as a service providers and SaaS customers. 

SaaS companies can provide their cloud-based services to any device user. And users can also avail of the service from any computer device that supports browsing apps. And since the use of mobile apps is increasing, consumers and businesses now prefer using Software as a service on mobile apps. Therefore, we see why upcoming SaaS startups are investing in custom SaaS app development. 

#. Robust Security and Privacy

When it comes to security and privacy, SaaS applications stand out best. Software as a service application development uses SSL and TLS encryption as its standard security protocols. This ensures that SaaS apps are protected from unauthorized access and safeguard users’ information.

In addition to this, SaaS apps work on cloud services. So, it stores the entire information on cloud storage which is fully protected from cyber attacks. This cloud storage or server is solely maintained by the company itself. 

Hence, you can easily rely on them when it comes to the security and privacy of data. AWS, Google, Microsoft, and Oracle, are the popular brands that provide Software-as-a-Service. They have a big cloud infrastructure and IT resources for securing users’ data on their cloud servers. 

You might feel excited knowing the benefits of SaaS applications. So let’s have a quick look at the

SaaS Application Development Process

1. SaaS Ideation and Validation

SaaS product development is a complex software development process. Its scope is huge. Thus, you should have a clear vision of what SasS product you want to develop. You can provide multiple services through a Software as a service application. 

Hence, the first phase of the SaaS app development process is to define your SaaS concept. Conduct in-depth research into the SaaS market. Get good business insights from leading market statistics platforms. This will help you understand what is currently in demand in SaaS market. 

Don’t forget that the SaaS industry is big and highly competitive. You have to find out an incredible SaaS product idea that stands out as unique and effective in the market. For better outcome, you should better consult a professional SaaS application development company that can help you with SaaS conceptualization and find effective Software as a service solutions.

And once you have the SaaS product concept, validate this by analyzing its technique requirements and user’s perspective.

2. UX/UI Design

This phase might be crucial for you. SaaS applications involve various features and functions to provide services. If users do not feel convenient and comfortable using your SaaS app, they might leave your site. Therefore, the UI/UX design of SaaS apps matters a lot. 

To ensure you design a user-friendly SaaS application, first, create a wireframe and do prototyping. This will give you an overview of your application. You can also take SaaS UI/UX design ideas from popular SaaS applications in the market.  

3. SaaS Application Development and Testing

This is the real task. At this stage, you will start the development process to turn your SaaS product into a live platform. Developers will do coding and programming. And once the final product is ready. They will take your SaaS application through rounds of testing and Quality assurance. 

Here, you have to pay extra attention. If you are developing a SaaS application as a web app, you should ensure the app works well on desktop platforms. And if you are creating mobile SaaS application. Then, you should conduct a proper test to ensure the app performs nicely on Android or iOS platforms. 

4. Product Launch and Maintenance

After getting your SaaS product ready, you have to deploy and launch it on the web. To launch your SaaS application, you can use GitHub, AWS Code Commit, or other cloud service platforms. launching SaaS applications is entirely a technical process.

5. SaaS Maintenance and Scaling

SaaS application development doesn’t end at the development stage. In fact, the real work begins after this. Software-as-a-Service is dynamic and flexible. You always have to monitor its performance and work. Therefore, you need a dedicated plan for SaaS maintenance and SaaS growth strategy. 

Since the competition in SaaS business is continuously growing due to digital transformation, you have to keep a watch on the user behavior and market trends. For example, adding new features, updating old versions, providing consistent customer support, etc. 

Challenges in SaaS Application Development

1. Integration of APIs and Third-Party Services

One of the common challenges that you might face during SaaS development is the integration of third-party services. 

Especially in payment, if your SaaS application requires an online payment system. Then, you will need to integrate PayPal, QuickPay, Stripe, Skrill, or Braintree into your SaaS app. And integrating these APIs is a complex technical process. They have API documentation for implementing the payment service into a SaaS app. 

How to overcome this challenge: To integrate APIs and third-party services into your SaaS application, you have to go through API documentation. You also should have knowledge of APIs. Hence, the best way to overcome this challenge is to hire a professional SaaS application development company. 

2. Ensuring Data Security and Privacy

SaaS applications store piles of sensitive data related to your business and customers. Any security breach can lead to a big loss of data and privacy violations. So having not a robust environment for data security might put your SaaS app at risk. 

In addition to this, you have to ensure your SaaS application is compliant with various data regulations and country laws. For example, GDPR and HIPPA. 

If your  SaaS app is found violating any country’s data protection laws, you might have to face legal actions from the respective country. 

How to overcome this challenge: While choosing any SaaS development services, you should check whether the company has knowledge of GDPR and HIPPA compliances. And their developers use SSL and TLS in the security protocol for encrypting the communication between the user and server. 

3. Zero Downtime 

SaaS applications require constant monitoring and maintenance. In case, if you need to update the platform, then a challenge might come into place. And which is downtime. 

During any update or maintenance of your SaaS, your users may not have access to the services. This may cause huge inconvenience to your customers. They need to use your SaaS consistently. Any type of inaccessibility may cause financial loss to them. 

Therefore, it would be your duty to ensure zero downtime during maintenance or updating your SaaS platform. If your customers have to face loss in any form, they may quit losing your SaaS and find an alternative.

How to overcome this challenge: In conventional approach, during maintenance or update, service providers notify their customers about the downtime period in advance. But your customers are using your SaaS for business purposes, this reason can’t work. Therefore, to counter this problem, you should follow a blue-green approach. 

In this method, you release an alternate model of the older version for a short period of time. The previous SaaS version is called Blue and the newer is Green. So during maintenance, you can provide an alternate link or platform to allow your customer to use your Software-as-Service consistently. 

4. Managing Subscription Lifecycle

SaaS incorporates many features and services to offer. Your customers might need to change their plans while using your services. For example,

• Use trial version
• Subscribe
• Unsubscribe
• Cancel
• Upgrade 

And to serve your customer’s change requests, you need to constantly work on managing the subscription lifecycle. Plus, you have to manage the data of your subscriber list. Managing all these things could be a challenge for you. 

How to overcome this challenge: There are two solutions to this problem. Either you can create your own subscription system or integrate external APIs. 

How Much Does it Cost to Develop a SaaS Application?

On average, the cost of SaaS application development is between $50,000-$200,000. However, the exact figure totally depends on various factors. For example, the complexity of the application, integration of APIs, per hour rate of the developer, and so on. 

At MobileCoderz, we charge $25 per hour rate for developing a full-stack SaaS product. We have delivered many SaaS solutions for many startups at cost-efficient budgets between $40,000-$150,000. 

However, the final cost of SaaS application development primarily depends on what type of SaaS application you want to build. In the below table, we have listed the cost of SaaS application development for popular types of Software-as-a-service. 

Conclusion

SaaS is like creating a virtual company. It allows you to connect with millions and billions of users around the globe. This means, your SaaS product has a large size of target audience and business scope. From big to small, every level of SaaS company has achieved great success by providing innovative and problem-solving software-as-a-service to their customers. 

Hence, investing in SaaS application development is an assured success. But, to ensure your SaaS product also av=vice the same success and generates big revenue, you should try to develop your SaaS product under an expert SaaS application development company. 

How MobileCoderz Can Help You Build Your SaaS Product?

MobileCoderz is an award-winning software development company. We have dedicated professionals and technology resources to build every type of SaaS application for your business model.

We provide best-in-class SaaS development services for web and mobile platforms. MobileCoderz has highly experienced developers and designers who are expert in developing web and mobile SaaS applications.  

If you have some questions to ask regarding your SaaS project, 

Just Schedule a Call and Speak with Our Experts

The post SaaS Application Development: benefits & challenges for startups appeared first on MobileCoderz.

If you are also thinking to get started with mobile banking app development, then you must have a clear idea about the process and complications that you might face. This is the ultimate guide to learning how to build a banking application in 2022. 

Let’s learn a few facts about the market size of mobile banking apps

Mobile Banking App Market Overview

• It is estimated that more than 75% of US citizens their mobile devices to check the status of their bank accounts in 2019 
• Around 89% of US citizens rely on a mobile app for managing their bank accounts. 
• The international mobile banking market had a value of $715.3 million in 2018 
• It is expected that this might reach up to $1,824.7 million by 2026 
• We will see a growth rate of CAGR of 12.2% between 2019 to 2026

What is a FinTech or Banking Mobile Application?

The English word ‘FinTech’ is the combination of ‘Finance’ and ‘Technology’. Thus, banks and financial businesses are able to combine financial services with the best available technologies. These technical solutions help businesses to automate, improve, or streamline their financial services and processes. 

FinTech itself is not a brand new concept in the banking industry. In fact, it has been there since the early days of ATM technology, electronic trading, and personal finance applications. However, FinTech is getting massively changed with robust mobile banking app development services. These companies are known for implementing world-class technologies such as Blockchain, AI, machine learning, data science, and more. 

Why are Banking Businesses are Developing Banking Apps in 2022? 

Both customers and banks are able to enjoy the benefits of building a banking mobile app with a prominent FinTech app development company. 

1. Improved ROI 

Developing a mobile banking app can drastically change user engagement, customer base, market credibility, and the flow of revenue. However, it takes a lot of time for market research, competitor analysis and resources to develop a mobile banking app. 

Several banks have been successful in developing successful banking apps from leading mobile banking app development companies. Thus, you can also have good expectations of high returns from your mobile banking app. 

2. Better Customer Experience 

Customers want a superior and convenient digital banking experience from their smartphones. Moreover, they don’t have to manually visit a website or office to check the status of their bank account. Thus, investing in mobile banking app development services make more sense to enhance the existing customer experience. 

Effective mobile banking app development makes the banking experience more accessible and time-saving. For this reason, banks can take the opportunity to help the customers in getting faster financial activities. 

3. Great Marketing Opportunity 

It is quite hard for a banking institute to keep its customers updated about the latest deals and offers. Above all, manually calling customers to inform them about the offers is not effective anymore. 

Building a banking app with a leading FinTech app development could provide you with great marketing opportunities. It is much easier to inform the customers about the latest updates through push notifications. In fact, you can also release fully customized notifications for your customers with a mobile banking app. 

4. Elimination of Paperwork 

Customers don’t like to have tons of paperwork when doing a simple banking activity. In fact, creating unnecessary paperwork is also harmful to our environment. Thus, building a banking application with effective mobile banking app development can reduce a lot of paperwork. 

Digitalization is very important to ensure customer engagement without creating unnecessary paperwork. As a banking business, you will also get clarity with your business goals. 

5. Far Better Accessibility & Availability 

Mobile banks drastically remove the distance between banks and customers. In fact, customers can now able to instantly access any banking services from the convenience of their smartphones. 

This is only possible because of the quality mobile banking app development and solution-oriented products. 

Why Customers are Giving More Preference to Mobile Banking Apps?

Quality mobile banking app development services are helping banks to provide a superior customer experience to traditional banking. In fact, it is helping the customers in the following ways; 

• 24/7 access to banking & financial services 
• Easy access to transaction history & details 
• Make deposits remotely 
• Cutting-edge security measures 
• One-click bill payments
• Streamlined money transfer 
• Easy online payment of loans 

Who is the Target Audience of Mobile Banking Apps?

The banks and financial institutes target mainly the millennials and GenZ for mobile banking apps. These young users love to manage their financial needs from their mobile devices instead of traditional means. 

The banking businesses know the fact well that these millennials will be taking over the banking sector between 2025 and 2035. In fact, they will be tech-savvy customers with high wealth for global financial organizations to manage. Thus, this is the perfect time to invest in mobile banking app development services to gain a competitive advantage and enjoy the future market.

Essential Features to Consider in Your Mobile Banking App Development

There are some of the must-have features in your mobile app development process; 

Proper Authentication and Authorization Flows 

The authentication process must be very secure. Thus, you can think about implementing multi-factor authentication to ensure maximum protection against unauthorized access. Moreover, you can also implement biometric authentication with user metrics like voice, face, fingerprint, eyes, etc. The security of data is very important in FinTech applications, you cannot ignore the security measures during the mobile banking app development process. 

• Account Management 

The users should be able to easily manage their accounts to learn about their bank balance, and transactions, record history and understand spending habits. Furthermore, you can also implement features to create investment plans, automate payments, and define saving goals. 

• Customer Support 

The customer should be able to easily access customer support 24/7 to resolve their issues. Thus, it is important to include a customer support panel in your mobile app development process. Furthermore, you can also implement an AI chatbot to make the customer support process more streamlined. 

• ATM/Branch Locator

Customers often want the location of nearby ATMs and bank branches. However, instead of making them go to Google maps and manually search for locations, your mobile banking app can also locate the ATMs and branches. 

• Cross-Channel Payments 

When you are building a mobile banking app, you must consider flexible payment options. This would help the users to send payments through different channels. 

• Push Notifications 

Your mobile banking app could become a great marketing tool for your business. Thus, you can send personalized push notifications to the users about the latest deals, offers, and updates. Having a top mobile app development company onboard can help you easily implement this feature. 

• QR Scanner 

Payments and money transfers have become blazing fast with the introduction of QR codes. Thus, you should implement a QR scanner in your mobile banking app development process to allow users to send and receive payments. 

• Expense Tracker 

The majority of mobile users use banking mobile apps to track their expenses. It helps them to save more money and stick to their budget. Thus, you should also consider adding this feature to your mobile app development process. 

• Cardless ATM Access 

This is a high-level digital feature that doesn’t require users to carry their ATM cards with them. For this reason, you can implement this feature to provide them with the best convenience of digital ATM transactions from the app itself. 

Mobile Banking App Development Process

This process includes a lot of complex operations and tasks. Developing your mobile banking app could be very challenging if you don’t have any prior experience. Thus, it would be advisable to hire a leading mobile banking app development company. This is the process of developing a mobile banking app; 

• Market Research and Working on a Development Plan 

Conducting strong market research and competitor analysis is very important for any business to survive. Thus, you must learn about the current industry trends, your competitors, and development trends before starting the mobile app development process. 

Understanding the market and your competitors will help you create a unique value proposition/business model. 

• Designing and Building a Prototype 

Designing the UI/UX is the most important part of the development process. In fact, these days a mobile app cannot become successful without a good and user-friendly design. Thus, you have to focus on developing the wireframes, user guides, mockups, and then prototypes. 

This would give you the best idea about the app’s design, logic, structure, and other elements. Moreover, a mobile app development company can greatly help you by developing an affordable high-fidelity mobile app. 

• Preparing the Security Infrastructure

The security of your banking mobile app should be given the highest priority. Thus, you must take the help of iOS and Android app developers to prepare the security infrastructure of your app. In fact, you can also introduce DevSecOps into your development process to get to know about the most popular and dangerous threats. 

• Coding the App 

After defining the security infrastructure, your mobile app development team will need to start working on the coding part of your banking app. Above all, your team will be working on the front-end, API(s), and the back-end part of the app. To make this process super streamlined, you must take the help of a mobile baking app development company. They have the real industry experience to get you through the development process with ease. 

Integrating Third Party Solutions 

You might not need to build some features from scratch. In fact, there is a lot of useful banking APIs that would make your banking mobile app feature-rich and convenient. Thus, by using them, you can save a lot of time and effort in your development process. 

• Testing the Banking App 

The mobile banking app development process isn’t complete without testing the app for its integrity and security. Thus, your development team must conduct strict testing to find out any possible glitches, bugs, errors, etc. The mistakes in the development process can be rectified through intensive testing and ensure a world-class user experience. 

• Deploying the Banking App 

Both Play Store and App Store have strict rules and guidelines for application deployment. Thus, your chosen fintech app development company must be maintaining a checklist during the development process to ensure effective deployment in the respective stores. 

• Marketing and Learning from Feedback

After successfully deploying your mobile banking app, you have to launch marketing campaigns to get more mobile customers onboard. You can use marketing tools like paid ads, social media platforms, etc. Later, after getting sufficient users for your mobile banking app, you have to constantly learn from the user feedback to optimize your offerings.

This process would further help you improve the user experience and robustness of your mobile application. Plus, feedbacks and reviews are also very important to build market trust and loyalty. 

Business Models for Mobile Banking Apps 

When you start mobile banking app development, you also need to consider a business model to get effective results. The following are the most popular business models used with mobile banking apps; 

– Interchange-Led 

This business model is meant for neobanks, who can earn revenue from interchange fees. This revenue is transferred whenever a customer uses a neobank’s card to make a payment. 

– Credit-Led 

This model works with the credit-first model, where the customers have the option to pay later from their bank account. 

– Ecosystem-Led 

This business model works by providing an ecosystem for various financial services for the users. There are plenty of value-added services enjoyed by users through this ecosystem. 

– Asset-Led 

Neobanks are able to generate through this model by providing savings accounts and gathering deposits with competitive interest rates. 

– Product Extensions 

This business model is meant to remove the barriers between the financial domains. Above all, this model is often chosen by big tech companies that want to provide some financial services. 

Cost of Developing a Mobile Banking App 

The cost and time of mobile baking app development depend on various factors. However, if you need a fair estimate, then you should contact a prominent mobile app development company. 

The cost of mobile banking app development can be determined by the following factors; 

• App Complexity 
• Technology Stacks 
• Chosen Platforms 
• Development Approach

In any case, the usual development cost is somewhere between $100,000 to $200,000. However, this cost heavily depends on the development team.

Let’s try to breakdown the mobile banking app development cost into this table

 Feature List – Cost Breakdown 

Development Process Cost

Hiring the Top Mobile Banking App Development Company 

Developing a mobile banking app is a very challenging and time taking process. In fact, there are a lot of things that you need to oversee to ensure the security and reliability of your app. Security elements are the most important components of a mobile banking application. Thus, it would be advisable to get an experienced FinTech app development company onboard.

MobileCoderz could be your best bet when it comes to quality mobile banking app development. We have an expert team of iOS and Android developers who can build high-performance, secure, and reliable mobile banking apps. Our pricing plans are super flexible and scalable. Thus, you can always get the assurance of cost-effective and highly scalable mobile app development.

The post How To Build Mobile Banking Application In 2022 appeared first on MobileCoderz.

Before we begin we should take a closer in the travel app industry 

Travel App Industry Overview

• The international online travel market is estimated to have a value of $354.2 billion in 2020
• It is estimated that by 2031, this value will reach a whopping $1,835.6 billion 
• The age group of 32-43 covers the maximum market share of 33.6% in 2020 
• Asia-Pacific is the most lucrative online travel market
• In 2021, Booking.com was the most widely used travel app in the world 
• According to Travelport Digital, around 80% of tourists and travellers rely on a smartphone app to plan their trips 
• According to Travelport Digital, around 77% of tourists and travellers rely on a mobile app for payments or booking a flight or hotel 

The Impact of COVID-19 on the Travel Industry

The COVID-19 pandemic brought massive challenges to every industry. However, travel and tourism saw the biggest impact of the lockdown norms and virus threats around the world. In fact, for some countries, the tourism industry represents over 20% of their GDP. Travel businesses saw billion-dollar losses throughout 2020. However, things started to improve by the beginning of 2021 with lockdown norms getting lenient. Many travel businesses started to invest heavily in travel app development companies to recapture the market. This also gave to individuals who lost their jobs during the pandemic era.

What is a Travel App? 

Travel apps are mobile applications that enable users to plan their trips, research destinations, discover and book flights & accommodations, and take advantage of deals & offers. Booking.com, Airbnb, and TripAdvisor are some best examples of travel apps. Furthermore, these apps make travelling a lot more convenient, informative, and easier. For this reason, many businesses are investing heavily in travel app development companies and are on the verge to hire travel app developers. 

Reasons to Develop a Travel App

There are a number of things that users have to think and figure out while travelling. Accordingly, a travel app can fulfil various purposes such as hotel booking, location research, itinerary management, and more. As a travelling business, you can hire a travel app development company for custom travel app development. These are some reasons that will convenience you to start investing in travel app development; 

1. Superior Customer Support

In today’s digital age, customers are often reliant on smooth digital services from their smartphones. They don’t have to get stuck between the interactions with a business representative when everything can be done from a mobile app. Thus, travel app development can help you ensure superior customer support and experience. 

By building a mobile app, you can provide services such as online ticket booking, hotel reservations, itinerary management, transportation guides, and a lot more. Ultimately, this convenience and ease of services help you win the trust and loyalty of your customers. 

2. Less Paperwork 

No one likes paperwork especially when they want to spend their leisure time. Thus, when you develop travel apps, you can drastically reduce the paperwork by digitalizing the entire process. In fact, everything from booking tickets and managing documents can be done from the travel app itself. For any travel company, this could be the best selling point to attract more customers and ease their travelling experience. 

3. Scope of Better Customer Engagement 

We all know the impact of digital marketing in the advertising industry. In fact, it has opened new horizons for many businesses around the world. By investing in travel app development, you can engage more customers with your constant deals and offers digitally. Thus, it is possible to increase your conversion rate when you have the right travel app development company on your side. Their guidance can help you select the features of travel app to ensure maximum engagement. 

4. Provide Personalized Services 

It becomes a very daunting task to provide personalized services if you are operating your travelling business offline. When you develop travel apps, it becomes a lot easier to personalize the service by learning from user preferences and habits. In fact, by collecting user data, you can understand the specific needs and preferences of each user. As a result, you will be able to fulfil their personal preferences and demand with fully personalized services. This could be a great contributing factor to your business growth and customer base.  

5. Improvement in Customer Loyalty

You have to understand that a mobile application is a digital asset that can be stored on a user’s device. This is a great opportunity for branding, market presence, and customer loyalty. In fact, a travel app has more impact than a simple travel website. When you invest in custom travel app development, you are able to provide a top-notch app experience to your customers. 

By incorporating the best design and cutting-edge technologies, you can leave a better impression on their minds. Ultimately, the users love to keep such innovative apps and help you in establishing customer loyalty. 

6. Attract New Investors 

Today’s investors are very interested in advanced technologies and digital solutions. They see more potential in a business that embraces digital transformation than a business that doesn’t. Therefore, by investing in travel app development, you can attract more potential investors to your travelling business. Hire travel app developers to develop an MVP of your app and start gathering more funds for your business. 

How to Monetize Your Travel App?

When you are investing in travel app development, you also expect to ensure an income source for your business. Let’s learn how you can earn money from your travel app;

The image clearly shows that the majority of the travel apps are free. However, the app owners always have a smart strategy to monetize the app and earn even better.

Four Popular Monetization Models:

• In-App Advertising 

This is the most popular and successful monetization model. Here, the travel business starts to display ads on the app screens. The app advertisers pay depends on the popularity and user base of the app. However, you have to be very careful while placing ads and avoid annoying the users. 

• Commission 

This is a great monetization model for travel businesses that want to earn commission from every booking or payment made through their app. 

• Paid App 

In this monetization model, the users have to pay an upfront cost to download the mobile app. Furthermore, you can also launch a basic version with some core features, while the users have to pay for the pro version. 

• In-App Purchases 

This is another very successful monetization model for travel apps. Here, you can provide core services without any charges. However, additional travel services can be accessed through in-app purchases. 

Travel App Development Process 

Now that we have learned about the market, benefits, and monetization methods, it’s time to learn about the complete travel app development process. However, before we start, we need to learn some that you have to consider to ensure effective mobile app development. 

– Users and Their Needs 

You might be very curious to develop travel apps as soon as possible. However, you have to understand the key audience who will be the actual users of your app. You need to understand their demographics and their needs for such a digital solution in the first place. Thus, anticipating your audience, you will be able to provide a better value proposition. Ask these questions to yourself; 

• Who are your clients? 
• How much they are willing to spend? 
• What type of destinations do they like to explore?
• What are their exact requirements? 
• Will they embrace digital innovation?  

Study the Competitor

The market is already stiff with a lot of competitors in the travel industry. Thus, you have to provide a unique and valuable solution to the users in order to capture the market. Moreover, learning about your competitors will help you find the gaps in the market. 

Choosing the Right Development Team 

Developing the travel app on your own becomes out of the equation if you don’t have any prior experience in mobile app development. When you collaborate with a travel app development company and hire travel app developers, you gain access to the best talent and latest technologies. 

Together, they help you define your ideas according to the market trends and finalize the project milestones. MobileCoderz is a leading mobile app development company that always ensures the smoothest travel app development process. 

Let’s discuss some of the core features of a Travel App

Core Features of a Travel App

If you want to develop a successful travel app, then you must include the following core features;

1. Easy Sign-up/profile management 
2. Searching Functionality 
3. Listings 
4. Chat with Agents and Hosts 
5. Booking 
6. Reviews 
7. Notifications 

• Easy Sign-up/Profile Management 

The signup process is a very important feature of a travel app. In fact, it should be very smooth and easy to minimize bounce rates. The process should be simple and very convenient for the users. Furthermore, including social login is also a good choice during the travel app development process. Your aim should be all about making the signup process faster and making the user experience better. 

• Searching Functionality 

Any user loves to have a robust searching functionality to find hotels, flights, destinations, food, and more. In fact, they might just open the app and start searching for keywords instead of browsing the entire app. Thus, you should consider adding complex search filters in your app to provide the most precise results to the users. 

• Listings 

Your travel app will be having a lot of listings for hotels, flights, locations, and more. However, you must provide additional information about the place through pictures, booking availability status, descriptions, reviews, and policies. These detailed listings will help the customers make better-informed decisions.  

• Chat with Agents and Hosts 

Traditional modes of direct communication between users and business representatives have gone obsolete. You should enable digital communication with a chat option in your travel app. In fact, it could reduce a lot of operating costs and increase customer retention. A plain chatbox is sufficient to ensure smooth communication. 

• Booking 

It is much more convenient when the users can directly book tickets, hotels, tours, and other services directly from the app. In fact, you must implement the booking feature into your travel app to ensure more revenue generation and customer engagement. 

• Reviews 

Including reviews is a great way to help travellers make intelligent decisions. It builds genuine confidence and trust in businesses. Thus, you must include it during the mobile app development process to create a better travel ecosystem. 

• Notifications

Everyone wants to stay notified about the latest updates, offers, deals, and reminders. Thus, you must implement push notifications in the features of travel app. It will help your users to learn about new offers, price changes, reminders, and more. 

Steps to Develop a Travel App

1. Research and Analysis 

Before you get into the technical aspects of the travel app development process, you must clear out a few things. First, you must have a clear strategy to transform your idea into a successful mobile application. Second, the objectives of your app should be very clear from the beginning. Lastly, you must know when exactly the users will be using your app.

Once you have understood the use cases and purpose, you must have a clear roadmap for your travel app. Furthermore, you can also create an MVP (Minimum Viable Product) first if you are running on a budget or not sure about the idea. Then, you have select the platform and technology stack for your app.

You can either build a native app that provides the best performance and experience. However, it will increase the cost to build a travel app and consume more time to develop native apps. You can also develop hybrid or cross-platform apps to increase the pace of your development. However, they might not provide the performance and experience like native apps.

Developing a Minimum Viable Product is a sensible option to experience the bare-minimum set of features. These are some steps to launch an MVP to the market; 

• During the initial testing, you have to create an app with basic features 
• Then you can release the MVP into the market 
• Find out whether your MVP has the potential to succeed 

Why You Should Develop an MVP?

• You are able to minimize the cost to build a travel app 
• Test your project with minimum functionalities 
• Get feedback from the initial testers 
• Save your time from doing unnecessary things 
• Attract investors by showing the first version of the app 

2. Building the UI/UX of the Travel App 

The design and user experience play a crucial role in custom travel app development. Therefore, your travel app’s design should be user-friendly, interactive, engaging, and minimalist. 

– Working on the Workflows & Architecture 

In order to define a workflow, you have to determine how the information will be shown to the users. Thus, this means creating complete user journeys on your travel app. Plus, you have to define the various roles, app’s information architecture, and privileges. 

– Working on wire-frames

Wireframes are like digital blueprints of your travel app. They help you understand the features of travel apps and their implementation. A trustworthy travel app development company considers it a cost-effective measure to understand the layouts and user experience. However, you have to be very careful while working on device-specific designs.

– Working on Prototypes 

Prototypes give us the perfect representation of clickable visual interfaces and simulation of user experience. Plus, they will also give you an insight into the travel app’s workflow. It might be a time-consuming task but works as the initial testing of the app. 

3. The App Development Stage 

This is the core development stage of the travel app development process. When you hire travel app developers, they will work on the front-end, API, and server-side of the application. In fact, all of the chosen features of travel app are implemented in this process. 

They begin by working on the back-end part that works as the backbone of the app. Then, they implement additional APIs depending on the requirements. These APIs work as a communication tunnel between the app and backend technologies. Accordingly, they have to work on the front-end side of the application. This part is responsible for providing an interactive user experience to the users. 

4. QA Testing 

The travel app development process is not done even after building the app. There could be some bugs, glitches, errors, or crashes even after smooth development. Thus, the QA testing process is also important to ensure that the travel is stable, secure, and reliable. You have to create different test cases in your custom travel app development approach.

You must hire travel app developers to maintain the quality of the app. They are the right professionals to help you with user experience testing, functional testing, performance testing, security testing, and device and platform testing. In fact, a strict and rigorous testing protocol helps your mobile app excel in every aspect. 

5. End-to-End Deployment

The mobile app development process completes only after deploying the app on respective app stores successfully. To ensure smooth deployment, you have to ensure a lot of rules and guidelines of both the Play Store and App Store. When you want to develop travel apps, it becomes important to hire travel app developers. They will be helping you out in maintaining a checklist during travel app development. Ultimately, you will be able to ensure a smooth development process.

They will provide you with complete guidance to create on both App Store and Play Store to deploy your app. During the submission of your mobile app, you have to add the following details in the app metadata; 

• Title of the app 
• Description 
• Category 
• Keywords 
• App Icon 
• In-App Screenshots 

Team Required for Travel App Development 

When you hire travel app developers from a leading travel app development company, you will need the right talent pool for the job. These professionals will help you with different app complexity, chosen technology, development style, etc; 

• Project Manager 
• UI/UX Designers 
• iOS & Android Developers 
• Backend Developers 
• Quality Assurance Engineer 

Cost to Build a Travel App

The total cost of travel app development may depend on various factors. Thus, it is very hard to give an accurate estimate of the travel app development cost. However, still, you can estimate an average of $25,000 to $50,000 to develop a travel app. 

Factors that Determine Cost to Build a Travel App 

• App complexity 
• Type of mobile app 
• Features of the travel app 
• API integrations 
• The Developers 

Developing a travel app can take a significant amount of time depending on the features and complexity. However, a travel app development that follows an Agile development approach can greatly streamline the development process. Plus, talented professionals with years of experience in mobile app development can also improve the quality and speed of the travel app development process. A simple level travelling app can take around 2 months to finish.

Summing Up

Travel app development has become significantly important for businesses in the digital age. These apps have become essential tools for users looking for travel convenience and instant booking facilities. Therefore, there’s a constant demand for travel apps in the market. If you are also thinking about developing a travel app with high-quality mobile app development, then MobileCoderz could be the best choice. We are a leading travel app development company that provides custom travel app development services to users. Contact us today and hire travel app developers to build a travel app with high-performance, security, stunning design, and reliability.  

The post How to Develop App for Travel Industries? appeared first on MobileCoderz.

Global players like PayPal and Venmo are changing the way of traditional financial activities. In fact, peer to peer payment applications are completely changing the FinTech landscape. In this guide, we are going to learn everything about P2P payment apps and how to build your own app. 

What are P2P Payment Apps? 

Peer-to-Peer payment applications is remittance or money transfer apps. They function as the middleware to support the successful transfer of funds between users. A P2P payment application has to be connected with a credit card, bank account, or debit card for smooth transfers. Many businesses are considering developing their own peer to peer payment applications. As a result, they are heavily investing in P2P payment app development to create innovative solutions for money transfer. 

These peer-to-peer applications rely on modern technologies to provide faster transactions that depend on banking regulations and transfer standards. Furthermore, the ease of use and convenience has made P2P payment apps gain massive popularity. 

Let’s Learn a bit About the Four Types of P2P Payment Apps

If you are going to start your own P2P payment application development, then you must understand the industry of peer to peer payment applications. Above all, there are Four prominent types of P2P payment applications. 

1. Bank-Centric Apps

Modern banks heavily invest in P2P payment app development to develop their own dedicated mobile payment apps or infrastructure. Furthermore, these apps are usually meant to work within a particular point-of-sale (PoS). People use these apps to withdraw or deposit money directly from their bank accounts. You can develop your own bank-centric app with the help of the right mobile app development company that ensures the best P2P payment app development process. 

2. Standalone Apps 

These P2P payment apps are known for facilitating online and in-person payment transfers. The users can connect their bank accounts to enjoy the features of eWallets. In fact, it makes it really convenient for users to store or send their money. Furthermore, these standalone apps usually don’t have any support from any banks. People from developing countries like India and Brazil enjoy the incredible benefits of the non-banking model. A leading mobile app development company can help you with the P2P payment app development process of building a standalone app. 

3. Mobile-OS Based Apps 

These peer to peer payment applications are limited to dedicated operating systems and ecosystems. For example, both Apple and Google have their own P2P payment apps that enable money transfer only within their ecosystems. These apps work with tokenization and biometric security measures to provide a very safe and reliable payment and fund transfer solution. You will need to get the best developers for smooth P2P payment app development to build a mobile-OS based app. 

4, Messaging or Social Media Apps 

These P2P payment applications greatly simplify the remittance process by removing the friction from the process. People don’t have to spend a lot of time on the stringent authentication process on these apps to initiate a transaction. WhatsApp has already launched its texting-based money transfer services in India. Ultimately, these apps take the convenience factor to the next level with a much simpler transaction and authentication process. 

Important Features to Include in Your P2P Mobile Payment App

Before you get started with the P2P payment app development process, you must learn about the core features that you must add to your P2P mobile payment app;

1.Two-Factor Authentication 

Security is a big concern in the P2P payment app development process. Thus, it becomes super important to eliminate the possibilities of unauthorized access that can compromise sensitive data and result in other risks. Accordingly, you should implement a Multi-factor authentication process as an added security layer in your P2P payment application. This can drastically reduce the chances of unauthorized access to the application. 

2.Sending/Requesting Money 

This is the core function of a P2P payment application that enables money transfer. Your developed solution must enable smooth money transfer with speed, safety, and simplicity. Moreover, the users should be able to send or request money from/to other users. A trusted mobile app development company can ensure effective P2P payment app development. 

3.User Wallet 

This feature will provide users with a central funds management system. Thus, the users will be able to keep an eye on their user accounts and bank cards. Your P2P payment application can be capable enough to scan bank cards to instantly add them to accounts. User wallets are the most critical component of P2P payment apps. 

4.Transaction History

The users of your P2P payment application should be able to view the details of all incoming and outgoing payments. The users should be allowed to find relevant data from the specific transfer that have been made before. Above all, this would help the users to make better informed financial decisions. 

5.Push Notifications and In-App Messages 

Informing the users instantly about the transfers is important because it helps them to make better decisions. This helps them to know about the latest updates related to their account and transfers. Moreover, you can also implement this feature during the P2P payment app development process for marketing purposes. 

6.User Account Settings 

Give complete control of the account to your users for better convenience and trust. Furthermore, they should be able to determine their preferred money transfer method and monitor personal data management. 

7.P2P Messaging

Although this is not a core functionality of peer to peer payment applications, it can provide a communication channel to build trust among the users. Furthermore, the users will be able to send specific information while making transactions on the P2P payment application. They can just communicate with each other without relying on a third-party messaging app. 

8.Easy Sync with Contacts 

This easy sync feature could also become a marketing tool to let people know about your money transfer services. The users of your P2P payment application will be able to see who is already using the app to send money right away. 

The P2P payment app development is a critical process to include these important features into your P2P payment application. Thus, you have to be very precise and descriptive before you start the development process. 

Steps to Develop a P2P Payment App

Strategizing and Research 

Before you start the P2P payment app development process, you must define a business strategy and research the market. 

1. Strategizing Your Business Model

To make your digital product successful, you have to understand the target audience, their unique needs, and the possibilities of using your services. You must know how will your P2P payment application help the end-users. To get started, you can try to answer these questions to understand the potential of your P2P payment app. 

• Who exactly will be using your app? 

You must know the exact user demographic characteristics with an in-depth analysis of the target market. As a result, you will be able to customize the end product accordingly. 

• When your users will try to use your product? 

You should know about the situations when people will have the urge to use your P2P payment application. 

• How will you earn from your P2P payment application?

Before you dive into the P2P payment app development process, you must figure out monetization options. 

2. Researching the Regulations 

You might come up with the most innovative ideas for peer-to-peer applications. However, it becomes important to understand the feasibility of your solutions because you have to rely on regulations. For example; cross-border money transfer places the significant challenges of different regulations depending on the geographical locations. Thus, it would be best, if you start complying with the regulations of the USA. Plus, you also have to make sure your partners are able to work with PCI DSS. 

3. Build Crucial Partnerships 

You have to build crucial partnerships with global names for your P2P payment application. It is not possible to develop an app like Venmo and Zelle. if you don’t secure partnerships with credible financial institutions. In fact, every successful partnership will help you secure the core payment features. 

4. Choose a Mobile App Development Company 

In the age of cut-throat competition, it is not feasible to build a P2P payment application on your own. Thus, hiring a top-rated mobile app development company makes sense to beat the competition with an innovative P2P payment application. 

The team required for building peer to peer payment applications: 

• Full-stack developers to build the server-side of the app 
• UI/UX designers 
• Mobile app developers for building the app 
• QA analysts to maintain the quality 
• Project manager to manage the entire project 

MobileCoderz can help you with the best P2P payment app development services to build industry-leading peer to peer payment applications. Our client-centric development process will give you complete ownership of your project and provide you with cost-effective services. 

Designing the Architecture 

Now that you are done with the strategizing and research part, you have to work on defining the architecture and user experience of your P2P payment application. 

– Defining the Architecture 

Defining the architecture actually means identifying the building blocks of your P2P payment application and choosing the right tech stack for the job. Only dedicated developers from a top-rated mobile app development company can help you with the decision. Above all, this process is just like building the foundation of a brick castle. However, instead of building materials, you have to select programming languages, APIs, databases, frameworks, cloud services, etc. 

The objectives that will be fulfilled by the architecture; 

• Your P2P payment application should be scalable 
• The P2P payment application could provide the best security standards 
• The P2P payment app should be able to integrate with other financial services 

The fundamental building blocks for the P2P payment app architecture: 

• P2P payment protocol 
• Databases 
• Risk assessment module 
• A logging instance 
• Multiple API integrations 
• Authentication service 
• Mobile user front ends 

– Preparing the Developers 

After determining the technical architecture of your P2P payment application, you have to debrief your vision to the developers. You will need to have the right team that follows a collaborative process. 

Determining the Nature of the P2P Payment App 

You have to determine the nature of your app depending on your specific requirements. These are three types of apps; 

a. Native Apps

These apps are built for a dedicated mobile operating system to provide a better user experience. However, it takes more time and resources to build native apps. 

b. Web Apps

These apps are hosted on the server and can be easily accessed through the internet on almost any platform. However, there could be limited functionalities. 

c. Hybrid Apps

These apps are built with a native design, but they are not limited to a single operating system. Thus, the developers can use the same codebase for building an app for multiple platforms. 

Crafting the App’s UI/UX

After defining the technical architecture of your P2P payment application, you have to design an interactive graphical part. 

– Prototyping 

You can understand and determine the design of your P2P payment application when you have a visual concept. Accordingly, the UX/UI experts can help you visualize your concept and tailor it according to your audience’s tastes and preferences. Prototypes help you gather useful feedback from the test users. Furthermore, it also enables you to achieve the ideal ease of use. After confirming the wireframes and prototypes, we will move to the next stage of P2P payment app development. 

The Development Process

After completing the designing process, we will start the development of the P2P payment application. This process will take full advantage of the developers in integrating the design and backend of the app. 

– Developing an MVP 

To get a fair idea about the final peer-to-peer app, you should create a Minimum Viable Product. This product will feature the basic functionalities without making you spend enormously on P2P payment app development. Plus, you will also get the chance to test the early version of the product and improve its experience. Developers will finalize the MVP once the solutions look ideal and flawless. 

– Core Development 

This process is all about packing the final product for release. The developers have to take the best measures in the P2P payment app development process to remove the chances of an inferior experience. After the development, the final product will be ready for testing. 

Testing the Peer to Peer Payment Applications

The QA process is also a very important process to ensure the quality and performance of the P2P payment application. A top-rated mobile app development company will deploy both manual and automated testing procedures to remove bugs, glitches, errors, etc. There should be multiple test cases to filter the P2P payment application and ensure maximum security. Furthermore, you can also build a user group to best test your app and the payment gateway. 

P2P Payment App Development Cost 

The total cost of P2P payment app development depends on a variety of factors. Thus, it is hard to give a fair estimate cost of developing peer to peer payment applications. Still, it might cost somewhere between $60k to $80K for a functional MVP and around $160K to $200K for a final P2P payment application. Below are some of the factors that may determine the P2P payment app development cost; 

• Development team size 
• Technology stack
• Chosen mobile platforms 
• UI/UX Design 
• List of features 
• API integration 

Why Choose MobileCoderz for P2P Payment App Development?

Peer to peer payment applications is surely changing the ways of national and international payments. In fact, more and more people are migrating from traditional banking services to innovative peer-to-peer applications for fund transfer. MobileCoderz is a Best mobile app development company that provides cutting-edge P2P payment app development services for businesses looking for growth and market opportunities. We always take a client-centric approach in our P2P payment app development services.

The post How to Build a P2P Payment App: The Complete Guide appeared first on MobileCoderz.

Continue reading this blog to learn how Flutter for web apps is ideal for developing your web application. 

What is Flutter Web App Development ?

Flutter web app development helps you in the development of complex web apps, graphically intensive, and interactive content to engage the end-users on a variety of devices. In fact, it provides a delivery model based on various web browsers for existing Flutter apps. It even works with Windows Apps.

In Flutter web app development, you will be able to render the apps smoothly just like your iOS or Android apps. In fact, you will be able to convert your development project into native code when you want to deploy the app. Flutter apps are almost smooth as native apps. However, the performance also heavily depends on the web browser and devices’ hardware capabilities.

Why Do Businesses Prefer Flutter Web App Development?

Businesses prefer Flutter web app development because it offers them a faster development process, reduction in development cost, and allows them to implement interactive designs and smooth animations. 

Flutter web app development gives them the perfect solution to develop a mobile and web app at the same time with the same codebase. Plus, it also offers an incredible user interface and experience that engages the users. Many businesses prefer Flutter since it is a cost-effective way of developing an MVP to showcase to the investors for investment purposes. Lastly, the fact that Flutter for web apps is backed by Google gives you an assurance of a bright future for this framework. You have the guarantee that Google will be releasing new updates and fix the existing bugs.  

How to Develop a Flutter Web Application?

Today, Flutter has become one of the most famous and prominent cross-platform frameworks. Big global companies like Alibaba, Google, BMW, Dream11, eBay and several others are using it to create mobile and web apps. Thus, let’s see how you can create your own Flutter app; 

Requirements in Flutter Web App Development

Before we dive into the development process, we should understand the requirements for Flutter web app development; 

• You have to first install the Flutter SDK  
• Then, you will need Google Chrome as Flutter for web apps relies on it for debugging web apps 
• You will also need an IDE (Integrated Development Environment) like Android Studio, Visual Studio, or IntelliJ IDEA for effective Flutter web app development 
• You might also need to install Dart and Flutter plugins to enable language support and tools. 

Programming Language Used in Flutter

Google had developed Flutter, which is based on the Dart programming language. This new language has the goal of replacing the classic JavaScript. For this reason, Dart programs can directly run on a server. The web browser converts the code into JavaScript with the help of the Dart2js trans compiler.

Steps of Flutter Web App Development

Step-Up the Editor

In the first step, you have to set up Flutter for web apps on your preferred editor. Then, you have to run it with the commands of your preference. In Flutter web app development, you have the option to use the current version or the stable version. Above all, choosing the stable version is a sensible decision because it provides better stability and reliability for the ideal development environment. 

Create and Execute

When you have the power of the latest web app development tools, the development becomes a lot easier, quicker, and smoother. You can just begin by creating a new project from the chosen IDE or with a command line. Unfortunately, the ‘hot reload’ option is still not there in Flutter web app development. Instead, we have to rely on the ‘hot restart’ option to launch the app quickly. 

Building and Deploying

You might need to hire flutter app developers from a Flutter app development company to run the command for generating the release build. Furthermore, you can utilize the ‘Flutter build web’ or release mode for fulfilling a directory with in-built files. These files are very useful for developers to understand the project structure and its key features to finish the final product. 

Working on the Design

The UI/UX elements are the most important elements of a mobile or web application. In fact, it determines the complete interactivity with its users or admins. However, the design of the web app depends on the web app type. In any case, you have to make sure your web app’s intent is very clear to the users. Thus, they will be able to understand your business at first glance itself. Furthermore, you have to be very precise and decisive with font, color palette, size, format, and other UI elements.

Working on the Images 

Next, you have to work on the images to make them compatible with the web application. In Flutter web app development, you must know that the web supports the standard ‘image’ widget to show the images to users. However, you might face certain limitations during image customization because Flutter gives more options to mobile devices than on the web.

Working with the Web Renderer

You don’t need to worry about web rendering because Flutter will automatically choose the web renderer while you are trying to create an app. For example, an app will automatically run with the HTML renderer if it gets executed on a mobile browser. Plus, an app will automatically choose Canvas kit while being executed on desktop browsers. However, when you hire flutter app developers, you have the free hand to change the web renderer according to your requirements.

Proper Minification 

In Flutter web app development, you never need to worry about minification. The Flutter framework is intelligent enough to handle the job minification by itself. In fact, it effectively removes unnecessary or redundant data in the mobile app development process. 

Testing the Web App

Developers have the option to easily test their application in the Flutter web app development process. You should first run the code on the Google Chrome platform to check its integrity and reliability. The web app will start compiling and then get executed on the browser automatically. 

Deployment

After completing the testing process, you have to deploy the app to a trustworthy hosting service. Thus, this will help you ensure that your apps have flawless performance and incredible security. A Flutter app development company can help to choose the most relevant hosting service from GitHub Pages, Google Cloud Hosting, Firebase hosting, etc.

Features That You Should Consider Adding During Flutter for Web App Development 

The list of features on your Flutter web app would ultimately determine the user experience and interactivity with the end-users. Thus, you have to be very decisive and careful while listing down the features of the Flutter web app. A Flutter app development company can help you align your business intent and user behavior with your app. Above all, the web app must be very accessible, fast, easy and fulfilling to use. 

• Include a search box or a navigation bar to help users to discover their desired information
• Use compressed images for user readability, faster loading times, and responsive design
• A push notification system to keep the users notified about the latest news and updates 
• Branding Information that will help you to create a brand identity and explain your offerings 
• An easy to understand dashboard to help your marketing and SEO team to understand and analyze user activity 
• Integration of a content management system to effectively manage content-heavy web apps

Technical Edge with Flutter Web App Development?

Using Flutter gives you access to an open-source mobile app development platform to create mobile and web apps. It is being heavily supported by Google to help developers to create cross-platform apps. These are some reasons for considering Flutter web app development; 

• It is a very flexible cross-platform app development framework
• Developers are able to rely on a single codebase for developing mobile apps and web apps
• Flutter gives a very consistent and uniform experience across different platforms 
• Developers are able to prototype much faster when they are using the Flutter framework
• The in-app performance is almost the same as a Native app 
• The developers are able to customize the features of the app with ease 
• The Hot Reloading features in Flutter web might be very complicated if you don’t have an experienced team 

Things to Consider While Using Flutter for Web

These are some notable points that you should know in Flutter web app development; 

• You can use Flutter Web for creating single-page applications 
• It is possible for a web developer to change the native code 
• You must make your Flutter app web responsive so that it could adapt to different devices with different screen sizes 
• Although you will find various packages that support web apps, it would be best to learn about the supported platforms before you start coding. 

Are You Looking for the Best Flutter App Development Company?

If you are looking forward to developing an innovative web application with Flutter, then MobileCoderz is the best flutter app development company with expertise in creating Flutter web apps. In fact, we have years of extensive experience in Flutter web app development. You can hire Flutter app developers to create industry-leading web apps to achieve your business goals. Flutter could be the right way towards perfect digital transformation and mobile app development. Moreover, we take the extra mile to provide custom Flutter web app development services to our clients for complete satisfaction. This has helped us to build an extensive portfolio of hundreds of clients coming from diverse industry verticals. 

The post How to Develop a Flutter Web Application? appeared first on MobileCoderz.

Custom healthcare software development has enabled healthcare companies to develop fitness, mHealth and telemedicine applications. Accordingly, the users are now able to track their health condition, and fitness stats, and receive treatment via virtual consultancy. In this health and fitness app development guide, we are going to learn how to build a health and fitness app.

Cost to Create Health and Fitness Applications

The health and fitness application development cost might depend on different factors such as design requirements, team size, functionality requirements, and development approach, chosen platform/s, etc. It might cost you around $6000 to $60,000 in the development process. Plus, you might need additional money for promotional purposes.

Let’s learn about the time that you would need in the designing, development, testing, and deployment process of the application; 

The Market Potential of Fitness Apps 

Undoubtedly, the market for health and fitness apps have grown massively after the Covid-19 pandemic. Above all, these are some facts and figures, which might astonish us about the market size of health and fitness apps; 

• According to MarketWatch, the global health and fitness app net worth is expected to reach $14.7 billion by 2026 and it will continue to grow at a whopping 23% CAGR.  
• According to a report by Statista, the annual revenue of health and fitness apps had already reached $16,857 million in 2019 
• The downloads of health and fitness apps increased by 45% worldwide, India witnessed the highest growth in downloads (increase by 156%). This brought 58 million new active users. 

Types of Fitness and Health Apps 

Before we dive into the designing and development process, we must know about the different types of fitness and health apps. This would help you better determine the fitness app development cost. Furthermore, telemedicine and fitness apps fall into the subgroups of mHealth applications. 

We can divide the health and fitness apps into four categories; 

• Nutrition and dieting apps 
• Sports and workout apps 
• Fitness activity tracking apps 
• Fitness coach and class finder apps 

Let’s Learn about each of the applications: 

1. Nutrition and Dieting Apps 

These days people are very conscious about what they eat throughout the day to achieve their diet goals. They want to record every nutritional value that they intake from their diet. Health and fitness apps are able to record individual diet schemes by tracking the nutritional value of a wide variety of food products. 

The nutrition and dieting apps are the perfect solutions to assist individuals to fulfill their necessary food portions, water balance, etc. Furthermore, the users are also able to learn about their calorie burn to gain/lose/maintain their weight. 

2. Sports and Workout Apps 

These days fitness apps for sports and workouts have become very popular among people. They can use these applications at their home if they don’t want to go to a gym. In fact, during the global pandemic, many workout applications were gaining massive popularity among smartphone and wearable devices users. 

The sports and workout apps enable people to create their own personalized plans for physical wellbeing. Furthermore, these apps consider the historical medical data to suggest the best recommendations for sports and workouts. Accordingly, this is only possible by considering the individual health and fitness requirements. Both amateurs and professionals can rely on these applications to improve their strength, stamina, speed, agility, and other physical characteristics. 

3. Fitness Activity Tracker Apps 

Instead of just tracking and suggesting workout and sports routines, fitness activity tracker apps help users to monitor their ongoing physical activities. Instead of working with historical data, these health and fitness apps focus on operational data sets that give personal progress insights. 

Users can track different metrics such as daily step count, walking/jogging/running routes and distances, heart level, oxygen level, blood pressure, and more. However, these metrics are generally collected from smart wearable devices and can then be shown on any display in the UI-driven and data-rich diagrams, graphs, and tables. 

4. Fitness Coach and Class Finder Apps 

These applications are very similar to mHealth or telemedicine apps because they also supplement communication between individuals. The fitness coach and class finder apps provide a great value to both gym owners and health enthusiast users. 

The users can rely on these applications to discover local gyms, personal trainers, and sports fields. Every detail like phone numbers, email addresses, office addresses, and reviews can be listed on these applications. 

 How Can You Make Money From a Health and Fitness App?

So far we have learnt about the different types of apps in this health and fitness app development guide. Now, let’s understand how health and fitness apps actually make money from the users. After rolling out your health and fitness app in the market, there are different strategies to monetize your fitness application. Thus, these are some most popular monetization approaches; 

• Paid Subscription Plans 

You can either create a one-time model or choose the SaaS payment approach for your health and fitness app. Thus, these approaches can ensure a guaranteed revenue stream for your application. 

• Freemium Model with In-app Purchases

The free version of your application will only provide users access to core features. Thus, they have to make a payment to access the more advanced and valuable features of your health and fitness app. 

• Cross-Sale Ads

The health and fitness apps often show ads on some screens to create a constant revenue stream. Thus, you can also implement ads without getting too annoying for the users and ruining the overall experience. 

• Built-in Promo Links and Content  

These links and content are generally owned by third parties and they lead the users to sponsor websites and social media handles. Thus, you have to be very careful if you want to implement this model of earning since it might put their loyalty to your health and fitness app at risk.

Core Features That You Should Add to Your Health and Fitness App

Advanced fitness application development might bring some unique features to the health and fitness apps. However, you must forget to integrate these basic features;

a. User Profiles 

Health and fitness apps are meant to create a personalized experience for the users. In fact, they should be able to set their personal health and fitness goals with the application. The users might have a  goal of gaining weight, losing weight, or eating healthy. Thus, your health and fitness app must have the ability to create user profiles in order to upload their physical data such as height, weight, age, and medical conditions. 

b. Notifications 

Health and fitness apps have become the motivating factor behind our healthy bodies. Your app must have In-app notifications to keep motivating the users continuously. In fact, these notifications can be about almost anything including diet plans, workout plans, weight loss/gain plans, etc. 

c. Tracking Physical Activity 

Tracking the physical activities of the user is the main of a health and fitness app. It could be achieved by connecting the smartphone to wearable devices and integrating Google Fit API or Apple’s Health Kit. Furthermore, These APIs help in the fitness application development by accessing the health and fitness data collected from different devices.  

d. Social Sharing 

You must consider social sharing in your fitness application development because these days everyone is connected through instant communication channels. Thus, the users of your health and fitness app might want to share the fitness results with their friends and family. 

e. Geolocation

Your health and fitness app should be using hardware capabilities and geolocation facilities to show accurate data. In fact, your app should show how many kilometers the user has walked, cycled, or ran with the help of a map. Ultimately, this is a huge motivation and satisfaction factor from users’ point of view. 

f. Tons of Customization 

Health and fitness app users love to fiddle with settings and customize to personalize their user experience. Thus, you must consider customization options like push notifications, reminders, theme settings, font sizes, and more during your fitness application development. 

g. Personalized Workout Plans 

If you are getting into fitness application development, then your app should provide personalized workout plans depending on your user’s preferences. Plus, you can also allow them to create their own workout plans. 

h. Building Goals 

There’s a sense of complete satisfaction when we achieve our goals. Above all, the health and fitness app should allow users to set their personal goals and share them on social media platforms. This makes the user experience more engaging and fulfilling. Furthermore, the users are constantly motivated to push their limits and achieve more in their fitness goals. 

i. Educational Material

Fitness enthusiasts often search for blogs and videos related to health and wellness. You can integrate some educational material during the fitness application development process. Above all, the content could be about anything like workouts, diets, lifestyle, or any other topic that might create interest among your target audience. Ultimately, this will make sure that the users spend more time on your health and fitness application.  

Health and Fitness Application Development Process

Now, it’s to learn about the complete fitness application development process in our health and fitness app development guide. Accordingly, we have divided the process into different steps for better understanding; 

1. Research and Analysis 

Before diving into fitness application development, you must understand the market and the potential of your app idea. In fact, you have to understand the mindset of your target audience and the devices that they are likely to use. 

Understand what problems you will be solving in your health and fitness app and how it differs from your competitors in the market. Your app idea must drive value and utility among the users. Then, you will be able to capture the attention of your target market. Moreover, you can also conduct a competitor analysis to polish your idea and take a step further than your competitors. Lastly, in the research and analysis process, you might yourself the following questions; 

• What are the key USPs of your health and fitness app idea? 
• Which mobile platforms should you cover to reach your target audience?
• How do you envision people using your application? 

2. Hiring the Right Fitness Application Development Team 

The technical team behind the development process plays an important role in determining the overall success of the app. You can build an in-house development team for the job. However, hiring a mobile app development company could be a more sensible decision because you will get access to a team with years of experience in mobile app development and expertise with multiple tools and technologies. Lastly, you should pay attention to the following factors while hiring a mobile app development company; 

• Experience in the mobile app development market 
• Diversity of mobile app development portfolio 
• Customer feedback of the company 
• Availability of developers working on different stacks 

MobileCoderz, a healthcare and fitness app development company that can fulfil your fitness application development in the most professional manner and under your defined budget. 

3. Prototyping and User-Testing 

Prototyping is all about the interactive representation of your application. Furthermore, it helps the app owners learn what might actually work and what might not. In fact, this fair idea about the design and functionalities becomes critical in the future development process of health and fitness apps. Lastly, there are two types of prototyping used in the development process of these apps; 

a. Low Fidelity Prototypes 

These low-cost prototypes are used to get the initial look and feel of a future application. In healthcare application development, these prototypes are used to check the validity of ideas and concepts. Users consider it a great way of envisioning the product, flow, or certain block. 

b. High Fidelity Prototypes 

These prototypes have become an integral part of the fitness application development process. This option provides a much clearer vision of the final product. However, it takes more time and resources to be designed. Developers consider these prototypes as the best way to test design for compliance with accessibility requirements and hypotheses. 

Choose the Right Technology Stack 

Once you have got your prototype ready and the idea validated, it’s time to choose the right technology stack for fitness application development. 

Let’s discuss why you need to choose a technology stack; 

• The chosen technology stack might affect the budget for healthcare application development 
• A technology stack might create a certain limitation on your mobile app’s capabilities. 

So what are the options? 

– Native Applications 

Native apps are meant to provide a more authentic user experience on a dedicated mobile operating system. They are able to utilize the full potential of platform hardware and produce an incredible user experience. However, it takes more time and resources to develop native applications. 

– Cross-Platform Applications 

These applications are able to run on multiple platforms using the same codebase. Developers take the best advantage of platform-independent technologies such as HTML and CSS to deliver a great user experience just like native applications. React Native, Flutter, and Kotlin Multiplatform have gained massive popularity for creating cross-platform apps. Thus, the health and fitness app developers can create a single application and reuse much of the code on both iOS and Android. 

– Progressive Web Applications

These applications are a great way to scale an existing web application into mobile applications. The developers don’t have to rely on external or platform hardware while developing progressive web applications. However, this approach is rarely chosen from health and fitness apps. 

– UI/UX Designing 

After selecting the right technology stack for your health and fitness app, you have to work on the UI/UX design.

The user experience is the most important aspect of any application these days. Your app development team has to work on a comprehensive application interface and screen relationships. Lastly, this should be your UX strategy while developing your health and fitness app; 

• Make a proper information diagram to show data structure and interconnections
• Work on the high-fidelity prototype with interactive features 
• Create a roadmap of your project plans with tasks and deadlines 

– MVP Development

Developing a Minimal Viable Product gives you multiple benefits in the fitness application development process. First, you can reduce the overall development cost. Then it could shorten the time to deploy the application. Lastly, it could provide vital feedback from the customers. Developers can then analyze the feedback given by the customers to further tweak the design and functionalities of the health and fitness app.

– Development of the Application 

This is where all the planned features are implemented in the application and create the required software architecture. The mobile app developers will be focusing on user feedback and the progress of the health and fitness application. Moreover, it is always better to develop the application by following the Agile methodology. 

– Testing the Application 

This is where the QA engineers will be creating special test cases for the app to conduct rigorous testing. Testing can be done by both manual and automated methods. Above all, the intent of testing is to find critical errors, bugs, and vulnerabilities in the application. Furthermore, the QA engineers can also suggest the scope of further improvements in the application. 

Where do you need to focus during the testing process? 

• Fixing flaws in the app 
• Identifying issues in the app 
• Gathering input from users and evaluating it
• Improving the app’s functionality 
• Understanding the KPIs for the mobile app 

– Deployment of the Health and Fitness App

The deployment process isn’t easy especially if you are developing your app for multiple mobile platforms. There are some rules and guidelines by Play Store and App Store, which must be followed by the app publishers if they want to publish the health and fitness app in their respective stores. 

The development team of your application should create a definitive checklist during the development process. Therefore, this will help you ensure smooth deployment of the app on iOS or Android (or both).  

– Maintenance of the App

The development cycle of the health and fitness app is not complete even after the development. Furthermore, you must monitor the success of your application through analytics tools and reviews. This would further help you to tweak the overall experience and maximize user satisfaction. 

These are some critical tips for maintaining your application; 

• Use built-in mobile analytics tools like Google Analytics or Flurry to learn about the application usage 
• Keep an eye on the user reviews and app feedback (through app store reviews or emails) 
• Keep updating the app according to the current trends with new features to stay relevant in the market  

Team Required for Fitness Application Development 

The size of the team depends on the scale and complexity of your health and fitness application. For effective fitness application development, you might require the following professionals in your project; 

• iOS/Android Developers 
• Project manager 
• UI/UX designer 
• QA engineer 
• Backend developer 

Reasons to Hire a Fitness App Development Company? 

It is always better to outsource the fitness app development because you might be able to comprehend the challenges faced in the development process. Plus, it is hard to constantly adapt to the ongoing changes in the market. Therefore, the right development team can help you fulfil your requirements related to time, resources, and quality. 

These are some points to consider: 

• They can handle the huge workload of your fitness app 
• Manage the complexity of your app and all the features 
• Give dedicated time for timely development 
• Project managers to follow up on your defined deadlines 
• Keep your budget intact during the development process

Hire MobileCoderz for Health and Fitness App Development 

If you want to develop world-class health and fitness apps, then MobileCoderz could provide you with the perfect development team for the job. We have experienced fitness app development developers with years of experience and expertise with the most innovative tools and technologies. Accordingly, you can get fully customizable mobile applications with our expertise and professionalism. 

The post How to Build a Health and Fitness App: Step by Step Guide appeared first on MobileCoderz.

Gone are those days when fitness and health were just for those who attended the gym. Nowadays, everyone is striving to live a healthy life and makes an effort to exercise frequently. This health awareness among people has created a huge market for best fitness apps.

So, what app budget should you have to be able to afford to create a cost of  fitness app? 

Here, we’ll examine how to create a fitness app, what features you need to include, and the cost to develop a fitness app you’ll require. 

Learn how to get the attention of your audience and save money by fitness app development cost. Let’s get started!

Factors that Determine The Fitness App Development Cost

To answer the question “how much will it cost to develop a fitness app” it is necessary to take a look at the following cost determinants:  

1. Integrations with Tools

The integration of a fitness app with web services, multiple servers, payment solutions, or even external information sources (and even a basic Facebook integration) adds complexity to the application. 

This means that your fitness app will incur development and maintenance costs. There are also other risks that it could cause. E.g., instances where the application you wish to integrate might not have the appropriate API in place.

So before you get straight into the process of creating an app you can hire a mobile app development company.

2. Features You Add

If you estimate the fitness app development cost,  you must be certain of the features you wish to include. This will significantly influence the amount of time needed by the developer. 

Consider the various filters and push notifications, search engines, training suggestions and login to the user’s account, payment, and so on. 

Certain features may only require some time, while others may take weeks. Furthermore, if requirements require specialization from skilled app developers, this can also affect the cost.

Do you wish to incorporate an AI-powered feature in your fitness app? A recommendation system that suggests learning based on user behavior and prediction models will certainly give you an advantage in the market. Keep in mind that AI development services are expensive (around $10.000-25.000 to begin with an initial Proof of Concept) & will require the right amount of information in advance.

Fitness App Development Types: Web App, Mobile App, or Both?

There are a variety of possibilities when it comes down to the kind of app you’re looking to create, and each has cost implications of its own. 

In general, you can select between web-based apps (either Accelerated Mobile Pages (AMP) or native mobile apps (iOS & Android apps) and Progressive Web Apps (PWA).

#. Design Complexity

The complexity of design is an aspect that you must consider in your  fitness app development. If you’re satisfied with the interface for your app by simply using the existing design templates, you can save money on this.

However, if you’re looking to create something unique, with a flair that differentiates your brand, you’ll need to invest in hiring app developers for a stunning design and feature-rich application. 

Another important element is how engaging you wish your app to be and the kind of animations that could be included. These factors impact the entire design price. The more complicated your app, the more expensive your fitness app development budget will be.

Below, you will find an approximate fitness app development cost and time. To estimate an accurate price, it is necessary to understand the project’s requirements.

Location of the Mobile App Development Company & Developers

For best fitness apps such as Calm and MyFitnessPal, you require an expert team composed of a Project Manager, an iOS developer, a quality assurance, a business analyst, an best  Android  app developer, and a UX/UI designer. The typical cost for hiring an entire development team is between $24 and $150 plus per hour.

Developers from various regions can offer different hourly rates for fitness app development services. For instance, the USA and Australia are the most expensive places to find software developers. Developers from India have the lowest costs. Also, the cost per hour of a developer can greatly impact the final fitness app development cost.

Overall Cost Of Building A Fitness Mobile App

The cost of the best fitness apps depends on the number of features and complexity. Taking into account the above elements, a mobile app development company can break down the price of a fitness app using the following factors:

• UI/UX Design
• iOS & Android application development for native apps
• Backend development
• Web development
• MVP testing
• The quality assurance  

When you add all the above components, the health and fitness app can cost around 25k-30k USD on the iOS & Android platform  

How to Cut the Cost of Developing Apps?

Provide All Project Requirements. Before you begin your fitness app development project, outline the functional requirements as clearly as possible. If you don’t meet these requirements, it could result in the app not being able to satisfy customers’ needs (as well as working hours & missed deadlines).

Make the app less functional. If you are looking to cut down on fitness app development cost, begin with the prototype model. Software Prototyping can help clarify the customer’s requirements early on. Additionally, this model facilitates interaction between designers, developers, users & customers. 

Benefits of Software Prototyping include:

1. Well-coordinated communication, fewer mistakes, and less rework
2. Good mutual engagement; developers commit more than half of the time to avoid rework for projects. Correcting mistakes at the final development phase may be much m
3. Involving the user in the process

– Select the developer team carefully.

Consider all the advantages and disadvantages and choose a fitness app development company with expertise and significant experience. Professionals with experience perform faster and more efficiently. With a reputable fitness app development company, you will be able to achieve the best cost-effectiveness and also receive an excellent product.

– Keep track of mistakes and rework.

As IEEE points out in their study “Why Software Fails,” ore costly (up to 100x or more). A developer will need around five hours to resolve bugs at the coding stage, while the time could increase to 15 hours in the final stage (“The Economic Effects of a Poor Infrastructure to Support Software Testing, 2002”). Resolving bugs that arise the moment they happen is less painful and more affordable than trying to fix bugs within the finished version application. So it is advisable to keep checking your fitness app development services errors and bugs from time to time. 

– Don’t cut corners to your QA team.

A well-trained QA team will conduct the necessary tests and ensure that the product is bug-free, saving you money. Engage with the team working on the development. Remember that the creating any product requires the interaction between two parties involved: developers and end-user. The more frequently such an interaction takes place, the more the team can comprehend the client’s vision for the project.

Why Choose Us?

If you choose an experienced mobile app development company, you’ll be working with a team having an established, trusted development process and the necessary skills and knowledge.

Through our experience as a trusted fitness app development company too, you can access the latest technology available. A developer partnered with a top agency offers the advantage over a freelance developer or an in-house team.

We utilize cutting-edge technology to offer our clients only efficient services. Our goal is to create digital products. We have the most advanced technologies available on the market. As a user, you get the advantage that your application is secure for the future.

Some Last Words

As we conclude this blog, it is evident that the industry of fitness apps is extremely competitive. Yet, there is a chance to succeed if you can develop innovative and distinctive features that you can offer users. Remember the rule to get success is delivering the best fitness app development services to all users.

Before you begin the process, it’s worthwhile to hire a skilled mobile app development company like MobileCoderz to develop fitness apps. We conduct an extensive market research process, identify the audience that you want to reach, and integrate the best technology. Contact us today! 

The post Cost to Develop A Fitness App | Full Guide appeared first on MobileCoderz.

Find it hard to believe?

Everydays: The First 5000 Days is the most costly NFT which created a sensation in the market. This digital artwork was sold at an auction house and purchased by a cryptocurrency investor who made the payment for this NFT in ETH.

Do you know what the sale price was? It was $69.3 million. 

Human One, a hybrid physical and digital artwork NFT was sold for $28.9 million at the same auction house in 2021.

Cryptopunk #The 7523 uniquely generated pixel art character on Ethremue’s Blockchain was sold out for $11.75 million at Sotheby’s auction in 2017. 

Cryptopunk #3100 sold for $7.67 million, Cryptopunk #7804 sold out for $7.57 million, and there are still many NFTs that have made million dollars. 

NFT is the hottest trend in today’s market. In 2021, the NFT market alone exceeded the $40 billion figure. Brands, companies, tech entrances, business ventures, startups, and investors are heavily chasing after NFTs considering its present fast growth and future prospects. 

OpenSea- the biggest NFT marketplace shared its report saying its total value reached $13 billion after a recent jump in the user base. Axie Marketplace, NBA Top Shot, Larva Labs, Rarible, SuperRare, Foundation, Mintable are the popular NFT marketplaces that are making millions and billions of dollar revenues. 

But how successful are these NFT marketplaces successful? There are over hundreds and thousands of NFT marketplaces currently running on the Internet, but why are these platforms generating such huge revenue?

It is because most NFT marketplaces have certain limitations and none of them can fully satisfy and meet all expectations of users. But the top NFT marketplaces which are earning billion dollars are successful because they specialize in offering generic services and premium features to the most popular NFT classes, rather than focusing exclusively on NFT categories. 

If you are an aspiring business person who wants to develop an NFT marketplace that makes huge revenues, here in this NFT marketplace development guide, MobileCoderz will discuss how to create an NFT marketplace that makes you successful. 

So let’s get started… 

What is NFT?

NFT is a non-fungible token which is a digital asset minted on a certain blockchain network. NFT could be any type of digital asset like music, video, image, artwork, metaverse which are encrypted with a unique code. NFTs are unique cryptographic tokens which cannot be replicated and exist on a blockchain network. They can represent real-world objects in encrypted digital form as well.

NFT has a unique digital signature or encrypted code which makes it impossible to be exchanged, hacked, or equal to one another. Therefore, they are called non-fungible NFTs. One NBA Top Shot Clip is not equal to one RARI (Rarible’s currency). They both are NFTs but they can’t be exchanged for the same price or same value. 

Most popular examples of NFTs involve

• Digital version of an original physical artwork
• In-game item
• Music 
• Video
• Audio
• NFT art app
• Creative writing
• Signature

What is the NFT Marketplace?

NFT marketplace is the digital platform where people list out their NFTs for sale. It is like an eCommerce platform where NFT creators from all over the world list out their NFTs for sale and buyers or investors who are interested in purchasing NFTs. To put it in a nutshell, NFT marketplace is an online trading platform for NFTs. 

So to use these marketplaces, a user needs

1. A crypto wallet
2. A definite amount of coins in the wallet
3. A user account

Top NFT Marketplaces in 2022

• OpenSea
• Axie Marketplace
• Nifty Gateway
• Larva Labs
• NBA Top Shot Marketplace
• Mintable
• Rarible
• SuperRare
• Foundation
• Theta Drop

What is NFT Marketplace Development?

NFT marketplace development is about creating an NFT marketplace. Developers, programmers plan how to develop the NFT marketplace that allows people to sell and buy NFTs on a common platform. 

Developers use blockchain-based technologies including Ethereum, Solana, Cardano, Binance Smart Chain, and Polygon to create the features and functions of the NFT marketplace. Now you have a basic understanding of the NFT marketplace. Let’s know in this NFT marketplace development guide, how does NFT marketplace work.

How does an NFT Marketplace work?

The purpose of developing the NFT marketplace is to allow users to create. sell, and buy assets in the form of non-fungible tokens. This marketplace takes a certain fee or commission from the NFT seller usually between 2.5-5% of the transaction done. 

NFT creators or sellers receive profits in terms of a definite percentage of the initial scale profit and royalties. Thus, the main source of revenue for an NFT marketplace is the commission or fee earned from each NFT sold. If you understand the functions of this platform from an NFT seller’s point of view, the marketplace includes the following things.

• Creating a user account with a linked crypto wallet for storing coins or NFTs
• Creating NFTs by uploading digital items 
• Tokenization of assets
• Listing NFTs for sale
• Making transactions
• Bids placement

Options for NFT Marketplace Development

There are mainly two options for developing NFT marketplaces

1. White label NFT marketplace development

White label NFT marketplace development is about creating an NFT marketplace for selling NFTs. It doesn’t identify with their brand. From the white label NFT marketplace, customers buy ready-made NFT which they rebrand as their own. 

Advantages

• Budget-friendly
• Time and effort saving

Disadvantages

• Lack of special features 
• Less control over product quality

2. Custom NFT marketplace Development

Custom NFT marketplace means creating a unique product as per specific requirements. It includes collaboration and close communication with the service provider. For this type of NFT marketplace, you need to make a detailed plan of features and goals of the platform for the NFT developer. 

Advantages

• Dynamic development process
• Unique product requirements

Disadvantages

• Time and effort consuming
• Costly than white label

How to Develop NFT Marketplace

1. Define Your Niche

The first step in NFT marketplace development is to define what is your niche. You need to determine what types of NFTs or digital assets you will allow in your marketplace for buying and selling such as

• Digital art
• Music
• Twitter post
• Social media comment
• Trading Cards
• Big Sports Moments
• Memes
• Domain Names
• Games
• Collectibles
• Property ownership rights
• Virtual Fashion
• Comedy collections
• User-created ASMR
• NFTs related to any culture
• Luxury items
• Programmable art

You can choose as many types of NFTs as you want for your niche. While analyzing all the prospects of competitors you should think of your target audience and the asset they would like to tokenize. Whether it is digital files or physical you should choose what types of NFTs you will allow for trading. 

2. Decide The Technology Stack 

Choosing the technology stack for NFT marketplace development requires a good understanding of your goals and technology. Here are the main categories for that you need to choose the frameworks and technologies accordingly:

1. Blockchain platforms

• Ethereum
• Flow
• Tezos
• Cardano

2. Storage Platforms

• IPFS
• Filecoin
• Pinata

3. NFT Standards

• ERC712
• ERC 998
• ERC 1155

4. Front end Frameworks

• React
• Angular 
• Vue

5. Cloud hosting platforms

• Elastic Compute Cloud (EC2)
• Filecoin 
• InterPlanetary File Systems (IPFS)

6. Database management systems

• MongoDB
• MySQL
• PostgreSQL 

7. Programming languages

• JavaScript
• Kotlin
• Python
• Solidity
• Swift
• Typescript

8. Smart contract deployment tools

• Drizzle
• Ganache
• Truffle Brownie

3. Decide the Features of Your NFT Marketplace 

No matter what type of NFT marketplace you are going to build, you should incorporate effective features that attract your target audience and easily engage them with your platform. These features should enable users to create, explore, list, and sell various types of digital assets or NFTs and give them a seamless experience. 

• Profile registration
• Creating non-fungible tokens
• Attractive storefront
• Creating and managing asset listings
• Digital wallet
• Token search bar
• Create listings
• Bidding and auction
• Advanced tokens search
• Token listings
• Rating system
• KYC/AML verification

4. Find an NFT Marketplace Development Company

Once you have decided on the tech stack and features, it’s time to find the NFT marketplace development company which can create the platform using the listed technology. You can either recruit an in-house team to build your platform. But it will impact a lot on your budget. Therefore, you should try to hire a professional developer or dedicated NFT marketplace development company which can implement your concept efficiently. 

5. Create an MVP 

Start testing your platform by creating an MVP version with a minimal set of essential features to check the viability of your NFT marketplace. With this version, you can analyze how your platform works and its features respond to user inputs. This will give insights into whether your platform needs any changes. You can find potential risks or technical errors and immediately remove them to reduce the cost of the development before its final launch. 

6. Test and Release

Now you are all set to release your NFT marketplace. But for you to launch the platform in the market. Make sure you conduct multiple rounds of tests to check whether all the features are working properly. Therefore, you can try releasing a demo version at first and get real-time feedback from users. 

Besides this, you should plan based on user engagement metrics from the first users to timely improve or make changes to your platform in the future.  Keep your marketplace up-to-date with market trends and user requirements and thus you will be able to generate great profits from your NFT marketplace. 

Conclusion

The NFT sector is thriving significantly and creating more scope for the future. Investors are now heavily investing in NFTs and collecting valuable digital assets from different marketplaces to sell at higher prices. 

This commercial trend in NFT has enabled popular NFT marketplaces OpenSea, Rarible, Super Rare to make millions of dollars. If your platform provides dynamic and unique features for creating and trading different types of NFTs, chances are you can win easily in the market. 

Therefore, you should partner with a reliable NFT marketplace development company that is expertise in the NFT field. And MobileCoderz is top blockchain development company that can help you develop an advanced and feature-rich NFT marketplace that will allow you easily compete with popular platforms and other competitors and make huge revenues. 

If you feel interested, let’s us discuss your idea

Book a Call and Speak with our NFT Experts Now.

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