How much does it cost to create a social network?

The truth is, a mindfully developed social media app can be helpful for both- you and your targeted audience. Since people are spending an average 2 hours 24 minutes on social media on a daily basis and this time has been growing since 2012. While there is no way to predict the future. But, considering the current statistics, it is fair enough to say that global usage of social media apps will likely to increase in the coming future.

Where millions of people are being engaged on social media apps for numerous topics on a daily basis, even highly functional websites fail to achieve that level of engagement that social media platforms provide. And this is the sole reason why businesses are spending in social media applications to fulfill the needs of the specific audience.

But, before stepping towards developing a social media app for your startup, it is important to understand a few things that help you achieve success in the thriving app development market.

Here are the key highlight of this blog:

Growing Popularity of Social Media Apps: Latest App Trends and Statistics

Type of Social Media Apps You Can Consider to Develop in 2021

Main Features and Functionalities that Can Make Your App Successful

Advanced Features To Create a Social Networking App

Development Team and Tech Stack Required to Develop Social Media App

Choosing the Best Social Media App Monetization Model?

How Much Does It Overall Cost to Build a Social Media App in 2021?

Let’s discuss each point in detail for better understanding:

1. Growing Popularity of Social Media Apps: Latest App Trends and Statistics

Undoubtedly, social media apps are growing at a rapid pace and can ensure you a great success in future. Still, it is worth analyzing the market and evaluating the statistics to determine the scope of launching your social media app in 2021.

Here are the key statistics of social media market that you need to know:

Over 1.1 billion Chinese internet users will access social networks in 2025, up from 926.8 million social network users in 2020.

The Internet has 4.54 billion users and 3.725 billion users have social media accounts, spending on an average 142 minutes a day on social media accounts.

91% of retail brands are using 2 or more social media channels for the brand promotions.

With millions of users on social media platforms, each social network is making millions of revenue.

Social networking apps, such as Facebook, Twitter, and Instagram, provide people all over the world a platform to connect and communicate. If you are considering developing such an application and wondering what would it cost, then first decide the following:

1. On which platform you will launch the app
2. Features and complexity of the app
3. Technologies stack required to build the app
4. Size and location of the development team
5. Experience of the developers
6. UI/UX design

Besides these, there are many other factors that impact the total cost of social networking app development. Developing a social media app is not an overnight task. It requires a considerable amount of experience and expertise on the latest tools and technologies to build a successful app.

Calculating Roughly, you might need to pay somewhere around USD 90,000 to USD 120,000 for the development. The price may vary according to your specific requirements. To develop the app, find a reliable and trusted mobile app development company with a prior experience in creating social networking applications.

You can also consider hiring dedicated developers from a reliable source for your project. No matter which option you choose, make sure you do thorough research to ensure your project is in expert hands.

According to the survey report, the average price of developing a simple app is starting from $40,000 to $60,000, medium complex can cost you in between $61,000 to $69,000 and the complex app can go above $100,000+.

There are thousands of mobile app development companies around the world that claim to be

Hy, I am Lana Voutik, i would like to write blogs on technology and latest marketing facts. i am Specially write on mobile app development services.