Cost of Developing an App Like the Parimatch App
The cost of developing an app like the Parimatch app can be quite expensive and can range from $25,000 to upwards of $200,000. This cost is attributed to the advanced features found in such a betting app. However, crafting an app like Parimatch is definitely a noteworthy and prospering endeavor.
However, the cost of its development is influenced by multiple unavoidable factors such as app complexity, features incorporated, expertise & location of the mobile app development company, etc. Well, creating an app like the Parimatch betting app requires understanding the app’s development costs.
If you are working on this project, then learning the cost of its development is crucial, thus we have come up with this guide that explores the cost, and essential factors influencing these expenses to help you budget effectively for making a top-quality gambling app.
What is the Parimatch App?
The Parimatch app is a product of the online betting company, offering a platform for users to play and bet on popular casino games that pay real money, including sports like football, tennis, and basketball.
It gives live odds, fast betting options, instant updates, and various betting markets. The app ensures safe payments through its secure payment gateway, user-friendly layout, and robust security safeguards.
It also offers customer service and promotional deals, making it an all-around tool for both newbies and experienced bettors. This app strives to provide a seamless and engaging gambling experience through its ingenious features and reliable performance.
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Cost of Developing an App Like the Parimatch App
The cost of developing an app like the Parimatch App might cost anywhere from $25,000 to $200,000 or even more. However, depending on several elements, this cost may increase a lot, including features complexity, the expertise and location of the app development company, and compatibility with platforms are among these factors.
The crucial things that adjust the expense of creating an app like the Parimatch App are the number of sports and betting markets it covers, the selection of the technology stack, integration of payment gateways, and the live streaming potential.
However, if you need to understand the overall cost of the betting app development like Parimatch, then make sure to consider the table below carefully:
| App Type | Features Integrated | Cost Range |
| Basic App | Simple Features | $25,000 to $47,000+ |
| Medium App | Average Features | $45,000 to $80,000+ |
| Complex App | Advanced Features | $65,000 to $300,000+ |
These estimates mentioned above in the table ($25,000 to $200,000+) encompass initial phases of development, frontend & backend development, testing, and app deployment but exclude app maintenance and marketing costs.
Also Read:- Cost To Develop A Gaming App!
Platform-Specific Cost of Developing an App Like the Parimatch App
The platform-specific cost of developing an app like the Parimatch App differs, depending on the chosen platform and development approach. iOS app development and Android app development are the most popular platforms in high demand for betting app development.
However, there are other platforms as well that require a similar focus and offer various benefits to considerable users. Here is a table that outlines the approximate costs of different app development platforms:
| App Platform | Cost Range |
| iOS (Native) | $30,000 to $200,000+ |
| Android (Native) | $25,000 to $185,000+ |
| Cross-Platform | $45,000 to $ 100,000+ |
| Web App | $25,000 to $79,000+ |
These cost estimates mentioned above in the table encompass UI/UX design, app development, testing, and app launch but exclude ongoing maintenance and updates.
Native app development for iOS and Android typically costs more because they mandate separate codebases and specialized expertise.
Cross-platform app development frameworks like Flutter or React Native can reduce costs by sharing code across platforms. However, web apps are one of the most effective options for developing betting apps.
Breakdown of the Cost of Developing an App Like the Parimatch App
Understanding the cost breakdown of developing an app like the Parimatch APK helps in budgeting effectively. So, here are the key stages that are involved in fantasy app development with the approximate cost involved in the specific phase.
1. Planning and Ideation
This is the first stage of developing one of the best casino apps like Parimatch, involving market & industry research, defining requirements, and creating a project roadmap. To learn its cost, make sure to consider the below points carefully:
- Market research and competitive analysis: $1,500 to $3,000+
- Defining the app’s scope, features, and user stories: $2,000 to $4,500
- Project management and documentation: $2,000 to $4,000
2. UI/UX Design
In this phase, UI/UX designers create wireframes, UIs, and mockups in order to acquire user retention and engagement. This procedure typically costs around $5,000 to $15,000+, based on the app quality, design, and the total number of screens.
- Wireframing and prototyping: $5,000 to $15,000+
- Visual design and branding: $3,500 to $11,000+
- User experience optimization: $2,500 to $13,800+
3. Frontend & Backend Development
Building the core functionalities of a gambling app like the Parimatch app such as server-side logic, user interfaces, etc usually ranges from $25,000 to $200,000+. It is typically the soul of your overall casino betting app development like Parimatch, and hence the cost is high.
- Frontend development (React Native, Flutter, etc): $30,000 to $150,000+
- Backend development (server, APIs, and databases): $25,000 to $200,000+
- Integration with payment gateways and third-party services: $15,000 to $35,000+
For Any Query:- Seek help from the best Backend Developers!
4. QA Testing
Quality Assurance encompasses unit testing, integration testing, and user acceptance testing (UAT) that guarantees that the online gambling application is bug-free, top-performing, and highly scalable. The all-inclusive cost of QA testing is $20,000 to $45,000+ based on the types of testing mandated.
- Unit testing, integration testing, and end-to-end testing: $20,000 – $45,000
- Performance testing and optimization: $15,000 – $30,000
- Security testing and compliance: $25,000 – $42,000
5. App Deployment
The app’s release, on platforms such as the Apple App Store and Google Play Store, involves certain costs. Additionally, these include app developer’s account charges and the need to meet specific guidelines. As a result, you can expect the costs for deploying the app to be around $7,000 to $15,000.
- App store submission and review: $5,000 – $10,000
- Hosting and server setup: $3,000 – $7,000
- Continuous integration and delivery: $6,000 – $15,000
Make Your Gambling App Accessible to Users with App Store Optimization!
Maintenance and Marketing Costs of the Apps Like the Parimatch App
Maintenance and marketing are extremely important for betting apps like Parimatch. App maintenance generally involves bug fixes, regular updates, and server maintenance. The upkeep of an app usually ranges from 15-20% of the initial creation cost every year.
This generally ensures that your app remains functional, secure, and up-to-date with the expectations of your users. In addition to this, app marketing is crucial for user acquisition and retention and generally includes strategies like influencer partnerships, social media campaigns, App Store Optimization (ASO), and partnering with influencers.
Effective app marketing campaigns may cost you around $25,000 to $75,000+, depending on the channels and scale used by you. Both app maintenance and marketing are enduring investments that are essentially mandated for enduring app growth and user engagement.
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App Maintenance Costs
- App updates and bug fixes: $10,000 – $30,000 per year
- Server maintenance and hosting: $5,000 – $15,000 per year
- Third-party service integration updates: $3,000 – $10,000 per year
App Marketing Costs
- App store optimization (ASO): $5,000 – $20,000 per year
- Paid advertising (social media, search engines): $50,000 – $200,000 per year
- Influencer marketing and affiliates: $20,000 – $100,000 per year
- Content marketing and SEO: $10,000 – $50,000 per year
Cost of Launching the App Like the Parimatch App on the App Store
The Google Play Store charges $25 as a one-time fee for publishing an app whereas Apple App Store levies $99 on an annual basis. In addition to this, both platforms may require adherence to their policies, which might necessitate further betting app development and testing expenses.
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Apple App Store Publishing Cost |
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| Components | Descriptions |
| App Store Name | Apple App Store |
| App Store Fee | $99 Per Year |
| Publishing Timeline |
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Google Play Store Publishing Cost |
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| Components | Descriptions |
| App Store Name | Google Play Store |
| App Store Fee | $25 — One Time Fees |
| Publishing Timeline |
|
Additionally, App Store Optimization (ASO) is extremely important and generally costs around $$5,000 – $20,000 per year in order to enrich app visibility. Lastly, promotional activities are mandated to boost initial downloads. They can add $5,000 to $10,000 to your costs, bringing the entire cost of releasing an app to be between $7,000 and $15,000.
Factors Affecting the Cost of Developing an App Like the Parimatch App
The cost of developing an app like the Parimatch App, offering gambling or casino games that pay real money varies substantially based on various factors among which a few popular ones are mentioned below.
1. App Features and Complexity
App features and level of complexity matter the most when considering the cost of developing an app like Parimatch.
Features like odds calculations, live betting, data visualization, and payment integrations. However, more advanced features require more effort and time for developing the app.
2. Platform Choice
Building native apps similar to Parimatch for iOS and Android separately might cost more. However, you can save money by developing a cross-platform app with React Native or Flutter.
With this method, you can develop an app like Parimatch with fewer expenses as you get to use the same codebase on various platforms.
3. Design and User Experience
The level of design complexity such as wireframing, visual design, and prototyping can boost the cost of betting app development.
In order to ensure a smooth and engaging user experience, additional effort and resources are highly required, thus the cost of the designing phase is generally higher.
4. Location of the App Development Company
The geographical location of the app development team can substantially influence the overall cost. For instance, app developers in regions like North America or Western Europe charge higher costs than regions like Asia and Eastern Europe.
5. Third-Party Integrations
Incorporating third-party services like payment gateways, analytics tools, and live data feed can add additional costs just because of licensing fees, ongoing maintenance, and API integration.
6. Security and Compliance
Implementing robust security measures, including fraud detection, data encryption, and adherence to restrictions like GDPR or industry-specific requirements, can elevate the cost of app development like the Parimatch app.
Tips to Reduce the Cost of Developing an App Like the Parimatch App
Reducing the cost of developing an app like the Parimatch app mandates careful planning and strategic consideration of numerous factors. As a result, we have come up with 6 essential tips that will help you reduce the expenses of your Parimatch casino app development.
1. Prioritize Features
Think about your app’s features seriously and decide which features are most important and what your audience wants.
Begin with the basic features. Slowly add the more complex ones in later releases. This approach will help you reduce initial app development costs.
2. Consider Cross-Platform Development
Instead of creating separate native applications like the Parimatch app for Android and iOS, you must make sure to think about leveraging cross-platform frameworks like Flutter or React Native.
These frameworks allow you to share a single codebase across various platforms, thus reducing the betting app development effort, time, and costs.
3. Leverage Open-Source Technologies
Leverage open-source libraries and frameworks anytime.
This approach will not only save the costs associated with the licensing feed but also reduce the time of app development by utilizing pre-built components and functionalities.
4. Outsource to Cost-Effective Regions
Think about outsourcing the app development work to those locations where the overall labor cost is generally less, i.e., Asia, Eastern Europe, or Latin America.
But remember! You must stick with a reliable and experienced app development company that knows its stuff well to keep your app quality top-notch.
5. Implement Agile Methodology
Adopt an Agile development approach such as Kanban or Scrum.
This methodology facilitates frequent collaboration, communication, and iterative gambling app development cycles, allowing quick adaptation to emerging needs and better cost control.
6. Optimize for Minimal Viable Product (MVP)
Start with a Minimal Viable Product (MVP) that contains just the key features mandated for a successful app launch.
This method allows you to enter the gambling app market seamlessly, ensuring validate the concept of the app before putting resources into more features.
A Quick Review
The cost of developing an app like the Parimatch app is influenced on the basis of multiple factors. Knowing these considerations lets you manage your budget smoothly for a successful app launch.
Remember, investing in top-notch development and effective features will attract and keep users engaged and satisfied in the long run.
If you’re certain about creating a betting app like the Parimatch app but need an affordable company, consider reaching out and contacting to our experts at Mobulous. We can turn your app idea into reality.
FAQ’s – Cost of Developing an App Like the Parimatch App
Q. Is Parimatch safe to play?
Ans. Yes, Parimatch is safe to play for every user. It is a reputable and reliable online sports betting, gambling, and casino platform that pays real money.
Q. How to create an app like Parimatch?
Ans. In order to create a gambling app like Parimatch, then make sure to follow the below steps carefully:
- Understand the market
- Plan your app
- Integrate key features
- Design the UI/UX
- Select the right technology stack
- Begin with the app development process
- Implement security measures
- Test the app
- Launch the app
- Post-launch strategies
Q. What is the cost of developing an app like the Parimatch App
Ans. The cost of developing an app like the Parimatch app costs between $25,000 to $200,000 and even more. Nevertheless, it may vary significantly, depending on multiple factors, including sophistication of features, expertise & location of the betting app development company, platform compatibility, etc.
Q. Is it expensive to create an app?
Ans. Native app development generally involves developing apps, particularly for one platform, such as Android or iOS, leveraging platform-specific languages like Kotlin for Android and Swift for iOS. As a result, native app development costs range from $25,000 to $200,000, based on the app complexity, features incorporated, and app developer rates.
