How Much Does It Cost To Implement Real-Time Updates in Your App?

Utilizing real-time updates in your personal or business application is no longer an option but a necessity. Most business applications are adopting real-time features such as: push notifications, instant messaging, real-time feed, and tracking live orders. The rising adoption of real-time notification occurs because real-time features deliver information to users in action-time incidences and scenarios.

There’s no doubt that real-time updates have made themselves available in mobile and app development in recent years. For instance, since 2015, instant messaging apps have witnessed a substantial uptake. Today, both established firms and upcoming start-ups are adopting real-time features to strengthen connectivity and power interactivity between users and their brands.

Companies and internet users can benefit immensely from real-time app updates, as both enjoy reliable and quick communication and information exchanges. That is the reason many sectors – healthcare, food and beverage, banking, insurance, technology, education, and retail – are witnessing a rise in real-time features in their apps.

How Businesses and Customers Benefit from Real-Time Updates

The history of real-time updates dates back to when stock market traders realized that it took a long time to update charts and close trade. Real-time updates were developed to update stocks and trades. Shortly, more sectors started embracing real-time updates to streamline internal communication and information exchanges. Real-time features soon migrated to reputable applications such as Uber, Airbnb, Facebook, Instagram, and Twitter. Most apps are equipped with one or another form of real-time technology, thanks to earlier developments made in the stock market.

The following are just but a few advantages of real-time updates:

  • Apps with real-time updates can generate a higher degree of user engagement. Real-time technology helps apps to replicate real-world human behavior. For instance, users can handle multiple tasks simultaneously like, talking to friends while booking a ride in a cab-hauling app.
  • Through real-time updates, users can get connected more naturally. For instance, one can follow friends, share live locations, and message online using these applications.
  • Real-time features enable programmers and developers to focus more on the app’s core competencies. These core competencies include innovative features, upgraded user interfaces, and interactive user experience.
  • With the cloud delivery networks available, developers need not worry about maintenance and related expenses. When developers make real-time updates to users, they can rely on public clouds like the Amazon Web Services AWS.

Examples of real-time updates you can integrate into your app include:

  • Real-time feed
  • Push notifications
  • Integration of IoT devices
  • Multi-user collaboration
  • Live messaging
  • Live streaming
  • Live tracking order status

Here’s how your business and your customers can benefit from real-time updates

1. Real-time messaging

There’s no doubt that people love instant messaging. Messenger apps with multi-group messaging, media sharing, video, and voice calls are a classic replacement for the otherwise archaic, inconvenient SMS messaging. The prominence of instant messaging apps is evidenced by the rise of instant messaging platforms like Slack, Telegram, LINE, and Viber. According to Statista, there were 1.82 billion app users in 2017. This figure is expected to skyrocket to 2.48 billion by 2022.

2. Push notifications

Push notifications have become a necessity for most mobile and web applications. Notifications inform users about critical events, pull them to a brand or a product, and encourage users to use products more. For instance, 21% of users abandon your app after the first use. Thanks to push notifications, you can get users to return to your app by reminding them about its existence. The social app can encourage users to open it and download it by informing your users about recent news or events. However, be careful not to overuse notifications when choosing the right frequency for push notifications.

3. Real-time feeds

An in-app feed feature that updates immediately when new content is published is a necessity for all social networking applications. Twitter, Snapchat, Instagram, and Facebook allow users access to new content and updates without updating their feeds. The advantage is that your app becomes sticky with real-time feeds because users get the latest and most relevant information in real-time.

4. Live data streaming

Live streaming is widely used in many business sectors – from real estate to logistics and social networks. Live data streaming allows an app to create and deliver data to end-users, facilitating deep user engagement. Live streaming is considered the precursor of video streaming.

Developed in 2007 by Periscope, live streaming allows users to create videos and share the videos on platforms where other users can play the video content via smartphones or desktop computers. When Periscope made a market entry, video streaming went viral.

Later, the video-streaming feature was adopted by players such as YouTube, Instagram, Facebook, and now TikTok. Indeed, the popular video streaming platform Twitch has been built around the same live streaming technology – allowing users to stream games and get paid for that.

One of the reasons companies are adopting live streaming as a real-time update is the possibility of connecting with audiences and building user engagement. In 2017, Livestream collaborated on market research with New York Magazine and found out that 80% of the respondents would rather watch a live video than read a website or a blog. For instance, Ustream App is a classic example of an app that uses live video streaming. The app blends augmented reality, 360-degree video capabilities, and virtual reality to transform live streaming experiences.

5. Order status updates

This feature is crucial for on-demand shipping and delivery companies as it helps bridge the trust gap. Users want to know that their orders (products or services) are safe and sound. Indeed, users are more than willing to track the progress of their orders for transparent customer relationships. Research shows that customers care about transparency and accountability in shipping and deliveries.

For instance, 82% of respondents indicated that retailers must constantly communicate at every stage of the delivery process. 45% of respondents track their order status using phones and SMS messaging, while 84% use email to stay updated. So, how can you improve user satisfaction? Well, provide customers with regular updates about their orders. That means providing them with a convenient and efficient way to track their orders via an app.

Other ways customers and businesses can benefit from real-time updates include:

  • Multi-user collaborations
  • Real-time data analytics
  • Control and integration of IoT devices

The internet of things represents a classic example of real-time functionality, whereby data from devices or sensors is conveyed instantly to the end-users.

The Cost of Installing Real-Time Updates on Your App?

It’s crucial to understand app development cost indicators to understand how much it costs to install real-time updates on your app. Well, several years ago, there was a key difference in app development cost between two main platforms – Android and iOS. However, today that difference is not significant. The only driving factor in the difference between app development costs is complexity.

Today, the major factor to consider when calculating the cost of installing real-time updates is the complexity, which can arbitrarily be segmented into – complex, medium, and simple. For instance, the price tag for a simple update ranges from $10,000 to 30,000. Medium-complex real-time updates range from $20,000 to 40,000, and complex real-time update installation cost between $40,000 to $60,000.

The complexity levels of real-time updates

Simple updates Medium updates Complex updates
 
Push notifications Real-time messaging Live data streaming
Real-time feeds Multi-user collaboration Integration of IoT devices
  Live to track of order feeds

Real-time updates installation costs

Simple complexity Medium complexity Complex complexity
$10,000 – $30,000 $20,000 – $40,000 $40,000- $60,000

It’s important to remember that the above numbers are just but a ballpark. They are supposed to offer you a birds-eye view of the prices you’re expected to pay for a real-time installation depending on the complexity, size, and scope of installation.

Maintenance Costs

Every app has an ongoing maintenance cost, no matter who designed or created it. Once an app is created, you have to track its performance, additional updates to install, and let users know of new updates or feeds. If your app leverages a server to store information like payment information and user records, you’ll have to pay to manage this storage.

Every app needs regular and ongoing maintenance and real-time updates to keep users engaged, happy, and coming back for more. In addition, depending on your app’s complexity, you can incur additional costs for emergency maintenance, servers, push notifications, processing, and many more.

So, how much does it cost to maintain an app, including installing real-time updates?

Well, the answer to this question depends wholly on how it was built. You can save significantly on upfront costs with a cheaper developer or programmer. However, if your app is not designed up to par, you’ll run significant expenses as your app grows and attracts more users. It’ll be expensive to install updates if your app didn’t meet the standard requisites of a conventional app.

A good estimation is to budget 20% of your initial app development cost for new real-time updates and installations. If your initial app development cost was $100,000, estimate $20,000 per year for updates and real-time installations.

However, if you outsource NS804 mobile app developers, you get to enjoy subsidized installations of real-time updates. However, be informed that different service providers offer varying costs depending on the app’s complexity, the scope of installation, and other factors.

Why are Real-Time Updates Important?

Real-time updates provide convenience, save time, and enhance user engagement. Investing in real-time updates prevents your app from being obsolete. For instance, in 2016, the Apple App store removed 50,000 apps from the App Store for being obsolete. With technology advancing at an unprecedented pace and with changing user habits, it’s becoming imperative for app developers to adopt real-time updates. Chances are that without real-time capabilities, your app will crash and burn.

If you’re still thinking about why you should install real-time updates, check out the following reasons:

  • Minimizes uninstalls. Apps with regular crashes and annoying bugs frustrate users, driving them away. Similarly, if your app doesn’t offer updated functionalities and information, users may find no reason to use it.
  • Better user experiences. You just don’t want users to download your app; you want them to use it. That is because developing long-term relationships with prospective users is the key to your app’s success. And to nurture lasting and valuable relationships with users, you’ll need to offer a unique user experience that comes with real-time updates.
  • Stay ahead of the competition. Millions of apps in the App Store and Google Store are competing for users’ attention. So, users cannot download and begin using all these apps. To beat the competition and stay at the top, you’ll need to ace your app with new updates, including: push notifications, live streaming, instant messaging, and feeds.
  • Safety from cyberattacks. With increases in mobile apps, there’s a corresponding increase in cyberattacks. So, it’s crucial to ensure the safety and security of your app to prevent exploitation and safeguard sensitive data and information.
  • Increases ROI. Real-time updates offer room for maximizing the returns on investment and decreasing the cost of acquiring new users. Once your app goes live, you’ll probably face crashes and bugs somewhere. Real-time updates provide a reliable communication channel when users face unprecedented service disruptions.

NS804 – Masters in Real-Time App Updates Installation

NS804 ensures that individuals and businesses get the best from their app development journey. With years of experience designing cutting-edge technology solutions, NS804 allows clients to estimate app development costs with an app development calculator. The significance of real-time updates cannot be undermined, with the growing emphasis on superior user experiences in customer relationship management. Real-time updates reinforce relationships by providing a reliable and constant channel of communication.

Contact NS804 for timely solutions in app development and real-time app update installations.