View Single Post - Why Know the Average Cost of Software Development?

mikkeljensen · Rated PG

First, let's evaluate how much money worldwide businesses are willing to spend on software and digital transformation. According to Gartner, global IT expenditures are expected to reach $5.72 trillion in 2025, up 9.3% over the previous year. This means that the demand for tried-and-true methods of estimating software development expenses will continue.

Why is it so important to carefully calculate the software development cost from CONTUS tech, effort, and timeline for your project? Otherwise, your company may join the lengthy list of businesses that failed as a result of software adoption and deployment.

As an example, consider the potential digital platform HealthCare.gov. The debut date was set for October 1, 2013. The project funding was set at $93.7 million. The resource had to make it possible for millions of Americans to get innovative healthcare plans with the flip of a finger.

Well, everything failed. Inadequate software development pricing estimation resulted in major challenges in platform development and countless errors in project delivery. It caused major troubles during the website's launch, including data leaks and other critical issues.