Enterprise Application Development – Who Needs It and How Much It Costs

Modern enterprises, if they want to stay competitive in the market, need to follow the trends of the contemporary digital world. Now as we enter the connected customer service age, enterprise application development gains momentum, because the connections between the companies and their customers as well as employees offer enormous value.

Businesses can unlock real-time data streams with the help of enterprise applications.

No wonder, according to Statista, the overall IT spending on enterprise software in 2022 is expected to exceed 675 billion U.S. dollars worldwide, showing 11% growth compared to 2021.

At present, this segment is considered the fastest-growing one in the IT industry. The global revenue for enterprise application software is expected to exceed 420 billion U.S. dollars in 2025. With around a quarter, 100.7 billion U.S. dollars, in its largest submarket of the enterprise resource planning (ERP) software, followed by CRMs, customer relationship management solutions, and content management software app markets.

Still, to develop an effective enterprise solution, you need to adopt a new approach to software creation. So, let’s look into the significant aspects of enterprise application development in 2023.

What Is Enterprise Application Development?

Let’s first find out what an enterprise application is. It’s a solution designed to integrate the computer systems of an organization for its work coordination, core business processes integration, and effective cooperation throughout the enterprise.

The cutting-edge enterprise solution can manage all the processes of accounting, sales, finance, human resources, inventory, and services in real time and also link the company with its customers, suppliers, and business partners in the most effective way possible.

So, the key functions of an enterprise app are:

  • Keeping company data up-to-date across systems;
  • Aligning enterprise divisions and brunches towards common goals;
  • Bringing costs between departments down;
  • Facilitating data-informed decisions;
  • Creating a centralized place to manage corporate processes.

The process of such app creation and deployment facilitates reaching business goals and satisfying the corporate needs of an enterprise. Intended to automate functionality and workflow, such a solution should be user-friendly and scalable so that it can grow when the business grows.

Custom enterprise application development was earlier realized by large in-house development teams with an IT infrastructure setting, accompanied by security and maintenance concerns. Due to the shortage of talent and the necessity to invest in infrastructure and tools, the process of enterprise app development was time- and budget-consuming.

The new demands of the connected world have resulted in cloud platforms’ introduction. Since speed, agility, and scalability are crucial for modern software creation, enterprise application development services are actively adopting cloud technologies. It has fundamentally changed the approach to enterprise application development, making it agile and collaborative, allowing it to interact with both internal business teams and agencies external to the company, incorporating the end user’s essential needs.

Cloud platforms enable developers to collaborate without the installation and configuration of expensive or time-consuming hardware, more than that the specialists and teams can communicate in real time wherever they are.

APIs, built-in tools, user management possibilities, security, reusable UI components, data integration options, and templates are available on cloud platforms, all of this helps to effectively cope with the challenges in enterprise app development. Moreover, variable cloud service models, like SaaS (Software as a Service), PaaS (Platform as a Service), and IaaS (Infrastructure as a Service) help businesses to make their applications operate faster.

Types of Enterprise Software and Who Needs It

In fact, enterprise applications comprise a wide range of solutions with variable architecture and functionality. So, the answer to the question above is – any organization with consistent business processes needs an enterprise software solution.

All the enterprise software can be divided into

  • Management apps
  • Analytic Software
  • Team collaboration solutions
  • Storage Enterprise Applications

Management Apps

The first category is one of the most significant, it comprises process management solutions in various areas.

Enterprise resource planning, human resources, and business management spheres require such solutions for smooth and effective work.

ERP software covers the areas of accounting, procurement, production, distribution sales, customer services, human resources, corporate performance, and governance.

Such giants as Bosh, Marc Jacobs, and Nestle, for instance, successfully use ERP solutions for business management and all business parts integration.

HR management applications are widely used to introduce corporate values and processes. Behind every mighty company stand its people, culture, and values as well as well-arranged processes, strict deadlines, and planned actions.

Solutions like Zoho People, Clear Company, WorkBright, and WorkStyle relieve the multi-layered HR departments' work, streamlining the processes.

Business management solutions are usually intended to increase business efficiency. Promapp, KiSSFLOW, Appian Low-Code Platform, and Nintex, for example, can be integrated directly into the existing architecture of the company and improve the workflow.

Business management solutions are usually intended to increase business efficiency. KiSSFLOW, Appian Low-Code Platform, and Nintex, for example, can be integrated directly into the existing architecture of the company and improve the workflow.

Analytic Software

Processing data and using it to gain benefit is nowadays a must for every business, otherwise, you’ll quickly lose your competitiveness in our rapidly developed world. There are applications that facilitate data gathering, reading,, and processing for business advantage. Tableau and Holistics are to mention a few.

Business Intelligence software also comprises Data Warehousing solutions, Master Data Management (MDM), and more.

Team Collaboration Solutions

It’s another group of enterprise applications that includes software for team communication and collaboration. Hardly there is a person now who has not heard of Slack, and some other solutions like Smartsheet, Forecast, Monday.com. All these solutions help team members stay connected, synchronized, and collaborate effectively on the company’s important milestones.

The main types of this kind of applications are CRM (Customer Relationship Management) systems allowing one to keep in touch with existing and potential customers or CMSs (Content management systems) essential for digital content or routine workflow creation.

As a rule, such solutions are browser-based, agile-focused, flexible, and synchronizing in real time.

Storage Enterprise Applications

Every successful business once faces the necessity to systemize and store the content. So, special applications help to retain content according to the business standards and principles of the company. Examples of such apps include Snowflakes, RStudio, Workato, and much more.

Developing enterprise applications vendors often use cloud computing or cloud infrastructure, there are also hybrid solutions. Let’s look closer at the process of development.

Developing enterprise applications vendors often use cloud computing or cloud infrastructure, there are also hybrid solutions. Let’s look closer at the process of development.

Enterprise App Development Process at Stfalcon

Modern businesses progressively opt for custom app development, because they fail to find a perfect fit among the ready-made solutions.

So, to satisfy a client, an enterprise application development company should provide a really powerful solution that scales. However, every product starts from the idea and research, so at Stfalcon we always start from the discovery.

Discovery Stage

It’s not the ideal UI or clean code that makes software leading-edge, it’s often the commitment to the idea that makes a product stand out. So, we listen to our client, imbibe the idea, and interview executives, project managers, and team members to understand the business goals and requirements up-to-date. Then we proceed with market, customer, and audience research, data analysis, and brainstorming to form a concept of a well-balanced solution.

It’s vital to grasp the business idea and the problem to solve, as well as the KPIs to meet. We look for the balance of technology, innovation, and brand identity. As soon as we have analyzed all the inputs, we frame the precise project demands and agree on our concept with the customer.

Design and Development

Once the technical side, feature matrix, and sprint plan is created and agreed upon, the app development process moves on to the next stage of design and development.

Interactive prototypes are created aimed to provide ideal user interaction with the digital product and then developers implement the app’s functionality through front-end and back-end engineering, API integration, and much more.

Stfalcon is an experienced enterprise mobile app development company, so we can create any kind of app, be it iOS, Android, or Cross-platform solutions. Due to the fact that a custom business app is built around the client’s requirements, we create it able to integrate with any existing software you need.

Testing

We put it a mission to provide our customers with bespoke bug-free and well-functioning products. That’s why testing is inevitable, and we run both manual and automated testing to ensure exceptional software quality.

Publishing

We help our clients with application publishing, so you can rest assured your app release will be fast and hassle-free. We roll out the developed enterprise apps and maintain their smooth work.

Support

Stfalcon guarantees fast problem resolution and troubleshooting in case a bug is reported by the client. What is more, we make our solutions scalable to be in tide with your business growth and changes, whenever it’s necessary we can help with the due adjustments.

So, let’s move on to the sensitive question of cost.

How Much Does Enterprise App Development Cost?

Being the most usual, this question is the trickiest. One is for sure, it costs!

However, each project is unique, and to provide an accurate estimation of the project, we need to take all the factors into consideration.

Enterprise mobile app development cost is determined by the platform, whether it’s a native iOS or Android solution or a cross-platform one, the programming language and the corresponding tech stack, the features to implement and integrations to provide, and much more.

Generally, the cost of development for an enterprise application would start from $100K.

Native applications are often more optimized and tend to perform better, but if you are tight on budget, you may go for a cross-platform solution. However, the latter will most probably require certain compromises in terms of some features and functionality.

The cost of development also depends on the team you want and the level of specialists involved, because junior, middle and senior developers have different hourly rates. However, junior does not necessarily mean worse, as well as it does not always stand for cheaper.

Final Thoughts

Custom enterprise app creation can be a challenge due to the extensive databases, multifaceted integrations, and security issues. It’s a complicated process, that requires thorough research, planning, and consideration of every detail. However, proper enterprise software is a long-term investment into your business's effective operation and consequently competitiveness.

At Stfalcon we always craft the product around our client requirements with the best practices and latest technological advances in mind. So, you may be sure your product will ideally match your processes and effectively solve your operational tasks.

The best way to learn more about the features needed and to get an accurate project estimation is to come in touch and discuss every detail with a Stfalcon expert. So, let’s talk it over!