The cost of a mobile app development project is the top question for CEOs and business owners who want to venture into the mobile revolution. Here's our input into how much it may potentially cost you to build a mobile app (for major platforms such as iOS and Android) this year. It's based on external research as well as our own experience with making apps for numerous clients in various industries.

Clutch.co surveyed dozens of United States mobile app development companies to identify the average cost of application development in 2015.

Initial development costs shared two common hourly rates: $100 per hour and $150 per hour where offshore rates ranged between $50 - $100 per hour. However, this cost would vary depending on the development models and tools used to to create the app. The high median of hours to develop an app -- planning, design, features, infrastructure, app administration, testing and deployment -- was on average 1,143 hours. Infrastructure development had the widest cost range of all development stages, costing between $10,000 - $60,000.

Read about mobile app development.

On average, it can take up to six - eight months to build an app for iOS or Android. Kinvey surveyed CIOs and Mobile Leaders and found 56% of leaders saying it takes seven months to more than one year to build an app. As many as 18% say on average they spent $270,000 per app. Leaders agree that mobile application development is “costly, slow and frustrating.”

The cost of mobile app design and development is not a one-time cost. Art Wittmann (@ArtWittmann) of Information Week shares his thoughts:

“The short-term investment in creating those first pristine apps is likely to be the tip of the iceberg in terms of people and capital costs. You’ll need to make a sober assessment of the short- and long-term costs of supporting the practice.”

Forrester estimates the average amount spent on customer mobile apps ($50,000 - $150,000) turns out to be just 35% of the true two-year cost. On average, over 80% of leaders reported updating their apps at least twice a year and nearly a third updating once a month.

At Intersog, we understand the cost and time it takes to execute an app from conception to launch. With our agile methodologies and strong project management skills, we have been successful with keeping app development projects under $100,000.

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Vik is our Brand Journalist and Head of Online Marketing / PR with 11+ years of international experience in IT B2B. He's also a guest blog contributor to Business2community, SitePoint, Journal of mHealth, Wearable Valley and other IT portals. You can contact him directly on LinkedIn.

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