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How much does it cost to build a market research app for the finance sector?

Standard price for a market research app for the finance sector: $37,500

Find out the cost to build your own custom market research app for the finance sector:

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What is a market research app for the finance sector?

A market research app for the finance sector helps financial professionals collect and analyze data to make informed decisions about investments. A market research app designed for the finance industry should include a variety of question types, such as multiple choice and numerical input, to enable users to capture accurate survey responses. The app should also provide an intuitive way to export collected data into other apps or software programs for analysis and presentation.

Market research apps, such as Polls & Surveys, are similar to other consumer analytics apps like voting apps and market research tools. Zoho Survey is a popular example of a market research app.

Here are some recent market research app for the finance sector examples built with Xperts:

  • A foreign exchange app mobile app to do the following: pull up-to-date market data

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What is the typical cost to build a market research app for the finance sector?

A market research app for the finance sector usually costs $37,500 to build. However, the total cost can be as low as $25,000 or as high as $50,000. A market research app for the finance sector with a low number of features (also known as a "minimum viable product", or MVP) will be more affordable than an app that includes all intended functionality.

For example, here are some recent price quotes for a market research app for the finance sector from Xperts:

  • $7,000

How long does it take to build a market research app for the finance sector?

A market research app for the finance sector usually takes 93 hours to build. However, a market research app for the finance sector can be built in as few as 93 hours, or in as many as 93 hours. The exact timeline mostly depends on how complicated your app is. As a general rule, it will take longer if you require highly custom designs, niche features, or non-standard release platforms.

For example, Xperts produced the following recent hourly estimates for a market research app for the finance sector:

  • 93

How to successfully grow your market research app for the finance sector

A market research app can attract users from the finance sector by connecting them to relevant information. Market research apps have a very specific purpose, but they can grow quickly if they are able to provide access to the right data. In order to achieve viral growth among finance professionals, a market research app must provide useful data and incentives for users who are highly knowledgeable about the stock market. Features that might increase a market research app's adoption among financial experts include real-time notifications, customized trading algorithms, and intelligent portfolio analysis.

Risks and challenges of building a market research app for the finance sector

Market research apps for the finance sector can face legal risks associated with the gathering of personal financial information, the collection of personally identifiable information, and the use of user data. Before creating a market research app that collects financial information, you will want to ensure that you have legally defensible consent mechanisms in place to avoid claims of unlawful data gathering. You should also ensure that your app meets all applicable privacy laws by anonymizing sensitive user information before storing it.

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