Custom software development is known as the process of creating, deploying, and designing a software for specific purposes or users. The maintenance is also handled by the same team and is used by most functions or organizations.
These types of software are usually designed for specific purposes like a service equipment maintenance program for a manufacturer or an online app, like a banking app, that has unique requirements needed to cater to its clients specifically. They can be performed by third parties or an in-house team.
The price will depend on a lot of things. Usually it is some or all of the following:
There are cheaper alternatives called off-the-shelf software development or boxed-software, although these have their downsides one being they are made for mass marketing and not a specific purpose unlike custom software.
These are some of the factors you need to consider when investing in custom software development:
You will be in full control of the project since the team will be following your lead and will create a software that will cater to your needs.