In the last ten years, the entertainment industry witnessed a drastic change. Video streaming apps affected what and how we watch content. The streaming apps like Netflix took a massive leap in acquiring the market. In this read, let’s go through the video streaming app development process and the cost involved in building one.
The video streaming services use the internet to distribute content to customers directly through two functional types of video streaming. They are live or On-demand video streaming apps. Let’s see how they differ from each other.
Live video streaming apps: These applications are designed for simultaneous media recording and real-time viewer broadcasting. The content can be broadcast directly to a user without saving them. Here during the streaming, the content is exclusively accessible online.
On-demand video streaming apps: These apps enable users to pick and view preloaded content whenever and wherever they want. The data is kept on the server and accessible to users on pay per view basis. Major platforms like Netflix and Amazon Prime dominate the market.
Let's look into some factors that come into play when deciding on the cost to build a successful video streaming service.
Measures to take into account during cost estimation
Choose your target market and the devices on which your app will be accessible. It ranges from iOS/Android video streaming apps and desktop OS to smart TVs and websites. This will decide in what way the app should be developed.
Establish Your Market
If you want to create a lucrative app, you need to decide on a market niche. On-demand video streaming services provide several options. Choosing the right bet will bring you more loyal subscribers.
The most expensive and challenging issue video streaming providers face is content licensing. Here, the program's creators must grant a license to the online video streaming service based on certain terms and conditions for the platform to broadcast the content.
Cost to build a video streaming app
The video streaming apps like Netflix are built with cutting-edge technologies that provide several features and capabilities. As a result of long-term research and a huge investment of time and money, their functions are seamless across various platforms. This is the reason why It's never easy to calculate the cost of building an on-demand video streaming platform.
Determining the app development cost with definite figures is a challenging process. The size of the application, the number of features incorporated, and the way of implementing UI/UX depend while figuring out how much the cost to build the app is.
If we see all their variables and criteria to estimate the cost of developing an app, the market standard says the simplest version of a video streaming app will cost around 20,000 USD - 25,000 USD and may take 4 to 6 months to build. On the other hand, a moderate to the advanced level streaming app will need around nine months to build with a cost between USD 25,000 and 35,000.
While developing a video streaming app like Netflix with best-in-class content selection, UI, and usability, the only aspect to consider is user engagement. The development cost to build an app may vary as per your demands. Discussing your ideas and requirements with an app development team will help you determine the precise cost to build the application. Pixbit Solutions is one of the best video streaming app development companies in India, and if you have any enquiry about video streaming app development, do contact us.