Title: Cost to Develop Video Streaming App like Netflix
1How much does it Cost to Develop a Video
Streaming App like Netflix?
2Did you know Netflix has approximately 86 million
global users and around 47 million US users
alone? VOD app development is increasing at a
rapid rate, and the main reason behind this is
the variety of content that these video streaming
apps like Netflix and Amazon prime have. These
apps have compelled these Millennials to
binge-watch, but even the older generation is not
far behind. Also, the ease of watching your
favorite show or movie anytime and anywhere is a
driving factor in making these apps successful.
3How do apps like Netflix make money is the first
thing that you must know if planning to invest in
a video streaming app development. Reports say
that Netflix is worth US 6.78 billion. Talking
about how do they make money, so here are various
business models via which free apps make
money. Talking about Netflix, it makes money via
a subscription model. Netflix and other VOD apps
like Amazon Prime offer a free one-month trial
after which they have to pay a monthly
subscription fee. This fee varies depending upon
the type of service users want to avail of.
4Now no one wants to use an app that does not have
anything to offer. So, to make your VOD app
development a success, you must include
outstanding features that can enhance your users'
experience. Some of the features that Netflix
offer and you must also include in your app are
- Video-Sharing
- Multiple Device Support
- Multiple-language Support
- Various Payment Option
- Playlist
- Watch Later
- Download the video
- Mark as Favorite
- Advanced Settings
- Social Media Sharing
5An app can be successful only when users love
using it. And hence, you must focus on improving
the user experience and offer them some
easy-to-use features. You must also focus a lot
on easy navigation and attractive UI UX elements.
Also, Netflix offers two separate panels for both
users and admin, which is an added advantage. You
can also ask your video-streaming app development
company to create different panels and include
below-mentioned features
User Panel Admin Panel
Login/sign up Login/sign up
Profile creation Manage Users
Create playlist Manage Genres
Recently watched videos Manage Trailers
Similar videos Manage Notifications
Trending videos Manage Payments
6How much does it cost to develop an app like
Netflix?
- Talking about video streaming app development
cost, it is not a fixed amount. The cost to
create a VOD app differs based on the following
features - App complexity
- Team size
- Type of app (Native or cross-platform)
- Location of app development
- Features included
- App design
- Based on all these features, on average, a simple
and basic VOD app can cost you somewhere around
30K 50K, whereas one with an advanced feature
may cost more.
7Hope that these slides will definitely help you
in your journey of VOD app development. If you
are looking for an OTT app development partner,
then connect with us and we will deliver the
best-in-class video-streaming app development
services that too on a budget.
You may also check our detailed blog on How Much
Does It Cost to Develop A Video Streaming App
Like Netflix?
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