Video streaming apps are becoming more and more popular with every passing day and eventually, it will declare an extinction on the television technology. The world is switching to the myriad video streaming apps like Netflix, Amazon Prime, etc. People are cutting out the endless drama and shifting to such web series which are exclusively available on these video streaming apps. So if you are planning for an app similar to Netflix, Check Out This presentation which talks about the factors affecting the development cost!

1. What sort of budget you need for developing a
video streaming app like Netflix?

2. Video streaming apps are becoming
more and more popular with every
passing day and eventually, it will
declare an extinction on the
television technology. The world is
switching to the myriad video
streaming apps like Netflix,
Amazon Prime, etc. People are
cutting out the endless drama and
shifting to such web series which are
exclusively available on these video
streaming apps.

3. The extent of success of Netflix is easily
measurable by the stats like:

4. There are millions of apps available in the
app market now but without any doubt,
Netflix secures its position amongst the
most prominent ones. The technological
advancements have allowed the
installation and usage of this app on almost
all kinds of devices spanning from
smartphones, tablets to smart TVs.

5. The Market Overview

6. In the recent times, the
video streaming app market
has emerged as one of the
most powerful and preferred
ways of watching online
videos. These apps allow its
users to watch everything
right from the live matches
to their favourite series
whether on television or on
their mobile phones on the
go.

7. It has expanded the
geographical boundaries
and is pretty famous
amongst the age group
between 18 to 35 years.
Netflix and Hulu have
conceptualized something
and it has trended beyond
fifty different brands and
have a 40% year on year
growth on revenue.

8. Must-have Features of Video Streaming App:

9. ● Genre-wise Content
The video library should be a mixture of the myriad and diverse content
genre mixing along with News and Live shows.
● Watchlist
Another imperative feature of your video streaming app is having a
watchlist which allows the users to add programs that they wish to watch
next. Notification system also needs to there to give a reminder.
● Search
This app cannot be complete without a search option. This option should
be made available for all age groups and needs to include all the possible
genre options in the drop-down menu. Further segmentation as per
relevant categories can be explored.

10. ● Multilingual
To reach out to greater demographics and have a global presence and to
move beyond geographical boundaries the content language should be
more global with different language options.
● Social Integration
The social element is not only important to make your app shareable and
increase the daily active users but also allows you for a smoother
onboarding process.
● User Profile
Your video streaming app should have a user profile which gives the
provision to the users to manage their entire app like payment, content
they want to watch, etc.

11. The Cost Of Developing Such Video
Streaming Apps

12. As discussed earlier the estimation of the cost of
such video streaming apps greatly depends on:
● The market status,
● The number of features you want to add,
● The number of platforms you need it to support and
● So much on the location your app development partner.

13. Depending on the features it can be again categorized into simple, medium and rich.
A simple feature app might include user registration, payment gateway, a basic video player, search, gallery,
and settings. Again moving on to the medium feature sets it additionally includes features like subtitles,
localization. The rich or the complex feature set will include push notifications, option for a chat, reviews, etc.

14. Another vital factor that plays a deciding role in the
number of platforms you want your video streaming
app to support. The cost will eventually rise if you shift
from Android to iOS or/and then to both these
platforms.
However, according to
research, such Mobile App
Development cost varies from
for Android/iOS is around USD
30K, for support of both the
platforms it is around USD
70,000 and for web support as
well it is approximately a
full USD 100,000.

15. So if you are dreaming of an app like
Netflix it is the appropriate time to make
your decisions as per the market status of
such apps and you can estimate your
budget by brainstorming through the
mentioned factors.

16. Facebook, Instagram and
Netflix have leveraged
ReactJS Development,
join the league today
and build modular apps
faster! We are happy to
help :)
Mail us at:
sales@algoworks.com
Contact us at: +1-
877-284-1028

17. Related Blogs! For More Details Check
Out the Complete Blog
Here: