Video streaming services have gained immense popularity in the past few years, all over the world. And, when we talk about video streaming services, Netflix is the name that comes to our minds at very first. Netflix undoubtedly is remarkable in terms of service, interface, and engagement, and this is the reason that it has become the benchmark for every other business that wants to get into the industry. If we talk about streaming services, it does not have to be for entertainment, movies, and soaps. With the industry’s growth, many other categories such as cooking, health, education, and fitness are also gaining momentum with the relevant video streaming app ideas.
If you are planning to start video content steaming for your business, then this is the ideal time to say yes to a video streaming app. But, the biggest question that comes to everyone’s mind right away is, how much does it cost to make a video streaming app like Netflix? Well, many factors determine the overall cost of building a video streaming app, so before jumping into the cost directly, we must discuss those factors in detail.
Factors Deciding the Cost of Video Streaming Application Like Netflix
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Decide Your Market Niche
The very first thing that you need to decide is the market niche that you want to serve. Before starting the development process to create a video streaming app, you need to research the market categories. In simple words, you need to find out what users are watching? or what type of content is trending? And then you can select your desirable niche.
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Settle on Content
Once you have chosen your niche, you need to determine the type of content that you will stream. For instance, whether it will be your original content, third-party content, or the blend of both (just like Netflix does). But, what you need to remember is that there is an external cost involved in both cases. If you will be streaming third-party content, you need to buy its’ content rights, and if you are creating it, then obviously there will be the entire production cost involved.
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Choose the Right Video Streaming App Development Company
Now comes the most critical task, which is to find the right video streaming app development company. So, once you are ready with the content type and market niche, you need to find out the right people to develop your video streaming app. And, as soon as you will start searching for app development companies, you will realize the development cost is significantly dependent on who will be developing your app, and where are they located?
Video streaming app development usually requires a project team leader, a couple of app developers, UI/UX designers, backend infrastructure developers. However, if you want to make the process simpler, then we would recommend you to hire a professional app development company, instead of hiring all the resources individually. Make sure you hire a professional team of app developers to avoid the complexities of the back-end infrastructure. Code Creators Inc. is the name you can completely trust if you want to hire a highly –skilled and professional team of video streaming app developers.
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Select Between Off-the-Shelf or Customized Product
Now, you can choose between ready-made and customized apps. You can either choose from the ready-made options that the app development company offers you, or you can completely customize your app. When it comes to customization, you can choose the design, features, and theme of your choice and provide your users with exactly what they want. By not choosing the ready-made options, you are not going to settle for anything that does not meet your standards. Customization gives you the complete liberty to design the app as per your demands. The only downside is that a customization is an expensive option.
You can also integrate APIs and 3rd party options into your video app streaming app, which can decrease both effort and time on the development side and reduce your development cost too.
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Be Clear About Your Video Quality
Your development costs also depend on the type of playback services that you will use for your video streaming. For instance, if you are planning to deliver a very high-quality experience for your users, then you cannot use a low-cost or free playback player. Thus, it is always better to invest in a good playback player service to get a better technical support system and quality.
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Pick Your Desired Device Types
Next is to decide between the device types. For instance, you can develop your video streaming app for both Android and iOS and both laptops and phones. Then you can also select between the web app or smart TV app. And your cost varies with the number of devices you choose. Some app development companies like Code Creators Inc. provide package deals for both options, which makes it cost-effective.
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Finalize Payment Gateways
Now comes another important factor i.e. the payment gateway for your video streaming service app, so that you can accept payment easily. You need to decide how much you will charge people for using your app and service and the mode of payments that they can use. For instance, you can make it free for users and companies who buy ads space from you. Or, you can decide on monthly or annual subscription plans. So, whichever option you choose, setting up a payment gateway is a must.
Read also → Top Reasons Why You Need A Mobile App Development Company
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Think About Hosting & Maintenance
You also need to have a hosting service, which enables you to store your content for streaming, otherwise, your app will not work. Hosting service will be a cloud infrastructure that will manage and maintain all your content and run it smoothly. Hosting and maintenance service providers also charge some amount and this will add up to your cost for developing a video streaming mobile app.
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Consider Security
Last, but not least is the security of your video content. This is one of the most crucial components that should never overlook. Your cost will change, depending on your security options. Your cost rises with the number of security layers that you add to protect your content.
How Much Does It Cost To Develop A Video Streaming App Like Netflix?
As discussed above, many factors impact the development cost of a video streaming app. On average, a video streaming app like Netflix can cost you around $30,000, including design, development, and deployment for any device of your choice. However, additional costs can add up depending on the service providers. At Code Creators Inc. we try to keep the prices as below as possible, and if your budget is under $50,000 for developing a similar app, then connect with us now. Code Creators Inc, a SharePoint development company in the USA and Canada which is dealing with software development, Power BI, SharePoint Online, Microsoft Teams, mobile app, IT services, and more. Connect with him on Facebook, Twitter, and Codecreatorsinc.com
