Video streaming apps are all the rage these days. According to a study, 80% of digital device users prefer a live video to a blog. It all started with the tremendous success of streaming giant Netflix which, despite being a paid platform, surpassed Sony's free streaming service Crackle to become the number one OTT platform of choice for binge watchers.
According to a Mobile apps development company in Chantilly survey, in just 10 years since Netflix went viral, the app's revenue went from $ 1.36 billion to a whopping $ 15.8 billion.
Netflix is a spectacular combination of entertainment and portability that allows you to watch anything, anytime, anywhere. Read on to understand how much it costs to develop a highly customized video streaming app like Netflix.
A Brief Look At Netflix's Business Model: What Makes It So Successful?
Netflix's business model focuses on prioritizing the comfort of its audience. The pricing plans offered by the streaming service can be shared with family and friends at no additional cost. You can choose any of the following four subscription plans:
Basic plan: It is for people who use Netflix on their mobile phones and tablets. It supports one screen at a time and the video quality is fair.
Standard plan - Supports up to two displays and you can opt for HD definition video. If you plan to share Netflix with your partner or a friend, this is the plan for you
Premium: This plan includes all the features of a standard plan plus support for up to 4 displays. It is more suitable for family members or a group of friends. It allows you to stream HD or 4k videos.
DVD: Netflix allows DVD rentals of some of the rarest and most difficult-to-find movies that you can keep for up to 6 months. However, this plan is only available in the US.
Is it just the variety of subscription plans that makes this platform so successful? Well, no. The company's concept and approach is structured around attracting and retaining customers, while forcing them to choose a paid platform over a free one.
How to create your ott application?
Considering the price, if you want to know how to create an OTT application. We already have the answer. Instead of hiring a group of technicians, it is better to outsource it to a partner like Enveu. This means that you are responsible for your content and we are responsible for the rest. We can build OTT applications from the ground up to help you increase content and gain the global influence you deserve.
Our team will take care of all behind-the-scenes operations and help you launch a trusted OTT application!
Sounds interesting, want to discuss this to learn more?
Let's talk!
How much does it cost to design and develop a video streaming application?
We must consider many factors that decide the cost of designing and developing video streaming mobile applications. The design elements of the app will depend on your goals, the types of videos you want to stream, your preferred languages, other unique features, and more. The aspects that have a direct implication in the cost are:
Platforms: You can choose the platform of the application based on the iPhone app development company in Frisco market search you have done. It can be Android, iOS, iPad, website, Android TV, FireTV, Roku TV, Jio TV, Apple TV, Samsung TV (Tizen OS), LG TV (Web OS), PlayStation application, Mac OS, Windows application. Since platforms have different development methods, the different teams involved will be specialists in a particular platform. Depending on the complexities, the development cost of the video streaming application will increase or decrease. We usually suggest cross-platform technologies to reduce costs if possible
Video Streaming Server - Choosing your streaming provider can affect your integration costs.
Payment gateway: if the application is free for users without a payment gateway, the effort will be less. If users need to pay for content, we must integrate a payment gateway in the Android and iOS applications. Apple and Google will reject any third-party payment gateways during the app review process.
If you prefer a more hands-on approach, hiring a developer in India could be a great option in 2021.
There are many Android app development companies in Texas and freelancers based in India that specialize in creating OTT platforms. Better yet, they can build it from scratch to your exact specifications.
On average ott app development cost in USA is as follows
In USOTT app costs between $ 25,000 and $ 60,000 for Netflix and Prime Video Like app
The cost to make an OTT platform like Hot Star would be ~ $ 35,000
If your platform includes hybrid functions (Youtube + OTT), the cost in India would be about $ 50,000
It may take three to six months to complete
The ready-to-use ott app would take 3-5 days to be available
Conclusion:
The cost of video streaming mobile apps like Netflix, Disney Hotstar, and Amazon Prime will depend directly on various aspects. Therefore, it is not correct to price without understanding your requirements. Typical OTT projects cost around $ 7,000 and up. We ask that you consult Zartek about the cost of streaming video applications and all relevant information about them. Our Cross platform app developers in Chantilly will provide details on not only the budget but also everything related to video streaming applications. We assure you of a great video streaming app at an affordable price.
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USM Business Systems is the Best Mobile App Development Company in USA. We have an in-house team of over 100 software engineering experts who have developed and released native iOS and Android apps for the world's most recognized brands. Whether you're looking to launch exclusively for mobile devices or your product is part of a larger project that requires a web experience, a connected device, or portable integrations, we have the experience to help you achieve your business goals.
Author bio:
Koteshwar Reddy is a creative writer at USM Business Systems. We offer an original analysis of the latest developments in the mobile app development industry. Get connected to the latest trends and social media news, plus tips on Twitter, Facebook and other social tools on the web.
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