After the covid-19 pandemic, the internet became a primary entertainment medium and on-demand service. With innovations, online streaming services are becoming popular and eliminating the traditional television aside.
So if you are considering leveraging the popularity of these apps, it is an excellent choice to invest in this business.
This blog has explained the total estimated cost of developing an app like Netflix.
Factors Affecting the Cost of Video Streaming Apps
App Features Complexity
After defining the app idea, it is required to make an app development strategy to execute that idea properly. This strategy includes identifying business expectations, target audience, and features to include.
App features are the primary parameter affecting the estimated price of app development. The more features you integrate, the more complex your app will be, resulting in increased cost. The APIs and third-party service integration involved in the app development will also influence the development price.
You can customize the app’s features as per your choice to create a streaming app like Netflix. However, there are some common features that you can integrate into your video streaming app. Let’s get to know these features:
- User Registration and Login
- Social login/Sign-up
- Push Notifications
- User Profile
- Live Video Streaming
- Secure Payment Gateway
- Multi-Language Support
- Multi-Device Support
- Filters for Content search
- Create Video Playlists
- Settings/ Controls
- Download/ Watch Offline
- Review & Ratings
Another factor that affects the app development cost is the UI/UX design. User interface design plays an essential role in creating a simple and engaging app layout for the user. Therefore, a thorough analysis of the user demographic, navigation, visual elements, page-load speed, etc.
A user prefers an app with a flawless interface and interactive design; therefore, spending time and money on UI/UX design will be beneficial.
The next cost-driving factor for creating a video streaming app is the platform you choose to deploy your app. In general, developing an app separately for native platforms will be costly and vary as well. For instance, developing an app on iOS is more expensive than developing that on Android.
Nowadays, most businesses prefer cross-platform app development for building apps faster for multiple platforms like Android or iOS. Various frameworks are available in the market like Flutter, React Native, etc. However, the overall cost might differ based on these frameworks.
App Developers Price
The majority of mobile app development cost depends on the charges of the developer team. These charges might vary based on an hourly basis, monthly basis, or as per the company’s hiring model. It is necessary to choose the app development company very carefully as they will be your technology partner for a long period.
Another prominent factor in deciding the cost of developing an app is the technology stack you choose to work with. It is essential to select the right technology stack to create an app like Netflix as a particular tool and framework that can ensure better performance for your app.
Therefore, it is essential to set the budget aside for the right technology stack.
If properly developed, apps like Netflix can be highly beneficial and profitable. However, decking the budget of such apps requires thorough research, including the factors mentioned above. On average, the development of a video streaming app can cost approximately $10,000 to $30,000 (or more with advanced features).