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Cost to Develop Video Streaming App like Netflix

Video streaming apps like Netflix are the latest craze among both, youngsters and users who love watching the content alone. And this is the main reason why there are so many apps like Netflix and Amazon Prime in the market. It is a great opportunity not only to gab users' attention but to earn a handsome amount of money. If you are planning to get your own OTT app developed, here is a complete guide on what features you must include in your video streaming app and how much exactly would it cost to get an app like Netflix developed.

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Cost to Develop Video Streaming App like Netflix

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  1. How much does it Cost to Develop a Video Streaming App like Netflix?

  2. Did 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 Millennialsto 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.

  3. How 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.

  4. Now 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

  5. An 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:

  6. How 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.

  7. Hope 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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