How much does it costs to develop a video streaming app like Netflix?

With Pandemic and changing trends, streaming services are receiving all kinds of appreciation and acceptance from young audiences. And we have seen that the surge leads to the introduction of new players in the market. And speaking of streaming services, how can we not discuss Netflix, a pioneer in the same?

Wondering about its cost or other factors like collaborating with the best Mobile App Development Company in Bangalore? Well, in this article of B2C Info Solutions the leading mobile app development company or premium App Development Company Bangalore we are going to discuss how much does it costs to develop a video streaming app like Netflix. How do they manage to keep the viewers interested? You must know the answer to all the questions before the development begins.

Top streaming services in the USA

1. Netflix: It is one of the top streaming services in 2022 in the UK, USA, and Canada. It got 16 million new sign-ups during the lockdown, adding up to its already larger user base. That is double the subscribers Netflix had the year before.

Here are some perks of Netflix that make it stand out from the competition.

• Uninterrupted Service
• Top-notch Quality Content
• Thousands of movies and TV Shows
• User Reviews and Ratings
• 100% ad-free content
• 1-month trial option
• Multiple device access

2. Disney+

Disney+ is new to the streaming market and growing faster having gained more than 100 million subscribers already.

3. Hulu

Disney-owned Hulu had 39.4 million paid users in 2021 and the number increased to 45.3 million in 2022.

Some other streaming services in the USA

Amazon Prime Video

HBO Max

Funimation

Peacock

Paramount

Apple TV+

Perks of starting a streaming service

• Global Customer Base: A Netflix –like online video streaming service has a global customer base. Every new subscriber will bring another subscriber to your streaming platform if you offer quality Content.
• Brand Establishment- A streaming service can easily become a brand like Netflix with the right planning, preparation, and execution.
• Rapid Revenue Growth: Netflix’s revenue growth was $24.9 billion in 2020 and it reached $30 billion in 2021. You can expect growth from well-developed streaming services.
• Unlimited content to offer: It is easy to find new and unique content to upload on your streaming website. And you make your own original content to keep it active.

Cons of streaming service

• Expensive Streaming Costs- Operations costs of streaming websites may skyrocket once it is up and running.
• Highly Competitive Market- A streaming service business is a highly competitive market to make it through and reach success.
• Original Content Failure- Lack of failure of original content may decrease user interest in your platform.
• Misuse of 1 Month Free Trial- The 1-month free trial attracts audiences who are only there for the free trial.

Must have features for Online Video Streaming Service

Video Streaming website features decide its success by making things convenient for the user. That’s why you have to know which features are popular with users of streaming services. And make yourself familiar with the latest industry.

• Social Media User Integration- Users should be to create an account on your video streaming website with an Email ID and social media accounts.
• Multiple Profiles- A Netflix-like multiple profiles feature helps users share the account with family and friends.
• Search Content- A feature to search content by name or genre helps users find the content they want to watch with ease.
• Multi payment Modes- Provide Multiple payments like debit cards, credit cards, and Google Pay for user subscription payments.

How much does it cost to develop a video streaming application?

The overall cost of streaming websites or application development depends on the type and number of features you want in your website or application. The average cost of developing an app like Netflix or Hulu will be around $134, 300 to $138,000.

Final Words

You have to study all the video streaming industry statistics to understand the market and competition. It will also help you to choose the best way to conduct video streaming application Development.

I am a content writer in B2C Info Solutions and write on different topics like Mobile Apps, Website Design, Seo, PPC, Web development and more.