How much does it cost to make an on-demand video app - The App Ideas

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How Much Does It Cost to Make an OnDemand Video App? A vast majority of netizens are addicted to YouTube or Netflix. It is because these on-demand video websites or apps continue to remain as the gold mine of media resources and entertainment for all niches of contents. Though every one of them has its own uniqueness and relevance for the users, they never fail to cater to the multitude of audio-visual content needs. You can search for any type of media contents fulfilling different qualitative expectations.

While YouTube mainly allows monetizing video contents through advertisements, Netflix and Hulu mainly depend upon subscription based monetization. Whatever monetization model suits you and whatever the way you want to market video contents, you need to build a cross-platform app to take advantage of presence across all mobile platforms including iOS, Android and Windows.

How much an app like YouTube or Netflix should cost? Do you have any clue? Obviously, such apps are not going to be basic apps and they involve several complex features and elements. Naturally, the cost of an on-demand video app will be much higher than other apps of the regular category.

Key features of an on-demand video app Let's start by understanding the key features of an on-demand video app. ● ● ●

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An on-demand video app like the Netflix or Hulu allows watching all kinds of TV commercials and movies of every genre just by subscribing.

Such apps also offer a free trial period to access video contents for a limited period of time.

The video contents also remain synced across multiple platforms to allow watching them on mobile and simultaneously resuming to play the same content from a desktop from where the user left it.

User reviews, comments and reactions.

Social media sharing buttons along with features for link copying, saving the video for watching later and adding to watch list.

User registration with social media account.

The cost factors of on-demand video apps Any on-demand video apps need to ensure smooth data streaming. This needs the solid backend support typical of database apps. This backend development for data streaming is one of the major factors for deciding development cost. Other features that can play a significant role in the cost of such apps include the following.

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The backend for video streaming will make the principal cost component for such websites or apps. It would take at least 100 hours of development time and averaging the cost at the rate of $50/hour, the development cost of this component will be $5000.

App features It is a common knowledge that increases in feature set will directly affect the development cost. To start with it is advisable to opt for a minimum viable product with key features and later on with subsequent updates add other features to make the user experience better. Such staged development will cost you less a budget initially and help you launch the app faster.

The integration of social media, registration form, sharing option, commenting and reactions and monetization elements like in-app or in-video ads will take at least 50 to 60 hours of development costing the app $2500 to $3000 of development cost.

App design In spite of building a feature-rich and sophisticated app, you need to be simple and straightforward with the design of the on-demand video app. Focus on keeping the design simple, straightforward and quick to deliver what users are looking for. Always make sure to minimize the cognitive overload to prevent on- page distractions.

The design process will take at least 40 to 50 hours of development time. With an average cost of $50/hour, the cost will be around $2000 to $2500.

App platform When you are building an on-demand video app, it needs to be highly platform-specific and it should take the full advantage of native platform features and functions. Generally, building the responsive mobile-friendly website and Android app is a bit expensive as it needs to address multiple devices and screens. iOS app for on-demand video, on the other hand, has very strict quality and performance requirements.

App developers The cost of development for on-demand video app also varies based upon the native development of that country and the reputation and expertise of the developers. While going for Indian developers is always less expensive compared to the US, you should not compromise on the expertise and developer experience.

Mobile wallet integration To help users paying easily for subscription and to process payment for purchased video contents, on-demand video apps should allow mobile wallet integration.

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Precise cost assessment Comprising all the above-mentioned cost of development, a video streaming app will cost at least $10,000 to $12,000, presumably for a single platform. The costing can actually be much higher for an app built for multiple platforms.

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http://theappideas.com/

Contact: 088665 64279