According to a recent survey by The Verge, Netflix added more than 15 million subscribers in just one month of the beginning of COVID-19. At the same time, the expected user growth was 7 million.

With theatres closed and people forced to enjoy their weekends at home streaming movies online. The need for streaming apps like Netflix has surely increased.

Benefits of the video streaming app.

·         HD quality video streaming

Today more than 80% of people prefer to watch online live stream videos rather than traditional television. Apart from covering live events it also can connect to your audience by going live.

·         Wider Audience

The live streaming app will help to reach a wider audience without any geographical and size constraints. It makes your content accessible anywhere.

·         Mobile Viewing

Mobile Access is the best advantage of these apps. More than three billion people worldwide use Smartphone and it will significantly help to increase your broadcast range.

·         In-app purchase

In today’s highly competitive world a new app success is too hard but the implementation of the video streaming app will help to gain trusted users faster.

Features Required In App like Netflix

  • Providing multiple options like movies, TV series, Documentaries, Reality Show, and a lot more.
  • Adaptive video streaming feature helps to keep your users engaged even when the network bandwidth is down.
  • The multi-language feature is one of the best features that increases your customer base and generate more revenue.
  • Multiple registrations and login options including social media accounts like Facebook, Google, Instagram make users experience more convenience.
  • The social sharing feature will act as a free marketing tool.
  • Advanced search options according to type, language, topic, trend, date, frequently watched, and location will make your app more user-friendly.
  • The download allows users to store content on their device and watch later, even when they do not have network connectivity.

Factors affecting the cost to build an App like Netflix

1. Design

A unique and user-friendly interface will grab more audience attention. The design of the app should be constant in feel and visually appealing.

2. Development Platforms

iOS and Android are the two important app platforms trending now. Compared to Android, iOS is more affordable, as android needs a greater range of devices, resolutions, and configurations. The best option for development is to hire an Android App Development Company and iOS App Development Company

3. Features

The number and complexity of the feature are directly proportional to the cost of developing an app like Netflix. While developing a video streaming app gives more importance to the core features to be implemented in the app.

4. Technology Stack

Depending on the features you choose to implement in your platform, the technology stack required to fulfill that particular feature will vary and so the cost to develop an app like Netflix varies accordingly. The more advanced technology use will result in high development costs.

5. Development Location

Depending on the economic condition of countries and the currency fluctuation the development cost varies from $15 - $150 per hour.

Based on the above factors the cost to develop apps like Netflix varies from $10K - $70K.