When it comes to over-the-top OTT platforms or live streaming video apps, Netflix is the name you first remember. The platform is widely popular and functional in 190 countries. It’s the best platform for users who like binge-watching. Small Business Startups and entrepreneurs who want to try their luck in live video streaming services, Netflix, Amazon Prime Videos, Hulu are the top OTT platforms they explore to get suitable solutions.
And, the possible first question they like to explore is how much does it cost to build a video streaming app like Netflix?
Many factors drive the cost of app development, for example;
-What is your niche?
-Do you want custom development or go with Netflix or Hulu clone scripts?
-Who is the development partner?
-What is the development region?
-What they charge for development per hour
Let me tell you one thing, if you go to a development company to develop an app like Netflix without proper research, you need to commit a huge investment and time. It might cost you anywhere between $63,000 to $180,000.
A little research, go-through to online resources and planning can give major relief in terms of both cost and time. Let’s explore what you can do to save big on developing an app like Netflix or Periscope.
Choose a Niche
When it comes to building an OTT platform, you need to determine your niche. You can consider various options to begin with. For example, think if you want to go with live video streaming, Live TV, SVoD, VoD or something else to begin with. Think the categories with expert advice and based on the demand of content in the region.
Decide If You Want Custom Development or Buy Clone Scripts
The most important thing you need to decide if you want to develop an app from scratch or want to buy a Netflix clone app. The cost will significantly differ: For example, if you want to buy a clone script, you may get big relief from a cost perspective as you can get Netflix, Periscope or Hulu Clone at affordable costs.
However, if you wish to develop an app from scratch, it will be a matter of huge investment and time. But, you can still get a big bang on your buck. Take a look at the following paragraphs.
Choose a Development Partner
When it comes to developing an app from scratch or buying a clone app, you need to find an experienced app development company with well-versed team members. To choose a development partner, you need to consider a few things. For example,
-Whether you want to outsource your project or hire in-house developers
-Whether you want to outsource locally or another region
Now, if you hire an in-house team, you may have to consider a few added things. For example, you need to provide the right infrastructure, maintenance, human resources, training, etc. However, if you choose to outsource, you can cut 70% of the overall development cost, even if you go with custom development.
Choose the development region
The next big thing you need to consider is to decide if you want to outsource locally or in another region. If it is a different country, then which country provides the best development services at the cheapest price? These are the questions that you need to find answers to.
If you choose to outsource in a country like the USA, UK, Canada, Australia or other European countries, then these are the countries that charge higher than any other country in the world. You may have to pay anywhere between $80 to $250 per hour based on the company you choose to go with.
If you choose countries like India, Indonesia, Malaysia, Nepal, Philippines, Singapore, Taiwan, Thailand, Vietnam, and name a few, you may get your app done at minimum costs. For example, you can get such an app right at $5,000 to $40,000.
What they charge for development per hour
As you have decided, if you want to outsource your local or different country, you should make a list of top app development companies. Then choose the one that offers the lowest development cost per hour, but make sure you get reliable work.
Let’s take a look at the cost breakup.
Rough estimation for a Live Streaming App like Netflix
Now, as you have learned the basic charges applied to develop a live streaming app like Netflix, you turn to explore the best app development companies in the USA, India, UK, or anywhere that offers you quality services at the cheapest price.