You are planning to build an OTT video app like Netflix or Amazon Prime etc… Want to know time and cost to develop OTT video app like Netflix or any other one?
It’s great you are at the perfect place. This is an absolute an excellent idea, if you are planning to invest a bount money in a fantastic Content Delivery Network Application. However, it requires a whole lot of patience and you need to know-how to acquire this. In case you have a healthy budget, you can hire a professional mobile app developer also to make a custom OTT Video App.
But if you would like exactly an OTT App or want to know how to develop app like OTT Video Mobile App, then you would be better searching for a higher-end developers who has experience in building such kind of app or company who had already worked on it. It is a significant investment, but it’ll be well worth it in the long term process.
This Over the top media (OTT) alternative is excellent if you are working with a small budget and wish to start your OTT app without needing a big financial hit.
What are OTT Video Apps or Over-the-top Media App?
OTT is possibly among the most heard word with today’s generation.
At this time, it is in more than 51 percent of urban homes in the India alone and is used at 100 minutes every day. OTT may came into the existence to kick TV Cables.
OTT is a shot form for Over-The-Top, an industrial concept that makes it possible for you to stream video. You don’t need a cable or satellite subscription, all you have to do is plug media like chrome-cast or alexa or , download an OTT app and that’s it and you can watch at anytime .
OTT Market Share & Growth
As of 2020, there are million OTT subscription video service users in India. Half of the OTT users, use at least one or more OTT service. The OTT market share doesn’t finish at these percents.
Ad-Supported Video on demand is completely free; it does not charge any amount in the users for access.
Features of OTT Video App Development
The majority of the people are watching trending videos through the medium of sharing; most common social media will help your channel grow just like one’s growing at present on the market.
Content should be Multilingual
To reach a broader demographic and expand the business beyond the geographical borders that your core user base must be normal. The important thing that you simply add more information which you flow through your video streaming app should bring in a large amount of audience. The demographics could be increased bearing in mind the languages that the audience is comfortable in.
Search
An Explore or Search option is essential to get in OTT streaming app. The option ought to be designed in a way it is visible for all age groups. Additionally, try to have as many celebrity options in the research drop-down menu as you can.
User Profile
Your application must include a user profile option which gives them the choice to manage their side of the application, the information they want to view, the preferred payment option and suggestions according to their screening history. And if you’re planning to choose Netflix’s path of adding more customers in the app, have multiple displays in the app, with each user been awarded their set of features.
Watch list
The must-have part of the OTT video streaming app would function as watch list functionality; this is the part where the consumers would add things they wish to watch later. This is the main factor, and the OTT app is famous for this facility.
Social Characteristics
If you ask any audio OTT app development company, they are going to inform you about social media features, this is an important part of the whole OTT experience. You should give your users an option to talk about their opinion/Feedback on social media with their network.
Screen Monitoring
This part is best; it might be beneficial if your users can access the app on displays aside from their mobile apps, such as their TV or Desktop, etc. There are two ways to implement this feature and Give your own OTT app for mobile and TV apparatus, and then you’ll be able to provide the ease and seamlessness of cash transfer to your app users.
Time to Build OTT App Development
The time necessary to start approx 3 to 6 Months, it is one of the effective and cost-effective methods to develop an OTT video streaming app.
Professional developers will develop the habit OTT app for you but rather than purchasing it for tens of thousands of dollars, you will essentially pay it for a couple of hundred dollars per month for as long as you’ve got the app running.
All you have to provide, such as logo, combinations of the latest color, the whole procedure takes between 30 to 45 days. During the whole process, you will have the entire support of the developer, and also you can connect through the process and even after that they will provide the maintenance to you also.
OTT App Monetization Strategy
In the market, there are three OTT video streaming monetization versions which are followed by the top OTT companies:
- Subscription Video on Demand (SVOD)
- Transactional Video on Demand (TVOD)
- Ad-Supported Video on Demand (AVOD)
Cost to Develop OTT Video Streaming App
Time and cost to develop OTT video app like Netflix or Amazon Prme depends on the number of factors:
- The number of features which you are adding in the app.
- The geographic location of your partnered mobile app development agency is based.
- This is the moment where you have to consider all the factors and discuss with the over the top software experts and get your app developed with all the features and live.
- The most video app developers have leveraged the OTT segment with their quality attributes.
The rough and estimate cost of OTT app development will be USD 7K to 8K.
After reading this, you will get to know how to spend and where to invest in your OTT app development services. A mobile application development company can help you in introducing all the key and important qualities to your OTT video streaming apps.
Conclusion
You could be an enthusiast in the growing field and endeavor to deliver your movie app under the OTT class. This brings forth various significant factors upon which your program developing has to be accomplished.
You can hire a professional, or discuss with OTT app development company which would be accompanied by some of the steps taken when you use the rental option. The expense range can be managed with a good plan. You merely need to stick to the easy facts to come up with a competent video app.
Akshay Gupta is a digital marketing analyst at Neolite Infotech India Pvt Ltd, a leading mobile app development company. He understands startups, enterprises, and their needs well. Apart from that, he is an expert in lead generation and inbound marketing. He loves to help businesses in improving their online brand visibility and sales.