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Cost of video sharing app
You got me interested. I myself recently thought about starting video editing and creating video advertising. When I read the article https://wave.video/blog/best-video-ad-makers/ then became even more interested. I think there should be no problems because I always liked to shoot original videos and edit them, and now when video content is becoming more and more in demand, I also have a motivation to make money from it.
As per the latest news on the different costs of operation, YouTube spends about $75 million on bandwidth and $17 million dollars on storage per month. Considering the size of YouTube, the cost is reasonable. It has taken YouTube 15 years to grow into what it is today so developing a website like YouTube requires time and patience.
To derive the Cost of YouTube we will have to take multiple factors into account such as Features, Platform of Development, Backend Technology, etc. We will discuss the major factor “Feature” that defines the cost of development of a website like YouTube in brief here.
Features – Feature is the most important factor affecting the cost of development of any website. Major cost affecting features are
1. Streaming Quality – YouTube might be the only website that offers such diverse quality streaming options from 144p to 1080p. To offer such diversification requires technology, development time, and thus finally affecting the cost.
2. Live Streaming – Live streaming is the game-changing feature for any video or content sharing website. It helps the content creators in increasing user engagements. Live streaming is a costly technology but a necessary one which will increase the cost of developing a website like YouTube drastically.
3. Content Suggestion – After using many content sharing platforms, in my personal opinion, the best work of content suggestion is done by YouTube. It shows you the trending content of your interest and most of the time it gives users immense satisfaction after watching the suggested content.
4. Trending Content – YouTube also has a feature of showing you all the trending contents and also add filters to it. For example, trending music, trending news, trending films & trailers, trending fashion content, etc. such filter requires complex algorithms which will eventually be affected in the total cost of development.
5. Easy Login – As YouTube is owned by Alphabet the parent company of Google automatically logs in with your common Google login credentials. YouTube also changes your suggested content as per your search queries in Google to show you the content of your interest.
We have only covered the one major cost affecting factor here. There are still multiple factors that affect the cost to develop a video sharing website like YouTube.
Based on the above features and factors you can consider the cost of developing the video-sharing website like YouTube is $20,000-$70,000.
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To derive the complete cost for developing a website like YouTube is not simple as some of the major cost involved in developing a website like YouTube is storage, Bandwidth, server requirements which is not a onetime cost but will increase based on the increase in no. of users.
So to give a perspective of the initial cost involved in developing a website like YouTube can be in the range of Rs. 8,00,000 to Rs. 60,00,000. Now you might question that the difference involved is quite huge but to know some of the major reasons continue reading further.
YouTube Statistics (Web & App)
· 2 Billion active monthly user
· 500 hours of content uploaded every minute
· 1 Billion Hour of video streaming everyday
To know more about How to build an app like YouTube – Cost, Features, Business Model read this Blog.
