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Netflix was not developed in a few days but it took years of trial and experimentation to find the right combination that can affect improves the user experience. If you consider the price of Netflix today it would be in millions but as per the question, let's derive the cost to build video streaming apps like Netflix.
The major cost affecting factor in developing an app like Netflix is the size of the app that you wish to develop. The size of the app can be defined as how many users should your app manage at a time, the total amount of content generation in a month or year, No of devices users can use to access your platform, etc. The size of Netflix can be understood from the below-mentioned facts
· Netflix occupies as much as 61% of the entire video streaming market
· Netflix serves in more than 190 countries worldwide
· Netflix has about 154 million paid subscribers
To achieve the above feet like Netflix will take time and cost over time so deriving the actual cost to develop apps like Netflix is not possible. So let us consider one particular factor in detail that affects the initial cost of development.
Features in a Video Streaming App like Netflix:
Basic Features
· User Registration & Profile
· Content Search Features
· Multiple Payment feature for the selected subscription model
· Feedback mechanism in terms of ratings, comments, etc.
· Push Notification
· Smart Download
Advanced Technical Features
· Content Management System
· Content Suggestion Algorithm
· Multiple Device and Screen resolution Compatibility
· Media Licensing and Security
· 4K HD Device Detection and content suggestion based on it
· Multiple Language support based on location detection
· Screen Recording and Screenshot blocking for all or sensitive content
Apart from the above-mentioned features, the other cost affecting factors for Netflix like platform development are
· Technology Stack Required to Implement Decided features
· Total Number of platform development (Android, iOS, Web)
· Location of development
· Hiring agencies experience and expertise
After considering the above factors the cost to develop a video streaming Platform like Netflix can vary from $20K - $90K.
