The modes of entertainment consumption keep on varying from time to time. From radios to televisions, and now the OTT platforms, viewers are always keen to adapt to the latest innovations. The tendency of the audiences to ask for and favour the most convenient mode of entertainment over time has propelled the humongous popularity of the video streaming app like Netflix.
Being a leading video streaming app development company in USA, we are well acquainted with OTT platform development using advanced tools. Our experienced developers are inquisitive about the latest features and functionality of video streaming apps like Netflix to create a masterpiece for you.
Although ever since the OTT platforms came into being, a large fraction of viewers migrated to the video streaming services, the migration skyrocketed during the pandemic. Such a large acceptance of the OTT platforms among the masses will not let the popularity fall in the years to come. So, owning an individual video streaming platform can be a master idea. Want to own an OTT platform? Here is your ultimate guide.
What is an OTT App?
OTT apps are video streaming platforms that provide a plethora of video entertainment on demand to the client over the internet. Delivering video content on a choice of devices anytime and anywhere forms the speciality of such video content services. The OTT apps provide a variety of videos consisting of web shows, movies, and music in multiple languages across different countries at an economical subscription structure.
Wondering how owning an individual video streaming platform benefits you? Follow along to find more.
Benefits of Owning an OTT Platform
Having said so much about the OTT platforms, it becomes necessary to reveal how owning an OTT platform is going to benefit you.
- The OTT platforms gave birth to an unprecedented video revolution. Catering to an individual demand for online videos and helping out the businesses which are targeting OTT viewers for advertisement is a straightforward money-churning business.
- With the OTT platforms, a younger and wealthier audience awaits, making these video streaming services apt for advertising and marketing.
- During the pandemic, when viewers were avoiding stepping out, OTT platforms gained tremendous popularity. Many high budget movies and series were released on OTT platforms and became blockbusters overnight. So, the OTT platforms will not lose any of their audiences anytime soon.
How to Develop an Individual OTT Platform?
The scope of OTT platforms is no more hidden from you. Now that you are convinced about creating an OTT platform, follow these fundamental steps, and succeed in the OTT platform business.
1. Right Strategy for Netflix like App Development
Begin with finding a suitable niche for your OTT app. Take enough time to think about the type of content your app will contain. What kind of web shows, movies, and videos you will display are some of the practical questions to pick out a niche for your app. Getting a license for providing video content is the foundational step for legalizing your business.
Furthermore, jump onto building quality video content, which makes the audience engage in your application for hours. Think of a unique style while keeping all the device platforms in mind. Lastly, identify your target audience, and reach out to them through social media and YouTube.
After curating a hotshot strategy for your OTT app business, focus on monetizing your business. Similar to the famous video streaming platforms like Netflix, curate plans for your subscribers. Refrain from too much elevating your cost, or you will end up losing your audience.
3. OTT Platform Development Services
For your OTT platform to rock the video content business, the app must be flawless and professional looking. Creating such an app can be a bit challenging. But if you get in touch with a video streaming app development company, the development of your OTT app gets simplified.
4. Features to Adhere
Your app must consist of all the latest features that your consumers will expect and demand. Wondering what are the essential features of an OTT app?
Here is an elaborated list of such demanded OTT features:
Provide your audience with the feature of searching the library of your OTT videos, and pick out the best one.
Users should be able to download all the videos they like.
At times, when the users wouldn’t know what to watch, they should be able to come to the recommendation section for choosing a watchable video.
Users should be able to choose a video quality from a range of qualities, depending upon the price.
Excellent Network Connectivity:
Who likes the buffering of videos? Your OTT platform must have excellent network connectivity and be free from issues like buffering and poor streaming.
Video Streaming App Development Cost
Coming at the most crucial aspect of OTT platform development, the cost. Well, the cost of developing an OTT platform varies across the OS. For iOS, the cost can go up to $37000 – $54000, while for Android, you would require to pay $38000 – $54000. The backend and frontend development costs are $37000 – $48000 and $29000 – $38000 respectively. So, the overall OTT app development cost is somewhat between $141,000 and $194,000.
Indeed, video streaming apps are surging business. Everything seems profitable and easy until the light falls on the developmental part. Be the development of something new or Netflix clone app development, the creation of OTT apps becomes way easier when you collaborate with Auxano Global Services, the top video streaming app development company. Contact Us Now!