There were days when people would gather at a place to watch a movie, and later, the televisions took the center stage in every household. Now with the emergence of mobile devices, users can watch numerous videos by just connecting to the internet. No more fights between siblings, children, and parents on what to watch on the television. Each person can view throttled videos irrespective of time and place. Therefore, a video-streaming app like Netflix has been emerging in recent times. If you are a curious entrepreneur, you can also make way with your platform into the video-on-demand industry.
What Is An App Like Netflix And Its Growth?
If a person desires to watch a movie or any videos, they can efficiently download the video streaming platforms on their mobile devices. This allows them to choose the video of any genre that they desire to watch. On the other hand, numerous video-streaming platforms are emerging every day, and it is a complete pack of entertainment for the users. Few notable platforms are Netflix, Amazon Prime Video, Hulu, Disney Hostar, and the list goes on.
Netflix has set a unique identity in the video-on-demand industry by providing users with unlimited streaming of videos. This provoked the entrepreneurs to follow the footprints of this trending platform and create an app like Netflix that will grab user’s attention. Developing an app can be easier if you follow the proper integration and development process. Let us explore this topic later in this blog.
Could You Believe It’s Already Been 24years Since The Launch Of The Great Netflix?
In general, Netflix is a US- subscription-based OTT streaming platform that was established in the year 1997. Netflix holds unlimited videos in all genres giving its users a wide range of options. However, it was initially launched with the intention of offering the users a pre-rental model of DVD and then turned it to the concept of monthly subscription in the year 1999.
After numerous commotion, Netflix went completely into the video streaming service in January 2007 with the introduction of video-on-demand terms via the internet. The continuous persistence led to the growth of the OTT streaming service like Netflix, and now it has set an ideal for upcoming business entrepreneurs.
You can take a vivid look into the statistics of Netflix and witness its tremendous changes and growth.
Quick Glance Into Stats:
- From the beginning till date, Netflix has been growing rapidly towards a successful business. This platform had only 34.25 million paid subscribers at the beginning, but as of Q1 2021, there are nearly 207.64 million paid users. This shows the humongous effects of video-streaming platforms in everyone’s lives.
- According to the analytical report, the majority of Netflix users were from North America, such as the US and Canada.
- Did you know that there are around 74.38 million paid customers only in the United States and Canada?
Secondly, When we consider Europe, the Middle East, and Africa, the paid subscribers are around 68.5 million.
Thirdly, comes Latin America with paid users of 34.8 million. - According to the prediction of the global market industry, the online video streaming market will be worth $125 billion by the end of the year 2025.
What Are The Ample Features To Consider For A Netflix Like App Development?
In order to achieve a successful business in the video-on-demand industry, it is necessary to enhance your Netflix clone app with ample features. Why don’t entrepreneurs take a quick look into it now?
User Panel:
- Social Media Login – The users can efficiently register into your platform using any of their social media accounts. By using Facebook, Instagram, and other social media accounts can save the time of the users to update the details manually.
- Subscription Plans – Once the users have successfully registered into the video-streaming platform, they can choose the subscription plans that are available on your platform. This makes them choose convenient and suitable plans.
- Genre List – The spectators can view numerous movies, web series, documentaries, and others listed on the platform based on their genre.
- Advanced Search – The users can type the name of the movie, genre, and other videos search through the in-built search option. Apart from this, the spectators can also use the search filter to enhance their search.
- Watchlist – The viewer can save the videos in the watchlist option and can watch them based on their availability.
- Profile Settings – In this profile setting category, the user can view into their profile such as their membership, subscription plans, and so on.
- Ratings – Once a spectator has completed watching the videos, they can rate the videos. This will help other viewers to get to know the quality of the video content beforehand.
Admin Panel:
- Effective Dashboard – Through this effective dashboard, the admin can monitor and manage its users and modify the app easily.
- Upload Videos – The admin is allowed to upload the videos on the platform either by manually updating or through other platforms such as Youtube, Amazon AWS, and many more.
- Subscription Plan – The admin can look into the user’s subscription payments, and manage the pay per click, and also other options available on your platform.
- Site Settings – This will allow the admin to manage the commissions, PPV [pay-per-view], payment gateways, etc., efficiently through their admin panel.
- Category Management – Furthermore, the admin can move the videos into the different categories that will let the user choose it quickly.
Now, you might be wondering deep about what are the ways to get profit through your Netflix like app development? Scroll down to know it.
Source: Statista
Riveting Ways To Generate Revenue
- Pay-Per-View: For every video that a user watches, you will be paid with some amount. This is the most widely used way to generate revenue.
- Subscriptions: You will get a subscription amount every month from the users, and this is a great source to generate revenue.
- Advertisements: The companies will pay for you to publish their brand’s advertisements on your platform.
Intriguing Things About The Video Streaming Platforms
- First and foremost, through your Netflix clone app, the spectators can view unlimited videos without any buffering.
- Secondly, the video-streaming platform will hold more valuable content.
- Thirdly, The users can watch ad-free movies and videos.
- Apart from this, the users can watch the videos as per their taste.
- Moreover, you can also boost your users to experience your platform with a 30-days of a free trial.
How Much Does It Cost For Its Development Process?
When it comes to the cost of Netflix like app development, it falls under various aspects and includes numerous fluctuations. It is determined based on the
- Application Features & Designs
- Technology Stack
- Development Timeline
- Hourly Price Of Developers
Moreover, it differs from one client to another, and prices range from one country to another. But, it is up to your business requirements and integrations.
Winding Up
To conclude, you can either opt for developing an app from scratch or go on with ready-made solutions. In addition, it is high time for you to venture into the video-on-demand industry with an app like Netflix. Still here? Hurry up to evolve as a top video streaming platform among the competitors.
