How to build an app like YouTube – Cost, Features, Business Model

YouTube being the prominent player has changed the video streaming & Sharing industry to the whole with 500 hours of new content uploaded every minute. Youtube allows uploading videos in all the genres like Music Video, Web series, Vlogs, Short Movies, etc.

With over 2 billion users every month and 1 billion hours of video streaming every day. There is no competitor insight. With around 46 million monthly users Netflix stands in the second spot. i.e one-fourth of youtube users.

Let us consider some Points& Features with which the cost is directly proportional

1. User Base – User base of the platform is directly proportional to the cost of making the platform as higher the user base the greater its backend capabilities requirement and thus greater its cost. You would require a latest technology with high specification backend capabilities for excellent user experience specially when user traffic is high during weekends or holidays.

2. Live Streaming Capabilities : Live streaming in video sharing platforms require a completely different technological requirement which further adds upto the cost. Live streaming helps the content creators interact with their audience in real time for which real time streaming protocol system is required.

3. Video Recommendation : One of the most important factor which drives engagement and thus increases the time spent by a user on the platform is video recommendation. A video suggestion feature as the name suggest fills the user Homepage with video suggestion based on the users interest. To add this feature in your platform you would require a technical algorithm expert agency or company who is capable to design algorithm which will increase user engagement. To tell you the truth algorithm improvement is an ongoing process, so this feature won’t add a huge initial cost on your overall budget as it’s a recurring cost.

4. Business Model : One main thing to consider would be to how will you generate revenue. YouTube generates majority of its revenue from advertisement placed on the Beginning, Middle and at the End of different videos based on users interest. Youtube has recently launched premium service in which the user pays a monthly or yearly subscription price for using the platform adfree.

Based on the above considerations your cost will vary based on what features you choose to begin with. Some of the technology that you would require based on your above choices can be referred below or if you wish to get an indepth understanding on the topic you can refer the blog How to build an app like YouTube – Cost, Features, Business Model.

Technology Stack Behind Video Streaming Apps & Websites

1. Android Development – Java Programming
2. iOS Development – Swift Programming
3. Backend Development – Backend development is the backbone of any app to run perfectly in the front end. Some of the backend technologies you would need include, My SQL for Data base, Node JS, php, AWS for Cloud Hosting, etc.

To develop a video streaming app like YouTube is definitely not a one man’s job you would definitely require a team of experienced developers, UI/UX Developer, Support and customer care team. I would like to take this opportunity to suggest you One such organization with extensive experience in developing product like this WebClues Infotech

Wish to develop an app like YouTube? Then do read our article - How to build an app like YouTube – Cost, Features, Business Model