Building a live streaming app can be a lucrative business move. However, app development of this kind requires skill and specialist knowledge. Its costs are therefore important to understand before commissioning the development of such an app. Live streaming apps are designed to stream video content in real-time and may include features designed for video conferencing or streaming events and personal content.
Factors Affecting the Cost of Building a Live Streaming App
There are multiple factors that will affect how much it costs to build a live streaming app. Firstly, the platform type will have an impact. Building an app for the web versus building one for mobile makes a difference.
The features that are required for a live streaming app will also influence the cost. The more features required, the higher the cost. Some of the features that might be required for this type of app include commenting or chats, different ways to share the stream, accounts and profiles, a donation or payment system, video quality options, and more.
Another factor is in-house versus outsourced development. Outsourced development teams could be more cost-effective, depending on your existing in-house development team.
Other factors are:
- Technical infrastructure requirements
- User experience and design
- Marketing and promotion
Estimating the Average Cost of Building a Live Streaming App
The above factors can help to estimate the cost of building a live streaming app. It will likely cost at least $35,000, although the true costs can’t be estimated without knowing more about the specific features you want in the final application. It’s essential to get a quote to find out how much it would really cost.