How Much Does It Cost to Develop a Podcast Application?
How much does it cost to develop a podcast app?
The podcast sector is growing rapidly. The industry generated $ 9,479.1 million in 2018 and is expected to generate more than $ 1 billion in revenue by 2021, according to the PWC and Interactive Advertising Bureau (IAB).
High earnings are attributed to the increase in the average audience of podcasts. Podcast is an event that raises search costs for Mobile app development costs
Today our purpose is to answer the cost of creating a podcast app. We’ll take a look at the different aspects that top players in the industry need and how you can make money once you’ve built your podcast app.
Contents:
- Big player in the podcast streaming industry
- The podcast should have the features of application development
- Cost to develop a podcast app
- Podcast application monetization models
The number of podcast listeners is increasing with the new arrival along with the market revenue. The market that previously dominated Apple Music is now looking for new titles.
Let's take a look at some of the most used platforms in the podcast industry.
Big player in the podcast streaming industry:
In June 2005, Apple added podcasting to iTunes 4.9 and began building a podcast directory in the iTunes Music Store. Under the new iTunes, users can subscribe, download and manage podcasts. Since then the popularity of podcasts has increased. Although growth has been stable for many years. But the coronavirus-driven blockade has increased the number of newcomers.
Now that we have built your podcast app, we have taken a look at the podcast industry and market players that serve as a reference for you, taking a look at the cost factor for developing podcast mobile apps.
The podcast should have the features of application development
1. Category-wise search function
The first way users look for podcasts is through the application. Search activity should allow users to search for podcasts by podcast title, episode, style, RSS feed frequency, etc. when developing a podcast application.
2. Find the tab
The Discover tab of the General Podcast app includes styles such as "Trending", "Feature" and "Free" and category-organized podcasts. This will make it easier for users to find their next podcast. We recommend implementing AI integration at this stage, which indicates what the user should look for next.
3. Library
It's part of a podcast app that helps users keep track of downloaded podcasts, new episodes, their favorite podcasts and playlists.
You might think this is a bigger version of the Netflix watchlist and the next view section.
4. User profile
The podcast app's user profile contains tabs containing account details, listening statistics, help center links, settings and more.
5. Offline mode
When developing podcast apps, the main feature recommended by every media and entertainment app development company is the first offline mobile application development approach. The reason we put this feature in MVP mode is that as an MVP you can also give your customers the opportunity to use your app while in airplane mode.
Cost to develop a podcast app:
The cost of developing a podcast application depends on a number of factors. Let's look at each of them.
1. Features
The first to bear the development costs are the features of the podcast application. The more advanced features you add to the app, the higher the cost. The MVP process can be previewed on a podcast recording or live stream feature. We recommend the comprehensive features required for the operation of your application.
2. Department of Technology
The next factor affecting costs is the technology sector. Tech stock selection varies from app to concept. But the general rule is that if you are developing APIs and SDKs from scratch, the costs will be higher if you use third party integrations.
3. Design of podcast applications
It is very easy for designers to integrate an application as the number of podcasts that make the application successful is usually high. The goal of the developers working on this project is simple application design. However, creating a design that offers multiple podcasts in an organized manner requires some skill, which comes at a cost.
4. Technology Integration
Technology integration is another important factor that directly affects the cost of podcast application development. Although we recommend using AI in applications, the cost will automatically increase if you add technology such as IoT or Blockchain.
5. The position of the agency
The last element is the position of the agency. As you move from east to west, the cost of application development usually increases. The average hourly growth rate in the US is usually between 100 and $ 120, while in the case of India it is anywhere between 60 and $ 80. The first reason for the demand for remote developers.
Everything you read up to this point is in terms of the amount you have to spend for podcast application development. Let’s dwell on the fact that the ultimate goal of any app is to generate revenue.
Podcast application monetization models:
1. Advertising in the application
One of the top ways for a business to make money from an app is through in-app advertising. By displaying branded videos or images on podcast screens or even after a few chapters of the audiobook, you can get the option of earning a good amount.
2. Subscription
The next best way to make money on your podcast app is to subscribe monthly. Although we advise against this as there are many free podcast apps available in the market, if you feel that the content you are offering is not really on the charts, add a subscription feature.
3. Premium content
One option we give 100% refund is premium content mode. You can provide your customers with an ad-free listening experience, access to the most trending podcasts, and the first look at the hottest podcasts behind monthly or quarterly charges.
With this, you are now ready to make your next big name in the podcast industry. Next steps? Stay in touch with the media App development company and start the process.
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