“Music streaming apps are the modern-day jukeboxes, providing a personalized soundtrack to our lives.” – Taylor Swift
Quick Summary: Are you looking to build a music streaming app and have a question — what is the cost to build a music streaming app? If yes, then you have reached the correct place. Read this blog to get an insight on everything from cost, factors, features and monetization strategy and so on!
In the past few years, digital music streaming has increased dramatically. New players are emerging that offer a modern, interactive, and user-friendly experience. How much does it cost to build a music streaming app? This is one of the most frequently asked questions. This blog will examine the costs of building a music streaming app like Spotify.
It is expected that the global market for music streaming will bring in $29.bn in 2024. It is predicted to grow at a rate of 4.70percent per year from 2024 to 2027, which will bring the market size to $33.97 billion by 2027. This data depicts that the demand for music streaming apps will be increased.
Due to this, many businesses are looking to invest in music streaming app development. If you are also among those who wants to create a music streaming app and curious to know about the development cost, then you must read the blog till the end.
We will discuss the intricacies of developing a music streaming app, costs, factors, features. You need a robust music streaming apps development strategy to build a music app. To ensure their apps are successful, businesses must stay abreast of the ever-changing technology landscape.
Businesses need to consider the app’s complexity, cost, and timeframe to complete music streaming app development. Before starting a project, it is important to understand the cost to build a music streaming app. A mobile app developer can help businesses create an app that meets their needs and budget.
So, let’s begin.
Table of Contents
What is a Music Streaming App?
Music streaming apps are digital platforms that allow users to listen to music on their computers or mobile devices. A music streaming app allows users to search and listen to millions of songs from different genres, artists and record labels. The music is streamed over the internet. Users do not have to download music to their devices.
Many music streaming apps offer more than just access to music. They also provide additional features like curated playlists and personalized recommendations.
Some even allow users to share their playlists and create them with others. Spotify, Apple Music, Tidal, Amazon Music and Google Play Music are popular music streaming applications. Most apps require a monthly subscription or have both free and paid versions. So, if you are planning to invest in music streaming app development, then you must determine the cost to build a music streaming app.
Market Stats on Music Streaming Mobile Apps/Websites
- The “Music Streaming Revenue” will be higher, with a projected revenue of $20.9M or more during the forecast period 2020-2027, with 17%.
- Amazon Inc, Spotify AB, SoundCloud, Pandora Media and Apple Inc. are the top players in niche music.
- Music with interest-based content increases market share by 23% and raises user interest.
- According to the International Federation of Phonographic Industry, the music industry is expected to have a dominant market share of 62% by 2021.
- Top players continue to advance with technologies such as Artificial Intelligence (AI), Virtual Reality (VR), Augmented Reality (AR), and Holograms.
- In 2021, the user penetration rate was projected to reach 30.1 % and will hit 40.1 percent in 2025.
Essential Features of a Music Streaming App
Features are the essential component that attract users, but choosing them can be daunting as it directly affect the cost to build a music streaming app. So, it is advisable to take help from a music streaming app development company. Let’s now have a look at the below features:
It is a key feature for premium accounts. You can ask your users for information. Users must create an account to log into the mobile app to access a huge collection of free music. They will need to provide basic information such as Name, Email IDs, Mobile Numbers, and Age. Users can unlock advanced features by registering themselves.
2. User Profile
Users can update their profile by updating the information in this section. Users can update their profiles by changing their information. Users can also set their preferences for music in user profiles.
3. Social Sharing
Social sharing is a key component of business success. You can encourage your audience to share their favorite tracks, songs or playlists via WhatsApp and Instagram Direct Messaging. However, integrating social sharing feature can increase the cost to build a music streaming app.
4. Online and Offline Content
It is important that your listeners have access to both online and offline content. This will help them stay on their smart devices for longer. Offline access is the best way to let your listeners enjoy their favorite music or songs without having to rely on an internet connection. Online access allows your listeners access to all the latest content and download songs for offline access.
5. Discovery and Search
Discovery and search are what you show users to prove their choice. This feature is important because it allows users to track their preferences or find songs. Users can use this feature to search for music by artist, song or album.
It is the best way to engage users. This feature can be added to your music streaming app like Spotify to suggest songs based on the user’s search. This feature helps anticipate the music preferences of users and makes recommendations based on that.
7. Create Playlist
This allows your users to take advantage of the features in the music app. You can allow users to add or store their favorite songs to a playlist. You can either access the songs directly or create a playlist of your choosing.
8. Push Notifications
Although not a mandatory feature, push notifications can be incredibly useful in letting your listeners know about new songs, amazing deals, or discounts. It is vital to know that incorporating push notification feature can affect the music streaming app development cost.
9. In-app messaging
Messaging within the app is about communicating with other users through private messages.
Now you understand how to develop music streaming apps and the cost to build a music streaming app. However, the price problem persists, depends and varies.
How to Make Money with a Music Streaming App?
It doesn’t matter how well your app was developed or what results it produced if you don’t make money from it. To make money with your music streaming mobile app, it is important to have a revenue stream that you can rely on and a business model dedicated to maximizing ROI. A well-defined business plan will mitigate risks and ensure a sustainable income for your business. These are some of the monetization methods you can use for your app.
1. In-App Ads
In-app ads can be monetized by displaying them to users using audio streaming servers in the form of an image or video as they switch between tracks. One of the best ways to increase your revenue is by allowing users to advertise on your audio-streaming platform.
2. Paid Membership
A paid membership model can be used to increase both your user base and ROI. Users can subscribe to your app monthly or annually. This is one of the best revenue streams to ensure customer retention and recurring profit.
3. Premium Model
You can increase your overall revenue by offering premium subscriptions to users who download and use your app for free. Users will only be able to download or listen to some of the most popular music genres with a premium subscription. This allows you to monetize the content.
4. Coupons and Promotions
The users can use promo codes and seasonal coupons to get a variety of services. You can also offer discounts on your service during the holiday season, which will gradually increase the number of subscriptions.
How Much Does it Cost to Build a Music Streaming App?
How much will it cost to build a music streaming app? The answer can be found by analyzing a few factors, such as the features of the app, the platforms it would run on, and the region that your music streaming app developer belongs to. The cost to create music streaming apps on Android and iOS ranges between $10,000 and $25,000. Keep in mind that these numbers are only guesses. They could change a lot based on what really needs to be done for the job. Costs can vary depending on a variety of factors, including the feature list and tech stack used in the app as well as its overall complexity. Let’s have a look at the table showcasing the cost on the basis of complexity.
Besides, we will have a look at the formula that can help in calculating the cost to build a music streaming app. So, let’s have a look:
Total Music Streaming App Development Cost = Hourly Rate Of Developers * Total Development Time
Now you know the formulae to measure the cost. If you want to know the actual mobile app development cost, then you must consult with a music streaming mobile app development services provider like Dev Technosys.
Factors Affecting the Cost to Build Music Streaming Apps
1. App Complexity
The complexity of an app will directly impact its price. A highly complex app that has a large feature list, for example, will cost more than one with a smaller feature list and a lower complexity index. We will try to give you an estimate of the cost to build a music streaming apps on Android and iOS based on their complexity.
2. UI/UX Design
A well-defined UI/UX is one of the key parameters that determine the success of an app by increasing both engagement and retention rates. The cost of developing an app can vary because it is necessary to test the design multiple times to ensure that the app offers a seamless experience to its target audience.
3. App Platform
The overall budget for app development is also determined by the platform that you choose to build your music streaming app. You can choose to develop your app on either iOS or Android, or you can go with cross-platform development. It is recommended that, even though the cost difference between Android app development and iOS app is minimal, you choose one audio streaming platform at first. Then, as your app grows in popularity, you can move to another.
4. Team Size
The size of the team hired to create a music streaming app for Android, or iOS has a direct impact on cost. It is recommended that you outsource the project. Growing an in-house app development team is difficult, especially when hiring and managing all of your employees. This team can provide you with complete expertise at a lower cost.
5. Location of Developers
The location of the app agency will affect your budget for app development. If you hire an agency in Asia or Africa, for example, the cost per hour of development is lower than if the organization was located in the US or UK.
The app development process doesn’t stop when the app is launched on the app store. To ensure the app is bug-free and runs smoothly, you will need to put in a lot of effort. Integrating modern technologies in line with market demands is another foolproof way to ensure the app’s future success. The total cost for music-streaming apps is directly impacted by the maintenance costs.
7. Tech Stack
A strong tech stack is essential to the success of your app in the competitive market. Modern technologies can put your app on the path to success and ensure maximum ROI. The most popular music streaming applications for Android and iOS use some of the easiest technologies and frameworks to learn.
The features that you integrate into your music streaming app like Pandora will have a direct impact on its budget. Mobile apps with a large feature list will give you the edge that you need while improving user satisfaction and engagement.
We have reached the point where we are going to look at the features you must include in your music streaming application, along with how many hours it will take to create them.
The cost to build a music streaming app will vary depending on many factors, including the scope and size of the app, the platforms for which it is being developed, and the level of customization. The average cost of developing a music streaming application is between $10,000 and $25,000.
However, the final price will depend on your project’s requirements. It is essential to hire a mobile application development company who are skilled and experienced if you want to build a music streaming app.
Frequently Asked Questions
How Is Secure Creating The Music Streaming App Solution?
With the recent boom in streaming solutions, content creators, broadcasters, and distributors have been thrown into a volatile environment. In order to protect data and prevent theft, many OTT platforms have implemented a variety of piracy protection layers, including Multi-DRM, Geo-based restrictions, Password Protection, Unauthorized access, etc.
How Long Will It Take To Build A Music Streaming App Like Spotify?
You can now easily build a music streaming app with full customization in less than one month and grow your business without hassle. You can create a customized app with flexible monetization and additional benefits according to your specifications.
What are the Top 10 Music Streaming Apps?
There are several music apps that are present in the market, but we have listed below the top 10 music streaming apps. So let’s have a look:
- YouTube Music
- Apple Music
- Google Play Music
How to Build a Music Streaming App like Spotify?
You must follow the steps below in order to create a music streaming application like Spotify:
- Analyze your target market and determine the market needs.
- Select a business model that is relevant to your music streaming app.
- Hire a dedicated entertainment apps development team.
- Create an app wireframe.
- App MVP: Finalize feature list
- Finalize the UI/UX Design.
- Complete the coding procedure.
- Install the app on the market.