Why Do You Need To Invest In a Video Chat App Development

Who doesn’t use the social media these days? And who wouldn’t like to see a person we’re talking to at the moment, even if this individual is actually on the other side of the world? Yeah, that’s right, it’s a known fact, that a custom video chat app development is a highly profitable and exponentially growing industry. How many mobile application developers around the globe already became rich and famous after they embraced their dream to build video chat app? Let me tell you, a lot of them. If we take time and count every successful messaging startup, that began small and ended up a super appreciated video and voice call app, this could take a few.  

So, wanna know why you should invest
in the video chat application development?

Well, allow me to say, that nowadays to develop a video chat app isn’t only a trend it’s more like a course of actions and a business strategy. But yes, investments of any kind are risky and can be considered a wild card. Therefore, let’s take a peek into some real reasons, shall we? 

Reason #1. Popularity & Usage numbers

You heard about Facebook Messenger, WhatsApp, Line, Google Hangouts, Viber,  FaceTime, ooVoo,  and WeChat? Or, at least, about Skype, right? Well, Skype is a dinosaur comparing to others, and some of them started only as simple chatting apps and added a video calls options much later. There is a wide range of them with a variety of functions, unique features and huge numbers of customers. Some of them are more famous than others but most of them found their niche and gain the customers. A wide range of them, of different ages and countries around the world. To prove the point, check out the reviews of 13 Best Apps for Video Chatting like Facetime and Best Video Chat Apps For Android And iPhone.
According to Digital Marketing Ramblings statistics, WhatsApp alone has 1 billion registered users. And based on the estimation by April 2016 WhatsApp already became most popular mobile messaging app worldwide, successfully beating Facebook Messenger, WeChat and Skype. It was before WhatsApp implemented video calls feature. Needless to say, how their revenue numbers gonna explode in the following year.        

Reason #2. Monetization platform & Revenue Boost

You know can make money via mobile app even if it’s free for users? Yes, you can. There are a lot of ways to push up the revenue numbers of a video chat app such as in-app purchasing, paid premium features and specifically targeted ads based on the users’ preferences. For example, a video chat application called Line makes over $270 million per year just selling their brand stickers.
Also, having a real-time interaction with the users through your app you gonna get valuable their feedback, therefore, an insight how to improve the product and make it even more profitable and interesting for people. Knowing and analyzing their behavior, you become foresighted businessman and won’t disappoint the customers.

Reason #3. Learn from the best
"We believe the next generation is about instant video chatting and interactivity."
Shmil Levy, a partner at Sequoia Capital Israel (c)

You should do a research to see how many already famous corporations and huge companies invest in this industry. For instance, even such giants as Sequoia (Sole investor in the WhatsApp), and Samsung put their money in Israeli mobile video chat app called Rounds.

Reason #4. Professional platform

It’s always the best way for personal and business to communicate face-to-face. You believe when you see it with your own eyes, they say. Through a text or an e-mail letter you don’t see your conversation partner, his or her emotions and reactions. But we all know that it’s not always possible for some reasons. So, the most suitable and winning solution for the future is, actually, a video chatting that allows saving the precision of a direct dialogue between two individuals. Job interviews, support teams for various services and consulting sessions with experts on any topic like LiveNinja. It’s a perfect opportunity for professionals from different fields to establish their instant interaction with customers via online video calls to provide any consultation or advising sessions needed. With precise schedule, one can gather online meetings and conferences thankfully to group video chats. An important point is that video chatting reduces miscommunication between talkers.
Concerning the future of medicine, in the U.S. it’s already a common practice among healthcare professionals to provide consultations and to check their patients via video chatting mobile apps. Which saves a lot of time and money for both medical facilities and their clients. So, it’s highly reasonable to continue investing in the video chat app development and expand the industry for the people’s benefits. 

Reason #5. The perspectives and opportunities  

Our life is almost completely mobile already and we need to embrace it. As for social media apps, the simple messaging products are going to become history. According to statistics, in the nearest future the total number of users that prefer video chatting will be around 30 billion. In addition, mobile apps for video calls will beat their websites competitors. It’s already a fact that among most popular mobile messaging apps by November 2016 the video chat applications WhatsApp and Line are still in the Top 3. And in the general line of most popular mobile social networking apps, estimated by average session duration, almost everyone from this range one way or another contains video calls feature.
As for technical aspects, there are rumors that Apple is going to design a watch with a front camera that will be able to record video. Right now their smartwatch supports only audio calls, but we’ve seen on the WhatsApp example that it’s the first bell to future improvements. So, catch your moment, get on the train to the future. 

And how much does it cost to build a video chat app?

If you decide, for starters, to create a video chat application on Android, it’s gonna be easier and cheaper. But to get more profit and wider audience you should probably consider also to develop own video chat app on iOS too. To help your cause, there are various already made SDKs (Software Development Kit) and third-party APIs platforms (Application Programming Interface), apps clones and tutorials.
According to research, if you decide to hire up professionals from the mobile applications development company the price of your future video chat app will depend on the next factors:

        The complexity of the project
        Supported mobile platforms (iOS, Android, Windows or cross-platforms)
        Desired features and functions
        Backend connection
        Third-party services integration
        UX/UI Design
        Native or hybrid approach to app development
        Programmers that gonna develop your app and their hourly rate
        Analytic solutions integration
        Post-launch tech support

Final Thought

The mobile application development industry is booming and people are obsessed with social media apps and they will never stop using it. So, you can be sure, that a cost to make the best video chat app will be highly paid off in the first couple of years. If still have doubts, contact with someone who knows a thing or two about investments in the field of video chat apps. Gather and analyze all the information you can to calculate your chances and possibilities.   
Why Do You Need To Invest In a Video Chat App Development Reviewed by Irfan Shakeel on 11:47 PM Rating: 5

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