How Much Does It Cost To Build App Like Magisto: Video Editing App Development

You Should Develop App Like Magisto!

Magisto is one of the An most popular video editing apps in the market. Being one of the top-notch solutions, it has more than 120 million users in Google Play Store alone.

So, why does everyone want to develop their own app like Magisto? Well, there are many reasons behind businesses’ curiosity about this solution.

In today’s world, people love to watch more than anything else. Meaning video-based content is much more engaging, easy to market, and fruitful compared to others.

For instance, YouTube, the world’s largest video-based content-sharing platform has more than 1.7 billion unique monthly visitors. Tiktok, another platform largely based around short-form videos, officially has over 1 billion monthly active users.

This clearly shows the popularity of video content. And it goes without saying that to create videos that capture users’ attention; they need to be something special. This is where video editing apps like Magisto come in.

This is the reason why the global market for video editing software was $802.32 million in 2018. And by the year 2025, it is expected to reach $956.8 million mark.

With the huge size of the market and the amazing revenue generation opportunity it offers many businesses want to develop mobile application for video editing of their own. And if you are someone who wants to do the same, but want to learn more about it, this blog is for you.

Here, we shall be discussing everything you need to know about creating a video editing app like Magento as well as the cost related to it. With this being said, let’s get right into it:

What is Magisto? All You Need To Know About Video Editing App Development

Magisto is one of the world’s most popular video editing apps. Known through the market for its video editing and storytelling utilization among users, the platform serves as an inspiration for many mobile app development projects.

For those who aren’t familiar with the platform. It was first introduced to us back in the year 2009, founded by Dr. Oren Boiman and Dr. Alex Rav-Acha. Back then it was known as SightEra.

With funding from Magma Ventures Horizons and Ventures partners, Magisto’s earnings grew to $5.5 million in 2010. The platform which knows as Magisto was official on 20th September 2011. And it is safe to say public resource was amazing, as the user base grew rapidly.

Now, there are various reasons and factors behind the success of Magisto. But one thing that everyone can agree on is, the success of this platform has attracted a lot of businesses and start-ups to create their own app like Magisto.

The process through which an app like Magisto is created is known as an on-demand app development. 

For those wondering what the app is used for, the answer is simple, video editing. Here, the user can edit videos, add sound to them, add effects, remove certain parts and frames, add text to the video, merge videos to create something unique, and so on.

Moving on, we shall be discussing the working of the Magisto-like app in detail in the next section of the blog.

How Does An App Like Magisto Work?

While everyone has heard the name Magisto, the popular video editing app, not everyone is familiar with how it works. If you want to learn more about that, we shall be discussing the same in this section of the blog.

The working process is, as mentioned below:

1. The first step is downloading the application from App Store or Google Play store.
2. Now, you can register your profile which allows you to synchronize data across different devices.
3. With all set, you can open the app and choose the video that you want to work on from your phone. Apart from this, you can record within the app itself.
4. Once you have a video, you can observe it in the editor where you can see all of the frames and other important elements.
5. Now, you can start the actual editing work in this video editing app like Magisto. Here, you can clip the video, add amazing effects, add text, and merge another video, among other things.
6. After the editing is done, you can add the title to the video along with other important information.
7. With all set and done, you can render the video and share it online.

This is the process used to edit video in this video editing platform. Being one of the best platforms in the field, Magisto has quite a simple user face which makes it easier to use.

Moving on, we shall be looking at some of the essential features that make this platform so good at what it does. Let’s discuss the same in the next section of the blog,

Feature To Include in App Like Magisto

If you want to create the next best video and photo editing app, you need to fill it with features that attract and engage users while delivering value to them.

In order to give you better insight into the same, we shall be going through some essential features to include in an app like Magisto.

Moving on, these features, as mentioned below:

These are some essential features that should be included in the user panel as well as the admin panel of the platform. Moving on, it is always recommended to include some extra features which attract customers. These are, as mentioned  below:

Advance Features That You Should Consider Including

• eWallet Integration
• Stickers and Filters
• Analytics in Real-time
• Artificial Intelligence Integration

These are some of the basic features that allow app like Magisto to become popular among users. Moving to the Business POV, let’s see how you can generate revenue with this app in the next section:

How Does Apps Like Magisto Make Money

How do you make money with video editing app development?

Well, if you want to make millions with a video editing mobile app, you need to monetize the application. There are various ways to do so.

In this section, we shall be discussing the different monetization strategies for an app like Magisto. These are, as mentioned below:

• In-App Advertisement

Since you are offered an app that is free for everyone to download, it is a good idea to include an advertisement.

This is a strategy that is used by some of the top mobile apps in the Google Play Store and App Store.  When done right, it doesn’t mess with the user experience too much and provides a great revenue stream to the company.

Therefore, this is something that you should consider including in your app like Magisto. Moving on, let’s look at the next method.

• In-App Purchases

A large number of video editing apps like Magisto often resort to in-app purchase methods.

Here, you can provide various components that have to be purchased to be used. Now, because video editing software requires a lot of small components this strategy can do the trick.

Consider this before developing your Magisto-like app.

• Freemium Model

This is one of the most popular business models for an app that wants to make money.

So, what makes this strategy so special?

Well, there are various things. For instance, you can download the application for free.  And also is used free of cost, allowing users to edit video hassle-lessly.

However, if they want to access the premium version of the application, they have to buy it. And this is how the business gets revenue.  This is something that you can try out.

The best part about this strategy allows you to integrate other monetization methods into it.

These are some of the best ways to monetize an app like Magisto. Moving on, we shall be discussing the average cost create a video editing app.

Average Cost to Develop App Like Magisto

So, how much does it cost to develop an app like Magisto?

Well, no one knows for sure. You see, developing a mobile app can be complex and lengthy let alone a high-level app like Magisto.

With higher complexity, the cost of the solution becomes harder to predict. This begs the question, why is the cost of on-demand app development services for a video editing app so difficult to predict?

The reason is quite simple. There are a lot of factors that come into play here. The total cost of video app development is based on the combination of these solutions.

Now considering the fact that every project is unique in its own right, the factors involved with them also become equally unique. This is the reason why it is so difficult to predict development costs.

For the same reason, it is also not possible to predict total development cost without learning about the project specification.

Nevertheless, you can expect the total Magisto clone app development cost to be anywhere between $15,000 and $65,000.

If you want a more accurate cost estimate, it is highly recommended that you consult a mobile app development company that can help you with the same.

Moving on, we shall be going through different factors which can affect the total cost in the next section of the blog.

Factors That Affect Video Editing App Development Cost

As we have discussed time and time again, the total Magisto app development costs can be affected by several different factors.

While it is not possible to go through all of them, we will be covering some of the major factors. Therefore, with this being said, let’s get right into it:

– Way to Hire Mobile Developers

If you want to create a mobile app, you have to hire dedicated developers.

So, how do you hire developers? Well, there are various ways you can do it. And as one might expect the different ways to hire developer come at different costs.

Let’s see what these different methods are and how much they cost. These are, as mentioned below:

• Hire Freelancers – $60-$100/hr
• Outsource to On Demand Development Company – $25-$45/hr
• Assemble in-house team – $50,000 – $120,000/Salary
• Hire Part-Time Developers – $8-$75/hr

Developer’s Experience

The cost based on the experience of the developer is, as mentioned below:

App Development Platform

This is something that you need to do before you hire developers. We are talking about choosing a platform.

It goes without saying that there are two major mobile app development platforms you can choose from. Namely, iOS and Android app development services.

As far as the cost is concerned, both iOS and android app development are almost similar. However, it is often noticed android is a little bit more complex than iOS.

Apart from that, if you are looking from cross-platform, that is much cheaper than both of these options. Nevertheless, you should always consult an app development company before choosing a platform.

Read the blog – WHY YOUR BUSINESS NEEDS TO INVEST IN MOBILE APP DEVELOPMENT

Complexity of App

It goes without saying that various factors can affect total development costs. But one of the largest factors here is the complexity of the application.

As one might assume, the simpler a solution is the cheaper it is to develop. On the other hand, a more complex solution might be more experience. And that remains true for a video editing app like Magisto too.

Location of Developers

Another factor that affects the cost to hire mobile app developers is their location.

Now, there are various reasons behind it. These include local competition, currency, average wages, and so on.

Moving on, the costs to hire mobile app developers in different parts of the world are, as mentioned below:

Conclusion

Video editing platform like Magisto has been growing more and more popular day by day. That is why a lot of businesses want to develop that.

If you are someone who wants to develop your own app like Magisto or want to learn more about the cost, you should consult a video streaming app development company that can help you with the same.

FAQ

Niketan Sharma

Niketan Sharma is the CTO of Nimble AppGenie, a prominent website and mobile app development company in the USA that is delivering excellence with a commitment to boosting business growth & maximizing customer satisfaction. He is a highly motivated individual who helps SMEs and startups grow in this dynamic market with the latest technology and innovation.