How Much Does It Cost To Create An App Like Douyin In 2024?

 

Welcome, techies and aspiring entrepreneurs! The need for video streaming apps is growing rapidly in the rapidly changing world of digital entertainment. You’re in the perfect place if you’ve ever wondered how much it would cost to create a video streaming app. Video streaming applications have emerged as the mainstay of our entertainment environment in the age of digital content consumption. The market for video streaming was valued at USD 106.83 billion in 2023, USD 129.80 billion in 2024, and is projected to grow at a compound annual growth rate (CAGR) of 20.90% from 2024 to 2034, reaching around USD 865.85 billion. Therefore, we’ll examine the main characteristics and other crucial factors affecting the cost to create an app like Douyin.

Let’s get started.

What Is A Douyin App?

The Chinese short-video social media site Douyin (抖音) was created by ByteDance, the same company that created Douyin. However, Douyin is designed especially for the Chinese market, while Douyin is used by people all over the world. Their content, features, and user experiences are very different, but both apps are built on the same technology and format: short, interesting videos with music, filters, and effects.

Market Statistics Of A Douyin App

  • Douyin has 600 million active users who log on for an average of more than two hours each day.
  • Additionally, 45.2% of interviewees said that Douyin is the platform they use the most for short videos, according to the iMedia Research (2021 Report).
  • There are 1.9 billion monthly active users on Douyin and the other sites in the Bytedance group.
  • According to data from June 2022, 44.6% of Chinese internet users had made purchases via live-streamed films. In 2022, the gross merchandise volume of Douyin alone was 1.4 trillion Chinese Yuan, or £168.4 billion.

Read More — https://appicsoftwares.com/blog/create-an-app-like-douyin/

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