How to Make a Video Editing App Like Magisto?
We used to need expensive DSLR cameras to take beautiful images in the past. However, the process got simpler once smartphones entered the market and gained access to fantastic photographic qualities, previously only found in more expensive cameras. video editing app like Magisto have won the market, and many companies have developed look-alike apps.
A few years ago, for video
editing, we used some software on our laptops and PCs to edit videos. It took a
long time and was tedious. Due to this fact, it was challenging to comprehend
those instruments and begin using them. Thanks to video editing apps like
Magisto, this laborious procedure has become as easy as going for a stroll. So
in this article, we will discuss video editing apps like Magisto. What will
their development cost & features be? First, see what the Magisto app is.
What is a Magisto
App?
Magisto is an artificial intelligence-based platform
that helps in video creation and editing. When someone uploads pictures and
videos to Magisto, its artificial intelligence begins analyzing its footage.
The footage goes through three levels. They are- visual analysis, audio
analysis, and storytelling. Simultaneously, it has integrated AI technology to make it appear as a
flawless application.
The visual analysis is responsible for checking
your footage for camera motion, in-frame action, tracking, object detection,
and more. It will help you to understand which part of your Video is visually
attractive and helps with stabilization, colour corrections, and other edits
required in the footage. The second level is audio analysis, which is
responsible for detecting speech, classifying different types of audio
available in uploaded footage, and helping these elements to fit in the Video
to make the Video perfect.
The third and final level of Magisto is
Storytelling which is responsible for the final cut of your Video. After going
through all the above levels with selected styles and templates, the editing
process of your Video is completed. The app doesn’t save any analytical
information on its server. But it is temporarily stored so that you can see
your work. After that, you can delete it. It is just a multimedia messaging app like
Snapchat.
The Magisto is not the first video
editing app, but it differs from others with its powerful AI. Numerous mobile
application development companies have started building apps that look like
these so-called video editing apps. Let’s see its history.
Magisto
at a Glance, a Video Editing App
- Founder:- Dr. Oren Boiman (CEO)
and Dr. Alex Rav-Acha (CTO)
- Founded:- In the year 2009 as
SightEra
- Type of service:- Video Editing
- Users:- 1,000 million users
- Operating system:- Android
- Website:- https://www.magisto.com
What is the Business Model of Magisto App? [
Free + Paid Plans]
The business model of
Magisto is Freemium. Let me tell you, for those who don’t know this Freemium plan.
It is a combination of free and premium plans. Free plus premium is known as
Freemium. It is the most popular business model that most companies follow
nowadays. Under this business model, you will get minimum services for free.
But for additional service, you have to pay.
You will get the essential
tools in video editing apps like Magisto. But, if you want advanced features
for video editing, you have to take a premium subscription which many mobile app developers integrate.
Under the premium plan, you will get services like HD videos, longer videos,
premium themes, etc. You will get advanced customization and better AI
integration for video editing. It is beneficial for professional users to
create high-quality videos within a few minutes.
How Does a Video Editing App Like Magisto
Make Money?
To earn money from video editing apps like Magisto, you can follow
the same way Magisto follows. There are plenty of ways to make money from an
application. You can also get help from a top
lifestyle app development company
The Magisto follows two
following ways to make money:
1. In-app Advertisement
Under this method, you can
make money by charging the companies to advertise their products on your
application. In-app advertisement targets potential customers with high-end
data tracking of the behaviour of users. It is one of the popular forms of mobile
marketing.
2. Freemium
It is another popular form
of making money from video editing apps like Magisto. Many companies follow
this monetization method. Under this monetization method, companies first
provide a few services for free as a temptation. After users get addicted to
it, then companies show their advanced features. Users have to pay for these
advanced features. They have to buy a subscription from companies to use it.
Cost to Develop Apps Like Magisto
Let’s see a rough
estimated cost to develop an app like Magisto. If you wish to create an app
with basic features for a single platform, it will cost you around $10,000-$30,000. But, if you desire to create an app with
advanced features for both platforms, the cost will be approximately $50,000. The price will increase with features.
Hiring Video Editing App Development
Team? Things to Keep in Mind
Limited app features and costly subscription plans- are these the
reasons why you want a custom-made video editing app? If yes, then let us tell
you that it’s a great decision. But then you need a good plan to build your
custom video editing app.
Where should you start? Well, the first step is of course the most
important so begin by hiring the right team of app designers and developers. Here
are 3 key factors to keep in mind when hiring:
- Expertise: Look for a
team with experience developing video editing apps. They’ll understand the
unique challenges and user needs involved.
- Future-proof: Review the
team’s past projects and see if they can build a scalable solution and
plan for future updates and feature additions.
- Communication: Clear
communication is crucial. Choose a team you feel comfortable discussing
ideas and providing feedback to.
How Can DreamSoft4U help you?
DreamSoft4u is a leading app development company in the USA and
India. We have nearly two decades of experience in building custom mobile apps
for Android, Apple, and Windows devices.
We have a rich technology stack to build projects of all scale and
scope. We have built, implemented, and scaled apps for diverse industries-
including startups, SMEs, and influencers.
We also upgrade existing apps, modernize them, and align them to
your evolving needs. With our team by your side app, you’ll gain:
- Lifetime access to
the features you desire.
- Complete control
over customization.
Need a free quote for your video editing app development project?
Contact us now, share your requirements, and our team will share a detailed cost
estimate.
Conclusion
In the article, we discussed a video editing app- Magisto. We
covered all the necessary points required to know about the Magisto. It will
help you to develop a video editing app like Magisto. We hope that the article
will be helpful for you. You can also visit dreamsoft4u.com to get more details
on how one can develop a video editing app quickly.
FAQs
1. Is there any potential for app
monetization if I hire your services?
We are only your development partner and hold no right over the
app. You can sell the video editing app to other individuals or businesses
seeking similar tools.
2. How much time will it take to develop the
app?
The development time can vary significantly depending on several
factors, but here’s a breakdown to give you a rough idea:
Complexity:
- Simple Editing App: Basic
trimming, cutting, and adding text or filters.
- Moderate Editing App: Features like
transitions, effects, and basic audio editing.
- Advanced Editing App: Offers
multi-track editing, green screen support, complex colour correction, and
professional-grade tools.
Here’s a general timeframe
based on complexity:
- Simple App: 1-3 months
- Moderate App: 3-6 months
- Advanced App: 6-9 months or
more
3. Can you upgrade my existing apps?
Yes, we can upgrade your current apps. Add new features and
functionalities as per your needs. But only if you hold complete ownership of
the app. We don’t upgrade third-party apps that you use on a subscription
basis.
4. Are your app solutions watermarked or
white-labelled?
Our solutions are fully white-label. You can rebrand and market
them as your own.
Visit us: https://www.dreamsoft4u.com/blog/how-to-make-a-video-editing-app-like-magisto/
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