In this modern era, video editing apps are gaining popularity due to their exceptional features and seamless editing options.
Users only have to capture videos and then utilize video editing tools to enhance them. Moreover, with the massive improvements in smartphone camera quality, capturing videos has become more exciting.
With video editing apps like Magisto, one can add multiple videos, music, still images, titles, sound effects, voice-overs, etc., and make an outstanding video.
According to KVB Research, the worldwide market for video editing apps was $802.32 million in 2018, and it is predicted to reach $956.8 million by 2025.
Users are creating more video content which has prompted business owners to invest in video editing app development like Magisto and earn massive profits.
This blog will discuss why businesses should invest in the Magisto clone app and more. Let’s have a look!
Businesses that aim to create an app similar to Magisto to make a profit must follow the below-mentioned monetization strategy.
1. In-app Advertisements
You can charge third-party organizations to display ads or promote products on their application. Businesses can also use innovative technologies to track and analyze user behavior to provide personalized ads to their target customers.
2. Pay Per Download
A fee is needed to install the app, and there are extra in-app purchases with certain apps.
3. App Subscription
It is the most prevailing monetization strategy but also the most valuable. The app is free to utilize; however, if the user wants to access any of the app’s unique features, the user should pay a fee. You can consult a video editing app development company to discuss your unique app idea.
1. Artificial Intelligence
Magisto is integrated with Artificial Intelligence technology, continuously improving its features and the video creation procedure. Also, its AI-enabled features automatically select images and pictures for editing, making the video creation and editing process more powerful.
2. Sound effects
This functionality is critical for making a video sturdy and appealing. Magisto presents different voice options, such as fire, water, thunder, storm, and so on, via which users can build some splendid and unique videos.
3. Social media sharing
The app delivers the chance for social media sharing via which users can record and share their captivating videos on different social media platforms such as Snapchat, Facebook, Instagram, Twitter, etc.
The trend for socializing is growing daily, and people love to share their adorable photos and videos on their favorite social media accounts. Investments in apps like Magisto will deliver features like video stabilization, facial recognition, auto-crop, and much more.
Hence, you should hire the best video editing app development services provider that knows about the latest technologies and features and develop a robust app for you within the deadline.