Live streaming is trending in the media. The growth in live streaming popularity is increasing day by day attracting the attention of tons of viewers.
According to the experts, by 2028 the worldwide live streaming sector is expected to touch $223.98 billion. The growth is seen due to more and more money entering this sector and more businesses are building their live-streaming apps.
Well, to create a live streaming app without making any mistakes, you need to have some basic knowledge of how your app would appear.
In this blog, let us get into live video streaming app development and know about essential elements like monetization strategies, features, and the right process for development.
What Are The Different Types of Video Streaming Apps Trending?
VOD – Video on Demand Streaming
VOD helps users to enjoy watching their favorite movies and TV series. The best thing is they don’t need to be downloaded to watch content on different devices.
VOD also helps users to pause, resume or rewind the content while watching. Yes, the users need to pay for the desired subscription to watch the content.
Audio Streaming
It works on the same principle wherein the users can listen to their favorite music without the need to download it.
TV Live Streaming App
The users can watch television online using this streaming app. Well, if the users want to shift to on-demand video streaming services, their sports channels, series, favorite TV shows, etc disappear. This is the reason why businesses develop live streaming apps along with TV broadcasting.
The purpose behind creating live-streaming apps vary, for example, they can be utilized for personal needs as well as work needs.
Advantages of Creating Video Streaming App For Businesses
Well, there are a set of advantages associated with video streaming app development. Let us look at some of the main advantages.
Find the potential audience
No doubt, the video platform is the right platform to connect streamers and users. Well, it helps build trust and offers a place for followers and creators to communicate. These apps help customers raise queries and get instant responses.
Accelerated Conversion Rate
If you are offering regular content for your audience through premium video and audio streaming, it directly helps you increase your audience base and get more conversions easily.
An Array of Content
Content is crucial on all online platforms. So while creating a video streaming app, do not limit your distribution and concepts to just videos. Make sure you include plenty of features to deliver your content to a distinct audience base.
Compatible With Multiple Devices
Video-on-demand app development is not confined to mobile and desktop only. The app can be used on any device which attracts different user groups and boosts conversion rates.
Industries That Rely On Live-streaming Solutions For Success
Now, you may have this question in mind how live streaming video services can help your business.
Well, the fact that live video streaming app development is helpful for an array of domains cannot be denied. Some of those domains are :
- Entertainment
- e-commerce
- Medicine
- Education
Features To Consider For Video Streaming App
To build a scalable video streaming app, you should list out the features during live video streaming mobile app development. Let us have a look at some essential ones.
- Registration
- Onboarding
- Video Library
- Ratings
- Watch Lists
- Downloads
- Multi-Language Support
- Cloud-Based DVR
- Subscription
- Offline Viewing
- Chat
Monetization Models To Check Out For Your Live Streaming App
To be frank, your main objective behind creating a live streaming app is to generate revenues using relevant monetization models. So, let us have a look at monetization models to be considered while considering live video streaming app development as mentioned below :
- Freemium
- Paid app
- Advertisements
Simple Steps To Follow To Build A Video Streaming App
- If you do not have a technical background, make sure you hire a team of developers to get started. They will assist you to create a video streaming app from scratch. A lot depends on the mobile app development company you hire to build your app.
- Research to know your audience. Decide on the platforms on which you want to launch your app. For example, Android, Desktop, iOS, etc. Your choice of platforms would determine the tech stack to be used to build your app.
- Plan the content distribution. It means either you can choose to offer content to the users supplied by 3rd party distributors or the content you create
- Pick the right monetization model for the streaming service to generate revenues.
- Build an MVP so that you proceed with a product that is tested in advance before launching it online for the audience.
Technology Stack For The Video Streaming App Development
- Voice, SMS, and Phone Verification–Twilio, Nexmo
- Push Notifications –Push.io, Twilio
- Payments –, Stripe, Braintree & PayPal, EWallets
- Datastax–Data Management
- GWT – Powerful Programming
- Database –, HBase, Postgress, MongoDB, Cassandra, Mail Chimp Integration
- Real-time Analytics –Spark, IBM, Hadoop, Apache Flink, BigData, Cisco
- Mandrill– for emails
- Cloud Environment –AWS
- Streaming Media System – Nimble Streamer, Wowza Streaming Engine
Cost To Build A Video Streaming App
Certainly, there cannot be a straight figure for the answer to this question. Building any software entirely depends on the budget as well as other factors. Similarly, video streaming app development cost depends on different factors like :
- Developer rates,
- Features and functionalities of the app
- The complexity of the app
- Readymade or custom solution
- Third-party APIs etc
Also, the development cost depends upon whether you hire developers on an hourly basis or at a fixed price.
Conclusion
Now after knowing about the features, costs, and other aspects related to creating a robust live video streaming app/website, start with the MVP model to move further. This niche has ample opportunities for businesses to leverage from.
If you are looking for expert developers to implement your ideas and convert them into an efficient live streaming app, The Q Dev can be your trusted tech partner to help you build a white label video streaming app that helps you generate profits. Contact us to discuss your app idea and requirements and we will an app that excels in the market.
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Video Streaming App development
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