Video streaming apps have a high penetration worldwide. Hire professionals to develop a stunning app. Read this article to know more.
Develop a state-of-the-art video streaming app and capture a share of the online customer base who prefer using such apps.
Video streaming apps are gaining in popularity worldwide with the number of users already in the millions and on the rise. Hiring a skilled development firm to create a stunning app can do wonders for your business.
Introduction
What is a Video Streaming App?
How does it work?
Benefits of Developing a Video Streaming App?
Main Features
Common Monetization Strategies
How to Develop a Video Streaming App?
Tech Stack & Development Team
Advantages of Hiring the Professionals
Conclusion
Introduction
This is the digital era with more businesses taking advantage of the increase in the use of electronic devices. There are more people using smartphones, tablets, PCs, and Laptops for a wide range of activities.
This has created a big impact on several industries including the entertainment industry. Video streaming solutions are already a big market worldwide. Here are some statistics on the consumer shift toward online solutions:
- Mobile commerce sales in 2020 was 2.92 Trillion USD.
- There are over 6.4 billion active smartphone users as of 2021, while in 2016 there were only 3.7 Billion.
- There are expected to be 7.5 Billion Smartphones users by 2026.
- The average time spent on mobile devices daily in 2019 was 3 hours and 43 minutes in the USA.
Hence developing a video streaming app can be highly beneficial for your business. This article explains how you can archive this.
What is a Video Streaming App?
Video streaming is a technique popular with many entertainment apps that allow one to watch an online video without having to download it. This can be a movie, TV show, or documentary; it can also be a live video like that of a special event or sporting event.
Some of the popular video streaming platforms include Amazon Prime, Netflix, Hulu, Voot, and Apple TV. Here are a few statistics to help you understand how popular they are:
- 83% of Americans have a current subscription to at least one video stream platform as of 2022.
- Revenue from online video streaming platforms was $24.1 Billion in 2020.
- YouTube is one of the most popular free video streaming platforms with 2.6 Billion active users globally in 2022.
- Globally, Amazon Prime Video has over 200 Million users while Netflix has 195 million, HBO Max 73.8 Million, and Apple TV+ 40 Million.
How does it work?
Mobile users with a fairly fast Internet connection can stream video in high quality. One must have at least a 5Mbps connection for this purpose. Popular streaming platforms like Amazon Prime & Netflix are likely to have special services and cloud video platforms to store the large collection of videos. These are mirrored globally and cached for quick delivery.
Benefits of Developing a Video Streaming App?
- Such apps allow instant streaming of your favorite videos and work without a hitch.
- It does not require one to store the video hence device space is not necessary even if the video is of high quality like 4K and HD.
- Unlike live TV or other apps, you do not need to adhere to fixed viewing schedules; instead you can watch your favorite videos on-demand whenever you wish.
- Since it is an app on your mobile device, you can be anywhere you wish and still watch your favorite shows.
- Such apps have video content for everyone, adults and children with the ability to restrict child viewing as well and are affordable.
- Businesses can connect with the right type of audience and build trust.
- Increase the customer base by providing a good service.
- Allows one to deliver a wide range of highly creative content.
Main Features
- Splash screens: Several scrollable screens provide essential information about the app to give new users a brief idea of what to expect.
- Registration/Login: Register or log in to the video streaming app to set the preferences of your account and take advantage of the feature of the app.
- Library: A video library with a list of all the videos ready for the users to stream.
- Watch list: Add videos to your watch list for later viewing or create a list of videos you are currently watching.
- Multi-User profile: The user can create multiple profiles for other adults or kids using the same app.
- Browse & Search: Users can browse online videos and also search based on specific criteria.
- Categories: The videos are organized into special categories for easy navigation.
- Download: Download your videos to your app for viewing later even when you are not connected to the Internet.
- Multilingual: Users have the option of viewing their favorite show in the language of their choice.
- Subscription: Subscribe to the plan of your choice and the duration of your choice and may pay using a flexible payment gateway in the app itself.
- Rating: Rate the shows you watch and read other views, reviews and ratings.
- Notifications: Get notifications about the shows that you are watching.
Common Monetization Strategies
It is a good idea to establish your monetization strategy during the initial development stages. Some of the common strategies are listed here:
- Fermium: As the name suggests users get free access to the service and watch a selected range of videos. If they wish to view the entire collection they need to subscribe to the premium service by opting for either a monthly or yearly subscription.
- Paid: Users can only download the app after paying at the store before downloading it. However, this type of paid app is less popular.
- In-app ads: Several ad services are allowing one to integrate ads within the video streaming app itself; this can also be integrated with the video streaming service.
Tips for Video Streaming App Development
There are several challenges to developing an app like this hence it is a good practice to be aware of all of them prior to starting the OTT apps development process. This type of app tends to grow fast as the number of videos increase and more customers register. It is best to ensure the app is scalable to avoid issues at a later stage. One of the most common issues of apps in this category is security.
This can be pertaining to user information, content piracy, and misuse of user accounts. It is a good idea to put measures in place to avoid such problems after launch. The basic requirement is good-quality streaming of both audio and video. To ensure this there are several things one needs to consider during developing the app besides ensuring you invest in a top of line hardware.
Here are a few tips to develop a video stream app:
- Establish the basic requirements of your app with extensive research and taking a look at the competitor apps.
- Analyze the requirements and find a suitable tech stack and technologies to use. The professionals are best suited to assist with this.
- It is a good practice to have a clear picture of your requirements before approaching the professionals to help with the development process.
- Play an active role in the design of the app which will include brainstorming, creating the wire-frame, and designing the navigation.
- The UI/UX design and development process takes a major portion of the development time.
- Laravel is ideal to develop the backend since it is a highly secure PHP framework.
- Businesses have the option of creating an MVP which can be launched faster, takes less time to develop, and also reduces the risk. It is ideal for startups.
- The streaming app should be well-tested prior to launch.
Tech Stack & Development Team
Laravel is a PHP framework that promotes code reuse, is highly secure, and has extensive libraries including that for authentication and database. It is the ideal technology to develop the backend. At Acquaint Softtech we offer Laravel development services. The tech stack to develop such an app:
- Angular
- NodeJS
- Java
- MySQL
- AWS
- HTML5
- Google Cloud
- Amazon DynamoDB
- Firebase
Advantages to Hire A Developer With Good Experience
The technology stack to develop such an app is more complex and requires highly skilled developers with knowledge of advanced coding techniques. It is hard to estimate the cost of developing such an application since it depends on several factors like features, customization, design, platform, and development company.
You can hire a developer from Acquaint Softtech to accomplish such a project; we have the perfect development. This would typically be a team of developers like frontend & backend developers, designers, a QA Team, and a project manager. Besides developing a new app from scratch we can also help with the modernizing existing video apps.
Conclusion
Video streaming solutions can take your business to the next level and take advantage of the scores of people who now prefer to use their smartphones over the Internet and stream entertainment videos. Hiring a development team with relevant skills and resources is the ideal way to develop such an application. Acquaint Softtech is one such development firm.
FAQ
1. How long does it take to develop a video streaming app?
This type of app will typically take 6 to 12 months to develop; however the exact development time may vary depending on the number of features, technology selected, the development team themselves, and overall complexity of the app.
2. Which technologies are used to develop a video stream app?
Businesses gain an opportunity to offer their customers a wide range of creative content. It is possible to increase the customer base by giving the users what they want, a mobile app for their smartphones which everyone always carries. Users can gain access to a highly interactive app and more flexibility over what they watch.