Revenue in Video Streaming apps is expected to show an annual growth rate (CAGR 2019-2024) of 4.6%, resulting in a market volume of US$30,410m by 2024. In this blog post we will explain you details about Video Streaming App Cost, Features, Technologies
In recent years, video streaming apps have witnessed rapid growth due to the proliferation of smart devices, high-speed internet connectivity, and diverse digital media platforms. On-demand apps offer users complete control over the ability to watch content without advertisements, the option to watch content on different devices, as well as fulfill their need to watch content anytime, anywhere.
On-demand video streaming apps like YouTube and Netflix have emerged as the most preferred choice of the people to entertain and refresh their minds. According to Statista Reports 2018, subscription video-on-demand services brought in an estimated 11.3 billion.
The video streaming market has not only widespread reach, but it also has shown an immense effect on the entertainment business’s profit. With Android and iOS-based video streaming mobile applications, users can easily access original content as per their likes/ preferences for hours. Users have several reasons to opt for the on-demand video app as it is based on modern attributes and helps to overcome the traditional entertainment industry challenges.
In this blog, we showcase the growth rate and advanced features for on-demand video app and Streaming app development cost. It is important to collaborate with iPhone Application Development Company to leverage these features.
Growth of Video Streaming App Market
- Revenue in the Video Streaming (SVoD) segment amounts to US$24,248m in 2019.
- Smartphones crossed 2 billion marks in 2014 and are expected to reach 4.6 billion by 2019
- As of 2019, there are 182 million OTT subscription video service users in the U.S
Must-Have Features in Video Streaming Apps
To expand your videos and business, it is essential to reach beyond the geographical regions and areas. The multilingual content feature helps to reach the users at the global and international level. It allows translating the languages to the native language with subtitles.
By integrating the search feature, it helps to identify the series easily from the list as per the alphabetical order. This has turned as a must-have feature in the video streaming mobile applications. Design the search option in the form that it should be visible to every age group.
Watchlist helps to filter the favorite content of the user from the list. It helps to save time and keep track of the series. All popular video streaming apps like Netflix and Amazon Prime have an inbuilt Watchlist feature, as it makes easy for the users to access the videos.
The push notification helps to connect with the users and send reminders for the next episode of the series and new launches. It also boosts the promotions and offers of the app.
Live Video Streaming
Integrate live video streaming features to the app as it has turned into need of the hour. Live video streaming feature helps users to watch the live shows.
Review and Ratings
This feature benefits to increase the engagement on the platform and improves decisions. Allow users to leave their suggestions as it will help to get the customer’s view, along with this it also increases the trust factor among the audience.
Top Most Video Streaming Apps
Most popular video streaming services in the United States
|Sr. No||Video Streaming Apps||
No. of Users
|6.||Amazon Prime Video
How Much Does it cost to develop Video Streaming Apps?
The video streaming app development cost is dependent on several factors such as App Features, Design, platforms, and the location of the app developers.
Features have a direct impact on the prices of video streaming apps. More features in the app will lead to raising the prices. If you are launching the app the first time, so just launch it with core features. It will help you to observe the market in less investment. After reaching the wider audience, you can upgrade the app with advanced features.
Designing elements like UI and UX are the major aspects of mobile applications. With attractive fonts and colors, it is also essential that users can easily access the functionality. To maintain long term relationships, it is essential that users can easily access the functionalities.
There are two major types of video streaming app platforms and they are Android and iOS. Android app development differs from iOS and it is less expensive also.
Location of Developers
The cost of video streaming app differs according to the regions and areas.
The number of video streaming mobile applications are rapidly growing on Android and iOS platforms. There is a high competition of video streaming apps, and the number of downloads of the popular apps is also growing. It is essential to attract users with the modern and latest integrated features and technologies which helps to stay ahead in the future market competition.