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Create Your Own Video Streaming Platform Like Netflix/Amazon Prime/YouTube
The online video streaming platforms have given a different view of the way people see the entertainment media. It all started with traditional entertainment media to digital media and then now to mobile. This phase of transition has been very steady and dynamic that was accepted by the people across the globe.
Let us see some of the recent statistics in the online video streaming platforms,
At present in 2020 the revenue of the video streaming market has generated up to USD 25,894 million.
The average income per user is currently accounting for USD 22.92.
Most of the income is generated from the United States of America accounting for USD 11.950 million as of 2020.
The revenue is expected to show an annual growth rate of 4.1%, as a result, the volume of the market will become USD 30.410 million by 2024.
By 2024, the user penetration will hit 16.9% from 15.2%.
What are the popular video streaming apps in the market?
Video streaming apps have become one of the most common ways to get entertained by watching movies, online web series, etc. Some of the popular video streaming apps are Netflix, Amazon Prime, Youtube, etc.
Reasons for the growth of video streaming Apps:
* Easily Accessible
* Offers a variety of options
* Mobile Friendly
* Availability of various packages
* Entertains with unique shows.
* Watch anywhere & anytime
It is an American media-services provider located in California, which was founded in 1997. Their primary business was subscription-based streaming services. As of April 2020, Netflix had over 182 million paid subscriptions worldwide, including 69 million in the United States.
It is also a subscription-based video streaming platform offered by Amazon. In 2005, Amazon announced the creation of Amazon Prime. In January 2020, Amazon reported that Prime had more than 150 million subscribers worldwide. As of 2018, the total revenue generated by the amazon prime was $14.17 billion.
YouTube is an American online video-sharing platform headquartered in San Bruno, California, Which was founded on February 14, 2005. Now it Googles subsidiaries. As of 2019, the estimated annual revenue of the youtube was US$ 15 billion.
Some of the Main Features that a good video streaming app must have
Platform - Web and Mobile Applications
Our video streaming app is built for both web applications and mobile applications. Users should be able to use your service in both mobile and web applications. It increases your number of users.
Blocking the screenshot will help you to main security. The screenshots cannot be shared with the users’s friends and family. The privacy of the content available in the app is important
Every user must register to enter the app with basic details. They can also login using their social media platforms. This helps the user to login in very easily.
Ratings & Reviews
This is the most important features. Rating and reviews help you to increase the quality of the content. This feedbacks from one user helps the other user to know about the particular content.
A push notification is a message that pops up on a mobile device. App publishers can send them at any time; users don't have to be in the app or using their devices to receive them.
This feature helps the user to choose their desired language. It also helps the watch the videos in the app based on their language preference.
This option helps the user to watch the video offline. If the user clicks the download option, the location to shore the video is asked to the user. After he/she choose the option the video will start downloading.
The app offers several video quality option based on the usage of data. If the user chooses a high-quality video then the video consumes more internet. Likewise, if the user chooses the low quality, then the video consumes less internet.
For Example, Netflix offers four data usage settings to choose from: Low - 0.3 GB per hour per device. Medium - SD: 0.7 GB per hour per device. High - Best video quality, up to 3 GB per hour per device for HD, and 7 GB per hour per device for Ultra HD.
Content recommendation algorithm
This algorithm helps the user to watch other similar videos. It displays the video based on the user search preferences.
Users can subscribe to the particular channel so that it enables them to watch the other future videos. This sends the notification to the users when the channel posts the new video.
Multiple Payment Gateway
Users can use their preferred payment gateway to pay the bill. This is highly secured as it is very important. Using any one of the gateways the user can make their payments.
If you got an idea of launching your own video streaming app like Netflix/amazon prime/youtube, it is possible with Startupmart’s customized video streaming app. Now it is high time to start a business with this lucrative platform. With the right technology partner, you can generate huge revenue from the video streaming sector. Now get your hands on our dynamic video streaming app like Netflix/amazon prime/Youtube right way and redefine the rules of the entertainment sector by building your media streaming platform.
Disclaimer : Startupmart neither represents nor has command over the trademark of "Netflix, Amazon Prime, Youtube". We are not doing any promotional activities and we use the term only for understanding our product. Our motto is not to harm any organization or individual.