Live streaming is the king of the media today. Every year this type of media grows in popularity and takes more and more viewers attention. According to analysts, the global live streaming market will reach $223.98 billion by 2028. This growth is due to the fact that more and more investments are coming into this industry and more businesses are creating their own live streaming applications.To get more news about moonlive, you can visit official website.
However, in order to build a live streaming app and avoid mistakes, you need to have specific knowledge and a rough idea of how your application will look. In this article, we will dive into live streaming app development and consider aspects such as features, monetization strategies, and proper development pipeline.
Before diving into live video streaming app development, you should first study the market you are going to enter. And the live video streaming market has something to surprise you. We have already mentioned its prospects in the future. However, it should also be said that the growth of this market is very rapid. For example, the live streaming industry has grown by 99% between April 2019 and April 2020, which is a staggering indicator.
During this period of growth, many streaming apps and platforms have experienced unprecedented increases in audiences. However, the Twitch platform is still the leader in terms of audience and time of views. In total, Twitch has 9.3 billion hours of watched content. This number of views is resulted from 63% of people aged 18-34 watch live streaming content regularly.
As you can see, the live streaming market is a very promising place and if you enter it with a well-thought-out application, you will definitely get a return on your investment.Let's start with the basics. Live streaming is a live video broadcast of certain events available for viewing in real-time via the Internet and is one of the best and most efficient ways to report from the scene. All broadcasts are hosted by streamers who use different applications divided into several types. divided into different types. There are so many different live streaming apps floating around the most popular app stores. So if you plan to find out how to build a live streaming app, we suggest finding out what kinds of video streaming apps there are.
Well, it’s one of the most popular types of streaming media. This is when you watch videos in a real-time mode. It’s recorded and broadcasted simultaneously. You can build a live streaming app that broadcasts how users play games(Twitch), how they talk about different things, or even how they simply answer questions online(Periscope, Instagram Live, Facebook Live). The most popular live streaming apps are Facebook Live, YouTube Live, Livestream, Periscope.
This one makes it possible for users to watch TV series and movies without downloading them on devices. However, a distinctive feature is that they can pause content, resume, and rewind it. As a rule, users have to pay for subscription to have access to the content. Netflix, Hulu, Amazon Prime Video are leaders in this area.
