As we’ve mentioned, users tend to move from traditional cable television to online video streaming. 37% of TV viewers in the US use streaming services to watch their favourite shows.
Moreover, it isn’t just about TV programs, people generally like videos as a way of receiving information. For example, 80% of consumers would prefer watching a video from a brand to reading a blog post.
Users spent 42.5 billion hours on watching Netflix, the flagship of video streaming services, in 2015.
As statista.com states, video streaming content revenue amounted to $4 billion in 2012 and it is predicted to triple and reach $12.6 billion by 2019. And if it ain’t enough, by the same time the video streaming traffic is forecasted to amount 4/5 of the whole Internet traffic.
Application’s Main Features
When it comes to video streaming apps, your consumer’s main focus is on two things - the content and video quality. However, alongside perfecting these two, you can also more functions that will make your users’ experience much better:
- Feedback and ratings
- Different registration options
- Ad-free subscriptions and different payment services
- Loading a video for an offline-mode
- Content suggestions based on your favourites
How to Create a Video Streaming App
We’ve talked about the fun stuff, now let’s take a look at the core of it all:
- Registration and authorization
- Content division
- Supporting different HD screen resolutions
- Payment gateway
- Social networks integration
A note from Thunderrise:
Developing these features takes about 600 hours, and a team of iOS dev, Android dev, web dev, and a designer will be able to finish off in about two month.
Sure enough, one cannot state an exact final estimation right of the bat, it all depends on the desired features and developer’s hourly rate.
If you want to get an estimation and develop your own video streaming app, make sure to contact us.
Go here if you you are interested in getting more information on the topic.