How to Build a Live Streaming Video App and Reach Founder’s Zen
Video streaming is one of the prime ways of entertainment in the current era. There are countless online channels, websites, and applications that cater to users with quality content.
Not only this, but one can also stream live content right on their mobile phone these days from any part of the world. Thus, “how to build a live streaming video app” is a popular question among entrepreneurs.
Statistics suggest that:
· Video is preferred by 66% of people as a source of information.
· Around 75% of the views on a video comes from mobile devices.
· The average time spent by people watching online videos is 6 hrs and 48 minutes per week.
These stats clearly dictate that the trend of video streaming is currently growing at a remarkable pace. Moreover, the global video streaming market is expected to hit the $184.27 billion mark by 2027.
This is significantly high, and yes, this is a broad statistic. But, if we look closely, the segment of live video streaming is the fastest-growing segment, among others.
Now, if you are thinking to build a live streaming app, it is not a cakewalk at all. You need professional developers with relevant experience to do that. Moreover, you need to be aware of everything required for live streaming app development, such as tools. Most important is the need to study the market.
As per market stats,
· Users watch live video 10-20 times longer than the on-demand content.
· Facebook Live is the most commonly listed platform for live video consumption.
· 80% of users prefer watching live videos than reading a blog.
In a nutshell, we can say that the demand and scope of live video streaming are sky-high right now. This elevated growth of the market strongly favors the idea to create a live streaming app.
The billion-dollar market of video streaming will help you harness maximum ROI from your unicorn startup idea. Moreover, it will also foster more customers, as well as investments.
The following sections of the article will help you discover everything related to how to create a live streaming app in detail. Let’s begin!
The 4 Reasons to Build and Launch a Live Streaming App
Before stepping into the process of how to make a live streaming app, it is necessary to consider the need for a live streaming application. Here are some of the reasons that mandate the development of a live streaming app.
Allows Mobility: The first and foremost reason to create a live streaming app is mobility. Users can’t sit in front of their TV every day and watch their favorite show. And this creates an opportunity for you.
The Time Factor: Time is money! We all try to save and manage time as far as we can. We want everything done on time, right. Now, what if you have some work to complete and its time for your favorite show.
Video Quality: The video quality of television cannot be paralleled with modern-day devices, not even today’s televisions. On the other hand, some modern-day video applications’ quality is HD or 4K.
Dedicated app: Most of the video streaming apps today have a live streaming feature as an add-on. Although, some applications are dedicated to offering just the live streaming service like Livestream, Periscope, Facebook Live, and others.How to Create a Live Streaming Video App?
Well, to create a live streaming video app, you need to understand two aspects of it. The first one is the business aspect of the app. This part of how to make a live video streaming app will help you discover niches, and scope of the app. Let’s take a look at that!How to Make a Live Streaming Video App: Business Part
The business part of how to create a live streaming video app depends on a plethora of factors. Some of them are:· How to Make a Live Streaming Video App: Select the Niche
Here are some of the niches that you can consider to build a live streaming video app:
· How to Create a Live Streaming Video App: Customer Research
Further, in the procedure of how to make a live streaming app comes customer research. It is important to know what the customers need and what issues they are facing in the current scenario before the development of a live streaming app.
Here are the pain points that you need to get rid of in your application.
· Technical Faults
· Video Saving
· Power consumption
· Video Quality and data consumption
· How to Make a Live Streaming Video App: Idea Validation
Now, if you have an idea for a live streaming app development, it is not mandatory that it will definitely work. You need to make sure that the audience likes your idea or product that you are planning to release.
A Proof of concept is a general wireframing of a product that does not have a fully functional code. It also has a simple UI and maybe some security features. Moreover, you can just include some basic features in a POC that fall within a small budget. The core is to just test the idea. Other than this, making a POC also helps you:
· Find out the validation of your idea.
· Save a lot of money. Developing a complete application that has no market demand will be more costly than a POC.
· Identify issues at the beginning of the live streaming video app development process.
· Get investments if you have an out of the box idea to create a live streaming video app.
How to Make a Live Streaming Video App: Technical Part
The technical part to build a live streaming video app begins with the features of the app. If you are developing a Minimum Viable Product (MVP), it is essential to include all the application’s basic features.How to Create a Live Streaming App: Basic Features
To build a live video streaming app MVP, here are the features that should be a part of it:
· Registration and login
· Simple user profile
· Online streaming
· Live chat
· Push notifications
· Social sharing
· Payment plans
How to Make a Live Streaming App: Advanced Features
Now, to build a full-fledged live streaming app, there are some additional features that you can include. Here are some of those features:
· Social signup
· Advanced profile
· Content delivery network
· Cloud storage
· Donation system
· Screen sharing
· Complex search
Development Steps and Tech Stack to Build a Live Streaming App
We at Spdload follow a seamless workflow and leverage the best tools and technologies in the market to deliver the finest product. Here are some of the essential tools and technologies to create a brilliant live video streaming app.
· Project requirements
· Prototyping (Wireframing)
· Design (UI)
· Web Hosting
· Streaming protocols
· Media format
· Content Delivery Network
· Media processing format
Learn more about create a live streaming app.