If yes, then keep reading this article as it contains details such as:<\/p>\n
- \n
- Definition of a live-streaming app<\/li>\n
- Insight and growth prospects on the live-streaming app market<\/li>\n
- Types, and examples of live streaming apps<\/li>\n
- Cost of creating a live streaming mobile application<\/li>\n
- Steps to developing a live streaming mobile application.<\/li>\n<\/ul>\n<\/div>\n
Intelivita provides top-notch mobile app development solutions<\/a> that helps you align your application infrastructure with the latest trends using the best modernization approaches.<\/p>\n
Book a 30-minute FREE consultation<\/a> with us to give a powerful digital upgrade to your live streaming app project.<\/p><\/blockquote>\n
Let’s delve into the crux of the article:<\/p>\n
What is a Live Streaming App?<\/h2>\n
A live streaming app is a mobile application that lets users record and transmit videos concurrently to many viewers using similar software. For example, a streamer using an app to broadcast requires receivers on the same app.<\/p>\n
Due to demand, the number of live streaming applications has risen astronomically since the innovation was launched in 1995.<\/p>\n
Thanks to advancements in IT infrastructure, there are now multitudes of live streaming mobile apps, some of which are:<\/p>\n
- \n
- YouTube live<\/li>\n
- Facebook live<\/li>\n
- Zoom<\/li>\n
- Bilibili<\/li>\n
- Google Meet<\/li>\n
- Twitch<\/li>\n
- And more!<\/li>\n<\/ul>\n
Some live-streaming apps were niched down to gain dominance amongst target users.<\/p>\n
For example, Twitch niched down to become a live streaming platform primarily for gamers. And due to its authority in that niche, the platform has over 5.7 billion streams<\/a> in Q3 of 2022 alone.<\/p>\n
At over 3.3 million subscribers, Hulu is the largest live streaming TV service<\/a>.<\/p>\n
Thinking of venturing into this industry? Let\u2019s provide more in-depth insight into its prospects.<\/p>\n
Insight on Why You Need a Live Streaming Mobile App<\/h2>\n
As opined earlier, the demand for live streaming services has been growing rapidly, leading to a corresponding profit for startups with products in that niche.<\/p>\n
Here are additional statistics pointing to the fact that owning a live streaming mobile application is a great move:<\/p>\n
\n- \n
- The Global live-streaming market is currently growing at a compound annual growth rate of 20.3%<\/a>.<\/li>\n
- Revenue from video streaming apps is expected to grow from $72.2 billion in 2021 to $120 billion<\/a> in 2022.<\/li>\n
- China\u2019s most popular video-sharing platform, Tencent, has 900 million users<\/a>.<\/li>\n
- 80%<\/a> of users would rather watch a live video than read a blog.<\/li>\n<\/ul>\n<\/div>\n
Beyond the robust industry and its quick-growing market, investors have also shown a keen interest in investing in startups with a product in this niche.<\/p>\n
Here are some companies that have received noteworthy funds here:<\/p>\n
\n- \n
- Live Streaming video company 100ms raises $20 million<\/a> live video app,<\/li>\n
- Chinese Live Streaming service Live.me raises<\/a> $60 million in series A funding,<\/li>\n
- Applicaster raises $11 million<\/a> for OTT streaming service.<\/li>\n<\/ul>\n<\/div>\n
Now that you have an idea of the opportunities therein, we\u2019ll dig into the types and examples of livestreaming applications available.<\/p>\n
Types of Live Streaming Apps with Examples<\/h2>\n
Before we discuss the steps to creating a live streaming mobile app, you\u2019ll need to know the category your mobile application idea falls into.<\/p>\n
Here are three distinct types of live streaming applications:<\/p>\n
![\"Image](\"\/wp-content\/uploads\/2022\/12\/Types-of-Live-Streaming-Applications-and-Examples-300x159.webp\")
<\/p>\nType 1: Live Broadcasting Applications<\/h3>\n
This is the most prominent type of live-streaming applications. Apps in this category allows users to capture, record, stream, share, and broadcast live audio and videos to anyone with access.<\/p>\n
Some popular live-streaming applications in this category are YouTube, Twitch, Periscope, Facebook, and Periscope.<\/p>\n
Type 2: Video-on-Demand Streaming<\/h3>\n
Live Streaming apps in this category lets platform users schedule and view favorite TV programs online in real-time. Popular platforms offering this service entails YouTube TV, Hulu, Amazon Prime etc.<\/p>\n
Type 3: Audio Streaming<\/h3>\n
Audio streaming platforms are apps for real-time recording, and broadcasting sounds for anyone with access, and a suitable device. Common examples of apps in this niche are Podbean, Spotify etc.<\/p>\n
How to Create a Livestreaming App in 2023?<\/h2>\n
The process of creating a live streaming app is similar to other mobile applications.<\/p>\n
Here are the steps involved:<\/p>\n
![\"Image](\"\/wp-content\/uploads\/2022\/12\/Steps-to-Make-a-Live-Streaming-Application-300x159.webp\")
<\/p>\nLet’s discuss what each livestreaming app creation step entails:<\/p>\n
Step 1: Discovery Phase<\/h3>\n
The discovery phase in livestreaming app development is a planning stage where team members hold meetings with other startup founders to understand the app idea, category, and niche of the target audience.<\/p>\n
Information gathered is then used to create a budget and estimate deliverable timelines.<\/p>\n
The discovery phase has multiple aspects that entail:<\/p>\n
- \n
- Research on product viability<\/li>\n
- Identify business goals<\/li>\n
- Identify your target audience<\/li>\n
- Estimate budget and timeline<\/li>\n
- Create project roadmap.<\/li>\n<\/ul>\n
Let\u2019s discuss each point:<\/p>\n
\n
- Chinese Live Streaming service Live.me raises<\/a> $60 million in series A funding,<\/li>\n
- Revenue from video streaming apps is expected to grow from $72.2 billion in 2021 to $120 billion<\/a> in 2022.<\/li>\n
- The Global live-streaming market is currently growing at a compound annual growth rate of 20.3%<\/a>.<\/li>\n
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