The increase in Smartphones and Smart TV usage has boosted the number of subscriptions for VOD services across the globe. These smart devices enable the users to view the streaming videos on any mobile devices which eventually helped in the growth of the VOD market.
According to a study, the revenue of the VOD global market is projected to increase by 10.17% with a volume of USD 126,548 million by 2025. With an array of VOD models and various platforms to try its business prospects, video on demand app development is also growing simultaneously.
Before we learn the steps to develop a VOD app, let’s learn what is VOD and its market and challenges.
What is a VOD App?
A VOD or a video on demand app is a software media application system where the users can select any video available in the system to watch at any given time. The users can watch the videos on any remote device as long as the device has the app downloaded. Also, it has both network access and a subscription to view the videos.
The VOD app enables the user to either stream the video or download it to watch it later. Access to the video library is procured through a monthly or yearly subscription. The VOD apps allow flexibility and the choice to watch the videos of your choice. Moreover, watching videos on VOD streaming platforms can be achieved at a lower bandwidth making it reachable for more users.
Such flexibility has naturally increased the demand for such apps and subscriptions that people are willing to invest in the video-on-demand applications and their development.
Why Invest in VOD App Development – Market & Stats
The business prospects of the VOD industry is huge as more and more developing economies of the world are seeing a surge in internet usage and the market of smart devices that help with video streaming. Now is the time to invest in VOD application development as it is one of the fast-growing business sectors.
Benefits of Developing a VOD Platform
The video streaming app development is a growing business as the number of consumers are on the hike with each passing day. There are several factors why people prefer this platform. Here are the top reasons why one should make a thematic video on demand platform.
How Much Does It Cost To Develop a VOD App?
The cost of the app development for VOD depends on various factors. The main factors include the type of app, app platform, app maintenance, etc that would together make the cost higher. To know the exact cost with other things that you need, you can reach out to the sales team of VPlayed & you could get assured with valuable assistance.
On a custom VOD solution such as CONTUS VPlayed, one can easily develop an app or website at a much lower cost. Here it does not follow the fixed rate instead the cost depends on various features that are included to have a customized platform for their dearest customers.
Reach out to our company blog to know more about VOD app development.
The third decade of the 21st century is a great time to begin a Video-on-Demand business.
The global sports streaming market is significant with many sports like figure skating receiving a boost from videos posted online and thus, valued at $13.39 billion (2019).61% of marketing departments plan to launch video content.
Although there are existing platforms like YouTube, building one allows you to play by your own rules and be flexible with monetization models.
But, it can be difficult and expensive to do it from scratch and this is where white-label OTT streaming builders come in handy.
On more limited lines, Amazon Prime has officially launched the group viewing feature to simulate the family viewing experience across all devices.
The platform should have IT infrastructure support, require minimal code-level drastic modifications, support for all necessary security standards, DRM, etc.
As per Cisco, 77% of colleges offer online courses.
Needless to say, teachers are finding that the value in video content has increased every year since 2007.
If you are waiting for the right time to start an online education video platform, this is the time!Check out the Best Educational Video Platforms
Basically, the augmented reality companies are offering extraordinary results for the business visionaries for propelling services and brands.
Build Live OTT, PPV or SVOD Platform Provider
Most people are eagerly looking the video creation and streaming that provides the ultimate experience.
It can be precarious to investigate specialized issues with practically zero past involvement.
At last, the adequacy of any video battle relies upon the component of narrating joined with the most recent mechanical developments.
Enterprise Video Marketing Suite & OTT Solution
