So, you want to start live streaming and need video streaming software, but you’re not sure which one to get. Never fear! This 2022 guide to choosing the best streaming video software is here to help!
Nowadays, choosing the best video streaming software can be challenging, especially for newbies. If you’re new to the live broadcasting industry, you might not even realize you need one! That is why we decided to lend a hand in choosing the best online video platforms for your needs by going over some of the basic functionalities of video streaming software.
Without much delay, let’s get started!
The Growth of Live Video Streaming Solution in 2022
- The global video streaming market will reach US$ 181470 million by 2028, at a CAGR of 16.6% between 2022 and 2028.
- Some experts predict that by 2027, the live streaming industry will be worth more than $180 million.
- Twitch, with 30 million daily visitors, is one of the biggest Online Video Streaming Platforms.
- By 2026, the live video streaming market will be worth $149.34 billion. (Valuates Reports)
All the report’s findings, data, and information are validated and revalidated using reliable sources.
What Exactly is a Video Streaming Software?
Video streaming software is a tool that broadcasters use to improve the overall quality of their streaming experience. The streaming software, in general, is used to create a more innovative or professional-looking stream. If you’re willing to invest some time and money, live streaming software can help take your live online video platform to the next level.
Top Benefits of Using Video Streaming Solution
# Multi-Device Support
Online video streaming solutions provide you with media services anytime and anywhere. Thanks to VOD services, you can watch your favorite shows whenever and wherever you want. It also supports connection with digital devices such as Android TV and many others, so you can enjoy your media on those devices too.
# Security Assurance
Cyber-attacks frequently target social media and video-sharing websites. Creators have control over their security with an online video platform. They are less likely to expose their audience to a data breach.
# Larger Audience Reach
Thanks to online video platforms, the audience has more options. Viewers can be more specific about their wants and needs and only pay for the options they choose. As a result of this benefit, millions of subscribers switch from satellite and cable connections to online platforms.
# Stable Internet Connection
Streaming video software is simple to use. To gain access, all you need is a stable internet connection and a device like a smartphone or a computer.
When compared to a traditional TV connection, video streaming platforms are less expensive. The same content available on TV cable for a premium price is also available on OTT for a low cost.
# More Convenient
Currently, SVoD outperforms cable TV in terms of media services. You can watch your favorite media content on an online video platform whenever, wherever you want. Unlike physical requirements for cable TV based on location, a video streaming platform allows for geographic freedom. It can get accessed from anywhere by logging into your streaming service account.
# Varied Content
VOD services provide access to hundreds and thousands of movies and TV shows, including news, sports, children’s content, and much more. Thanks to Video Streaming Solutions, users can watch and enjoy the most content from other countries.
How to Choose the Best Video Streaming Software?
The following are the features that contribute to the success of the video streaming platform.
- 100% Customization
The key differentiator to keep in mind is that they offer a customized streaming solution based on each business’s needs and individual preferences.
- On Cloud/On Premise
Video Streaming Software provides an end-to-end encrypted video solution with 50 % faster deployments in the cloud or on-premises. With its carrier-grade streaming features, you can assure that you will be in the video streaming business, upscaling at the top endlessly.
- Video CMS
Every streaming platform requires a content management system (CMS). It does not just help categorize all content and create an organized environment for all of the movies you provide, but it also makes it easy for viewers to navigate within the system.
- End-to-End Development Support
Video streaming businesses rely on reliable streaming platforms. When problems arise, you cannot afford to wait for support to respond to slow ticketing-based systems. You will need professional assistance, preferably over the phone. End-to-End Development Support should be available on a professional-grade OTT video streaming platform. It should preferably include phone support as well.
- Secured DRM
Create a video streaming app with digital rights management (DRM) to prevent piracy of your digital content originals.
- HLS Video Player
Users can view the content streaming over your platform using HLS video players. The advanced technology stack ensures that your streams are buffer-free and delivered on time.
- Multiple Monetization Models
When considering how to launch your all-in-one video streaming service, the best options for monetization plans include SVOD, AVOD, TVOD, and Catch-Up TV.
- Content Delivery Network
A content delivery network (CDN) is a distributed server that delivers content to your users much faster based on their geographical location, the origin of the content, and the content delivery server. Having a CDN is a must-have for your video streaming platform, as you don’t want your viewers to suffer from slow streaming speeds that keep buffering all the time.
How Much Does Video Streaming Cost?
Depending on the circumstances, the cost of video streaming varies greatly. Some broadcasters afford to spend only a few hundred dollars (or less) on their streaming needs, while others must spend thousands. Today’s market offers a range of excellent live streaming platforms. However, they differ in terms of cost and features. When compared to others, VPlayed is a turnkey end-to-end Video Streaming Platform Solution Provider that provides all the necessary features at an unbeatable price.
To sum it up, we can now confidently state that OTT Video Streaming is the future of media content delivery and a convenient replacement for TV Cable. However, if you own or broadcast a television network, don’t worry! VPlayed can help. So, if you want to launch your own streaming media platform or services, VPlayed welcomes your idea and will undoubtedly help you launch and grow your video streaming business fast.