How to Build a Live Streaming App development: Must-Have Features, Tech Stack, Monetization

In today's media, live streaming reigns supreme. Every year, this form of media becomes more popular and attracts a larger audience. According to analysts, the global live streaming market is expected to reach $223.98 billion by 2028. This growth is due to an influx of investment into the industry as well as more businesses developing their own live streaming applications.

To build a live streaming app and avoid mistakes, you'll need specific knowledge and a rough idea of what your app will look like. We will look at how to build a live streaming app, including features, monetization strategies, and a proper development pipeline, in this article.

Perspectives on The Live Streaming App Market

Before you start developing a live video streaming app, you should first do market research. And the live video streaming market has some surprises for you. Its prospects for the future have already been discussed. However, it should be noted that this market is growing rapidly. For example, the live streaming industry grew by 99 percent between April 2019 and April 2020, which is a staggering figure.

Several streaming apps and platforms have witnessed unprecedented growth in viewership during this period of expansion. Twitch, on the other hand, remains the most popular platform in terms of viewership and viewing times. A total of 9.3 billion hours of content has been watched on Twitch. This number of views is based on the fact that 63 percent of people aged 18 to 34 regularly watch live streaming content.

Streaming Application Type

Let's start with the basics. One of the best and most efficient ways to report from the scene is through live streaming, which is a live video broadcast of some of the events available for viewing in real-time via the Internet. Streamers host all broadcasts, divided into different types by the application they use. There are a plethora of live-streaming apps available in the most popular app stores divided into different types.

Apps For Live Broadcasting

It is, after all, one of the most popular types of streaming media. When you watch a video in real-time, you're doing it. It is recorded and broadcast simultaneously. You can build a live streaming app that broadcasts how users play video games (Twitch), discuss various topics, or simply answer questions over the Internet (Periscope, Instagram Live, Facebook Live).

Streaming Audio

The idea is that users can listen to music without downloading it. Everything is straight. The most popular music streaming services available today are Pandora, Spotify, and Apple Music.

Video Streaming on Demand (VOD)

Users can watch TV shows and movies without having to download them to their devices. They can, however, pause, resume, and rewind content, which is a one-of-a-kind feature. Users will almost always have to pay a subscription fee to access the content. The market leaders are the best Netflix clone app, Hulu, and Amazon Prime Video.

App For Live Tv Streaming

The last type of streaming allows users to watch TV online. They lose their favorite TV shows, sports channels, series, and other content when they switch to on-demand video streaming services. This is the reason why companies combine TV broadcasting with live streaming apps. Hulu, YouTube TV, and Amazon Prime Video are video-on-demand services, but they also have plans to stream live TV.

How to Build a Live Streaming App: Important Steps to Follow

There are some things you should avoid, and our goal is to alert you to these potential pitfalls. So, here are the most important steps to build a live streaming app.

• Pick Your Team

• Select a CDN

• Use a reliable hosting service

• Consider your storage options

• UI/UX Design That Is Attractive

• Basic Features should be added

Features of Advanced Live Streaming App

In this section, you'll learn what features you can add to your app to make it more competitive than other apps on the market.

Sign Up Options

Only one registration option is required to create MVP for the live streaming app. This can be as simple as providing a phone number or email address, as well as a password. You should also include a password reset option via email or text message.

You can add multiple signup options via social networks, for example, during the development of a live streaming Android app. Users will be able to log in with their Facebook or Twitter accounts in this way.

Personal Information

Another question to consider when developing a live streaming app is what kind of personal information will be included in user profiles. You don't need a lot of user data in the first place:

• Full Name

• photo for your profile

• User name

• Membership plans

• You can add more options later. they could be:

• year of birth

• Location

• interests

• preferences for food

Streaming

To learn more about developing live video streaming apps, you must first understand the concept of streaming. The transmission of audio or video file from a server to the users is known as streaming.

Various streaming protocols make this possible. RTMP is the most widely used protocol for live streaming (real-time messaging protocol). This protocol is straightforward and accurate. To establish a connection, the media player contacts the server. 

The server then responds by sending a video file back to the client. It can be broadcast to an unlimited number of people at the same time. The only requirement is that both sides have a lot of bandwidth.

Donation System

How do you build a live streaming app that fosters creativity? Establish a donation system. Aside from paid subscriptions, donations are the main source of income for streamers. Viewers who enjoy the broadcast can help the streamer by donating a small amount.

The main advantage of this feature is that it allows users to add a message to their donation, which will appear in the stream. It becomes a way to get paid to communicate with the dreamer.

Chat

To build a live streaming app then you can hire the best mobile app development company in California you need to include the chat feature. Streamers can communicate with their viewers through chat. This way broadcasters get feedback and viewers keep in touch with their favorite celebrities.

Streamers value chat because it allows them to earn money. Twitch streamers with large audiences, for example, may limit chat access to their subscribers.

This allows them to make money as well as free up the chat for more casual conversations. Streamers also use unique chat emoji and a chat status that is dependent on subscription duration to entice viewers to subscribe.

Estimated To Develop Live Streaming App

Hence, we have reviewed all the features that you can include in your live streaming app. It's time to find out how much such a project would cost. Our analysts calculate the cost of developing needed facilities and structured their research results in a table.

Live Streaming App Cost for iOS or Android

Conclusion

Are you ready to build a live streaming app for your viewers to watch on their phones and tablets?

The process is very easy to follow, as our 5-Step Analysis demonstrates, especially if you have someone on your team who is familiar with live video streaming app development.