Live video streaming platforms have become extremely popular over the past few years. According to App Annie, between 2016 and 2018, the time individuals spent on video streaming apps increased by 140%. And according to recent forecasts, the size of the entire market is expected to reach $842.93 billion by 2027. Suffice to say, many are looking to get in on this.To get more news about moonlive, you can visit official website.

So what goes into making a VOD app? In this article you will learn the details about streaming apps, their types, monetization, and details on video streaming app development.In one of our previous posts, we’ve already discussed video chat app features and development. It's crucial to distinguish the different types of video chat apps. So before we talk about what goes into creating a streaming platform, let’s start by taking a look at some of the different kinds of video streaming services available on the market.

Live video Streaming Apps
Streaming services that cater to the gamer demographic are on the rise. Twitch is a prime example of this, with an average of 2.9 million concurrent users on the service at any given time, 27 million DAU, and is worth around $15 billion. To create a streaming service like Twitch, you'll need to do more than contend with its technical features but the vast community of creators and viewers, as well.
On-demand mobile video streaming apps are something that's in practically every household these days. Some of the most popular ones are Netflix, Hulu, Amazon Prime, Disney Plus, and Apple TV+.

Some on-demand video streaming apps are also starting to provide live TV in addition to SVoD. Hulu is a prime example of this. You can watch more than fifty live TV channels, including local ones.
Video Streaming Apps from TV Providers or Networks
There are also video streaming apps from TV providers or individual networks. These would be HBO NOW, the Starz streaming service, or Showtime streaming. Rather than paying for premium channels as part of a cable package, as was once the case, users can now get access to programming for each premium channel individually.

Some users use and pay for multiple services at once. App Annie ran a survey to find out how many Netflix users watch other video streaming services in 2019:

That means that the users’ overlap among services is growing. This trend increases the competition between SVoD market players for acquiring more consumers and their time spent in the app.