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Live streaming websites and applications are gaining immense popularity in today’s digital era. Nowadays, more than 80% of people prefer to watch live streams rather than watching TV. It is no secret that live video streaming app like Netflix has become the foremost choice for people nowadays. It is not just the entertainment streaming services that are gaining popularity, but many other streaming websites are in demand.

Current Market Stats of Live Video Streaming Software Development

As per the latest research, it has been found that Netflix has become one of the popular live-streaming apps. Also, the live stream video market is expected to reach $73.9 billion by 2024. Besides this, some experts have predicted that the live streaming app development traffic will continue to grow by more than 50% every year. This figure indicates the demand for video streaming apps at the current time.

As several video streaming websites and applications are available, it becomes little challenging for businesses to come up with a unique streaming website. Some of them even wonder about the ways to create a video streaming website. This write-up is for you if you are also sailing in the same boat.

video streaming app like HBO Max

Infographic On Create A Video Streaming Website

The ongoing demand for video sharing app development is growing massively since everyone prefers to watch movies at their home rather than going to theatres. On the other side, streamers are also gaining popularity by streaming their videos on websites and applications. So, this trend is benefitting both the users and owners. No matter whether you are a streamer or want to develop a live streaming website, just go for it without thinking twice. This decision will offer you immense benefit in the coming years.

Whatever type of app or website you want to create, just make sure to avail mobile and web development services from a renowned organization where experienced professionals work. This will help you get a successful app in hand, resulting in increased business revenue and profit.