Analysts predict that the OTT-app market will rapidly expand into the USD 159 billion markets by 2024. OTT video revenue is expected to grow annually by 13.16% CAGR 2021-25forecasting market volume of USD 3,654m by 2025. In addition, The largest segment in OTT Videos is subscription-based video streaming with a market volume of USD 1,052 m in 2021.
However, the easy availability of ready-to-use OTT software for your services. Launching an OTT app is not easy. One has to consider – price, UI/UX, scalability
The following sections discuss the various parameters you have to evaluate before choosing the OTT software for your app…
Why do you need OTT software for launching your own app?
Over-The-Top (OTT) software allows the streaming of videos over the internet to help businesses to reach audiences and generate revenue. Simplifying your move to internet-streaming is the availability of a large variety of ott platform software. OTT services include – video hosting, live streaming, website development, app development, and monetization features.
What are the advantages of using OTT software?
Advantages of OTT software are:Â
- Convenient to use with simple-to-deploy code
- Supports different technology platforms
- Reach a wide range of audience
- supports on-premise or on-cloud deployment of OTT services
- assures long-term development support cycles
- Analytics for end-user
- Multiple device support
OTT vendor software allows:
- Video management
- Distribute content via CDNs
- Monetize videos in many ways
- Convenience
What to consider when choosing OTT video software?
 Key factors have to be examined when choosing OTT video software:
- Â Â Features that the vendor offers
- Â Â Pricing model
- Â Â Development cycle support
However, All you need to do is to evaluate OTT vendor software for features that are the best fit for the services you provide as a brand.
- White label solution: for fully customizable development of your brand
- Live streaming solution: such that you as a brand only have to manage, distribute and monetize live content
- Play across all OTT devices: runs on multiple OTT devices, Apple TV, Android TV, mobile devices, web applications, stream HD OTT content
- Cloud transcoding: So that your videos can stream on any operating system, media player in any viewing format
- Collaborate with partners: to host patent content on your platform
- Live to VOD: for auto-recording live streaming videos and visible comments for on-demand viewers
- Measure, manage and market OTT content performance in real-time
Critical check-boxes to ensure OTT platform development and deployment is successful
Secured DRM:
To secure digital content against piracy. It also includes features such as non-tampering software, product keys, online authentication, support Fair-play, and being agreeable with approved DRMs of studios around the world.
HLS Video Player:
- For smooth streaming delivery on OTT
- Should have fast playback with the HLS factor, launch OTT sector, and deliver quality viewing.
- Similarly, It should also include factors such as compressing plugins to render fast playbacks
- Support multi-device development of the OTT app for tablets, mobiles, web
- Aid in cross-platform viewing
Player Ads
- Deliver in-app advertisement experience with rich interaction
- Maximize OTT streaming solution matching ROI positively
Support casting to TV
- Deliver OTT TV experience by enabling casting of live streams. Therefore, it supports on-demand content via TV shows, tablets, movies over Smart TV.
Support Subtitles and closed captions
- Offer subtitles in the preferred language for foreign content on any device
- Consider multi-language support on OTT technologies
Deploy multiple OTT revenue models:
- subscription, advertising, Pay-per-view
- Server-Side Ad Insertion
- Catch-up TV
- Push TV
- Broadcast TV shows, series, movies
Content Delivery Network
- For simple and easy streaming Content Delivery Network (CDN) is important
- However, It guarantees to scale but comes with security issues
- Providers that network with key players like Akamai, Verizon will ensure a global audience
- Large wide networks are very important to ensure no packet loss and latency
- Quality should be of 4K standards to protect against quality loss
Pricing of OTT software
Since OTT software prices are determined by multiple factors, Therefore one could attempt to price OTT app-making software like Netflix as the guiding framework. Henceforth, Check out this
- Technology stack
- Cost of software development
- Location of developers
- The approximate price for an OTT app, In addition to the similar feature and technology to Netflix, would be USD 20,000 to USD 40,000.
Planning to Get Start Your Own OTT Platform
In this paragraph, I’m going to discuss a few reasons why OTT is important For your business and how to get started it. Firstly, try to choose the genre for your business. Secondly, Get the complete plan for your content. There are, however, some people who will disagree. Thirdly, and most importantly, it is said that your audience. Moreover, that number rises to as much as 90% when you put theory to practice. In conclusion, following up explanation with practice is key to mastering a skill.
Branded OTT software vendors are your best choice
In Conclusion, To launch a successful OTT app, as a business owner you need to choose an OTT software partner that is collaborative, Above all, it’s simple to implement, has end-to-end marketing, provides program and viewer analytics, multi-device support. Similarly, The branded vendors ensure that all of your criteria are matched, with bundled value add services like on-cloud or on-premise at prices that independent developers may not be able to match feature-by-feature!
One Comment