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Top 10 Ott Platform Application Development Companies 2021-2022
What are OTT Platforms?
OTT is referred to as an “Over-the-top” platform, which allows users to watch high-quality videos online through an application. OTT offers wide content genres such as Drama, action, sports, romantic, horror, sci-fi, documentaries, kids zone, and so on. Moreover, it broadcasts live television channels that can be streamed on a single platform.
It has been noted that the number of users who previously utilized OTT services has increased a thousandfold. The reason behind this shift of users could be attributed to the Coronavirus Pandemic, which kept people indoors, and thus the OTT industry geared up its presence.
Global OTT Market Revenue
We have known Youtube for quite a long time now, the OTT platforms have modified the online streaming industries to a great extent. Initially, YouTube started as a free video streaming application with some subscription features, but recently, even YouTube is here with YouTube Originals, where fresh content is uploaded under the paid subscription model. The reason for such high demand points to the likeliness of people shifting ...
... towards OTT platforms. In 2019, the OTT market revenue was $121.61 billion, which is likely to spring to $1.039 trillion by 2027.
Another aspect of growth signals the number of hours indulged on OTT platforms globally. As per research, 239 billion hours were spent on mobile phones for OTT services, and 65% of the streaming was from mobile phones. Further, between 2020 and 2021, a 115% rise in OTT service is recorded. Yet another research shows that approximately 51% of the total revenue is generated from the advertisement alone and another whopping rise of 52% in the SVOD market is expected by 2025.
OTT Market Revenue-USA
In the USA, Netflix is the leading OTT platform with 30.8% subscriptions and is the largest OTT service. The number of OTT subscribers in the USA per 100 households is roughly 164 and 82% of Americans possess a video streaming Application. It is estimated that by 2026, Latin America would have 116 million OTT subscribers compared to other countries. On top of this, another video streaming platform such as Roku is spreading its roots in TV apps occupying 37% of the market value.
Interestingly, research indicated that apart from famous Netflix, 25% of US citizens subscribed to five OTT platforms at the same time. This fact explains the varieties of content people prefer to watch and no single application is the hallmark of OTT services.
With OTT platforms in huge demand, one might get confused with the selection of the appropriate Application development company. If you are an entrepreneur and looking for the best OTT Application development Company, this article would assist you in choosing the right company.
Innosoft is one of the leading OTT streaming Application development companies that provide the best service to all its users. They offer a global platform for artists, broadcasters, and media managers. Situated in the Netherlands and India, Innosoft has an expert team of developers and consultants for breakthrough technologies incorporating SVOD, AVOD, and TVOD models. They offer seamless live video streaming on all the operating platforms. They ensure innovative features for the OTT apps to outshine their competitors.
With 10+ years in the application industry, Nettechnocrats is another leading company situated in India, the USA, and Australia. They have delivered many OTT projects successfully in India and the USA. They offer on-demand video content with unlimited viewer capacity and are equipped with all the latest features.
Exclusively based in India, headquartered in Visakhapatnam and offices in Vijaywada and Hyderabad, this company is undoubtedly scored in the list of top 10 OTT apps development companies. They have an established team of developers and deal with clients globally. This company provides superior live video streaming quality and professional graphics.
Another India-based and amazing OTT Application development company leads the market for OTT services. Located in Kochi, the company offers varied specifications in video streaming apps. They have completed 50+ mobile applications and possess a highly experienced team of developers for higher functionality.
Risingmax, a New York-based OTT Application Development Company, is among the top 10 list. They focus primarily on cloud storage, video on demand, and live video streaming and ensure complete customer satisfaction through prompt maintenance and support. In addition, they provide customized subscription models.
Based in Australia, the USA, Singapore, and India Oodle technologies offers complete OTT platform services to begin start-ups for the business. They provide live coding appliances, cloud streaming services, video on demand, and many more. They ensure high-security measures for the smooth operation of the OTT platform.
RNF technology is gaining momentum in the OTT Apps development market. Situated in the USA, RNF Technologies is one of the old companies in Mobile Application Development that offers both live streaming and VOD hosting services. Moreover, they impart scalable apps with fully loaded features. They provide supreme customer support and after-sales maintenance.
AppSquad has its roots spread across the globe in India, the USA, UK, UAE, KSA, Thailand, South Africa, Spain, and Latin America. Apart from being the topmost OTT service provider, it also delivers the best education application services across the globe. In the education industry, it offers live streaming through AWS and YouTube and is the versatile OTT platform service provider.
Located in India Webnexs offers excellent solution services for online video streaming platforms. Headquartered in Tamil Nadu, Webnexs provides live television content for every age group. Along with this, it offers a user-friendly design for the admin panel and viewers panel for ease of operation.
Headquartered in India with a physical presence in the USA, Germany, Italy, Bahrain, and Nigeria, Cmarix is another global company with top-notch OTT platform services. The emphasis is on innovation and software services that are useful globally. Moreover, they have an excellent team of developers for cloud applications.
Concisely, these are the outstanding companies for the OTT platform Application development. If you are intrigued by the list of companies, dive into the details to choose the best OTT app Development company for your business.
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