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The Global Video Streaming Software Market size is expected to reach $18.09 billion by 2027, rising at a market growth of 15.9% CAGR during the forecast period.

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Video streaming apps like Netflix are the latest craze among both, youngsters and users who love watching the content alone. And this is the main reason why there are so many apps like Netflix and Amazon Prime in the market. It is a great opportunity not only to gab users' attention but to earn a handsome amount of money. If you are planning to get your own OTT app developed, here is a complete guide on what features you must include in your video streaming app and how much exactly would it cost to get an app like Netflix developed.

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 video streaming market was valued at US$ 26.80 Bn in 2020 is expected to reach US$ 168.40 Bn by 2027, with a growing CAGR of 25.8% during the forecast period (2021-2027)

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OTT Streaming Market Global Report 2020 is the latest research report added to The Business Research Company database. The report is covered in 150 pages covering 5 major players in the industry.

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A recent research by Cisco predicted that by the year 2020 – 82% of internet traffic will be live-streaming-video. Online streaming has become the game changer. When smartphones, internet and computers are easily available in peoples’ hands, online streaming has become the most powerful medium of broadcasting. It keeps people updated every second and broadcast companies also align and alter in real time to adapt and adopt new technologies through internet to connect to its desired audience. Online streaming has become the future already with lots of players involved and engaged already in the changing course. User selects a video program that begins to play immediately or downloading to a digital video recorder (DVR) rented or purchased from the provider, or to a PC or to a portable device for delayed viewing. Internet television has become the major attraction and hence the future of broadcasting relies on online streaming and internet.

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