On-Demand Video Streaming App: Design and Build
If you are considering developing a VOD application, now is the time. The on-demand and live markets are still in a phase of rapid growth. This way you can also benefit from new sources of income.
Popular on-demand platform Sling TV added more than 205,000 new subscribers in the third quarter of 2022, bringing its total subscriber base to 2.46 million. Meanwhile, its parent company, Dish TV, lost about 91,340 cable customers.
Trauku TV is not the only traditional telco whose revenues have been squeezed by OTT and VOD competitors. Almost all US cable companies lose more than 14,000 subscribers every day.
What this data tells us is that consumers are increasingly turning to digital viewing. Media companies that capitalize on this trend are, or will soon become, market leaders.
The VOD market (and its sub-markets, OTT, SVOD and AVOD) is expected to grow in the near future. Despite the fierce competition, there is still room for new entrants. New low-code VOD application development platforms such as Flicknexs have also greatly increased the technical barriers to product development.