How does low latency influence live streaming? How does it work? Components of streaming workflow. What is the importance of latency? Read on to find all your answers to latency.
Rise in popularity of video game streaming devices and surge in demand for live streamed content drive the growth of the global streaming devices market.
However, limitation of bandwidth restrains the growth to some extent.
On the other hand, growing need for advanced technologies in video platforms to improve video quality would create new opportunities in the coming years.According to the report, the global streaming devices market size was valued at $8.00 billion in 2018 and is estimated to reach $18.97 billion by 2027, growing at CAGR of 13.2% from 2020 to 2027.COVID-19 scenario-COVID-19 has accelerated the growth of streaming services.
Also, the supply chain disruption have caused a major impact.However, the market has witnessed an increase in the demand for devices.
Furthermore, the government in various regions have issued relaxations on regulations, thereby allowing the companies to restart device manufacturing processes.The television (TV) segment to dominate the market throughout the forecast period-Based on application, the television (TV) segment contributed to the largest market share in 2019, holding for nearly half of the global streaming devices market, and is expected to continue to dominate in terms of revenue throughout the forecast period.
In addition, the segment is estimated to maintain the highest CAGR of 14.20% from 2020 to 2027.
As multimedia content is essential for modern branding lets take a look at how the live streaming apps are useful for brands.Host Q Session Companies can have a fixed time per week on a social live streaming platform to hold a live interactive session with their audience.
The users can post their question in advance or can ask questions on a comment in between live video.
Then the company could help him through the live video demonstration.
It only assures good reach and also helps in building their value.
When periscope was bought by Twitter, many came to know about this acquisition through video content rather than reading a blog.
And brands can ask best influencers to talk about them and can post those videos to increase their credibility.Live events If it is for live stream then how can live streaming the events, concerts, programs, and conference of your company couldn’t help!
In previous articles, we have discussed the ‘opportunities live streaming events’ provide.While that was theoretical, we push forward the point with a case study – how UFC’s OTT app with the help of its ‘Fight Pass’ along with ‘Pay-Per-View’ made it the Gold standard in the space.What is UFC?Before we get into the details of the app, a quick explanation of what it is:The UFC (Ultimate Fighting Championship) is the largest promoter of MMA (Mixed Martial Arts) fights, with around 40 events each year, more than 500 fighters under contract and a growing international fan base.While UFC has seen success since the turn of the millennium, the first UFC event was held in 1993.Why is UFC’s ott app successful?UFC runs a ‘Fight Pass’ which is a digital streaming service that gives fans of UFC content 24/7, 365-days a year.
Here’s 5 key reasons why UFC is the current reigning sports OTT champion globally:ContentContent is the most important aspect of the success of your OTT channel.UFC’s OTT app keeps fans engaged by offering them footage that can’t be found anywhere else.
Even football’s governing body, FIFA, can’t compete with this.
The UFC app through its ‘Fight Pass’ gives users access to the Early Prelims from the biggest UFC Pay-Per-View cards along with over 200+ live events from promotions such as Invicta FC, GLORY Kickboxing, QUINTET (Team Submission Grappling), Eddie Bravo Invitational, Polaris, and many more.AvailabilityOnce the content is in, we have stated the importance of being available cross-platform.
UFC has this covered by being available across devices, including Laptops, Apple TV, Xbox One, Amazon Fire TV, iPad, iPhone, Android devices, Chromecast, Roku, Samsung Smart TV, and LG Smart TV.
UFC’s ‘Fight Pass’ is available at US$ 9.99 per month or an annual package of US$ 95.99.
