How much would it cost to develop a Live Video Streaming App like Twitch

Whether you're a local business or part of a fortune five-hundred company; you've likely heard about businesses utilizing live streaming. It's an enormous business model, with plenty of applications for attracting customers, selling products and services, and raising the overall revenue of your company. You might be curious how this is possible. I mean, isn't a live stream just a live-action video? Where's the money in that? Let's quickly go through some stats and analytics that'll get you excited.

The Live Streaming Industry:

Overall Market Value of $223.98 billion estimated by 2028

The streaming industry grew by 99% between April 2019 and April 2020.

Twitch reports users watched over 9.3 billion hours of live-streamed content.

63% of all people aged 18 to 34 watch live-streamed content regularly or at least once a week.

Talking Twitch – The Most Popular Video Streaming App

While live streaming, particularly through the popular platform Twitch is a massive industry now, it had very modest beginnings. The Twitch company first started as Justin. tv, a small website devoted to hosting live streams of video game events and online multiplayer games. While initially a niche market, Justin. tv would continue to grow and eventually rebrand over the years; pulling in massive companies like Nintendo, Sony, and E3 Expo to host events on the site and lead to huge influxes of traffic. Now, Twitch is a multi-billion dollar company, which allows streamers to work from home providing content for their fans. They can also earn money through subscribers, donations, and tributes from their followers. Additionally, Twitch doesn't take any cuts from donators; just the app you use to process your payment.

The Business Models of Live Streaming

Those who host or utilize a live streaming app and platform will quickly notice the variety of ways you can generate revenue for your business. At the first level, simply hosting video streaming and allowing users to sign up for accounts and watch streamers allows them and your company to earn income from donations and subscriptions. Additionally, you can utilize advertising on the sidebar, in between breaks on the live stream, or before the live stream starts. This massive, open space for clickable advertisements helps you generate passive revenue by including these on your page. Moreover, you can consider adding premium features both for streamers and users alike and keep it behind a paywall. So as you can see from just these select, simple examples; it’s fairly easy to find ways to gain revenue through streaming. Not only that, it provides you with a free avenue for advertising your own products and services through your streaming platform.

Let's review some of the revenue streams your live streaming platform can create:

Donations and subscriptions for streamers.
Passive income through advertisements.
Premium features for users and streamers.
Free advertising space for your other products or services.

Is your business looking to develop its own live-streaming app or platform?

Given you know a bit more about the world and business of live streaming, you might now be curious about how you or your business can get started with developing your own platform. Let's Nurture has been providing innovative, technological solutions for businesses for over two decades. We pair your project with a team of highly skilled developers who have years of experience with iOS and Android development, web development and design, project management, UI/UX experts, as well as web analysts who can improve your SEO rankings and help you reach more customers.

When building a live streaming app, there are a variety of factors that will come into play such as what media you want to live stream (audio, video, a mix of both) and what features you'd like included with your app. Speaking in a ballpark sense, most live stream apps will likely cost $20,000-$50,000 per platform to develop. This price may be negotiated depending on the type of app you're developing and the features you or your team are looking to include.

Features and estimated cost of Live Streaming Platform Development like Twitch

System Users	Users	Admin
Basic features	User Onboarding	Login
	Featured Show / Movie / Program	Dashboard Analytics
	Show / Movie / Program categories	User Management
	Trending Show / Movie / Program	Category Management
	Watch list	Program Management
	Global Search	Show Management
	Shows / Movies List	Movie Management
	Subscriptions	Manage Subscriptions
	Screen Use Package	Manage Packages
	Show / Movie / Program detail	Manage Review and Ratings of Show / Movie / Program and App
	Review and Ratings for Show / Movie / Program	Manage Downloads
	Review and Ratings of App	Manage Live Video Stream
	Downloads	Manage Live Audio Stream
	Saved	Manage Comments
	Watch Later	Manage Notifications
	Live Video Streaming / Broadcasting	Manage Help and Support
	Video on Demand Streaming (VOD)	Manage Ads
	Live Audio Streaming / Broadcasting	Profile
	Adjust video and audio quality
	Live playback
	Mid-playback functions
	Full-screen mode
	Live Comment
	Profile
	Notifications
	Ads
	Help & Support
	Cost of Video chat app like Google meet	CAD 30000 to CAD 40000 (Android + iOS + Web App + Backend) approx

Add-On Features for Streaming Platform Development like Twitch

System Users	Registered App Users	Admin Panel
Features	Live Video/Audio Chat	Font/ Theme Settings
	Font/ Theme Settings	Font/ Theme Settings
	Search based on user behavior

Innovative Features by Let's Nurture:

Let's Nurture seeks to make the development process as easy as possible for our clients. Because of this commitment, we provide efficient, transparent development and use the best tools and technology in our possession to deliver highly effective apps designed for large amounts of traffic

Machine Learning Algorithms to Learn Consumer Behaviour

Once you start having enormous traffic on your app, it might get difficult to notice small changes in your consumers’ behavior. With the help of our instinctive machine learning algorithms, you can put predictive analytics and data analysis to the best for identifying the right consumer trends and leveraging them further.

Immersive Software

Immersive software allows you to do more than just access a media file – it creates a whole experience around the media, immersing the user and giving them more aspects to enjoy. This is made possible with virtual reality (VR), augmented reality (AR), and mixed reality (MR). As long as the user has a digital interface (typically a smartphone, headset, or smart glasses), they can view the original media with various digital objects and elements added.

Auxiliary Tool kit

Auxiliary tools are an add-on for any developing platform. These provide UI enhancement and initiate productivity improvement. We will develop and integrate system-required auxiliary tools that will boost customer engagement in the app.

Resource Team Size for Developing your Live Streaming App

Let's Nurture hires top industry experts to assist with our Android and iOS application development processes. When working with Let's Nurture, we aim to provide our clients with fully able and competent teams of professionals who help them get the job done efficiently. For the job of completing your new live-streaming app, we'll likely compile you a team that consists of the following experts and staff:

Two UX/UI designer
One Android app developer
One iOS app developer
Two backend developer
One quality analyst
One business analyst
One project manager

Technology Stack We use to develop

Sketch

Xcode

Android

AWS

Fabric iOS

Android Studio

FCM

Geo-fence

Google Analytics

Google API

MEAN Stack

Mantis BT

Sass

sendinblue

Google Webmasters

stripe

swift iOS

ZOHO

Moreover, for the more sophisticated processes of coding your live streaming app, Let's Nurture may utilize the following codebases, technology stacks, or other tools:

Programming Languages such as Kotlin and Java
Cloudflare or Amazon CloudFront for CDN
Hosting done by Amazon EC2
API Servers by Node.js
Media processing platforms such as Wowza and DaCast
Streaming protocols such as WebRTC, RTMP
Databases like Oracle or MySQL
Push notifications using Firebase Notifications
Message Queue setups by AWS Simple Queue's System

The Benefits of Developing your Live Streaming Platform with Let's Nurture

Mobile and web app development experts with rigorous experience in developing web or iOS/Android apps
Expertise in Wedding Planning app platform development using latest technologies
Expert and free consultation on strategic features, their development, and an effective testing strategy
Great value on costs for Wedding Planning app development
Wedding Planning app development coding as per the guidelines of Apple Store & Google Play
Support in Application deployment and Approval

What're you waiting for? Book your free consultation today!

You've seen the data, you know what Let's Nurture has to offer; so if you're ready to take your business to the next level using live streaming; all you have to do is reach out to our team below to discover the potential of what a live streaming platform can do for your company.

FAQs

How long does it take to make a Live Video Streaming App like Twitch?

The duration would depend on the exact specifications and the requirements which would be mentioned by you. Normally, our mobile application development team would say 20-25 weeks.

What is the technology/server you will use to implement a Chatbox for buyer-seller communication in the Live Video Streaming app development process?

C++ Socket Programming Ejabbered based XMPP Server Integration Third-Party SDK like – Quickblox/We Chat can be used in case of the budget constraint

Will you launch my Live Video Streaming App on App Store and Google Play?

Yes, it is already provided as a part of our service agreement.

Will you provide maintenance support for my Live Video Streaming App platform after it is developed? If yes, for how many months?

We provide AMC (Annual Maintenance Contract) services on a case-to-case basis at 10% of Project cost.

Do you have your own team of Android and iOS Application developers?

Yes, we have 80+ in-house resources working in Android app development, iOS/ iPhone app development, web development, chatbot development, and Alexa app development.

Do you provide a facility to hire dedicated developers for my Live Video Streaming application development project?

Yes, we do provide flexible dedicated hiring models consisting of highly skilled and certified web and mobile developers who are well versed in website and Android/ iOS mobile app development projects for diverse industries.

Contact Us

Have an !dea to develop a Live Video Streaming App like Twitch?

What's 6 + 3 =

Phone

+1 902 620 9098

Email

enquiry@letsnurture.ca