When it comes to being the harbinger of the OTT revolution, there’s no denying that Netflix has led the charge. What started as an idea to boost customer satisfaction in the entertainment space by making personalized offerings that can be enjoyed any time anywhere has slowly grown into a giant.
As per the latest reports,
Netflix has over 195 million paid subscribers of which 73 million are from the United States. It is available worldwide with a few exceptions.
As per the 2020 research reports, the operating income for Netflix was approximately around $1.2 billion. Netflix became the largest media & entertainment company valued at market capitalization in July 2020.
Netflix is popular among the audience for being the most advanced online video streaming app that has a rich diversity in content and caters to the audience in a hyper-personalized manner with a very intuitive user interface.
Are you wondering how to build an OTT video streaming app like Netflix? Let’s explore how it works, to begin with.
How Does Netflix Streaming Works?
So how does Netflix work? How it caters to such a dynamic audience with a diverse taste? This is a really interesting aspect that is seldom closely monitored. Well, it’s not easy to build a video streaming app like Netflix but there are companies like VPlayed helming the wheel for you, making video on demand app development a piece of cake!
Before we dig any deeper into how VPlayed helps you in your OTT platform creation and building an app just like Netflix, let’s explore how Netflix streaming works. Netflix’s main revenue source is its subscription-based monthly and annual plans.
Netflix has been the earliest innovators in the OTT space, incentivizing people to switch to OTT streaming service from traditional dish and cable services by bringing a pool of quality content on its platform.
The working model of Netflix involves storing content on a large number of servers globally with at least 10 servers nearby every user connected to this platform. This requires a smooth and steady 24*7*365 operation that has the lowest downtime, preferably zero.
The Netflix network can easily handle a data load of up to 35 TB per second which is sufficient for an uninterrupted quality streaming. Netflix also boasts of having the most advanced network security in the industry.
Factors That Make Video Streaming Apps a Grand Success
Let’s take a deep dive into the factors that influence the success of your video streaming application.
- App Monetization
- Multi-currency Support
- Unique & Quality Content
- Video-Sharing & Streaming
- Smart Downloads
How to Create an App Like Netflix?
Now that we have gone through the essential features that make video streaming apps a hit, the questions that arise are how to build a streaming app? Which video streaming app builder would be your best bet to create an app like Netflix?
VPlayed is without an iota of doubt, should be your go-to option if you are looking to create a video streaming app that replicates all essential features of Netflix. Let’s learn more about the important considerations to be kept in mind.
- Find Your Genre
- Decide on the Content Availability
- Choose the Monetization Model
- Study the Video Streaming App Requirements
You can easily hire the best-in-class video streaming solution provider like VPlayed to create branded video streaming apps like Netflix and reach a global audience in a hassle-free way! End your search for how to create a streaming app with VPlayed!