In just a few years, over-the-top (OTT) services have gone from being a niche option to one of the most popular ways to watch TV. Consumer preferences, evolving technologies, and external factors such as the pandemic have given rise to the wave of OTT software and app development.
As per Statista, the number of users in the OTT video segment in the US is expected to reach 313.4 million by 2027. While the revenue in the OTT Video segment is projected to reach $119.10 billion by the end of 2022.
These stats prove that this is the right time to invest in this industry as OTT is the future of entertainment. However, the most important thing to consider for OTT development is choosing the right OTT platform development partner that can create a platform like Netflix as per your requirements.
In this edition of the Mobile App Daily report, you will learn about the best-in-class OTT development companies that can offer top-notch services at affordable costs. But before that, let’s dive into the parameters used to list the top 10 OTT platform development companies in this report.
The factors mentioned below helped us to filter out the best OTT platform development companies across the world. So, let’s have a look at them before we get on to the actual listing -
Moving further, we have listed the top OTT platform development companies that offer top-notch streaming services and flawless user experience. So, without further ado, let’s begin with the list:
Whether you are a media company or an online video platform provider, Oxagile can add value to your business. The company offers custom OTT app and platform development services, delivering an intuitive UX/UI and enabling video solutions to work smoothly across different platforms – webOS, Tizen, Apple TV, Android TV, set-top boxes, and other platforms. They also help their customers implement various ad and monetization capabilities, such as SVOD, AVOD, FAST, hybrid, etc.
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CMARIX is one of the top OTT platform development companies that aim to deliver standout media content and video streaming experience across multiple platforms. The OTT app developers build custom OTT platform in the USA that meets your business needs and deliver high-definition entertainment experiences to the target audience. They also help you with creative video streaming ideas that quickly ensure traction. To date, the company has delivered over 400 OTT platform projects with next-gen features and functionalities.
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Appinventiv is another experienced OTT platform development company that designs and develops robust custom video streaming platforms for its clients. The experts at this one of the leading OTT solutions companies identify your key business requirements and offer you an optimal online video platform development strategy that ensures great returns.
Post-development, the team also offers continuous maintenance and support services, which include fixing the platform’s threats and bugs, securing databases, and more to ensure an engaging experience for users.
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AppSquadz is another leading name when it comes to OTT platform development. The OTT app developers here aim to build video streaming platforms that offer rich and engaging viewing experiences. They make sure to integrate high-quality graphics, complete video encryption, and a feature-rich interface for a world-class user experience. Some of the other services offered by this one of the top 10 OTT platform development companies include OTT video marketing, Smart TV app development, Fire TV app development, Google Chromecast app development, and more.
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The team at Quytech is known for its expertise in building end-to-end OTT platform in the USA with an amazing viewing interface to boost user engagement to an all-time high. Not only this, they create highly functional OTT apps that can be scaled and customized as per your business needs. This one of the popular OTT solutions companies ensures that applications are loaded with exceptional features to deliver an unmatchable experience to your customers.
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Zartek is a top-notch OTT company with a mission to deliver your dream products at the lowest cost and with a quick market release. Based on the target audience and market, the experts decide on the right platforms (Android/iOS/Web/TV) to launch the Over the Top (OTT) streaming platform. One of the biggest benefits of working with this OTT company is that they monitor how the product is being used by the customers and help you scale the product with digital marketing.
SoluLab’s incredible OTT development services will propel your company to new heights of success and ROI. The team of expert designers and OTT developers work on offering smooth UI/UX design that provides your users with a flawless streaming experience. They also aim to optimize and improve the performance of your streaming platform to guarantee that it runs smoothly and provides users with a consistent experience.
BrainMobi is a team of 100+ OTT developers and designers with diverse skill sets and expertise. The experts here aim to help startups as well as enterprises to convert their ideas into reality. Their top-notch OTT development services will help your platform stay at the top of its league. This leading OTT company ensures that they give consumers full navigation of OTT applications to deliver an updated browsing and streaming experience.
Oodles Technologies is another top-notch OTT platform development company that specializes in offering video streaming app development, live streaming app development, web conferencing solutions, and more. Their years of experience help businesses to conceptualize, design, and develop video solutions.
RisingMax is a leading OTT platform development company that provides a range of services to help you manage, deliver, and monetize your OTT content. The experts at this OTT company provide solutions that rapidly resolve issues to improve viewer experience while reducing abandonment and viewer churn. They also offer OTT development solutions that are loaded with next-gen features and functionalities.
MultiQoS Technologies is a well-known OTT app development company that is inclined towards offering top-notch video and media content across various platforms. The main objective of MultiQoS is to grow your business and ultimately boost your revenue. The experts also work towards offering an HD experience to the targeted audience. Apart from that, they help you with outstanding and creative video ideas that will drive traction.
According to a recent report, the global OTT services market is projected to grow from $44.54 billion in 2021 to $139.00 billion in 2028, at a CAGR of 17.7% during the forecast period. Further, 70% of US residents are active subscribers to at least one popular OTT service at present.
These stats indicate that the demand for OTT services is increasing at a tremendous rate. From startups to big enterprises, there is a surging demand for OTT software development in diverse arenas of the entertainment industry. Below are a few reasons that will help you understand why investing in OTT software development is a good idea:
As per a report by Convergence Research, the estimated revenue from around 90 OTT apps increased by 35% to generate a profit of approximately $29.6 billion in 2020. This value is predicted to reach $59.4 billion by the end of 2023.
These stats clearly demonstrate why OTT development is becoming a top priority for startups and enterprises to boost their business.
Convenience is everything in today’s hectic lifestyle of working people. Thus, investment in OTT platform development makes sense when you want to provide easy accessibility and convenience to your users. In traditional media consumption, it takes time for users to buy or rent DVDs or BluRays.
People want instant convenience to access digital content on the go. By developing OTT platforms for multiple devices, you can provide this convenience to your users. By hiring a reputed OTT app development company, you can be assured that your app scales perfectly on different platforms.
OTT apps generate a good amount of revenue from the subscriptions availed by users. Plus, there’s only an initial investment in setting up the digital platform, after that there’s almost no cost to maintain an OTT platform.
Moreover, you get different revenue-generation opportunities using different methods like merchandise, advertisements, subscriptions, and more.
When you are opting for OTT platform development, you are able to ensure better marketing opportunities and augmented brand visibility. Since you get full control over your OTT platform, you can launch innovative marketing campaigns through push notifications and encourage the users to engage with your platform.
You can hire a prominent OTT application development company to achieve better brand visibility among both B2B and B2C audiences.
In today’s era of digitization, there is no shortage of OTT companies in the world. These companies are helping businesses build OTT platforms that provide a flawless user experience.
However, with so many OTT development companies out there, choosing the right one for your business requirements is a bit difficult. One needs to consider many factors while choosing the best OTT platform development company, such as their prior experience, cost of development, client reviews, and more.
Below, we have mentioned a few tips that can help you choose the best OTT app development company for your business:
Look for the years of experience the OTT app development company holds. A top company with years of experience will be able to understand your needs in a better way. Also, they are aware of the possible challenges that appear during the development project and have the expertise to tackle them with ease.
One of the best ways to find the best OTT development companies for your business requirements is by going through their past and present clients’ feedback and reviews. In order to get all the information regarding OTT development services, you can even contact the clients for the same.
Many businesses complain that their development company did not keep them posted on the progress of the OTT application development lifecycle. For efficient and flawless delivery, the company must keep its clients updated with every possible detail related to the progress of the product. Having regular conversations on the app development progress will also ensure the timely delivery of the product.
By looking at the company’s portfolio, you can get some idea about the work it has done. This will help you understand whether that particular company has been exposed to new technologies related to your business domain.
The design of the OTT platform and application is one of the crucial factors that contributes a lot to their success. This is why companies and business owners should put emphasis on the skills and experience of OTT developers. If you hire an OTT application development company with some great UI/UX designers, you will be able to deliver a world-class OTT platform for your customers.
So, this was the list of best OTT platform development companies from around the world that offer exceptional services and flawless experiences for users. Our team went through multiple resources and churned tens of hours to bring the most substantial information to you. Hence, these OTT development companies can not only help in your business growth but also hold the ability to change the future of OTT platforms.
In case your company also offers OTT development services and you want to list your company in such reports as this, you can get your company reviewed by us. Our experts will go through your company and decide on enlisting the organization if it qualifies. These listings are helpful for you in being visible to potential clients.
We will connect you with potential service providers as per your business requirements.
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