Over-the-top (OTT) platforms are expected to generate more than 475 billion US dollars by 2027 and Blockchain-based OTT platforms open up new business opportunities.
The massive market growth over the past years and the future forecast are luring budding entrepreneurs to build their OTT platforms.
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Planning to launch your own OTT platform and dip your toes in the futuristic business opportunity, then RisingMax.Inc is what you are looking for.
Our Development team leverages its expertise to build future-proof custom blockchain apps. Connect with our experts and discuss your blockchain-based OTT development needs for FREE.
Before moving further, let us examine some intriguing facts about the OTT platforms:
- By the end of 2022, the revenue from the OTT Video segment is expected to reach $275.30 billion US dollars.
- Between 2022 and 2027 is expected to grow by 11.60 percent and reach a market volume of US$476.60bn.
- OTT video advertising segment holds the largest market volume of $180.40 billion US in 2022.
- US is the biggest market, with a total revenue generation of $119,100 million US dollars in 2022.
- The user penetration of the OTT platform is expected to reach 44.1% in 2027 from 35.7% in 2022.
- The OTT Video segment’s average revenue per user (ARPU) will reach $101.20 US dollars by the end of 2022.
All these facts are according to Statista.
From the facts mentioned above, it is quite clear why investing in blockchain-based OTT development is a profitable business idea. This post will be a perfect guide for you all set to move forward with a blockchain-based OTT app development Company.
Let’s start from the basics…
We promise to deliver high-performance blockchain app & software at affordable cost to achieve business goals faster.
What Are Blockchain-Based OTT Platforms?
Over-the-counter or OTT apps are new-age entertainment platforms allowing users to consume content using the internet. Integrating blockchain technology with the OTT platform helps content creators encrypt content and permanently store it using IPFS nodes.
Blockchain technology allows OTT platforms to maintain transparency and ownership of content in a decentralized way.
With this audience can view exclusive and encrypted content from their favorite creators instantly on a mobile, laptop, or any other IoT device.
In addition to blockchain-based OTT development, we offer other services as well. From app consulting to implementation, look at our blockchain-based OTT development services.
Worried about project development cost? Get the exact project development cost with our App Cost Calculator in minutes. Connect with our team to know more.Key Benefits Of The Blockchain Based OTT Development
Original Content
With blockchain-based OTT development, you can provide users a platform where they can view content shared by their favorite artists. Integration of blockchain ensures content creators and artists that no one can copy or duplicate their content.
Increased Engagement
OTT apps provide a promising platform for content creators and celebrities to engage with their fans. These platforms effectively increase the engagement of fans and celebrities without losing any profits.
In-App Promotions
Digital content creators and celebrities can leverage the popularity of these platforms to connect with fans and promote their content. With in-app promotions, they can increase the visibility of their content and reach a wider fan base.
Wider Audience Reach
Blockchain technology is the future, and with the current hype around this futuristic technology, OTT platforms can leverage its popularity to reach a wide audience.
Content creators and celebrities can leverage these new-age platforms to further bring more market visibility.
Connect Worldwide
With blockchain-based OTT development, you can eliminate the geographical barriers between fans and celebrities. Fans from around the world can sign in to the platform and view their favorite creators.
Content Subscription
The blockchain-based OTT platform provides a platform for users where they can buy content subscriptions of their favorite celebrities. Content creators and celebrities can showcase their exclusive content to their fans and earn profits from sales.
Transparency
Blockchain-based OTT platforms have in-built smart contracts that reward creators whenever some view, buy or sell their content.
Every time the content changes hands, a fixed royalty is forwarded to the creator, promoting transparency within the system.
Ownership
With the security of blockchain, the content creators and celebrities have complete control over them with complete control over the content. They can restrict users or charge customized fees based on the content.
Our Blockchain-Based OTT Development Services
OTT App Consulting
We, blockchain experts, engage with clients to clearly understand their business vision with blockchain-based OTT development.
Our team will provide you with cutting-edge solutions that help you achieve your business vision and ensure 100 percent success.
OTT App Implementation
Every OTT platform has its own implementation needs, and our development experts clearly understand every project requirement.
With OTT app implementation, our team focuses on providing the best digital viewing experience that brings positive and greater ROI to our clients.
OTT App Integration
Hire our blockchain experts to seamlessly integrate OTT applications to deliver unmatched and unparalleled outcomes. We follow a 5-why approach to find the root cause of an issue and over every challenge during OTT app implementation.
OTT App Migration and Upgrade
Like any other mobile or web application, your OTT needs time updates. We at RisingMax offer migration and upgrade services, keeping an eye on a long-term vision to ensure that our clients won’t have to worry about anything.
OTT App Deployment
Our blockchain team prepares a roadmap for deploying your OTT app on multiple platforms to reach a wide audience.
With our well thought deployment methodologies, we provide seamless OTT platform deployment with guaranteed results.
OTT App Maintenance and Support
We believe in building long-term relationships with our clients even after post-deployment.
Our maintenance and support services ensure the smooth running of the blockchain-based OTT app and offer a hassle-free resolution of technical issues.
Blockchain Technologies We Work With
We successfully develop and deploy business solutions on various blockchain technologies mentioned below.
Our blockchain expertise allows us to offer affordable solutions and address complex development issues without hassle. Blockchain technologies we work with;
- Solana
- Ethereum
- Stellar
- Ripple
- Matic Polygon
- Dragonchain
- Hedra Harshgraph
- Corda
- Tron and more.
Our blockchain team is well-versed with all the leading technologies to build customized solutions per your business needs.
We build OTT platforms that help you dominate the next era of the internet by integrating blockchain technology.
Our Blockchain-Based OTT App Development Process
With more than 150 blockchain-based apps developed and deployed, RisingMax.Inc is a reliable blockchain app development partner.
Our team follows an agile blockchain-based OTT app development process to build industry business solutions.
Have a look at our OTT app development process:
Requirements Gathering
Our team collects all the project-related requirements from the client. After this, our team analyzes the project’s feasibility and provides an estimated project cost.
Project Analysis
After gathering all the blockchain-based OTT development needs, our team thoroughly analyzes the project and offers the best solutions. After carefully analyzing the project requirements, we will move forward to the planning phase.
Project Planning
In this phase, our blockchain team plans the tech stack and other tools needed for project development. Entire project development is divided into smaller milestones for easy tracking of projects and timely completion.
Project Development
Our team then moves forward to blockchain-based OTT platform development. We follow an agile development process keeping the customer needs at the center for maximum client satisfaction.
Project Testing
The testing phase goes parallel to the project development phase. We follow rigorous testing methodologies to ensure that the project works as intended. Any bugs with the OTT app will be forwarded to the development team until there is no issue with the final product.
Project Deployment
After getting final approval from the client and minor changes, our team deploys the products on various platforms to reach a wider audience. With our post-deployment services, we constantly monitor and ensure the smooth running of the platform.
All Range Blockchain Based OTT Development Services For Niche Targeting
OTT Video Streaming App
Launch a platform where content creators can stream blockchain encrypted videos and drive skyrocketing revenue from it. Creators can convert video to non-fungible tokens and change users on a subscription or per-view basis.
OTT Audio Streaming Platform
Allow music creators or artists to stream their song collection or melody to their audience and earn from it. Music creators can convert digital music files to NFT and earn royalties with smart contracts.
OTT App For Live Streaming Concert
Connect with our development team to launch an OTT platform where users can view live concerts or performances of their favorite artists.
Artists can generate passive income by turning concerts into NFTs and streaming them.
OTT Entertainment App
Let creators and artists reap maximum benefits by converting digital content into non-fungible tokens. An OTT entertainment app allows fans to view content from their favorite creators whenever possible.
OTT Pay Per View App
Launch a blockchain-based OTT app where users can view content from their favorite artists based on pay-per-view. Artists or creators have more control by converting video into NFTs and earning on pay per view basis.
OTT On-Demand Audio App
Hire our blockchain experts to launch an OTT on-demand platform where artists have full control over the ownership rights. Every time their digital music or video file exchange hands, they earn a fixed royalty with smart contracts.
OTT App For Artists & Creators
Launch an OTT platform where content creators and artists can showcase their digital collections and connect with the target audience. Allow generating a passive income by selling or trading their audio and video content with the target audience.
Now, you have read everything related to the OTT platform. It’s time to address the elephant in the room and discuss development costs.
Connect with our team and share your blockchain project requirements. We will share customized development costs, project timeline, and tech-stack within a day or two.
Blockchain-Based OTT App Development Cost
The cost of a blockchain-based OTT app depends upon various factors mentioned below.
A careful analysis of all these factors is a must for any blockchain app development company to share an exact development cost.
The development cost of your blockchain-based OTT platform depends upon:
- The complexity of the blockchain app
- Application features
- Security and safety features
- Location of the blockchain development company
- Per hour charges
- Scratch or Whitelabel solution
- Tech-stack needed
- Any additional services needed for the project
Here’s an OTT app development idea for you
- Blockchain-based OTT platforms like Netflix and Prime video will cost you around $25,000 and $60,000. The development cost may vary depending on the tech stack and additional features required.
- Blockchain-based OTT platforms with features similar to YouTube may cost you around $50,000. The development cost varies depending on the factors mentioned above.
Why Choose RisingMax For Blockchain-Based OTT App Development Company?
Our team has worked with big enterprises and startups for over a decade. We have successfully developed and deployed 150+ blockchain projects for our clients worldwide.
Our business solutions are highly secure, scalable, reliable, and bug-free per business goals.
Here’s why you should choose RisingMax.Inc;
- Unmatched OTT Development Services
- Expertise In Blockchain Technology
- Well Versed in Cutting-Edge Development Tools and Technologies
- 100 Percent Secured
- Rigorous Testing Methodologies For Bug-Free Business Solutions
- Transparent Cost Policy
- Whitelabel Solution
- On-Time Project Completion
- 24/7 Customer Support
- Affordable Maintenance and Support Services
With the soaring popularity of OTT platforms, it’s high time to invest and grab this futuristic business opportunity.
So, Stop Thinking and Start Acting !!
Contact our experts and discuss your blockchain-based OTT development needs TODAY.
The post Blockchain-Based OTT Development: Key To Unlocking New Business Opportunities appeared first on Rising Max.
