Are you looking to create an amazing OTT platform in 2024?
One that allows people to watch their favorite shows and movies whenever and wherever?
Well, you’ve come to the right place!
Nowadays, more and more individuals are giving up cable TV and switching to online streaming platforms.
After all, OTT development offers greater practicality and convenience, wouldn’t you agree?
And the numbers prove it – experts say the worldwide OTT (that stands for “over-the-top” streaming) industry could be worth a huge $223 billion by 2027!
With so much demand, companies are rushing to develop their own OTT platforms. But building one isn’t simple.
You need a top-notch OTT development team with the expertise to get the job done right. That’s precisely where this blog post comes into play
We will introduce you to 9 of the best OTT platform development companies out there.
Overview of the Growing Video Streaming Industry and Statistics
The online video streaming sector has truly taken off in recent years. Just consider some of these impressive projections for 2027.
- It’s estimated that the total number of people with online video subscriptions worldwide will reach over 4.2 billion by 2027 according to tvScientific. This shows huge growth from the approximate 1.35 billion subscribers in 2022.
- Revenue from streaming videos is expected to massively increase to an enormous $434.5 billion by 2027 as projected by MarketsandMarketsTM. That’s a massive leap from the $71.3 billion generated in 2022.
- The over-the-top (OTT) streaming market has been expanding at a steady rate of around 15-16% each year. This consistent increase demonstrates powerful and ongoing growth.
What do these big numbers mean?
These large numbers signify streaming video as the future of entertainment.
The reasons are obvious – streaming offers unbeatable convenience, variety, and value. You can watch whatever you desire, whenever you want, on any device. No more paying for hundreds of channels you’ll never watch.
However, Developing a world-class OTT platform requires serious expertise. That’s why choosing the right OTT development companies is important for your business.
Table of Contents
9 Best OTT Platform Development Companies to Hire in 2024
Discover the top OTT platform development companies leading the industry in 2024. Explore expertise, innovation, and reliability in OTT solutions with our curated list. Some of the top industry players are CONTUS Tech, VPlayed, Enveu, Oxagile, Daffodil, etc.
1. CONTUS Tech
Unlocking the future of entertainment with specialized OTT platform development company
CONTUS Tech is a leading OTT app development company that can help you build, launch, and grow your streaming service.
This development company has a team of skilled and dedicated OTT developers who can customize your platform to your needs. You can hire them depending on what you need for your project.
They offer various hiring options to fit the requirements of your project. With their streamlined processes and experienced developers, CONTUS Tech promises a quicker launch for your streaming service.
CONTUS Tech provides more than just development. They offer a full suite of features to set up your streaming platform for success, including seamless experiences for both live and recorded content.
They have over 10 revenue models to maximize your potential earnings. You can reach a wider audience by ensuring your app works flawlessly across devices like mobiles, web, smart TVs, and more.
They guarantee 100% on-time project completion and also you can gain full control over your platform with access to the source code.
2. VPlayed
Crafting immersive streaming through a dedicated OTT platform development service
VPlayed is your go-to platform for crafting OTT streaming solutions designed specifically for broadcasters, distributors, and content streaming purposes.
With expertise in developing more than 500 OTT apps, they excel in providing unique and branded streaming experiences.
Their main offering is fully customizing and deploying OTT platforms from scratch based on client needs. This includes designing the user interface, front-end, and back-end development, apps for mobile/TV, cloud hosting, and integrating other services.
There are unlimited options to customize the whole platform. And they have 300-plus experienced OTT developers to customize your platforms.
VPlayed offer live streaming, videos on demand, content management, and security controls for multiple digital rights management.
3. Enveu
Transforming your streaming dreams into reality with OTT platform development services
Enveu provides an advanced video streaming platform for various industries such as media, content creators, sports, education, and influencers who want to build an OTT application and OTT TV app.
This comprehensive solution encompasses everything from creating a user-friendly experience (UI/UX) to managing content and ensuring smooth video delivery across various devices (web, mobile, smart TVs, etc.).
They offer flexible solutions with various pricing models (pay-as-you-use or dedicated OTT teams) and a platform that can be customized to fit your specific needs and budget
The dedicated OTT development team at Enveu designs personalized interfaces with features like recommendation engines and subscription tools to keep viewers engaged.
Leveraging the insights provided by this OTT platform empowers you to know about your audience. This empowers you to tailor your content strategy, optimize user engagement, and maximize your return on investment.
4. Oxagile
Navigating the ever-evolving digital landscape with our tailored OTT platform development
Oxagile is famous for creating video streaming services, specializing in custom OTT platforms for media companies, broadcasters, and content creators.
Oxagile follows an Agile development process to iteratively build and deliver high-quality OTT solutions tailored to each client’s specific needs and user requirements.
They also create OTT platforms for mobile and connected TV apps and integrate them with existing video workflows.
You can hire skilled and experienced OTT developers directly from Oxagile to ensure complete control over the development process.
One of the intersecting features of Oxagile is that it offers an option to boost viewership by providing free ad-supported channels (FAST) alongside paid services, appealing to budget-conscious viewers and expanding subscriber bases.
Their video content management systems (CMS) allow multi-bitrate adaptive streaming, detecting devices’ geolocations, monetizing via subscriptions and ads, recommending content, and providing robust analytics dashboards.
5. Daffodil
Elevate your streaming game with the best OTT platform development companies.
Daffodil specializes in providing OTT streaming platforms tailored for the healthcare and sports industries. Their focus centers on developing OTT platforms specifically designed to cater to the unique needs of these sectors.
With a team of experts, they can design, build, and test your entire app, including its appearance and functionality across various devices (phones, tablets, smart TVs, etc.). You can hire skilled OTT developers from their team based on your specific requirements.
They develop custom apps for platforms such as video on demand and subscription video on demand.
Their range of services encompasses application building, video management, live and on-demand streaming, security featuring multiple digital rights management options, monetization solutions, and platform-as-a-service models.
They have the capability to construct apps tailored for popular smart TVs like Roku and Apple TV.
Combining extensive experience with the latest technologies, Daffodil creates high-quality, scalable streaming solutions tailored for each client.
6. To The New
Streamline your content delivery with our customizable OTT app builders
Tothenew, a leading technology provider, focuses on constructing robust and scalable video platforms for media, broadcasters, and content owners.
With a team of over 750 OTT developers well-versed in the intricacies of streaming, they offer advanced solutions and OTT development services specifically designed to maximize your platform’s performance and meet the unique demands of the industry.
You can also hire a team of skilled and experienced OTT developers who can tailor a platform that perfectly reflects your vision. They’ll construct a user-friendly and scalable OTT platform from the ground up, catering to your specific needs.
Their offerings encompass end-to-end services like design, app development, content management, streaming, security, monetization, and cloud hosting to create video platforms.
This OTT platform provides modern content management, dynamic ads, advanced playback, AI discovery, subscriptions, pay-per-view earnings models, and distribution through multiple networks.
7. Octal IT Solutions
Design and launch your own platform effortlessly with OTT development companies
Octal IT Solutions, a leading provider in software development, specializes in crafting robust video streaming and OTT solutions for businesses across various industries.
Their key offerings include customized OTT/VOD platform development, mobile app creation for OTT, video content management, live streaming, monetization solutions, and integration with existing video systems.
Employing an Agile development methodology, Octal iteratively builds OTT solutions tailored to each client’s unique requirements, timelines, and budgets. They maintain close collaboration with clients throughout the development lifecycle.
Additionally, they offer powerful video CMS, secure DRM, adaptive bitrate streaming, multi-platform app support, subscription/advertising monetization models, and AI-driven content recommendations.
This OTT platform presents flexible engagement models (project-based, dedicated teams). It enables you to hire OTT app developers and commence the construction of your OTT platforms.
8. Matellio
Bring your streaming dreams to life with your own personalized OTT platform
Matellio is a renowned software development company specializing in building cutting-edge OTT streaming platforms tailored to diverse industry needs.
Their offerings encompass custom OTT/VOD platform development, mobile/TV app creation, live/on-demand video management, DRM and content security, monetization, cloud hosting, and system integration.
Matellio adopts a consultative approach, initially comprehending client challenges and requirements. Their OTT developers then architect a tailored OTT solution using modern tools and Agile processes. You can hire them based on your unique needs.
Additionally, they provide AI-powered content discovery, multi-DRM, dynamic ad insertion, analytics dashboards, subscription/ad-based revenue models, and global CDN delivery.
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9. Nine Hertz
Empower your brand with a custom OTT platform tailored to your vision
NineHertz is a company specializing in mobile app development, including live streaming apps. They offer a variety of services to assist in bringing your live-streaming idea to fruition, from concept to completion.
NineHertz has experienced developers who can create live-streaming apps for iOS and Android. These apps serve different purposes like live sports, music or video on demand.
You can hire their full team or individual developers based on your needs.
The apps developed by the OTT developers cover live broadcasting, audio only, on-demand video, and live TV.
They offer flexibility in hiring OTT developers. Engage their entire team or hire a dedicated developer to seamlessly integrate into your existing team.
Their services include a powerful video CMS, adaptive streaming in multiple qualities, AI recommendations, an advanced player, subscription/ad income models, real-time stats and distribution through several networks.
Conclusion:
The online video landscape is growing quickly, bringing many chances to attract audiences and build a thriving streaming service.
As you saw, OTT platform development companies want to help you on this exciting journey. Many companies also offer to hire dedicated OTT app developers. This lets you make a team just for your idea, using their skills while still being in control of the work.
By thinking hard about what you need, you can find the company with the idea closest to yours. With their skills and power to build a team just for you, you’ll be well on your way to making a top-quality video service that does well.
Ready to unlock the future of watching videos? Start by learning about top companies and comparing what they offer, focusing on hiring OTT developers just for you. Talk to them, discuss your goals, and find the perfect match to make your streaming dreams a reality!
If you already have an idea about starting an OTT App, Schedule a free demo and we’ll help you implement it!
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