In recent years, online video streaming has become an integral part of entertainment and content consumption. With the increase of high-speed internet and smartphones, the demand for video streaming platforms has skyrocketed. If you are considering entering this booming industry, this guide will walk you through methods to create your online video streaming app.
Market Growth and Opportunity in the Video Streaming Industry
Before undertaking any development endeavours, it is imperative to gain a comprehensive understanding of the current market landscape. As of 2023, the global online video streaming market will see remarkable growth, as per Statista. Projections indicate that the market’s revenue will surge to an impressive US$95.88 billion in 2023, signalling substantial growth potential.
Furthermore, the industry is estimated to maintain a robust Compound Annual Growth Rate (CAGR) of 9.47% from 2023 through 2027. This trajectory points towards an estimated market volume of US$137.70 billion by 2027, underlining the escalating popularity and demand for video streaming services on a global scale.
Code profiling stands as a cornerstone in modern software development, providing developers with invaluable insights into their code’s behaviour and performance.
This process involves collecting and analysing data during program execution, allowing for the identification of bottlenecks and areas for optimisation.
What is Profiling?
At its core, profiling entails the meticulous analysis and recording of information pertaining to a specific phenomenon. In the realm of app and website development, this translates to gathering data on a program’s execution, resource usage, and performance characteristics.
Diverse Profiling Collection Techniques
Statistical Profiling: This method intermittently interrupts program execution to record the call stack, offering a rough estimation of where the program expends its time.
The rise of foldable smartphones is reshaping the mobile technology landscape. According to the Counterpoint Research Foldable Tracker and Foldable Insight Report, the global foldable smartphone market experienced a remarkable 64% year-on-year growth in Q1 2023, reaching 2.5 million units sold. This surge is particularly noteworthy as it occurred against a 14.2% year-on-year decline in the overall global smartphone market during the same period. Markets in regions like China, North America, and Western Europe displayed robust growth in Q1 2023.
This shift underscores the importance for mobile app developers to adapt and optimise their applications for foldable phones.
Market Growth and Potential
The rapid growth of the foldable smartphone market is a testament to consumer interest in innovative and adaptable technology. These devices offer users a versatile experience, allowing them to switch seamlessly between a traditional smartphone and a tablet-like interface.
In recent years, the fintech industry in India has witnessed a dramatic transformation, propelled by technological advancements and a surge in mobile phone usage. Banking mobile app development has emerged as a crucial facet of this evolution, allowing financial institutions to offer seamless services to their customers. Among the pioneering companies in this domain, Singsys stands out as a prominent player, contributing significantly to the growth of India’s fintech ecosystem.
Singsys: A Leader in Banking Mobile App Development
Singsys software development company based in India and Singapore has played a pivotal role in shaping the landscape of fintech app development. With a strong focus on innovation and user-centric design, Singsys has established itself as a trusted partner for various banks and financial institutions seeking to enhance their digital presence.
In an era where speed and efficiency are paramount, catering to the needs of smartphone users has become a top priority for businesses. However, many users hesitate to download apps due to concerns about storage space. Google revealed that half of smartphone users mostly use a brand’s mobile site instead of downloading an app. This dilemma has led to the rise of Progressive Web Apps (PWAs), offering a unique solution that bridges the gap between standard websites and native applications.
What is a PWA?
Progressive Web Apps, or PWAs, are web applications that provide a seamless and app-like user experience. Build on standard web technologies like HTML, CSS, and JavaScript, much like traditional websites. However, PWAs eliminate the browser interface and borders, giving users a more immersive and native app-like feel.
How is it Different from a Native App?
One of the primary distinctions between PWAs and native apps lies in their installation process. Native apps are downloaded and installed directly on a user’s device from the app store.
