Stats relating to usage and demand of on-demand video streaming app across the world
Nowadays, an app like Netflix has become a crucial part of the entertainment industry More people have subscribed to an on-demand video streaming app to watch Advertisement free shows.
Statistics related to an app like Netflix
Netflix has a net worth of $46.2 billion as of 2019. As per CAGR, it is expected to growth of 20.4% between the year 2020 and 2027. The main reason adding to such tremendous growth is the ample features and advantages offered by Netflix over the traditional TV shows.
It is estimated that 23% of adults stream Netflix on a daily basis.
In the UK, as of 2019, there are 9.2 million subscribers, it has the highest number of members watching it. Following it is Amazon Prime, which has 4.8 million subscribers.
According to Forbes reports, by the end of 2020, Netflix app will be present in over 114 million households.
More than 58% of users in the US stream videos to watch content without any advertisements. This is according to a report by eMarketer.
From these, we can understand the impact apps like Netflix has on people across the globe. So aspiring entrepreneurs can also be part of this trending sector by acquiring Netflix clone app from leading clone app development companies like Appdupe.
Here are the ways app owners can earn through video streaming app clones.
Advertisements
Service providers can post ads using these services. Payment is based on the customer views the ad post gets. They can promote their shows in the app.
Subscription/Membership
There are several packages to choose from. Each one varies based on the number of platforms supported at a time, days of subscription, etc. The content available will be the same for all the packages.
Business owners can make use of this excellent opportunity and get a video streaming app clone from us at affordable prices.
