Benefits of Live Streaming for Your Business

The popularity of live streaming has shot up in the past few years, and it continues to rise every day or even every hour. Streaming live content holds 23% of global video viewing time over the internet. Seeing this, we can say that streaming live videos has gained significant traction among streaming businesses.

Thus, content creators and video publishers want to leverage streaming live video content to increase their revenue. Globally, the live streaming market has increased at a CAGR of 20.6% and reached the milestone of a USD 1.49 billion market size.

As you can see, live or real-time streaming has become a crucial tool for businesses to ensure their growth. However, many content creators are eager to know the key benefits of incorporating live videos for the promotion of their businesses. To gain a thorough insight, we need to first look at the basics of streaming live videos.

What is Live Streaming?

A data transmission method in which a video is transmitted using the internet in real-time. This transmission helps content creators to conduct real-time streaming of that video. It is an ideal way to deliver live videos to all the users located worldwide through servers. This form of streaming eliminates the need for recording and cloud storage.

Today, we can easily see the usage of live streaming by the gaming industry, social media platforms, spiritual organizations, education institutes, etc. Here, the video viewers receive and watch the video content at the same time when the video is being recorded.

Why Choose Live Streaming?

Streaming live videos is crucial to meeting the viewing demands of the new generation. It enables a content creator or video publisher to grow a business because managing the streaming of live videos is now easy due to the emergence of numerous live streaming services providing secured and interactive streaming with Amazon IVS.

Live videos are delivered to the viewers in real-time, which permits them to interact with the streamer directly. It gives a more engaging experience to the video viewers that helps to maximize the revenue of content creators and video publishers. Moreover, real-time interaction with your audience leaves a great impact on your viewers’s minds as it helps them to ask queries directly and helps you know your audience better.

What are the key Advantages of Live Streaming?

Indeed, live streaming has gained a lot of popularity owing to its numerous advantages. From engagement to revenue, it allows a content creator or video publisher to improve their brand and online visibility. Here are 4 leading advantages of incorporating live or real-time streaming for a business.

Budget-friendly

One of the biggest benefits of live or real-time streaming is that it is cost low compared to traditional broadcasting methods. The main reason for this is the less requirement of technology and streaming infrastructure. It makes streaming live videos accessible and affordable for businesses of all sizes.

A content creator or video publisher only requires a webcam, a robust internet connection and a feature-rich live streaming platform to conduct a live or real-time streaming session. Similarly, the video viewers can watch the live videos through a strong internet connection and a compatible device.

Being a flexible solution, live streaming enables a video publisher to go live from anywhere and at any time. This provides an opportunity to reach video viewers when they are most active to improve the return on investment.

Real-time Engagement

Live or real-time streaming is popular as it enables content creators or video publishers to stream live videos at low latency. This engagement makes it possible for streamers to have an actual conversation with the video viewers.

Here, viewers can ask questions, participate in polls and provide instant feedback. This allows for real-time understanding and exchange of ideas by the target audience. In addition, this gives a more personalized experience to the video viewers.

Owing to this, video viewers can quickly provide feedback and any recommendations regarding the enhancement of live streaming. Additionally, this enables viewers to get a great customer experience and these viewers are 2.4 times more likely to do business when their queries are resolved quickly.

Improve Brand Awareness

Streaming live video is considered a great way to enhance brand awareness and generate new leads. Internet users tend to watch live videos 10 to 20 times more compared to on-demand videos, which increases branding efforts. Moreover, it enables content creators and video publishers to promote broadcasting of events, which also helps to increase awareness of a brand. Additionally, it helps streaming businesses create a buzz by promoting product launches or any other special campaigns.

Stream with Other Brands

Growing a business is more likely with live or real-time streaming, as it enables a content creator to cover a broad range of topics in detail. Using the correct live streaming platforms can help a content creator combine audio and video from multiple hosts into a unified low-latency stream, also known as collaborative live stream.

A streaming business can easily exchange audio and video in real-time because it enables that business to reach a wider audience. Moreover, it empowers a content creator or video publisher to launch a co-marketing campaign to drive 3X more engagement.

Conclusion

Today, streaming live videos has grown by leaps and bounds and become an indispensable part of a business to ensure its growth. It is essential to meet the rising demand for video viewing. A content creator or video publisher can stream live or real-time videos using a perfect live streaming platform like VideoCrypt. It is a go-to platform that enables a content creator or video publisher to stream interactive live videos to boost engagement for your business.