Home / 4 Reasons to Start Livestreaming
20 Sep 2022 - 17:23
Surprisingly, the demand for live content didn’t drop once the world started opening again. Livestreaming found a very good footing mainly in the marketing and entertainment industries. If you’re not sure if livestreaming is the right business venture for you, consider this:
We’ve already talked about the rising popularity of livestreaming, but how popular is it exactly? According to a 2020 Forbes report, livestream viewership grew 99 % during the lockdown. If you prefer to see a different type of metric to get the picture, Market Research Future estimates that by 2027, the livestreaming industry will be worth over 247 billion dollars. If there ever was a time to get into livestreaming, it’s now.
5G stands for 5th generation of broadband cellular networks which is characterized by higher bandwidth, faster download, and better connection quality in crowded areas. That makes 4K livestreaming more accessible to viewers. As Hello Future puts it, we are one step closer to watching seamless livestreaming on our phones in the car or on the train, which is great news for streamers and their profit margins.
We’ve already written about the possibilities of livestream monetization via selected platforms. But those are not the only ways to earn money while livestreaming. Another option is to utilize QR codes as a form of fundraising. The QR code will send the viewer directly to the payment. It’s a fantastic option for those who prefer to have their earnings under absolute control. You can learn how to add QR codes to your livestream with CamStreamer apps in our academy.