A quick start guide on how to launch the on-demand video streaming service app like Amazon Prime

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Amazon Prime Clone - Hit the remunerative market with a video streaming app

Amazon Prime Video is a popular video streaming service platform. Amazon Prime was started in 2005 as an Amazon membership service. With the evolution of Prime membership, it now includes video streaming, shopping, and reading. Are you an entrepreneur who is intent on launching the Amazon Prime Video Clone app? Read on this blog for insightful information.

Stats and facts of the Amazon Prime Video app

  • At the initial stage, Prime Video was launched as Amazon Unbox and merged with Prime membership. It has expanded into Europe, China, Cuba, Iran, North Korea, and Syria.  
  • As of 2020, Amazon Prime Video is ranked third among the digital video service platforms. Moreover, it occupies the second position in the United States.
  • The total number of Amazon Prime Video subscribers is 117 million across the globe, and its revenue is USD 25 billion. Recently, the number of subscribers increased to 150 million. Comparatively, there are more subscribers in North America.
  • According to Statista, 39% of Americans are currently subscribing to Amazon Prime Video.
  • The total number of content titles produced in 2019 was 70. Now, it has 222 original titles.
  • Notably, young demographics are the most frequent app users. 23% of users are aged between 18 and 29.
  • In 2017, its revenue was $700 million, and in 2020, it was 2.5 billion.

Business model of an on-demand video streaming service app

Amazon disrupts well-established industries through technological innovation. It is the largest online marketplace, live-streaming platform, cloud computing platform, and AI assistant provider. Amazon Prime offers users with legal access to various movies, series, and TV shows in which they can stream their favorite whenever they want. This platform charges the subscription from the fee as there is no free version available now. Moreover, its key factors are offering original content, excellent user interface, and support with platforms devices.

Ready to launch your own OTT platform? Amazon Prime Video Clone facilitates you to launch an app immediately. Read on this blog to know app development aspects, click https://www.uberlikeapp.com/blog/amazon-prime-video-clone/