Cost Estimate for Developing a Real-Time Streaming App Akin to Kick and Rumble
The global live streaming market is experiencing a surge, with projections indicating a significant growth over the next decade. According to recent reports, the market was valued at approximately $5.5 billion in 2024 and is expected to reach around $12.4 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 12.3% from 2026 to 2033 [3]. Another source estimates an even faster growth, with a CAGR of 16.6%, reaching a market volume of $20.64 billion from 2025 to 2029 [1].
This rapid expansion is driven by factors such as smartphone penetration, improved internet access, and the increasing demand for interactive, personalized content [1][3]. The live streaming segment, which includes platforms focused on gaming, entertainment, education, and corporate communication, continues to gain significant traction globally.
In the competitive landscape, platforms like Kick and Rumble are making waves. Rumble, for instance, achieved a total revenue of $20.4 million in 2023, driven by a substantial user base of 67 million global Monthly Active Users (MAUs) [2]. Similarly, Kick, a video live streaming service launched at the end of 2022, has gained popularity with 58 million hours of content watched and over 10 million downloads.
However, creating competitive live streaming platforms comes at a cost. While exact figures vary based on features and complexity, industry standards suggest that developing a basic live streaming app with essential features could cost anywhere between $100,000 to $300,000. A more advanced platform like Kick, which offers features such as a creator-friendly revenue split, interactive live chat, subscription management, and lenient content policies, typically requires additional investments in infrastructure, AI-driven content management, moderation tools, and scalable backend systems, pushing costs potentially above $300,000 to $500,000 or more [1][2].
Businesses looking to enter this market should set clear objectives, conduct thorough market research, and understand user needs for building a live streaming mobile app. Key features for a successful live streaming app include user profile management, content discovery, watchlist, personalized recommendations, notifications, account settings, playback controls, payment options, social sharing, AI-powered chatbot, live chat, live event calendars, multi-stream viewing, and user management on the admin side panel.
The success of innovative live streaming platforms like Kick and Rumble presents an opportunity for businesses looking to enhance customer engagement, boost brand visibility, and capitalize on the growing trend of digital interactivity. As the market continues to grow, it's clear that the demand for live streaming apps is here to stay, offering businesses a chance to connect with audiences in real-time, shatter geographical barriers, and forge meaningful connections.
- As businesses explore new ways to engage customers and capitalize on the rising trend of digital interactivity, the demand for advanced cloud services, such as those for developing live streaming apps, could see a substantial increase.
- In the realm of finance and technology, investments in lifestyle and entertainment sectors, particularly in innovative live streaming platforms, may prove lucrative, enabling businesses to connect with global audiences and leverage the growth of the live streaming market.
