Top 10 Best OTT platforms For Content Providers in 2024

The number of people moving towards the internet to watch movies, sports, news, and education has increased in the past year. This is mainly because of the rise of OTT Platforms. Online video consumption has increased. It is noted that the Online video streaming market is expected to be around $125 billion by 2025. Many businesses are willing to follow this trend to create brand awareness about the product or service through online video streaming. In this blog, we will go through the top 10 best OTT platforms in 2024.

OTT refers to a type of media distribution that can be used instead of traditional satellite or cable television. The majority of media will be delivered and consumed on the internet in the future.

Every day, OTT technology distributes more and more media. Several industry professionals argue that the distinction between OTT and conventional TV should be abolished entirely.

The app or website users use to access their favourite shows and movies is an OTT streaming service. These services are available on smart TVs, gaming consoles, PCs, laptops, smartphones, tablets, and other internet-enabled devices. OTT streaming services typically restrict access to paying subscribers. Viewers have the option of paying per-view or subscribing to the site for limitless on-demand access. Broadcasters sometimes use sponsored advertising to commercialize their material.

What is an (Over-the-Top) OTT Platforms?

An OTT platform is broadcasters' software to host their online video content. Most professional OTT systems include capabilities for storing, managing and delivering content to online viewers.
Professional OTT platforms can cost anywhere from $10 to $1000 per month. You'll need the help of a well-equipped OTT platform to develop an OTT streaming service like Netflix and the other sites we mentioned.

What to Look for When Choosing an Best OTT Platforms

There are many OTT platforms available, so you'll need to research to pick one that can help you achieve your OTT streaming objectives.

The 10 Best OTT platforms Providers in 2024

Before looking at some of the top OTT platforms for professional broadcasters, it's crucial to remember that different functionalities are necessary to achieve other broadcasting objectives.

1. Webnexs

Webnexs is a video content platform with monetization features. In addition, webnexs offers live streaming, VOD, and OTT video delivery.
Webnex's flexibility allows you to enhance the user's experience and is compatible with all devices. OTT options such as SVOD, TVOD, and AVOD are also available.

Pros:

• Video Encryption, Device Management, and Monetization Control are all advantages.
• All devices are supported.
• Pricing based on our financial constraints
• The relatable platform
• The platform is simple to use.

Cons:

• Video has a high frequency and a lot of business

2. Flicknexs

Flicknexs is a video-on-demand, live-streaming, and over-the-top (OTT) streaming platform that exceeds expectations and reaches a broad audience. It is both cost-effective and easy to use. It requires minimal infrastructure to run flawlessly on all other devices. All devices, including computers, tablets, and smartphones, are compatible. With a solid internet connection, accessing at any time and from any location will be straightforward.

Pros:

• Real-time analytics and ad-free streaming
• There is a plethora of privacy and security tools accessible.
• Mobile device compatibility
• Support for mobile devices
• Recording of the live stream

Cons:

• High frequency and rich business in video

3. Dacast

Dacast is a unified streaming platform that supports both VOD and lives broadcasting. It has a host of powerful over-the-top (OTT) features that professional broadcasters will appreciate. This password-protected network makes it simple to send video content to viewers all over the world in a secure manner.
Pros:

• VOD and live stream video hosting are advantages.
• Analytics in real-time
• Streaming without advertisements

Cons:

• Poor capitation support
• High price point

4. IBM cloud video:

IBM Cloud Video is another OTT platform competitor worth examining in our evaluation. This platform is a product of IBM, a major technology company. IBM Cloud Video can host both live and on-demand video. One of IBM Cloud Video's early shortcomings was that it had any monetization options.
Pros

• Tools that are appropriate for commercial use
• Hong Kong video hosting customer service

Cons

• Extra charges apply for high-resolution streaming.
• Accessibility tools are limited (minimal closed captioning support)

5. JW Player

The popular video player JW Player is most well-known for. The first YouTube video player code included the code for this video player. They did, however, recently introduce a live streaming service. JW Player has many features, including an HTML5 video player that works with cutting-edge technologies.

Pros

• The video player of high quality

Cons

• The user interface is not as clean as it could be.
• Only a few ways to make money (AVOD only)
• Tech help is limited.
• There will be no shipment from China.

6. Livestream:

Vimeo has included an over-the-top (OTT) solution into its offerings. Let's look at Vimeo's OTT services in more detail.
** Pros:**

• Content delivery across the globe
• Tools for boosting contact and engagement Customization for on-brand streaming ** Cons:**
• Some functions require assistance to use.

7. Kaltura

Kaltura is an educational open-source software platform that offers a unique streaming platform. It's great for storing and delivering large volumes of content via a wholly customized video player. Kaltura is unique in that it can be fully customized using a variety of connectors.
Pros

• It's completely customizable.
• Integrations provide a great deal of functionality flexibility.
• It's ideal for experienced broadcasters.

Cons

• It is frequently more expensive to use because of the "pay-as-you-go" nature.
• The platform that is difficult to use
• Beginner broadcasters aren't made out for this.
• Tech support that is slow to respond

8. Wistia

Wistia is a video hosting platform that has been providing services to the video hosting and media distribution industries for more than a decade. Students founded it with the primary goal of serving educational institutions and businesses.
Pros:

• Comprehensive video analytics
• CRM connectors make it feasible for marketing teams to collaborate.
• Video player with a professional appearance

Cons:

• Brand customization is limited, and there is no delivery to China.

9. Brightcove

In the OTT hosting arena, Brightcove is another reputable option. Its cloud video hosting package includes everything broadcasters require to succeed in online video hosting. Brightcove is primarily designed for business video hosting, but it can be customized to include all of the features that broadcasters need to build streaming as a service platform.
Pros

• Custom landing pages for video players *CRM connectivity is possible.
• Professional broadcasting features in plenty

Cons

• Pricing that is too high
• There will be no video delivery from China.

10. Wowza:

Wowza is yet another powerful OTT platform designed for professional broadcasting. Wowza allows broadcasters to develop highly customized streaming processes using third-party connectors, APIs, and advanced capabilities.

Pros

• Tools for customizing your brand
• Auto-archiving
• Ultra HD streaming with a powerful video CMS (4K) Several security settings are available.

Cons

• There are no tools for simulcasting available.
• There isn't any support for video monetization.

Conclusion

Knowing the size of this industry, the pace at which the ott industry goes, and its impact on people's lives. It's high time for any business to follow this trend and use online video streaming platform as a marketing tool to reach a broader range of people through product promotion and brand awareness. The first step is to choose an OTT platform to distribute, manage and monetize video content.