How to Build a Video Chat App: Types, Cost, & Must-Have Features
Blog post from Stream
The video chat app market has experienced significant growth, particularly during the COVID-19 pandemic, as real-time audio and video chat technology became central to various industries, including eCommerce, online dating, telehealth, gaming, FinTech, and EdTech. The market is estimated to be worth billions, with platforms like Zoom, Discord, and Facetime leading in specific niches. Developers looking to enter this competitive space must consider essential features such as user management, screen sharing, virtual noise cancellation, and security protocols, which can be achieved either by building from scratch or integrating third-party APIs. The choice between these approaches depends on factors like cost, time-to-market, and operational complexity, with APIs offering a more cost-effective and faster implementation route. Monetization strategies for video chat apps include advertisements, freemium plans, and feature upgrades, which can attract investors and sustain app development. As the demand for video communication continues to rise, the focus for new entrants is to create distinctive, user-focused experiences that leverage existing technologies and market trends.