21 Best Live Streaming Solutions for Broadcasting in 2024

Professionals are using online video content more than ever before, live streaming solutions have become a key resource for corporate communications, video marketing, sales, business development, and beyond while the world transitions to primarily working from home. That is why every business needs a live streaming solution.

Live streaming is booming in so many different industries. More than 4.6 million people watch music festivals via live streams each year. Likewise, sports live streaming is on the rise, and the global video streaming industry market is now valued at $106 billion. It’s expected to grow at a CAGR of 21.5% until 2031.

People enjoy watching a vast array of different types of content, which is why having a video streaming solution is so important to the success of modern businesses.

Incorporating live streaming into your business’s operations requires the support of a live streaming solution. A live streaming solution will not just host your content but provide you with tools to share, protect, and monetize your video content.

In this article, we’re going to review the 21 best live streaming solutions, including a mix of platforms geared towards professionals and some consumer and prosumer alternatives. We’ll compare each platform based on functionality, features, streaming solution costs, and more.

Please keep in mind that live streaming solutions technology and pricing changes regularly. This post reflects the most accurate information as of June 2024.

Our aim here is to help you narrow in on the best streaming solutions for you. Let’s begin!

What is a Live Streaming Solution?

A live streaming solution is a video hosting platform that supports broadcasting in real-time.

Generally, these platforms are equipped with a collection of professional broadcasting tools and features, like white-label video players, cloud transcoding tools, privacy and security, monetization support, global delivery, and more. These live streaming solution tools allow you to take control of your content.

Professional-grade live streaming solutions are often used to broadcast events like concerts, webinars, conferences, sporting events, corporate events, and the like. They offer professional broadcast quality tools for any company that needs a live streaming solution. Some of the features include adaptive bitrate streaming, password-protection, superior encryption, and more to help you deliver a smooth and secure live streaming experience.

Live streaming with a dedicated solution is typically more reliable than social media applications and consumer-grade streaming services. However, there are benefits to using both social media applications, consumer-grade streaming services, and a professional-grade live streaming solution. A combination of all three is perhaps the best for maximum reach.

Free Live Streaming Services vs. Professional Solutions

A streaming service allows content creators to use their platform. A streaming solution provides broadcasters with the ability to scale and grow their online video presence.

First, we need to begin by answering a common question people have when considering live video streaming solutions: why use professional-grade live streaming solutions?

Many businesses and content creators use free consumer-grade or prosumer streaming solutions while they are still starting out. Some of these platforms even include major social media channels like YouTube, Facebook, and Instagram that offer live streaming features. The main advantage of taking this approach is that it doesn’t require much financial investment, so it allows broadcasters to test the waters without much skin in the game. There is a time and place for free consumer-grade content solutions.

While free live video streaming solutions are valuable for some purposes, they don’t provide much functionality for hosting video content on a larger scale.

Additionally, free options come with serious privacy and security concerns. They only provide limited or non-existent security features. Monetization tools are either hard to access or not supported at all. Tech support may not be up to your business-standard. So, this may make them unsuitable for businesses that want to monetize their live streams and other on-demand videos.

When you use one of the top professional solutions for live streaming, you will have to make a financial investment. With this financial investment, you will get control over the content.

You can customize the look and feel of the video player, control quality settings, access advanced security features and even monetize your content. You get access to top-level tools when you use one of the top live streaming solutions companies.

What to Look for in a Streaming Solution

Finding a solution to your live video streaming is better in the long run compared to just finding a service to use.

There are so many different professional-grade video streaming solutions with unique sets of features at different price points. When you’re considering which video solution you should use, there are several features to look for.

1. Security features: password protection, AES encryption, geographic/domain restrictions
2. Monetization: pay-per-view, subscriptions, advertisements
3. Professional business video hosting tools
4. Live streaming support
5. 24/7 tech support

The most important thing to consider when choosing a streaming solution is whether or not it includes the tools you need to reach your specific live streaming goals.

The 21 Best Live Video Streaming Solutions

Each streaming solution is different since they all come with unique sets of key features, basic functionalities, and pricing. No corporate streaming solution is perfect, but there is one out there that’s right for your business, and now is the time to find it.

Consider all of this while we compare the top 21 live video streaming solutions for 2024 and beyond.

1. Mslive
2. StreamYard
3. Restream
4. Resi
5. Brightcove
6. StreamShark
7. IBM Cloud Video (formerly UStream)
8. Cincopa
9. JW Player
10. Kaltura
11. Muvi
12. Panopto
13. Vimeo Livestream
14. Wowza
15. LinkedIn Live
16. Twitch
17. YouTube Live
18. Dailymotion
19. Facebook Live
20. Instagram
21. TikTok

Live Streaming Technology

As you compare live streaming solutions, it is important to consider other related technology in terms of compatibility. The reason that this is so important is that all of the moving parts must work together seamlessly.

A few of the other technology requirements include a camera, encoder, mixing software, a switcher, production software, and simulcasting tools. Each of these components is available at a variety of price points for different use cases.

Many of these pieces of technology can be integrated with your live streaming solution as input. Many of the popular live streaming solutions use RTMP ingest, so if you choose a platform with that streaming setup, you’re going to want to choose associated technology that is compatible.

We recommend taking a look at our ultimate guide to live streaming technology to learn more. This guide explains both the backend of live streaming and the different equipment that make it possible.

FAQs

1. What is the best platform for live streaming?
The best live streaming platforms or services that you can use for live videos are:

Mslive
StreamYard
Restream
Resi
Brightcove
StreamShark
IBM Cloud Video
Cincopa
JW Player
Kaltura

2. What is the most popular video streaming service?

Some of the most popular video streaming services are social media platforms owing to their massive reach and free access to livestreams. The top ones are YouTube Live, Twitch, Facebook Live, Instagram Live, and TikTok. LinkedIn also provides live streaming features to a selected number of users.

3. What is the #1 best streaming service?

The top streaming service out there for enterprise users is Mslive. It enables you to easily live stream your videos to viewers all around the globe, including China. Setting up your live streams is easy and you also get features like adaptive bitrate streaming that can help elevate the quality of your viewing experience.

4. Which server is best for live streaming?

The best sort of servers for live streaming are Nginx web servers. They can run on all major operating systems like Windows, Linux, and Mac. You can easily integrate them with HLS and RTMP for enabling live streaming with ease. This flexibility makes them the top servers to opt for when you want to do live streaming.

5. How do I set up a professional live stream?

Setting up a professional live stream is pretty straightforward. Here are the steps you can follow for the same:

1. Select a professional live streaming service based on your requirements and budget.
2. Purchase and set up equipment for the livestream.
3. Choose the right settings for your livestream.
4. Do a trial run to see if the stream is functioning well without any issues.
5. Share the URL of the livestream with your audience in advance.
6. Start streaming.

Conclusion

There is certainly a wide range of options available when it comes to professional streaming solutions. We hope that this article has helped you to understand the top online streaming solutions that are available today.

We believe that when assessing features and pricing, Mslive is the best live streaming platform for professionals. However, our goal is to provide the most up-to-date information possible to our readers.

If you haven’t decided firmly on which platform is for you, why not try our live streaming solutions for yourself?

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