Twitter's Periscope broadcasts 200 million streams in first year

Twitter's Periscope -- a prominent live video streaming app for iOS and Android -- is celebrating its first anniversary this week with a milestone of 200 million streams in a year.

Out of the 200 million broadcasts hosted within the app, 100 million were created in the past three months alone, Venturebeat.com reported.

In addition, 110 years worth of live video is watched per day across Periscope's iOS and Android apps, which represents a 91 percent increase from last August.

Twitter acquired Periscope in January 2015 and launched it on March 26 the same year against its main competitor at the time, Meerkat.

With a boom in digital technology, the live video market started to get crowded with the introduction of Facebook Live and YouTube Connect.

With this, it is difficult to see how Periscope performs against its competitors. Periscope says that it pays attention, above all else, to the time spent on watching videos.