Multimedia as we know is a combination of both audio and visual content. There have been various ways of sharing and distributing digital multimedia content, like using tapes, CDs, DVDs, cable TV, over network (file download), and streaming. In today’s connected era with increasing bandwidth and improving encoding standards multimedia streaming has become the primary means of sharing multimedia content across the world. With lots of choices available in terms of streaming technologies, each one has its pros and cons for various fields. No mechanism fits all kinds of applications like live or on-demand and areas like online video and video surveillance.