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15 Options
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PlatformsWindows, Linux, Mac, BSD
Pros
Pro Excellent streaming support
Because ffmpeg allows transcoding on the fly and supports multiple streaming protocols such as rtmp, rtsp, http, ftp, hls, you can use it to stream to services such as twitch.tv or set up your own streaming solution.
You can use both local realtime recordings or another stream as a source, transcode it if necessary, and output it to a different stream.
ffmpeg -i rtmp://server/live/originalStream -c:a copy -c:v libx264 -vpre slow -f flv rtmp://server/live/h264Stream
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Cons
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Flagged Pros + Cons
Con Steep learning curve
Unless you use a front-end (that has reduced functionality), ffmpeg might be intimidating at first.