How to store streamed video locally for later use?

My mobile app has a feature where videos are streamed from a third party service(not-free). Is it possible to store/download the videos locally upon initial streaming which can be re-accessed by the user from their local storage again? This will save streaming costs for me.

Thanks.

Local storage has a maximum size limit of 5 MB, which is far too small for storing videos. You could try storing your videos on a server and load them from there.