We are elated to be honored by Frost & Sullivan with it’s 2014 Global Market Leadership Award for Online Video Platforms! The award recognizes us for our market leadership position and platform differentiation of our online video platform, Video Cloud, as well as for our growth strategy, brand strength, and global reach.
The Frost & Sullivan Global Market Share Leadership Awards recognize companies throughout a range or regional and global markets for superior leadership, technological innovation, customer service, and strategic product development. As a three-time recipient of the online video platform award, we are pleased to have secured such a strong market position.
In the report, Frost & Sullivan acknowledges our early roots and the impact we’ve had on the market saying, “Brightcove can be credited with playing a key role in the creation of the online video platform market when it emerged in 2004. It has maintained its market leadership in the dynamic and fast growing market in spite of heightened competitive pressures over the past ten years.”
It’s truly an honor to receive that level of recognition. Simplifying video publishing and monetization across devices for our customers has been at the core of our strategy from the start, which has been a key contributor to the success we’ve reached.
Our dual focus across digital media and digital marketing, as well as our forward-looking acquisition strategy were also noted as factors in our success. Frost & Sullivan believes that Brightcove is well positioned to cater to customers looking to acquire best-of-breed point solution for individual components of what has traditionally been an online video platform (transcoding, DRM, analytics, etc.).
Additional takeaways from Frost & Sullivan’s full analysis include:
- With 22% market share, Brightcove is the undisputed leader in the global online video platform market.
- Brightcove’s 2013 revenues make it almost twice as large as its closest competitors.
- Brightcove’s global reach is second to none, spanning all geographic regions.
- Brightcove has stayed ahead of trends and added to its product offerings accordingly, which has been key to its product differentiation.
To learn more about Video Cloud and other product offerings from Brightcove, visit www.brightcove.com