Brightcove outperforms global online video platforms based on
evaluation of market share, global reach, growth strategy, brand
strength, product differentiation and technology leverage
BOSTON--(BUSINESS WIRE)--
Brightcove Inc. (NASDAQ: BCOV), a leading global provider of cloud
services for video, today announced that Frost & Sullivan has honored
the company with its 2014
Global Market Leadership Award for online video platforms.
Brightcove, which also received the award in 2012 and 2011, was
recognized for the market leadership position and platform
differentiation of its online video platform, Video Cloud, as well as
for the company's growth strategy, brand strength and global reach.
"Brightcove can be credited with playing a key role in the creation of
the online video platform market back in 2004, and the company has
maintained its market leadership in the dynamic and fast-growing market
in spite of heightened competitive pressures over the past 10 years,"
said Anisha Vinny, industry analyst at Frost & Sullivan. "Brightcove
continues to forge ahead, and the company's forward-looking product
development strategies combined with strategic acquisitions have enabled
it to build a best-in-class, end-to-end video platform used by thousands
of customers around the world."
The Frost & Sullivan Global Market Leadership Awards recognize companies
throughout a range of regional and global markets for superior
leadership, technological innovation, customer service and strategic
product development.
Brightcove was recognized for its dual focus and strong position across
digital media and digital marketing / enterprise organizations and its
carefully crafted, forward-looking acquisition strategy. Frost &
Sullivan also noted that Brightcove has consistently dominated market
share in the online video platform space for more than 10 years thanks
to its strong brand and continued growth, as well as the company's
ability to spot trends earlier than most. Frost & Sullivan also believes
Brightcove is well positioned to cater to customers looking to acquire
best-of-breed point solutions for individual components of what has
traditionally been an online video platform (transcoding, DRM,
analytics, etc.).
"It's an honor to be recognized by Frost & Sullivan as a market leader
in online video platforms," said David Mendels, chief executive officer
of Brightcove. "As a still relatively new and fragmented market, being a
three-time recipient of this award further validates our strategy,
products, market presence and strong team we have in place. Simplifying
video publishing and monetization across devices for our customers has
been at the core of our strategy from the start. We haven't lost that
focus and I attribute a great deal of our success to that."
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.
About Brightcove
Brightcove Inc. (NASDAQ:BCOV) is a leading global provider of powerful
cloud solutions for delivering and monetizing video across connected
devices. The company offers a full suite of products and services that
reduce the cost and complexity associated with publishing, distributing,
measuring and monetizing video across devices. Brightcove has more than
5,500 customers in over 70 countries that rely on the company's cloud
solutions to successfully publish high-quality video experiences to
audiences everywhere. To learn more, visit www.brightcove.com.
This press release may include forward-looking statements regarding
anticipated objectives, growth and/or expected product and service
developments or enhancements. Such forward-looking statements may be
identified by the use of the following words (among others): "believes,"
"expects," "may," "will," "plan," "should" or "anticipates," or
comparable words and their negatives. These forward-looking statements
are not guarantees but are subject to risks and uncertainties that could
cause actual results to differ materially from the expectations
contained in these statements. For a discussion of such risks and
uncertainties, see "Risk Factors" in the Company's filings with the
Securities and Exchange Commission, including its most recent annual
report on Form 10-K. Brightcove assumes no obligation to update any
forward-looking statements contained in this press release in the event
of changing circumstances or otherwise, and such statements are current
only as of the date they are made.
Press Contacts
North America:
InkHouse for Brightcove
Jim
Crook, 781-966-4103
jim@inkhouse.com
or
Europe:
Waggener
Edstrom for Brightcove
Sam Woodman, +44 20 7632 3840
swoodman@waggeneredstrom.com
Source: Brightcove Inc.
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