Elemental named market leader by SNL Kagan
Elemental Technologies, a supplier of video solutions for multiscreen content delivery, has been named the multiformat and OTT video processing market leader across multiple regions by research released from SNL Kagan. The ranking follows an ABI Research report issued which was issued earlier this year and cited Elemental as the leader in live multiscreen encoder global market share.
In its report, SNL Kagan ranked vendors by region in terms of capacity for live high-definition and standard-definition streaming as well as installed file processing. All major encoding suppliers were requested to participate in the survey. Elemental secured a first place market position in the North American, Latin American and Caribbean and Western European regions and was top-three in all other regions.
As the SNL Kagan report noted, “Elemental provides clear leadership in terms of HD and SD stream capacity in the most regions with more than 300 customers including major content owners and service providers.”
Elemental serves premier media and entertainment brands worldwide such as the BBC, Comcast, ESPN, Eurosport, Foxtel, HBO, NHK, Telefonica and Warner Bros. with video processing technology that supports leading-edge multiscreen initiatives. Customer applications include conversion of large content libraries for online viewing, live linear delivery of broadcast television content, and live video streaming of the largest and most recognisable sporting events on the planet, including the upcoming Winter Games in Sochi.
“In just over three years, Elemental has taken the multiscreen video processing lead with a proven, unique architecture that supports a growing global customer base with the industry’s best implementations of software-based video processing,” said Keith Wymbs, VP marketing at Elemental. “By continuing to execute against the major trends in IP video, we believe we are well-positioned to capture the next level of market adoption as the industry migrates to cloud architectures, HEVC compression, and 4K Ultra HD video.”