Frost & Sullivan Commends Harmonic for Taking the Top Spot in the Multi-Screen Software Transcoding Market by Leveraging an End-to-End Product Portfolio

Frost & Sullivan Commends Harmonic forFrost & Sullivan Commends Harmonic for Taking the Top Spot in the Multi-Screen Software Transcoding Market by Leveraging an End-to-End Product Portfolio PR Newswire MOUNTAIN VIEW, California, Oct. 28, 2013 -- Harmonic's global sales footprint hedges against shortfalls in any particular regional market, positioning the company for stronger long-term growth Based on its recent analysis of the multi-screen software transcoding market, Frost & Sullivan recognizes Harmonic with the 2013 Global Frost & Sullivan Market Share Leadership Award for capturing the highest market share within its industry. Harmonic's share in 2012 was slightly more than 9 percent, and in 2013, it outgrew the market to reach a market share of more than 10 percent, thereby rising to the top spot in a very fragmented market. Frost & Sullivan estimates that the market for pure multi-screen transcoding —both file and live—earned nearly $140 million in 2012, growing by more than 14 percent to nearly $160 million in 2013 as broadcasters, pay TV service operators and online video providers expanded their on-demand and live streaming offerings. In this environment, Harmonic established competency in file as well as live applications through its ProMedia® Carbon and ProMedia Live products, respectively.