Frost & Sullivan presents Digital Rapids with the 2008 Global Entrepreneurial Company and Customer Value Enhancement Awards for the tremendous growth it has displayed since its inception – with over triple digit growth from 2005 onwards.
Frost & Sullivan estimates the off-line encoding and the alternative media markets to grow exponentially from 2008 to 2010 at a high double digit growth rate. The total market is expected to grow to more than $1.2 billion in 2010. Though the market has more than 20 vendors, the needs of diverse application segments create tremendous potential for companies such as Digital Rapids. Very few vendors of the company’s size have such a comprehensive portfolio of products.
“Digital Rapids was among the early vendors in the digital compression market to realize that the need for digital video would extend beyond the television broadcast systems,” says Frost & Sullivan Senior Industry Analyst Vidya S Nath. “Video-on-demand (VOD) being a growing application over cable, satellite, IPTV, enterprise and Internet networks, content distributors require systems to encode and transcode content in to various formats and for various media.”
Digital Rapids offers a platform of solutions for such needs supporting capture, management and distribution of video content, at highly competitive prices. This includes live Standard Definition (SD) and High Definition (HD) encoding servers, DRC-Stream encoding/streaming cards and software, Broadcast Manager software, video-on-demand (VOD) packaging software, Transcode Manager software, StreamP portable media encoders, the CarbonHD digital disk recorder, and Copper data delivery Software.
“It is extremely rare for Frost & Sullivan to recognize one company with two Best Practices Awards in the same year, but in the case of Digital Rapids, such distinction is truly justified. There are several companies in the video encoders and transcoders market, but we found Digital Rapids an exemplary contender. Digital Rapids executed a well rounded strategy with which not only has it offered a competitive and flexible set of solutions to a highly fragmented customer base, but has also grown spectacularly despite a highly competitive environment, ,” notes Nath. “The digital video market is an emerging market and newer application segments such as Internet video, mobile video, digital archiving have evolving needs that include live and on-demand delivery, multi-format support and various other features.”
Digital Rapids offers various options of PCI cards, encoding and transcoding systems, and software that can cater to customers across different markets and media and help them to buy products suiting their application needs, target audiences and budgets.
The company’s success in the market however is strengthened by its ability to customize products and services, by which it has truly added value to the customers’ services. The vendor’s strong engineering team closely works with the customers to understand their needs and tailor make if necessary the products thus assuring scalability, easy configurations and security.
With a highly customizable set of solutions for various media, Digital Rapids is all set to increase its growth in a highly competitive market. In recognition of these achievements, Frost & Sullivan is proud to award Digital Rapids with the Entrepreneurial Company and Customer Value Enhancement Awards in the world video encoders and transcoders market.
Each year Frost & Sullivan presents the Entrepreneurial Company Award to the company that has demonstrated superior entrepreneurial ability in its industry during the research period. The Customer Value Enhancement Award is presented each year to the company that has best demonstrated the ability to expand the customer base, while maintaining its existing install base, with more innovative value creation and enhancement strategies than competing vendors within its industry. These Awards signify the company's identification of a unique and revolutionary product solution with significant market potential. Additionally, the Awards certify that the company's marketing strategy is sound and poised for success.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About Digital Rapids
Digital Rapids is a leading developer of professional hardware and software solutions for video ingest, encoding, transcoding, protection, streaming, and delivery. Digital Rapids offers solutions that scale from individual applications to enterprise and global workflows, with the proven expertise to help our customers maximize their productivity and the value of their content in the evolving digital media market. Digital Rapids products integrate seamlessly into new and existing post production, broadcast, institutional and media distribution environments, dramatically increasing the volume and quality of media produced while lowering overall costs. Digital Rapids Corporation (www.digital-rapids.com) is headquartered in Ontario, Canada with sales offices in the United States, the UK, Australia, Argentina and Hong Kong.
About Frost & Sullivan
Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.