SOURCE: Envivio

October 02, 2014 04:00 ET

TechNavio Research Names Envivio as a Key Vendor for Global Video Services in the Connected TV Market 2014-2018

Objective Analysis Groups Envivio With Comcast, DIRECTV, Hulu and Netflix

SOUTH SAN FRANCISCO, CA--(Marketwired - October 02, 2014) - Envivio (NASDAQ: ENVI), the experts in multi-screen video software solutions, today announced that it has been named as a company that is leading the global video services for the connected TV industry, along with Comcast, DIRECTV, Hulu and Netflix, according to TechNavio Research.

The report, "Global Video Services on Connected TV Market 2014-2018," predicts this market to grow at a compound annual growth rate (CAGR) of 74.73 percent over the period 2014-2018.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an overall analysis of the key vendors. Envivio was cited in the report as having a "unique video compression technology that enables Envivio to offer high-quality video across a wide array of networks, devices, and operating systems," said TechNavio Vice President Faisal Ghaus.

"We are pleased to be named as one of the key players who are leading this market, alongside Comcast, DIRECTV, Hulu and Netflix. We are in good company with such mega-brands," said Envivio CEO Julien Signès.

"This report also confirms the seismic change we see in consumer viewing habits. We are the people behind the screens who enable video service providers, like Comcast, to stay in front of these trends through our cutting-edge video software technology," Signès added.

According to the report, the major driver of the Global Video Services for the Connected TV market is the increase in the number of smart devices. "Consumers find it easy to subscribe or download data as they have access to content from their smart devices," a TechNavio analyst stated in the report. 

Video services on connected TVs are provided by various websites that distribute online content provided by content developers. These services enable users to order content online, without downloading it, to watch it on their TV. Connected TVs allow viewers to access online content from their TVs without using their PCs or laptops, and the devices used for this purpose include gaming consoles, streaming devices, smart TVs, and set-top boxes. 

More than 300 content and service providers around the globe have selected Envivio to power their live multi-screen video and Pay TV services. Visit www.envivio.com to learn more about how Envivio enables TV without boundaries.

About Envivio

Envivio (NASDAQ: ENVI) is a global market leader and innovator of video software solutions that are trusted by video service providers and content companies worldwide to power stunning video quality and captivating, personalized experiences to their millions of viewers on any device, over any network.

Leveraging its pioneering and technically superior virtualized video delivery solutions, Envivio enables video operators of any size to increase revenues and reduce costs while uniquely providing the best-in-class quality, reliability, efficiency, and scalability to support the new age of video anywhere.

Envivio is headquartered in South San Francisco, California with offices worldwide in France, China, Singapore and Japan. Visit www.envivio.com for more information, or connect with us on LinkedIn.

About TechNavio

TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them make better decisions.

TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.

Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes. Traditional media such as Forbes Asia and New York Times, along with other web media portals, like to quote us.

TechNavio was founded in 2003 in London. We have about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about the future market growth of global video services for the connected TV industry. Actual results may vary materially due to a number of factors including, but not limited to, the risk that, this market does not develop or grow as anticipated and Envivio's products do not operate as intended or do not receive market acceptance, as well as other risks that are detailed from time to time in Envivio's SEC reports, which can be found at www.sec.gov. Envivio is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Information contained in our website is not incorporated by reference in, or made part of this press release.

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