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Qumu Named a Top Streaming Engine by Wainhouse Research
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Qumu Corporation (NASDAQ: QUMU) has been recognized in the Top Right Quadrant of the 2022 State of the Market for Enterprise Streaming Solutions report by Wainhouse Research for the sixth consecutive time. The report highlights Qumu's position within the Streaming Engine category, emphasizing its capability to provide turnkey enterprise streaming solutions with integration potential. With the enterprise streaming market projected to reach $1.56 billion by 2025, Qumu aims to support organizations adapting to hybrid work models.
Positive
Recognized in the Top Right Quadrant by Wainhouse Research for sixth time.
Positioned in the Streaming Engine category, showcasing robust enterprise streaming capabilities.
Market for enterprise streaming solutions projected to reach $1.56 billion by 2025, indicating growth opportunities.
Negative
None.
Evaluation based on completeness of solution and extensibility
MINNEAPOLIS--(BUSINESS WIRE)--
Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology, today announced it has been positioned by Wainhouse Research, LLC in the Top Right Quadrant of the 2022 State of the Market for Enterprise Streaming Solutionsreport for the sixth time.
The report features the Wainhouse Enterprise Streaming Technology Landscape, which segments vendors into categories based on their completeness of solution and extensibility. Wainhouse places Qumu in the Streaming Engine category. According to the report, these platforms are purpose-built to enable enterprise streaming on a turnkey basis with an open approach that enables them to extend functionality through integration with third-party technologies.
“With flexible hybrid work, organizations are looking for better ways to effectively engage with employees," said Steve Vonder Haar, senior analyst at Wainhouse Research. "IT teams are facing growing demand to supply their teams with robust enterprise video solutions that allow organizations to embrace a work from anywhere culture. Top streaming engines can flex and scale to the organizations unique environment, helping to more readily bridge the gaps of hybrid work."
“We’re honored to be named a Top Streaming Engine in the industry,” said TJ Kennedy, CEO and President of Qumu. “Over the past year, focus has never been sharper on delivering a smarter, more reliable video platform. We proudly have supported and will continue to support our customers as they leverage video to achieve business goals and engage employees while making the swift shift to hybrid work models.”
The report forecasts that the market for enterprise streaming solutions and services will reach $1.56 Billion (U.S.) by 2025.1
Qumu (Nasdaq: QUMU) is a leading provider of best-in-class tools to create, control, deliver, experience and analyze live and asynchronous video at scale. Backed by an experienced team of software and video experts, Qumu’s software enables globally distributed organizations to drive employee, customer and partner engagement, modernizing business by providing more efficient and effective ways to communicate and collaborate.
About Wainhouse Research
Wainhouse Research is an independent analyst firm that focuses on critical issues in the unified communications and collaboration market. The company provides end-to-end coverage of the UC&C industry, with areas of focus covering unified communications, enterprise video, meeting room collaboration, personal & web-based collaboration, and audio conferencing market segments. The company acts as a trusted advisor providing strategic advice and direction for both the UC&C industry and its enterprise users. http://www.wainhouse.com.
1Wainhouse Research LLC. 2022 State of the Market - Enterprise Streaming Solutions and Services by Steve Vander Haar. The report highlights results from Wainhouse’s market forecasts and End User Survey of 2,001 respondents conducted in the fourth quarter of 2021.
Qumu Media Contact:
Ashley Paula-Legge Big Valley Marketing for Qumu alegge@bigvalley.co
+1 707-972-0073
Qumu Investor Contact:
Matt Glover or Tom Colton Gateway Investor Relations
QUMU@gatewayir.com
+1 949-574-3860
Source: Qumu Corporation
FAQ
What is Qumu Corporation's recent recognition?
Qumu Corporation has been recognized in the Top Right Quadrant of the 2022 State of the Market for Enterprise Streaming Solutions report by Wainhouse Research.
How many times has Qumu been recognized in the Top Right Quadrant?
Qumu has been recognized in the Top Right Quadrant for six consecutive times.
What category is Qumu positioned in according to the Wainhouse Research report?
Qumu is positioned in the Streaming Engine category according to the Wainhouse Research report.
What is the projected market size for enterprise streaming solutions by 2025?
The enterprise streaming solutions market is projected to reach $1.56 billion by 2025.
What does the recognition from Wainhouse Research indicate about Qumu's offerings?
The recognition highlights Qumu's robust enterprise streaming capabilities and its ability to adapt to hybrid work environments.
