It also saw a 43% compound annual growth rate (CAGR) between 2015 and 2020.
According to the company, it added 17 new customers last year, including tier-1 operators in several regions of the world. Successful deployments included advanced CDNs replacing legacy CDNs, large cloud PVR systems, several multicast ABR solutions into production, and server-side ad insertion technology.
Commenting on the company’s performance, Jacques Le Mancq, CEO at Broadpeak, said: “While this has been an unprecedented time with some exceptional and complicated challenges, we feel optimistic about the future. COVID has triggered a higher demand for ultra-fast broadband and high-performance WiFi, which we believe will make our customers come out of the pandemic stronger.
“We are also seeing greater opportunities for super aggregators and an accelerated growth for pure OTT service providers, coupled with a critical need for streaming companies to provide exceptional quality of experience, similar to Netflix”.
Broadpeak designs and manufactures video delivery components for content providers and network service providers deploying IPTV, cable, OTT, and mobile services.