An adaptive transcoder is provided that includes a shared memory containing a plurality of decoder buffers to store incoming data packets, a plurality of decoder instances to control a decoding process to generate image raw data based on the incoming data packets, and a plurality of encoder instances configured to control an encoding process to generate outgoing packets based on the image raw data; and a data processing element containing a plurality of processing cores, and a core controller. Each decoder instance is paired with an encoder instance; and each decoder buffer is associated with a decoder instance. Each decoder buffer includes a monitoring element to monitor a respective decoder buffer, and provide buffer data corresponding to the status of the decoder buffer. Each encoder instance is associated with a processing core; and the core controller uses the buffer data to associate each decoder instance with a processing core.