Tencent Cloud, the Leading Media Service Environment in APAC, Ranks #1 Cloud Service Provider in the Media Service Market!

Tencent Cloud, the cloud services business of Shenzhen, China-based Tencent Holdings (Tencent), has been ranked the No. 1 cloud services provider by research and consulting firm Frost & Sullivan & Co. quot;announced on Tuesday, February 21, 2023, that "Tencent Cloud" (Tencent Cloud), a cloud services business, was ranked the No. 1 cloud services provider in the 2022 Asia Pacific Media Services Market Report by Frost & Sullivan & Quot;a research and consulting firm.

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Tencent Cloud Becomes No. 1 Cloud Services Provider in the Media Services Market

ider in the Media Services Market

Tencent Cloud, the leader in the APAC (Asia Pacific) media services environment, has announced that it is the number one service provider in the APAC media services market for 2022, according to Frost & Sullivan. The study, which covered Japan and eight other markets in the APAC region, found that 33.4% of media and entertainment companies are undergoing DX (Digital Transformation), from content creation, processing, and transmission to real-time communications, video on demand, and live streaming. The survey revealed that 33.4% of media and entertainment companies have chosen Tencent Cloud services to drive their DX (Digital Transformation), from content creation, processing, and delivery to real-time communications, video on demand, and live streaming. Frost & Sullivan evaluated cloud providers based on three criteria: "Business Readiness," "Service Delivery," and "Ecological Level. Tencent Cloud ranked first in "business responsiveness" and "service delivery capabilities," and also ranked high in "ecological level," indicating its high reputation.

Tencent Cloud currently offers more than 400 technology and connectivity solutions to support "immersive convergence" through its global infrastructure network, with more than 2,800 acceleration nodes, 26 The company covers more than 26 regions and 70 availability zones on five continents with over 2800 accelerated nodes. Mr. Poshu Yeung, Senior Vice President of Tencent Cloud International, emphasized that media services have emerged rapidly in recent years and are becoming the foundation of our lives and communications.

Poshu Yeung, Senior Vice President of Tencent Cloud International commented

Tencent has served and facilitated connectivity for more than 1 billion users worldwide on its consumer platform. By leveraging its 20 years of experience, Tencent Cloud is in a strong strategic position to help enterprises achieve "immersive convergence. Immersive convergence is a concept that combines technology with an innovative approach to integrating the digital economy and the real world to achieve seamless connectivity.

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Poshu Yeung also announced that as Tencent Cloud expands its global reach, the company will double its resources and focus on innovation. As a cloud services provider, our goal is to enhance our product capabilities and accelerate the international rollout of our core products for sustainable growth.

APAC continues to be a key market for long-term business growth. APAC is seeing a growing demand for digital transformation solutions across a variety of industries, from large enterprises to small and medium-sized businesses. Research shows that the APAC region is a promising market for media services, which is projected to grow 19-fold between 2016 and 2026. It is also the region with the highest number of video-on-demand subscribers.

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Frost & Sullivan Research Director Carmen Zhu comments

Cloud service providers like Tencent Cloud are well positioned to seize growth opportunities in the APAC media services market. Integrated technology, one-stop service delivery, low-code platforms, and the drive for enterprise globalization all represent potential opportunities for media service providers. These solutions are essential for the region, which is expected to grow due to favorable macro conditions, including high Internet and mobile penetration rates and rapid GDP growth across APAC. Government policy announcements have encouraged further development of the digital economy, expanding market potential in several segments.

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Tommy Li, Vice President, Tencent Cloud commented

With our extensive hands-on experience and advanced core technologies, we are looking forward to further enhance our product offering in the area of "immersive convergence" and build on our strengths to support not only traditional industries, but also customers in Media & Entertainment, Gaming, Web 3.0, and Metaverse Native. We will continue to support not only traditional industries, but also Media & Entertainment, Gaming, Web 3.0, and Metaverse Native customers. Whether it is strengthening our cloud-native products, enhancing our multi-cloud and hybrid cloud support, or expanding our mature and easy-to-use one-stop solution abroad, our team will continue to develop more innovative products to complement our existing cloud services and meet today's global demand! The company will continue to develop new products and services to meet today's global demand.

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Tencent Cloud has provided services to a variety of companies such as Mildom, MICHARA, and Pokékara. With the APAC media services market size expected to reach US$6.987 billion by 2026, the expansion of the media services environment driven by Tencent Cloud is a key focus.