Tencent Cloud, one of the world’s leading cloud providers, is gearing up to expand its media solutions to increase the company’s overseas business.
According to Poshu Yeung, senior vice-president of Tencent Cloud International, Southeast Asia is a growing cloud computing market as businesses continue their digital transformation journeys.
With centers in Singapore, Indonesia, and two local data centers in Thailand that have experienced triple-digit growth, Tencent Cloud has rapidly expanded throughout Southeast Asia.
The company’s three main areas of focus are partner ecosystem improvement, product internationalization, and capabilities enhancement. The company wants to develop immersive convergence, which merges real-world technologies to produce an immersive experience.
Yeung claimed that by utilizing Tencent’s two decades of experience in serving and connecting more than a billion users globally on its consumer-facing platforms, Tencent Cloud is in a strategically strong position to assist businesses in achieving “Immersive Convergence,” a concept that combines technology and the innovative approach of integrating the digital economy and the real world for a seamless connection.
“We are driving the Asia-Pacific media services landscape, helping enterprises to achieve immersive convergence and accelerate their digital transformation journey into the eras of Web 3.0 and metaverse,” said Yeung.
One-stop media solutions are offered by Tencent Cloud Media Services, a new worldwide audio and video brand, covering real-time communication, video on demand, live streaming, global acceleration, and security.
Integrated technologies, one-stop service providers, low-code platforms, and enterprises expanding globally are all possible prospects for media service providers, according to Carmen Zhu, research director at Frost & Sullivan.
Media services have witnessed significant development in Thailand, Indonesia, Singapore, and Malaysia because of the countries’ high internet penetration rates and government policies that support the growth of the digital economy, the research firm said.
The Asia-Pacific media services market is anticipated to grow at a compound annual growth rate of 27% over the next four years, reaching US$6.99 billion in 2026, due largely to the consumption of video and audio, live streaming, subscription video on demand, e-commerce, online gaming, and healthcare services.
In the “2022 Asia-Pacific Media Service Market Report,” published by Frost & Sullivan, Tencent Cloud is ranked as the top supplier in the media services market.
To hasten the transition to the metaverse, Mr. Yeung stated that the company intends to release “metaverse in a box,” which will include toolkits powered by its cloud media service.
Through its global infrastructure network, which covers more than 26 geographic areas across five continents and 70 availability zones, Tencent Cloud offers more than 400 technologies and connectivity solutions that support immersive convergence. This network has more than 2,800 acceleration nodes and more than 10,000 partners.