Tencent Ranks No. 1 across APAC by revenue for communications platforms as-a-service
Tencent Cloud, the cloud business of global technology company Tencent, is in a leading position in the communications platform as-a-service (CPaaS) market across the Asia-Pacific region, includingChina. According to Gartner's Market Share: All Software Markets, Worldwide, 2023 report, Tencent recorded total revenue of US$559 M, showcasing the highest growth rate globally at 21.8%. With the rapid development of information and communication technology, CPaaS has gradually become a key component of enterprise IT strategies. CPaaS offers flexibility and connectivity, enabling businesses from various industries to adopt cloud communication solutions for scenarios that require reaching end-users, such as contact centres and marketing. This adoption of CPaaS not only enables companies to innovate their operations, but also expedites their journey towards digital transformation. Acceleration of enterprise digitalisation Tencent Cloud has been deeply involved in the CPaaS field for many ...