Company Named in 2022 Gartner® Magic Quadrant™

Tencent Cloud has been recognized in Magic Quadrant for the third consecutive year as a Niche  Player, for completeness of vision and ability to execute

Tencent Cloud – the cloud business of global technology company  Tencent, today announced that it has been recognized as a Niche Player in the 2022 Gartner Magic  Quadrant for Cloud Infrastructure and Platform Services (CIPS). This is the third consecutive year for  Tencent Cloud to be named in Gartner Magic Quadrant. 

Gartner Magic Quadrant for CIPS evaluates vendors in infrastructure as a service (IaaS) and integrated  platform as a service (PaaS) offerings. The evaluation criteria analyze the vendor’s strengths and  cautions in its Executive Ability – encompassing product and service, overall viability, sales execution and pricing, market responsiveness, market execution, as well as customer experience and operations;  and Completeness of Vision – which considers market understanding, marketing strategy, sales  strategy, offering and product strategy, business model, vertical and industry strategy, innovation, and  geographic strategy. 

We believe Tencent Cloud’s recognition as a Niche Player in the Magic Quadrant is attributed to its  focus on serving multinationals in China or Chinese multinationals expanding overseas, as well as its  investments in network capabilities to support the low latencies required for gaming workloads along  with low-code platforms, video on demand, security, database and virtual video meeting services. 

Poshu Yeung, Senior Vice President, Tencent Cloud International, said, “We are pleased to once again  be recognized by Gartner in its Magic Quadrant for CIPS for three consecutive years. We believe this  is proof and testament to our mission of constantly evolving and improving for the benefit of our  customers and clients.”  

Tencent Cloud now operates in 26 regions and 70 availability zones worldwide, underlining its  commitment to IaaS cloud infrastructure global deployment. In 2021 and early 2022, Tencent Cloud added new availability zones in Hong Kong, Singapore, Jakarta, Bangkok, Tokyo, Frankfurt and Sao  Paulo. Furthermore, Tencent Cloud CDN has over 2,800 CDN nodes across more than 70 countries and  regions.  

Tencent Cloud was recently recognized as a Representative Vendor in Gartner Market Guide for  Communications Platform as a Service (CPaaS). Earlier this year, Tencent was recognized as a  Challenger in 2022 Gartner® Magic Quadrant™ for Cloud AI Developer Services. Tencent Cloud has  also grabbed the top spot in the Communications Platform as a Service Market in China by Revenue  for 2021 from the 2022 Gartner® report “Market Share: All Software Markets, Worldwide, 2021”.  

In addition, Gartner has also placed Tencent as having the largest market share in China in the CRM  space based on the Market Share report in 2021.