According to reports in Japanese local media, Tencent Cloud announced formal entry into the Japanese market to provide one-stop cloud services to Japanese enterprises.
At present, American companies are dominating the Japanese cloud service market. By entering the Japanese market, Tencent will compete with Amazon and Microsoft in this marketplace.
Statistics from the market research firm IDC show that in 2018, Japan's public cloud service market scale was JPY668.8 billion and it is expected to reach JPY1.69 trillion by 2023. Tencent Cloud will focus on data hosting for Japanese game and video sharing service providers, in which the Chinese company has special advantages.
It is said that Tencent Cloud plans to sign contracts with 100 companies in Japan over the next 12 months.