IDC has released its mid-year report, "China Video Cloud Market Tracker, First Half of 2023," outlining current trends and projections within the industry. In a market contending with a post-pandemic deceleration in consumer entertainment demand and reduced IT expenditure from industry clients, China's video cloud market faced a 7.0% year-on-year decline, reaching $4.62 billion.
The report details an 8.4% contraction in video cloud infrastructure and a slight 1.4% decrease in the solutions market compared to the same period in 2022.
Downstream Impact and Industry Responses
The first half of 2023 was characterized by a slowdown in end-user entertainment demand.
Over half of the leading integrated video platforms and entertainment live streaming services felt the pressure on their short-term performance, demanding higher cost-effectiveness. Although the utilization of resources such as edge cloud helped, it was insufficient to offset the adverse effects of declining bandwidth us...
Already subscribed? Sign in.
Don't Miss Out.
Invest with as little as one bottle of water per week.
Join other top analysts and business executives and navigate the unique market with China Internet Watch.
Cancel at any time