Connect with us

Tech News

Cloud Gaming Market Surging at a CAGR of 41.7% by the end of 2032

Avatar

Published

on

Cloud Gaming Market

Cloud Gaming Market

Currently, 38% of the global online video games market is made up of cloud gaming. If the issues it now confronts are resolved, the worldwide cloud gaming market, which had a market value of US$ 721.9 Mn at the end of 2021, is predicted to grow to US$ 42.35 Bn by 2032, growing at a CAGR of 41.7%.

Cloud Gaming Market Size (2022) US$ 1.02 Bn
Projected Market Value (2032) Value US$ 42.35 Bn
CAGR (2022-2032) 41.7%
Top 5 Vendors’ Market Share Around 45%

The cloud gaming market refers to the delivery of video games over the internet through cloud computing technologies. Cloud gaming allows gamers to play games on demand, without the need for expensive hardware or physical game media. Instead, games are streamed over the internet, allowing gamers to play on a variety of devices, including PCs, consoles, and mobile devices.

The cloud gaming market is driven by the increasing demand for high-quality video games and the growing popularity of subscription-based gaming services. Cloud gaming offers a range of benefits, including lower hardware costs, increased accessibility, and reduced latency and lag time.

Some of the key players in the cloud gaming market include Google LLC, Microsoft Corporation, NVIDIA Corporation, Amazon Web Services, Inc., and Sony Interactive Entertainment LLC. These companies offer a range of cloud gaming services, including game streaming platforms, cloud gaming subscription services, and game development tools and services.

The cloud gaming market is expected to continue growing in the coming years, as more and more gamers adopt cloud gaming as a way to access high-quality video games without the need for expensive hardware. The market is also being driven by the increasing availability of high-speed internet connections and the growing demand for mobile gaming, which is fueling the adoption of cloud gaming on mobile devices.

Get a Sample Now @ https://www.persistencemarketresearch.com/samples/20533

Competitive Landscape

The cloud gaming industry is a new development in the video game market and it can take time for this form of gaming to be widely accepted. Most companies that are currently investing in cloud gaming solutions are either long-time players in the video game industry, new companies that are dedicated specifically to this market, or companies that have established cloud services.

  • In September 2022, LG announced the implementation of cloud gaming services for its upcoming smart TVs. LG will be including the apps of Blacknut and Utomik Cloud on its smart TVs, which are cloud gaming service providers.
  • In September 2021, Microsoft announced that it will be expanding its Xbox cloud gaming operations to Brazil, Mexico, Australia, and Japan. There will be over 100 video games offered in these countries and the selections will be locally modified. With this development, Microsoft Xbox cloud gaming will now be available in 26 countries.

Key Players:

  • Microsoft
  • The Gaming Project
  • Google
  • Nvidia
  • Parasec
  • Shadow.tech
  • Polystream
  • Playgiga
  • Amazon
  • Playkey
  • Ubisoft

Cloud Gaming Industry Survey by Category

By Device Type:

Advertisement
interviews-reviews
  • Smartphones
  • Tablets
  • Gaming Consoles
  • PCs & Laptops
  • Smart TVs
  • Head-Mounted Displays

By Gamer Type:

  • Professional Gamers
  • Casual Gamers

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

About the Electronics, Semiconductors, and ICT Division at Persistence Market Research

Expert analysis, actionable insights, and strategic recommendations – the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

Contact Us:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – [email protected]
Website – https://www.persistencemarketresearch.com

Continue Reading
Comments
Advertisement Submit

TechAnnouncer On Facebook

Pin It on Pinterest

Share This