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As per the analysis by Expert Market Research, the global cloud gaming market attained a value of more than USD 1264 million in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 36.50% to reach over USD 8327 million by 2028.
Microsoft Corporation, Google Inc., Amazon.com Inc., IBM Corporation, Intel Corporation, Alibaba Group, NVIDIA Corporation, Sony Interactive Entertainment LLC, Tencent Holdings Ltd., Ubisoft Entertainment SA, Ubitus K.K, and Shadow SAS, among others, are the key players in the global market for cloud gaming.
As per the analysis by Expert Market Research, the global cloud gaming market attained a value of more than USD 1264 million in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 36.50% to reach over USD 8327 million by 2028.
The term ‘cloud gaming’ describes the practise of playing video games on remote equipment, typically servers held by a third party. With the growth of the online gaming platform solution market, there are plenty of options available for players. The fundamental advantage of cloud gaming is that it frees developers from worrying about consumers' device capabilities and specs while they build and enhance game technology.
The rising use of social media and the internet has accelerated the growth of cloud gaming. One of the main market drivers is the steadily increasing number of internet and social media users. The market share for cloud gaming has expanded dramatically as a result of the sharp rise in demand for online engagement and entertainment platforms.
In the upcoming years, the expansion of the cloud gaming market is also predicted to be boosted by an increase in players as well as an surge in realistic and competitive mobile gaming. Additionally, the rising acceptance of cloud gaming in multiplayer environments and enhanced cross-platform gaming experiences are significant drivers of market expansion throughout the course of the forecast period. Due to the tremendous growth in the mobile gaming sector over the past few years, smartphones are anticipated to capture a significant portion of the market throughout the forecast period.
The affordability of cloud gaming technology is one of its key benefits. Continually upgrading consoles and PCs to get the best gaming experience can be expensive, whereas cloud gaming doesn’t require any specific setup. Cloud gaming technology simply needs a laptop, a smartphone, or a smart TV. Since it enables more casual gaming at a lesser cost, this has created the possibility for a new class of players and helped the cloud gaming market flourish.
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Headquarters: | Washington, United States |
Establishment: | 1975 |
Website: | www.microsoft.com |
Microsoft Corporation, based out of the United States and founded by Bill Gates and Paul Allen, is one of the most powerful multinational corporations in the world. The company's primary business includes consumer electronics, personal computers, computer software, and related services. The company provides an extensive range of services, such as consultancy, cloud-based solutions, and solution support.
Headquarters: | California, United States |
Establishment: | 1998 |
Website: | https://www.google.com/ |
An international technological firm with its headquarters in the United States, Google Inc. focuses on Internet-related services and products like cloud computing, online advertising technologies, software, and hardware. It is regarded as one of the five Big Tech corporations, together with Amazon, Facebook, Apple, and Microsoft.
Headquarters: | Washington, United States |
Establishment: | 1994 |
Website: | https://www.amazon.com/ |
Amazon.com Inc is a leading online retailer with services worldwide as well as a web service provider. The company sells products in a number of categories, including, electronics, apparel, auto and industrial equipment, games, jewellery, groceries, sporting goods, books, kids' and baby products, movies, music, toys, and tools. It also provides assistance with websites, including cloud web hosting, and other services.
Headquarters: | New York, United States |
Establishment: | 1911 |
Website: | https://www.ibm.com/ |
IBM is well recognised for its creation and marketing of various high quality computer products, including cloud computing and data analytics. The company has also played a significant role as a research and development corporation over the years, with famous inventions including the hard disc drive, the floppy disc, and the UPC barcode.
Headquarters: | California, United States |
Establishment: | 1968 |
Website: | https://www.intel.com/ |
Intel is most widely known for the development and production of microprocessors found in a majority of the personal computers worldwide. Semiconductor chips are produced by the international technological firm that are used in most of the world's electronic devices, becoming the company’s greatest revenue-producing product. For providers of cloud gaming services, Intel Server GPU offers tailored solutions. Optimised delivery of Streaming Media is made possible with the Intel Server GPU.
Headquarters: | Hangzhou, China |
Establishment: | 1999 |
Website: | https://www.alibabagroup.com/ |
Alibaba Group Holding Ltd is a company that offers infrastructure services for technology and e-commerce. The business offers merchants, retailers, brands, and businesses the core technological infrastructure they need to market, sell, and run their operations online. Alibaba Cloud Gaming is a cloud-based gaming platform that gives developers quick and simple access to tools for creating, managing, and deploying games. The platform offers a full suite of tools and services, including a game engine, game server, and game client, for game developers.
Headquarters: | California, United States |
Establishment: | 1993 |
Website: | https://www.nvidia.com/ |
To solve problems that would be impossible to solve otherwise, NVIDIA pioneered accelerated computing. Its advancements in artificial intelligence and computer graphics are dramatically affecting society and revolutionising markets worth more than USD 100 trillion, including gaming, healthcare, and transportation. It is a technology company that is widely known for the design and manufacture of GPUs or graphics processing units.
Headquarters: | California, United States |
Establishment: | 1993 |
Website: | https://www.sie.com/ |
A fully owned subsidiary of Sony Corporation of America, Sony Interactive Entertainment LLC (SIE) is a multinational video game and digital entertainment corporation based out of the United States. Sony Interactive Entertainment (SIE), a recognised leader in interactive and digital entertainment, is in charge of the PlayStation® brand and its related family of goods and services.
Headquarters: | Shenzhen, China |
Establishment: | 1998 |
Website: | https://www.tencent.com/ |
An investment firm, Tencent Holdings Ltd. offers value-added services as well as internet advertising services. The business provides services such as wireless internet, instant messaging, online media, e-commerce, interactive entertainment, and online advertising. It also provides communication, information, and entertainment services. Tencent provides its services under the names Tencent Pictures, QQ, Weixin/WeChat, QQ Wallet, Q Zone, QQ Browser, and QQ Mail.
Headquarters: | Montreuil, France |
Establishment: | 1986 |
Website: | https://www.ubisoft.com/en-gb/ |
Ubisoft Entertainment SA is a French company that works in the video game industry by creating, releasing, and distributing games in both physical and digital formats for consoles, PCs, smartphones, and tablets.
Headquarters: | Tokyo, Japan |
Establishment: | 2013 |
Website: | https://ubitus.net/ |
Ubitus is committed to delivering a superior user experience through its cutting-edge technology, and it runs among the finest GPU virtualisation technology and cloud streaming platforms in the world. Ubitus offers quick-to-market cloud game transformation solutions to serve gaming firms globally with its comprehensive Game Development Kit (GDK). In addition, Ubitus provides a turnkey solution to partners like telecom carriers and cable operators who are interested in creating their own cloud game platform and brand globally. This solution includes a game library with hundreds of appealing game titles.
Headquarters: | Paris, France |
Establishment: | 2015 |
Website: | https://shadow.tech/ |
Shadow is a cloud computing service developed by French business Blade. Its technique is based on remote Windows 10 servers running Windows software programmes or video games. French software development business Blade Group SAS created the cloud gaming programme Blade SAS Shadow. Internet-connected devices running Windows, macOS, Linux, Android, or iOS can use the programme.
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