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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cloud Gaming Market Growth
Video streaming continues its steady growth in the market due to the rising demand for high-quality video streaming for seamless gameplay
In the cloud gaming market, video streaming is a crucial aspect as the success of cloud gaming hinges on the ability to stream high-definition video seamlessly and with minimal latency. The high-quality video streaming technology is vital, as it directly impacts gameplay quality and user satisfaction. Video streaming technology enables gamers to access games instantly without the need for downloads or installations, appealing to a broad audience and driving demand for cloud gaming services. The convenience of accessing a vast library of games and the ability to switch between them fluidly enhances user engagement.
File streaming in the context of cloud gaming refers to the process where game data, such as textures, assets, or game states, are delivered to the user's device in real-time or near real-time as needed, rather than requiring a full download before gameplay can begin. One of the major benefits of cloud gaming is the ability to start playing games almost instantly, without lengthy downloads or installations. Efficient file streaming is crucial for delivering on this promise, as it allows game files to be streamed and cached as needed, significantly reducing wait times.
Increase in the number of internet users to bolster the market growth
The cloud gaming market expansion is the direct result of increased internet and smartphone penetration and the growing influence of social media. There is a constant rise in the number of internet users, along with the rise in the number of social media platforms. The demand for online services and entertainment has increased significantly, resulting in a considerable increase in market size. Additionally, an increase in the number of gamers and an increase in realistic and competitive gaming on mobile platforms are likely to boost the growth of the market in the coming years. Moreover, the growing popularity of cloud gaming in multiplayer settings and improved cross-platform gaming experiences are crucial factors in the market development.
Cloud Gaming Market Report Snapshots
Cloud Gaming Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1,725.36 million.
The market is estimated to grow at a CAGR of 36.8% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 28,908.07 million by 2032.
The major market drivers are the growing penetration of high-speed internet facilities, rising adoption of smart devices, increasing utilisation of gaming as a service, and digital transformations in the media and entertainment industry.
The key trends aiding the market growth include rapid growth of subscription models in cloud gaming, rising development of next-gen gaming platforms, growing focus on security and digital rights management (DRM), and technological advancements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant device types in the market include smartphones, tablets, gaming consoles, and personal computers and laptops, among others.
The primary solution types of cloud gaming available in the market are video streaming and file streaming.
The significant gamer types include casual gamers, avid gamers, and lifestyle gamers.
The major players in the market are 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.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124