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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cloud Gaming Market Size
The global cloud gaming market size reached approximately USD 1,725.36 million in 2023. The market is projected to grow at a CAGR of 36.8% between 2024 and 2032, reaching a value of around USD 28,908.07 million by 2032.
Key Takeaways
- Reportedly, around 23.7 million gamers engage in cloud gaming.
- Advances in technology, particularly in 5G network infrastructure and streaming and compression algorithms, are enhancing the cloud gaming experiences.
- The market is poised for further innovations such as the integration of cloud gaming with VR and AR.
Cloud gaming refers to the practice of playing video games on distant equipment, which is generally disguised as servers owned by a third party. It relies on internet streaming to provide games to users' preferred devices rather than downloading them. This shows that gaming interfaces are not powered by the device's own internal hardware/storage. The main benefit of cloud gaming is that developers can improve and upgrade gaming technology without having to worry about users’ device specifications and capabilities.
The increased demand for video games and reasonably priced gaming solutions is one of the major factors driving the cloud gaming market growth. The market is also positively impacted by the introduction of new lines of games to meet the consumer demand for distinctive gaming experiences. In addition, with the rollout of 5G services in numerous nations, it is anticipated that the market for cloud gaming services will grow as well. These services are expected to take advantage of the widespread usage of mobile devices and the speed of 5G connections to support AAA gaming on smartphones. Moreover, the mobile cloud gaming market will also be fuelled by services offered by game publishers and mobile network carriers.
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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United States (Head Office)
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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