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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cloud Gaming Market Trends
The advancements in data centre technologies, network infrastructure like 5G, and compression algorithms play a pivotal role in enhancing the performance of cloud gaming services. Upgrades in server hardware, including faster, more efficient processors and high-performance GPUs, enable cloud gaming services to run games at higher resolutions and frame rates. 5G networks offer significantly lower latency compared to previous generations, which is crucial for cloud gaming where every millisecond counts in providing real-time interactivity.
Moreover, new compression algorithms are more efficient at reducing the size of game data to be transmitted without significant loss of quality, ensuring that even complex game scenes can be streamed smoothly over limited bandwidth.
In October 2023, Sony announced to expand its presence in the cloud gaming sector by granting PS Plus subscribers the capability to stream premier game titles. This enhancement to the PS Plus service introduces a new dimension of convenience and accessibility, allowing members to enjoy a vast library of high-quality games directly through streaming, without the need for downloading or using local storage.
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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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