The latest report by IMARC Group, titled “Cloud Gaming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global cloud gaming market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global cloud gaming market size US$ 1,286.6 Million reached in 2022. Looking forward, IMARC Group expects the market to reach US$ 13,581.3 Million by 2028, exhibiting a growth rate (CAGR) of 47.5% during 2023-2028.
Cloud gaming, or gaming-as-a-service, is a technology that allows users to play video games on devices they do not own by streaming the games over the internet from a remote server. The game’s graphics processing, computing, and storage are performed on the server, while the user interacts with the game using a simple device such as a computer, tablet, or smartphone. This means that users can play high-end games on low-end devices with a stable internet connection. Examples of cloud gaming services include Google Stadia, Nvidia GeForce Now, and Amazon Luna.
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Global Cloud Gaming Market Trends:
The global market is majorly driven by the increasing demand for video games and affordable gaming solutions. In line with this, the improved gaming experience offered by cloud gaming is significantly contributing to the market growth. Furthermore, the leading market players and telecom providers are collaborating to give gamers a 5G gaming experience, which is expected to create a positive outlook for the market. Apart from this, the rising number of gamers and the commercialization of 5G are positively influencing the market.
Moreover, the growth of the gaming industry and the escalating popularity of cloud gaming services are catalyzing the market. Besides, the availability of high-speed internet and the increasing popularity of e-sports are propelling the market growth worldwide. Additionally, rapid advancements in cloud technology and the rising penetration of smartphones and gaming consoles are providing a boost to the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
- Utomik B.V.
- Nvidia Corporation (NASDAQ: NVDA)
- Numecent Holdings Ltd.
- RemoteMyApp SP ZOO (Vortex) (OTCMKTS: VTXB)
- Parsec Cloud Inc.
- Paperspace
- LiquidSky Software Inc.
- Simplay Gaming Ltd.
- Ubitus Inc.
- Microsoft Corporation (NASDAQ: MSFT)
- Sony (NYSE: SONY)
- Amazon web services (NASDAQ: AMZN)
- Google (NASDAQ: GOOGL)
- IBM Corporation (NYSE: IBM)
- Samsung electronics (KRX: 005930)
- GameFly
- CiiNow, Inc.
Key Market Segmentation:
Breakup by Devices Type:
- Smartphones
- Smart TVs
- Consoles
- Tablets
- PCs
Breakup by Spectrum:
- Video Streaming
- File Streaming
Breakup by Genre:
- Adventure/Role Playing Games
- Puzzles
- Social Games
- Strategy
- Simulation
- Others
Breakup by Spectrum:
- Hardcore Gamers
- Casual Gamers
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impacton the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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